First Security National Bank
Norcross, GA — National Bank
Acquired Dec 2009
Vitals
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Total Assets127.5M -6.4 %
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Total Deposits121.6M 2.2 %
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Total Net Loans49.7M -37.6 %
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Net Income
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Book Value2.5M -82.4 %
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Book Value x25.0M -82.4 %
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Book Value x37.5M -82.4 %
Balance Sheet Highlights
Financial Highlights | First Security National Bank | All Insured Commercial Banks in Georgia |
Balance Sheet $(000) | ||
Total Assets | 127,455 | 236,198 |
Total Net Loans | 49,705 | 166,450 |
Total Deposits | 121,645 | 198,670 |
Total Equity | 2,488 | 20,067 |
Profitability | ||
Net Income | — | 1,181 |
Return on Average Assets | — | .758 |
Return on Average Equity | — | 6.962 |
Net Interest Margin | .244 | 3.188 |
Efficiency Ratio | — | 102.285 |
Noninterest Income/Revenue | 59.539 | |
Balance Sheet Ratios | ||
Loan-to-Deposit | 40.861 | 80.537 |
Securities/Assets | .01 | .177 |
Total Equity/Total Assets | .02 | .085 |
Tangible Equity/Tangible Assets | .02 | -1.105 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 2,566 | 18,745 |
Tier 2 Capital | 1,119 | 2,266 |
Total Capital | 3,685 | 21,026 |
Total Risk Weighted Assets | 89,192 | 176,776 |
Leverage Ratio | 2.01 | 9.15 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 2.88 | 12.548 |
Total Capital Ratio | 4.13 | 13.784 |
Timeline for First Security National Bank
State Bank And Trust Company
First Security National Bank was acquired by State Bank And Trust Company 14 years
View Profile Dec 05 2009Southern Federal Savings Association Of Georgia
Acquisition: First Security National Bank acquired a new subsidiary, Southern Federal Savings Association Of Georgia, 30 years
View Profile Apr 23 1994First Security Corporation
First Security Corporation became a new parent organization for First Security National Bank.
View Profile Jan 02 1990First Security National Bank
First Security National Bank was established 38 years ago and is currently headquartered in Norcross, GA.
Jun 25 1985Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
State Bank And Trust Company | Buyer | 3,600,606 | Failure | 12/5/2009 | |
Southern Federal Savings Association Of Georgia | Seller | 51,864 | Failure | 4/23/1994 |
Relationships | Role | Relationship Start | Relationship End |
First Security Corporation | Parent | 1/2/1990 | 12/4/2009 |
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