Fidelity Bank (Atlanta, GA) (merged into Ameris Bank)
Fidelity Bank (Atlanta, GA) reported total assets of $4.8 bn at Q2 2019, its last Call Report before it merged into Ameris Bank. The CET1 capital ratio at Fidelity Bank (Atlanta, GA) was 9.61%, and the uninsured share of Fidelity Bank (Atlanta, GA) was 31.97%. Source: FDIC Call Reports.
What sets Fidelity Bank (Atlanta, GA) apart
Nothing in the latest data sets Fidelity Bank (Atlanta, GA) apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is Fidelity Bank (Atlanta, GA)?
The balance sheet of Fidelity Bank (Atlanta, GA) at : assets $4.8 bn, deposits $4.1 bn, net loans $3.9 bn (loans equal to 95.26% of deposits). Securities make up 6.3% of total assets at Fidelity Bank (Atlanta, GA). Since , when Fidelity Bank (Atlanta, GA) held $4.1 bn, its assets grew 16.6%. In the year to , deposits at Fidelity Bank (Atlanta, GA) fell 0.2% while its total assets fell 2.4%. At , Fidelity Bank (Atlanta, GA) employed 1,206 full-time equivalent staff across 63 offices, about $4.0 mn of assets per employee and $64.7 mn of deposits per office.
How much funding at Fidelity Bank (Atlanta, GA) is uninsured?
At Fidelity Bank (Atlanta, GA), uninsured deposits (above the FDIC limit) made up 31.97% of domestic deposits at (+1.71 pp on a year earlier). In dollars, Fidelity Bank (Atlanta, GA) estimated $1.3 bn of uninsured deposits.
Key facts, Q2 2019
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $4.1 bn | $4.1 bn (Q2 2018) | |
| Net loans and leases | $3.9 bn | $4.2 bn (Q2 2018) | |
| Loan-to-deposit ratio | 95.26% | 102.96% (Q2 2018) | |
| Tier 1 leverage ratio | 8.64% | 7.93% (Q2 2018) | |
| Total risk-based capital ratio | 12.88% | 11.68% (Q2 2018) | |
| Net interest margin | 3.58% | 3.31% (Q2 2018) | |
| Return on assets (ROA) | -0.57% | 0.94% (Q2 2018) | |
| Efficiency ratio | 111.33% | 76.65% (Q2 2018) | |
| Unrealized gain/loss on held-to-maturity securities | Gain of $108,000 | Turned from a loss into a gain | |
| Unrealized gain/loss on available-for-sale securities | Gain of $9.1 mn | Turned from a loss into a gain | |
| Noncurrent loans to total loans | 1.78% | 1.56% (Q2 2018) | |
| Net charge-offs to average loans | 0.15% | 0.12% (Q2 2018) |
US rank of Fidelity Bank (Atlanta, GA): 1 = highest unless marked 1 = lowest.
Balance sheet
Fidelity Bank (Atlanta, GA): assets, deposits and loans
- Total assets $4.8bn
- Deposits $4.1bn
- Net loans $3.9bn
Capital and securities
The CET1 ratio of Fidelity Bank (Atlanta, GA) stood at 9.61% in , +1.05 pp year on year. Low and high at Fidelity Bank (Atlanta, GA) since : 8.41% () to 9.83% (). Equity capital of Fidelity Bank (Atlanta, GA) at : $442.0 mn, or 9.3% of total assets. Fidelity Bank (Atlanta, GA) also reported a total capital ratio of 12.88% for , and a tier 1 leverage ratio of 8.64%.
On held-to-maturity securities, Fidelity Bank (Atlanta, GA) carried an unrealized gain of $108,000 at , equal to 0.0% of equity capital. The gain turned from a loss into a gain over the year. Its deepest point: $717,000 in . The available-for-sale portfolio of Fidelity Bank (Atlanta, GA) showed an unrealized gain of $9.1 mn at ; the gain turned from a loss into a gain over the year.
Fidelity Bank (Atlanta, GA): capital ratios
- Total capital 13%
- CET1 9.6%
- Tier 1 leverage 8.6%
Fidelity Bank (Atlanta, GA): unrealized securities gains and losses
- Available for sale $9mn
- Held to maturity $108,000
Profitability and loan quality
For the year to , Fidelity Bank (Atlanta, GA) earned a return on equity of -5.88%; return on assets: -0.57%. Net interest margin at Fidelity Bank (Atlanta, GA): 3.58%, +0.27 pp in a year. Fidelity Bank (Atlanta, GA) net income: -$13.6 mn, down 160.6% year on year. The efficiency ratio of Fidelity Bank (Atlanta, GA) was 111.33%: about 111 cents cost per revenue dollar, against 60 cents at the median peer.
At , noncurrent loans were 1.78% of total loans at Fidelity Bank (Atlanta, GA); net charge-offs: 0.15% of average loans. Gross loans and leases at Fidelity Bank (Atlanta, GA): $3.9 bn at , against $4.2 bn at .
Fidelity Bank (Atlanta, GA): profitability
- Return on equity -5.9%
- Net interest margin 3.6%
- Return on assets -0.6%
Peer group of Fidelity Bank (Atlanta, GA)
The peer group of Fidelity 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 Fidelity Bank (Atlanta, GA) (state nonmember bank) and 0 have head offices in Georgia. Against them, Fidelity Bank (Atlanta, GA) shows CET1 ratio 9.61% against a peer median of 11.86%, return on equity -5.88% against a peer median of 9.07% and uninsured deposit share 31.97% against a peer median of 32.31%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Peapack Private Bank & Trust | State member bank | NJ | $4.9 bn | 13.79% | 9.15% | 19.82% | |
| Beacon Bank and Trust | State member bank | MA | $4.8 bn | 11.70% | 12.01% | 32.12% | |
| Stellar Bank | State member bank | TX | $4.8 bn | 12.02% | 7.79% | 50.10% | |
| Fidelity Bank | State nonmember bank | GA | $4.8 bn | 9.61% | -5.88% | 31.97% | |
| Northfield Bank | Federal savings bank | NY | $4.8 bn | 14.69% | 5.41% | 27.11% | |
| TBK BANK, SSB | State-chartered stock savings bank | TX | $4.8 bn | 11.59% | 8.99% | 33.07% | |
| Centier Bank | State nonmember bank | IN | $4.7 bn | 10.97% | 14.24% | 32.50% | |
. FDIC Call Reports.
Last eight quarters
Two years at Fidelity Bank (Atlanta, GA), to : assets $4.5 bn to $4.8 bn, deposits $3.9 bn to $4.1 bn, equity $412.8 mn to $442.0 mn. Staff 1,377 to 1,206; offices 66 to 63.
| Metric | Q3 2017 | Q4 2017 | Q1 2018 | Q2 2018 | Q3 2018 | Q4 2018 | Q1 2019 | Q2 2019 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $4.5 bn | $4.6 bn | $4.8 bn | $4.9 bn | $4.8 bn | $4.7 bn | $4.8 bn | $4.8 bn |
| Total deposits | $3.9 bn | $3.9 bn | $3.9 bn | $4.1 bn | $4.1 bn | $4.0 bn | $4.0 bn | $4.1 bn |
| Bank equity capital | $412.8 mn | $423.0 mn | $432.4 mn | $440.7 mn | $454.2 mn | $468.6 mn | $475.3 mn | $442.0 mn |
| CET1 ratio | 9.33% | 9.03% | 8.57% | 8.56% | 9.33% | 9.72% | 9.83% | 9.61% |
| Return on equity (ROE) | 9.33% | 10.19% | 11.19% | 10.37% | 10.89% | 10.42% | 5.74% | -5.88% |
| Uninsured share of domestic deposits | 28.10% | 29.82% | 29.42% | 30.27% | 30.38% | 29.74% | 28.10% | 31.97% |
| Full-time equivalent employees | 1,377 | 1,394 | 1,425 | 1,418 | 1,414 | 1,407 | 1,321 | 1,206 |
| Number of offices | 66 | 67 | 69 | 69 | 70 | 70 | 71 | 63 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Fidelity Bank (Atlanta, GA), oldest first; figures before and after each event are not like for like.
- . Acquired the failed The Bank of Georgia from the FDIC as receiver (FDIC certificate 35259).
- . Absorbed American Enterprise Bank of Florida (FDIC certificate 57709).
- . Merged into Ameris Bank (FDIC certificate 20504).
Questions and identifiers
What were the total assets of Fidelity Bank (Atlanta, GA)?
Fidelity Bank (Atlanta, GA) reported $4.8 bn at in its Call Report.
Is Fidelity Bank (Atlanta, GA) the same as its holding company?
No. This page covers Fidelity Bank (Atlanta, GA), FDIC certificate 21440; FIDELITY SOUTHERN CORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Fidelity Bank (Atlanta, GA) profitable?
Fidelity Bank (Atlanta, GA) reported net income of -$13.6 mn for the year to ; annualized return on equity: -5.88%. So no: Fidelity Bank (Atlanta, GA) made a loss over these months.
When is data for Fidelity Bank (Atlanta, GA) next updated?
Fidelity Bank (Atlanta, GA) no longer files Call Reports; its data ends at .
Where can I check the figures for Fidelity Bank (Atlanta, GA)?
In the FDIC BankFind Suite record for certificate 21440, and in the Call Reports of Fidelity Bank (Atlanta, GA) (RSSD ID 598534) at the FFIEC Central Data Repository.