Silverton Bridge Bank, National Association - Overview
General
FDIC Certificate #: 58987 Status: Inactive Federal Reserve ID: 3929812 Date Established: May 01, 2009 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 490055 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: May 01, 2009 Last Structure Change Effective Date: September 29, 2010 Last Structure Change Process Date: October 29, 2010 Last Data Update: October 29, 2010 Data Source Date: April 05, 2012
Location
Address: 3284 Northside Pkwy Nw, Atlanta, GA 30327 County: Fulton 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)
History of Changes
Other Liquidations and Closings
Financial Summary
Total assets: $700.3 mil
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
95Total employees (full-time equivalent)
$696,046Total assets
$364,290Cash and due from depository institutions
$362,740Interest-bearing balances
$87,116Securities
$0Federal funds sold & reverse repurchase agreements
$10,763Net loans & leases
$0Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$233,877All other assets
$696,046Total liabilities and capital
$22,458Total liabilities
$22,458Total deposits
$0Interest-bearing deposits
$22,458Deposits held in domestic offices
55.47%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$673,588Total equity capital
$673,588Total bank equity capital
$673,588Perpetual preferred stock
$0Common stock
$748,890Surplus
$0Undivided profits
Memoranda
$-75,302Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$233Average Assets, year-to-date
$460,619Average Assets, quarterly
$58,136Volatile liabilities
$1,242,620Insider loans
$720,452FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$6,677Total interest income
$8,148Total interest expense
-$1,471Net interest income
$0Provision for loan and lease losses
-$28,177Total noninterest income
$0Fiduciary activities
$866Service charges on deposit accounts
$0Trading account gains & fees
-$29,043Additional noninterest income
$28,698Total noninterest expense
$13,804Salaries and employee benefits
$784Premises and equipment expense
$14,110Additional noninterest expense
-$58,346Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$58,346Income before extraordinary items
$0Extraordinary gains - net
-$58,346Net income attributable to bank
$0Net charge-offs
-$58,346Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
1.34%Yield on earning assets
1.64%Cost of funding earning assets
-0.30%Net interest margin
-5.67%Noninterest income to earning assets
5.78%Noninterest expense to earning assets
-4.70%Net operating income to assets
-4.70%Return on assets (ROA)
-4.70%Pretax return on assets
-8.55%Return on equity (ROE)
-8.55%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
-96,796Assets per employee
7.33%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
47.93%Net loans and leases to core deposits
47.93%Equity capital to assets
96.77%Core capital (leverage) ratio
123.45%Tier 1 risk-based capital ratio
159.34%Total risk-based capital ratio
Memoranda
$159Average assets
$1,242,620Average earning assets
$682,253Average equity
$496,645Average loans
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