FDIC Certificate #: 58599 Status: Active Federal Reserve ID: 3650442 Date Established: November 05, 2007 WWW:http://www.sbgbanking.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 457849 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: November 05, 2007 Last Structure Change Effective Date: January 06, 2011 Last Structure Change Process Date: January 19, 2011 Last Data Update: January 19, 2011 Data Source Date: April 05, 2012
Location
Address: 131 Gingercake Road, Fayetteville, GA 30214 County: Fayette 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: $94.3 mil Equity capital: $8.8 mil Deposits held in domestic offices: $77.6 mil Return on assets (ROA): -1.15% (-$1.1 mil) Quarterly return on assets: -2.40% (-$2.3 mil) Return on Equity (ROE): -12.58% (-$1.1 mil) Quarterly return on equity: -25.72% (-$2.3 mil) Net income: -$1.2 mil Quarterly Net income: -$0.6 mil Pretax return on assets: -1.15% (-$1,083.9 mil) Quarterly Pretax return on assets: -2.51% (-$2,365.8 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
18Total employees (full-time equivalent)
$94,255Total assets
$9,663Cash and due from depository institutions
$8,984Interest-bearing balances
$13,857Securities
$0Federal funds sold & reverse repurchase agreements
$65,569Net loans & leases
$2,086Loan loss allowance
$0Trading account assets
$1,462Bank premises and fixed assets
$2,548Other real estate owned
$0Goodwill and other intangibles
$94,255Life insurance assets
$1,156All other assets
$85,467Total liabilities and capital
$77,642Total liabilities
$74,498Total deposits
$77,642Interest-bearing deposits
$96Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$7,523Trading liabilities
$0Other borrowed funds
$302Subordinated debt
$8,788All other liabilities
$8,788Total equity capital
$8,788Total bank equity capital
$1,053Perpetual preferred stock
$6,163Common stock
$7,737Surplus
$-6,165Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$6,340Income earned, not collected on loans
$0Earning assets
$347Long-term assets (5+ years)
$88,410Average Assets, year-to-date
$10,151Average Assets, quarterly
$101,598Volatile liabilities
$96,753Insider loans
$70,617FHLB advances
$97,388Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$8,494Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$4,006Restructured Loans and leases
$3,180Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$4,975Total interest income
$1,318Total interest expense
$3,657Net interest income
$784Provision for loan and lease losses
-$408Total noninterest income
$0Fiduciary activities
$73Service charges on deposit accounts
$0Trading account gains & fees
-$481Additional noninterest income
$3,667Total noninterest expense
$1,655Salaries and employee benefits
$199Premises and equipment expense
$1,813Additional noninterest expense
-$1,202Pre-tax net operating income
$34Securities gains (losses)
$0Applicable income taxes
-$1,168Income before extraordinary items
$0Extraordinary gains - net
-$1,168Net income attributable to bank
$0Net charge-offs
-$1,168Cash dividends
$2,034Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.25%Yield on earning assets
1.39%Cost of funding earning assets
3.86%Net interest margin
-0.43%Noninterest income to earning assets
3.87%Noninterest expense to earning assets
-1.18%Net operating income to assets
-1.15%Return on assets (ROA)
-1.15%Pretax return on assets
-12.58%Return on equity (ROE)
-12.58%Retained earnings to average equity (YTD only)
2.76%Net charge-offs to loans
38.54%Credit loss provision to net charge-offs
-0.21%Efficiency ratio
112,865Assets per employee
5.24%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.08%Loss allowance to noncurrent loans
32.90%Noncurrent assets plus other real estate owned to assets
9.43%Noncurrent loans to loans
9.37%Net loans and leases to deposits
84.45%Net loans and leases to core deposits
90.84%Equity capital to assets
9.32%Core capital (leverage) ratio
8.72%Tier 1 risk-based capital ratio
12.03%Total risk-based capital ratio
Memoranda
$13Average assets
$101,598Average earning assets
$9,288Average equity
$94,712Average loans
List of branches
1 Georgia Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
457849
State Bank Of Georgia
131 Gingercake Road, Fayetteville, GA 30214
November 05, 2007
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with State Bank of Georgia.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: