Freedom Bank Of Georgia
Commerce, GA — Non-member Bank
Acquired Mar 2009
Vitals
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Total Assets172.5M 17.2 %
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Total Deposits159.0M 37.4 %
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Total Net Loans101.6M -12.9 %
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Net Income
-
Book Value4.6M -62.1 %
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Book Value x29.2M -62.1 %
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Book Value x313.9M -62.1 %
Balance Sheet Highlights
Financial Highlights | Freedom Bank Of Georgia | All Insured Commercial Banks in Georgia |
Balance Sheet $(000) | ||
Total Assets | 172,454 | 230,112 |
Total Net Loans | 101,613 | 170,121 |
Total Deposits | 159,048 | 191,677 |
Total Equity | 4,620 | 20,915 |
Profitability | ||
Net Income | — | 8,994 |
Return on Average Assets | — | .918 |
Return on Average Equity | — | 8.392 |
Net Interest Margin | 1.754 | 3.451 |
Efficiency Ratio | 178.112 | 92.806 |
Noninterest Income/Revenue | 2.945 | 51.932 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 63.888 | 85.577 |
Securities/Assets | .126 | .189 |
Total Equity/Total Assets | .027 | .091 |
Tangible Equity/Tangible Assets | .027 | -.914 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 4,316 | 19,808 |
Tier 2 Capital | 1,607 | 2,459 |
Total Capital | 5,923 | 22,155 |
Total Risk Weighted Assets | 125,607 | 181,303 |
Leverage Ratio | 2.73 | 9.671 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 3.44 | 12.726 |
Total Capital Ratio | 4.72 | 13.958 |
Timeline for Freedom Bank Of Georgia
Northeast Georgia Bank
Freedom Bank Of Georgia was acquired by Northeast Georgia Bank 15 years
View Profile Mar 07 2009Freedom Bank Of Georgia
Freedom Bank Of Georgia was established 20 years ago and is currently headquartered in Commerce, GA.
Feb 17 2004Freedom Bancshares, Inc.
Freedom Bancshares, Inc. became a new parent organization for Freedom Bank Of Georgia.
View Profile Feb 17 2004Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Northeast Georgia Bank | Buyer | 449,382 | Failure | 3/7/2009 |
Relationships | Role | Relationship Start | Relationship End |
Freedom Bancshares, Inc. | Parent | 2/17/2004 | 3/6/2009 |
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