Cadence Bank (Atlanta, GA) (merged into BancorpSouth Bank)
Cadence Bank (Atlanta, GA) reported total assets of $19.7 bn at Q3 2021, its last Call Report before it merged into BancorpSouth Bank. The CET1 capital ratio at Cadence Bank (Atlanta, GA) was 14.12%, and the uninsured share of Cadence Bank (Atlanta, GA) was 61.37%. Source: FDIC Call Reports.
Key takeaways
- Since , Cadence Bank (Atlanta, GA) has taken over one institution; the latest was State Bank and Trust Company on (FDIC Call Reports).
What sets Cadence Bank (Atlanta, GA) apart
How large is Cadence Bank (Atlanta, GA)?
The balance sheet of Cadence Bank (Atlanta, GA) at : assets $19.7 bn, deposits $17.3 bn, net loans $11.4 bn (loans equal to 65.65% of deposits). Securities make up 20.3% of total assets at Cadence Bank (Atlanta, GA). Since , when Cadence Bank (Atlanta, GA) held $9.0 bn, its assets grew 119.8%. In the year to , deposits at Cadence Bank (Atlanta, GA) rose 8.4% while its total assets rose 7.3%. At , Cadence Bank (Atlanta, GA) employed 1,803 full-time equivalent staff across 105 offices, about $10.9 mn of assets per employee and $164.7 mn of deposits per office.
How much funding at Cadence Bank (Atlanta, GA) is uninsured?
At Cadence Bank (Atlanta, GA), uninsured deposits (above the FDIC limit) made up 61.37% of domestic deposits at (+3.77 pp on a year earlier). In dollars, Cadence Bank (Atlanta, GA) estimated $10.6 bn of uninsured deposits.
Key facts, Q3 2021
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $17.3 bn | $16.0 bn (Q3 2020) | |
| Net loans and leases | $11.4 bn | $13.1 bn (Q3 2020) | |
| Loan-to-deposit ratio | 65.65% | 82.33% (Q3 2020) | |
| Tier 1 leverage ratio | 11.27% | 10.33% (Q3 2020) | |
| Total risk-based capital ratio | 15.51% | 13.96% (Q3 2020) | |
| Net interest margin | 3.18% | 3.76% (Q3 2020) | |
| Return on assets (ROA) | 2.13% | -2.93% (Q3 2020) | |
| Efficiency ratio | 54.71% | 45.36% (Q3 2020) | |
| Unrealized gain/loss on available-for-sale securities | Loss of $10.2 mn | Turned from a gain into a loss | |
| Noncurrent loans to total loans | 0.90% | 1.45% (Q3 2020) | |
| Net charge-offs to average loans | 0.22% | 0.84% (Q3 2020) |
US rank of Cadence Bank (Atlanta, GA): 1 = highest unless marked 1 = lowest.
Balance sheet
Cadence Bank (Atlanta, GA): assets, deposits and loans
- Total assets $19.7bn
- Deposits $17.3bn
- Net loans $11.4bn
Capital and securities
The CET1 ratio of Cadence Bank (Atlanta, GA) stood at 14.12% in , +1.92 pp year on year. Low and high at Cadence Bank (Atlanta, GA) since : 10.72% () to 14.67% (). Equity capital of Cadence Bank (Atlanta, GA) at : $2.2 bn, or 11.0% of total assets. Cadence Bank (Atlanta, GA) also reported a total capital ratio of 15.51% for , and a tier 1 leverage ratio of 11.27%.
The available-for-sale portfolio of Cadence Bank (Atlanta, GA) showed an unrealized loss of $10.2 mn at ; the loss turned from a gain into a loss over the year.
Cadence Bank (Atlanta, GA): capital ratios
- Total capital 16%
- CET1 14%
- Tier 1 leverage 11%
Cadence Bank (Atlanta, GA): unrealized securities gains and losses
- Available for sale -$10mn
- Held to maturity $0
Profitability and loan quality
For the year to , Cadence Bank (Atlanta, GA) earned a return on equity of 18.62%; return on assets: 2.13%. Net interest margin at Cadence Bank (Atlanta, GA): 3.18%, -0.57 pp in a year. Cadence Bank (Atlanta, GA) net income: $303.9 mn, down 176.6% year on year. The efficiency ratio of Cadence Bank (Atlanta, GA) was 54.71%: about 55 cents cost per revenue dollar, against 54 cents at the median peer.
At , noncurrent loans were 0.90% of total loans at Cadence Bank (Atlanta, GA); net charge-offs: 0.22% of average loans. Gross loans and leases at Cadence Bank (Atlanta, GA): $11.6 bn at , against $13.5 bn at .
Cadence Bank (Atlanta, GA): profitability
- Return on equity 19%
- Net interest margin 3.2%
- Return on assets 2.1%
Peer group of Cadence Bank (Atlanta, GA)
The peer group of Cadence Bank (Atlanta, GA) is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of Cadence Bank (Atlanta, GA) (national bank) and 0 have head offices in Georgia. Against them, Cadence Bank (Atlanta, GA) shows CET1 ratio 14.12% against a peer median of 13.45%, return on equity 18.62% against a peer median of 11.06% and uninsured deposit share 61.37% against a peer median of 40.27%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| City National Bank of Florida | National bank | FL | $20.6 bn | 15.00% | 11.26% | 69.28% | |
| Atlantic Union Bank | State member bank | VA | $19.9 bn | 13.28% | 10.25% | 39.60% | |
| Cathay Bank | State nonmember bank | CA | $19.8 bn | 13.73% | 12.20% | 49.14% | |
| Cadence Bank | National bank | GA | $19.7 bn | 14.12% | 18.62% | 61.37% | |
| WaFd Bank | State nonmember bank | WA | $19.6 bn | 11.28% | 9.32% | 31.36% | |
| United Community Bank | State member bank | SC | $19.4 bn | 13.62% | 14.66% | 40.95% | |
| First Interstate Bank | State member bank | MT | $19.3 bn | 11.68% | 10.87% | 35.36% | |
. FDIC Call Reports.
Last eight quarters
Two years at Cadence Bank (Atlanta, GA), to : assets $17.8 bn to $19.7 bn, deposits $14.8 bn to $17.3 bn, equity $2.6 bn to $2.2 bn. Staff 1,849 to 1,803; offices 103 to 105.
| Metric | Q4 2019 | Q1 2020 | Q2 2020 | Q3 2020 | Q4 2020 | Q1 2021 | Q2 2021 | Q3 2021 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $17.8 bn | $17.2 bn | $18.9 bn | $18.4 bn | $18.7 bn | $18.8 bn | $18.7 bn | $19.7 bn |
| Total deposits | $14.8 bn | $14.6 bn | $16.2 bn | $16.0 bn | $16.2 bn | $16.3 bn | $16.1 bn | $17.3 bn |
| Bank equity capital | $2.6 bn | $2.2 bn | $2.1 bn | $2.1 bn | $2.2 bn | $2.1 bn | $2.2 bn | $2.2 bn |
| CET1 ratio | 12.29% | 11.76% | 11.90% | 12.20% | 14.11% | 13.99% | 14.67% | 14.12% |
| Return on equity (ROE) | 9.43% | -65.57% | -38.66% | -23.21% | -8.55% | 20.47% | 20.02% | 18.62% |
| Uninsured share of domestic deposits | 51.46% | 51.30% | 54.77% | 57.59% | 58.50% | 59.95% | 58.63% | 61.37% |
| Full-time equivalent employees | 1,849 | 1,843 | 1,794 | 1,787 | 1,808 | 1,795 | 1,816 | 1,803 |
| Number of offices | 103 | 103 | 103 | 105 | 104 | 104 | 105 | 105 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Cadence Bank (Atlanta, GA), oldest first; figures before and after each event are not like for like.
- . Absorbed State Bank and Trust Company (FDIC certificate 57870).
- . Merged into BancorpSouth Bank (FDIC certificate 11813).
Large one-quarter moves at Cadence Bank (Atlanta, GA)
- Total assets at Cadence Bank (Atlanta, GA) changed by +37.2% in the quarter to 2019-03-31: Merger -Without Assistance; Participated in Absorbtion/Consolidation/Merger: acquired from State Bank and Trust Company.
Questions and identifiers
What were the total assets of Cadence Bank (Atlanta, GA)?
Cadence Bank (Atlanta, GA) reported $19.7 bn at in its Call Report.
Is Cadence Bank (Atlanta, GA) the same as its holding company?
No. This page covers Cadence Bank (Atlanta, GA), FDIC certificate 4999; CADENCE BCORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Cadence Bank (Atlanta, GA) profitable?
Cadence Bank (Atlanta, GA) reported net income of $303.9 mn for the year to ; annualized return on equity: 18.62%. So yes: Cadence Bank (Atlanta, GA) made a profit over these months.
When is data for Cadence Bank (Atlanta, GA) next updated?
Cadence Bank (Atlanta, GA) no longer files Call Reports; its data ends at .
Where can I check the figures for Cadence Bank (Atlanta, GA)?
In the FDIC BankFind Suite record for certificate 4999, and in the Call Reports of Cadence Bank (Atlanta, GA) (RSSD ID 4262534) at the FFIEC Central Data Repository.