The Georgia State Bank of Rome in Rome, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 08, 1994

The Georgia State Bank of Rome in Rome, Georgia (GA)
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The Georgia State Bank of Rome - Overview

General
FDIC Certificate #: 22585
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: AmSouth Bank of Georgia (#33766)
Federal Reserve ID: 718332
Date Established: January 05, 1978
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 15753
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: January 05, 1978
Last Structure Change Effective Date: April 08, 1994
Last Structure Change Process Date: May 18, 1994
Last Data Update: May 18, 1994
Data Source Date: April 05, 2012
Location
Address: Turner Mccall Blvd. & Riverbend Dr., Rome, GA 30161
County: Floyd
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
Core Based Statistical Area (CBSA): Rome, GA (#40660)
CBSA Metro Statistical Area: Rome, GA (#40660)
Financial Summary
Total assets: $105.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$59Total assets
$103,388Cash and due from depository institutions
$4,731Interest-bearing balances
$700Securities
$18,734Federal funds sold & reverse repurchase agreements
$6,350Net loans & leases
$65,771Loan loss allowance
$1,345Trading account assets
$0Bank premises and fixed assets
$2,054Other real estate owned
$16Goodwill and other intangibles
$5,732Life insurance assets
$0All other assets
$0Total liabilities and capital
$103,388Total liabilities
$95,430Total deposits
$94,511Interest-bearing deposits
$78,717Deposits held in domestic offices
94511.00%% insured (estimated)
$86Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$919Total equity capital
$919Total bank equity capital
$7,958Perpetual preferred stock
$0Common stock
$750Surplus
$6,550Undivided profits
Memoranda
$658Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$298Income earned, not collected on loans
$466Earning assets
$91,555Long-term assets (5+ years)
$7,745Average Assets, year-to-date
$99,202Average Assets, quarterly
$102,603Volatile liabilities
$11,151Insider loans
$4,848FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$5,009Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,958Total risk weighted assets
$74,440Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$7,503Total interest expense
$2,943Net interest income
$4,560Provision for loan and lease losses
$400Total noninterest income
$1,022Fiduciary activities
$0Service charges on deposit accounts
$797Trading account gains & fees
$0Additional noninterest income
$225Total noninterest expense
$3,893Salaries and employee benefits
$1,713Premises and equipment expense
$428Additional noninterest expense
$1,752Pre-tax net operating income
$1,289Securities gains (losses)
$0Applicable income taxes
$371Income before extraordinary items
$918Extraordinary gains - net
$0Net income attributable to bank
$918Net charge-offs
$92Cash dividends
$420Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.34%Cost of funding earning assets
3.27%Net interest margin
5.07%Noninterest income to earning assets
1.14%Noninterest expense to earning assets
4.32%Net operating income to assets
0.93%Return on assets (ROA)
0.93%Pretax return on assets
1.30%Return on equity (ROE)
11.77%Retained earnings to average equity (YTD only)
6.38%Net charge-offs to loans
0.14%Credit loss provision to net charge-offs
434.78%Efficiency ratio
69,742Assets per employee
1.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
45.75%Loss allowance to loans
2.00%Loss allowance to noncurrent loans
451.34%Noncurrent assets plus other real estate owned to assets
0.30%Noncurrent loans to loans
0.44%Net loans and leases to deposits
69.59%Net loans and leases to core deposits
78.90%Equity capital to assets
7.70%Core capital (leverage) ratio
7.70%Tier 1 risk-based capital ratio
10.69%Total risk-based capital ratio
Memoranda
$12Average assets
$99,202Average earning assets
$7,801Average equity
$90,015Average loans

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