Riverside Bank in Marietta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 25, 2006

  • Riverside Bank in Marietta, Georgia (GA)
  • Show street view No street view available for this location

Riverside Bank - Overview

  • General
  • FDIC Certificate #: 26951
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank of North Georgia (#31203)
    Federal Reserve ID: 789136
    Date Established: April 17, 1987
    WWW: http://www.riversidebank.net
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    FDIC's unique #: 36353
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 17, 1987
    Last Structure Change Effective Date: March 25, 2006
    Last Structure Change Process Date: March 30, 2006
    Last Data Update: March 30, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1200 Johnson Ferry Road, Marietta, GA 30068
    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: $665.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)

  • Dollar figures in thousands
  • 85Total employees (full-time equivalent)
  • $665,114Total assets
  • $13,172Cash and due from depository institutions
  • $803Interest-bearing balances
  • $126,470Securities
  • $43,435Federal funds sold & reverse repurchase agreements
  • $450,299Net loans & leases
  • $5,216Loan loss allowance
  • $0Trading account assets
  • $12,886Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $18,852All other assets
  • $665,114Total liabilities and capital
  • $609,736Total liabilities
  • $531,367Total deposits
  • $438,637Interest-bearing deposits
  • $531,367Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $46,867Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $27,500Other borrowed funds
  • $0Subordinated debt
  • $4,002All other liabilities
  • $55,378Total equity capital
  • $55,378Total bank equity capital
  • $55,378Perpetual preferred stock
  • $0Common stock
  • $4,092Surplus
  • $21,222Undivided profits
  • Memoranda
  • $30,064Noncurrent loans and leases
  • $139,341Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,802Earning assets
  • $0Long-term assets (5+ years)
  • $3,238Average Assets, year-to-date
  • $621,007Average Assets, quarterly
  • $42,937Volatile liabilities
  • $609,133Insider loans
  • $663,131FHLB advances
  • $175,865Loans and leases held for sale
  • $13,859Unused loan commitments
  • $27,500Tier 1 (core) risk-based capital
  • $2,847Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $139,341Total unused commitments
  • $0Restructured Loans and leases
  • $5,216Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $37,454Total interest income
  • $12,579Total interest expense
  • $24,875Net interest income
  • $900Provision for loan and lease losses
  • $2,463Total noninterest income
  • $0Fiduciary activities
  • $519Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,944Additional noninterest income
  • $11,951Total noninterest expense
  • $6,943Salaries and employee benefits
  • $1,505Premises and equipment expense
  • $3,503Additional noninterest expense
  • $14,487Pre-tax net operating income
  • $0Securities gains (losses)
  • $5,172Applicable income taxes
  • $9,315Income before extraordinary items
  • $0Extraordinary gains - net
  • $9,315Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $794Sale, conversion, retirement of capital stock, net
  • $500Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.60%Yield on earning assets
  • 2.22%Cost of funding earning assets
  • 4.38%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 2.11%Noninterest expense to earning assets
  • 1.53%Net operating income to assets
  • 1.53%Return on assets (ROA)
  • 2.38%Pretax return on assets
  • 18.17%Return on equity (ROE)
  • 17.20%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 113.35%Credit loss provision to net charge-offs
  • 19.38%Efficiency ratio
  • 43,716Assets per employee
  • 7.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 5.37%Loss allowance to loans
  • 1.15%Loss allowance to noncurrent loans
  • 186.15%Noncurrent assets plus other real estate owned to assets
  • 0.42%Noncurrent loans to loans
  • 0.62%Net loans and leases to deposits
  • 84.74%Net loans and leases to core deposits
  • 106.99%Equity capital to assets
  • 8.33%Core capital (leverage) ratio
  • 7.72%Tier 1 risk-based capital ratio
  • 10.47%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $609,133Average earning assets
  • $51,257Average equity
  • $567,449Average loans

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