Northwest Bank & Trust in Acworth, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 30, 2010

  • Northwest Bank & Trust in Acworth, Georgia (GA)
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Northwest Bank & Trust - Overview

  • General
  • FDIC Certificate #: 57658
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: State Bank and Trust Company (#57870)
    Federal Reserve ID: 3250114
    Date Established: March 11, 2004
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 419239
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: March 11, 2004
    Last Structure Change Effective Date: July 30, 2010
    Last Structure Change Process Date: August 03, 2010
    Last Data Update: August 03, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 3891 Cobb Parkway, Acworth, GA 30101
    County: Cobb
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Atlanta
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Atlanta, GA (#520)
    Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
    Core Based Statistical Area (CBSA): Atlanta-Sandy Springs-Marietta, GA (#12060)
    CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
  • Financial Summary
  • Total assets: $160.8 mil

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2009)

  • Dollar figures in thousands
  • 26Total employees (full-time equivalent)
  • $173,912Total assets
  • $42,331Cash and due from depository institutions
  • $41,804Interest-bearing balances
  • $17,201Securities
  • $570Federal funds sold & reverse repurchase agreements
  • $104,289Net loans & leases
  • $3,170Loan loss allowance
  • $0Trading account assets
  • $6,078Bank premises and fixed assets
  • $2,121Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,322All other assets
  • $173,912Total liabilities and capital
  • $168,429Total liabilities
  • $166,142Total deposits
  • $157,728Interest-bearing deposits
  • $166,142Deposits held in domestic offices
  • 89.59%% insured (estimated)
  • $1,805Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $482All other liabilities
  • $5,483Total equity capital
  • $5,483Total bank equity capital
  • $5,483Perpetual preferred stock
  • $0Common stock
  • $7,814Surplus
  • $6,872Undivided profits
  • Memoranda
  • $-9,203Noncurrent loans and leases
  • $10,757Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $20,598Earning assets
  • $2,019Long-term assets (5+ years)
  • $401Average Assets, year-to-date
  • $163,864Average Assets, quarterly
  • $22,404Volatile liabilities
  • $164,316Insider loans
  • $173,516FHLB advances
  • $57,850Loans and leases held for sale
  • $3,449Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $10,757Total unused commitments
  • $2,873Restructured Loans and leases
  • $1,462Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $6,762Total interest income
  • $4,106Total interest expense
  • $2,656Net interest income
  • $6,121Provision for loan and lease losses
  • $228Total noninterest income
  • $0Fiduciary activities
  • $186Service charges on deposit accounts
  • $0Trading account gains & fees
  • $42Additional noninterest income
  • $4,166Total noninterest expense
  • $1,893Salaries and employee benefits
  • $503Premises and equipment expense
  • $1,770Additional noninterest expense
  • -$7,403Pre-tax net operating income
  • $233Securities gains (losses)
  • $637Applicable income taxes
  • -$7,807Income before extraordinary items
  • $0Extraordinary gains - net
  • -$7,807Net income attributable to bank
  • $0Net charge-offs
  • -$7,807Cash dividends
  • $4,550Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.58%Yield on earning assets
  • 2.78%Cost of funding earning assets
  • 1.80%Net interest margin
  • 0.15%Noninterest income to earning assets
  • 2.82%Noninterest expense to earning assets
  • -4.89%Net operating income to assets
  • -4.75%Return on assets (ROA)
  • -4.36%Pretax return on assets
  • -75.02%Return on equity (ROE)
  • -75.02%Retained earnings to average equity (YTD only)
  • 3.99%Net charge-offs to loans
  • 134.53%Credit loss provision to net charge-offs
  • -0.28%Efficiency ratio
  • 144,452Assets per employee
  • 6.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.95%Loss allowance to noncurrent loans
  • 15.39%Noncurrent assets plus other real estate owned to assets
  • 13.06%Noncurrent loans to loans
  • 19.17%Net loans and leases to deposits
  • 62.77%Net loans and leases to core deposits
  • 94.72%Equity capital to assets
  • 3.15%Core capital (leverage) ratio
  • 3.15%Tier 1 risk-based capital ratio
  • 4.94%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $164,316Average earning assets
  • $10,406Average equity
  • $147,499Average loans

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