The Graveyard › Banks › 2009
Security Bank of North Metro
Woodstock, GA · failed July 24, 2009 · FDIC certificate 57105
Security Bank of North Metro of Woodstock, GA failed on July 24, 2009. It opened on May 20, 2002, 7 years before. At its last report before that it held $184.2 million in assets and $182.4 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2008, it held $243.5 million. The FDIC estimates that the Deposit Insurance Fund lost $102.0 million on it.
2002-062009-06
Assets at the end$184.2 millionlast report before July 24, 2009
Deposits at the end$182.4 million
Estimated loss to the fund$102.0 millionDIF
Largest in the quarterly reports$243.5 millionSeptember 30, 2008
Equity to assets-2.9%June 30, 2009
Loans not being repaid28.0%noncurrent, June 30, 2009
Return on assets-14.09%a year's rate, June 30, 2009
Staff22full time, June 30, 2009
Also ended in 2009
- Bank of America N.A. · Charlotte · $1.47 trillion in assets · assisted
- FIA Card Services N.A. · Wilmington · $159.6 billion in assets · assisted
- Countrywide Bank, FSB · Alexandria · $118.0 billion in assets · assisted
- Merrill Lynch Bank USA · Salt Lake City · $61.8 billion in assets · assisted
- Merrill Lynch Bank & Trust Co., FSB · New York · $38.0 billion in assets · assisted
- Bank of America Rhode Island N.A. · Providence · $35.4 billion in assets · assisted
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.