FDIC Certificate #: 5682 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Citizens Bank (#15934) Federal Reserve ID: 980634 Date Established: March 01, 1929 WWW:http://www.adelbanking.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 12299 FDIC's unique #: 3867 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: October 05, 2005 Last Structure Change Process Date: October 14, 2005 Last Data Update: October 14, 2005 Data Source Date: April 05, 2012
Location
Address: 101 North Hutchinson Avenue, Adel, GA 31620 County: Cook Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Albany Ga Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast
Financial Summary
Total assets: $81.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2004)
Dollar figures in thousands
20Total employees (full-time equivalent)
$79,507Total assets
$10,509Cash and due from depository institutions
$8,000Interest-bearing balances
$17,172Securities
$4,404Federal funds sold & reverse repurchase agreements
$45,997Net loans & leases
$607Loan loss allowance
$0Trading account assets
$454Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$971All other assets
$79,507Total liabilities and capital
$70,679Total liabilities
$70,372Total deposits
$54,820Interest-bearing deposits
$70,372Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$307All other liabilities
$8,828Total equity capital
$8,828Total bank equity capital
$8,828Perpetual preferred stock
$0Common stock
$355Surplus
$2,645Undivided profits
Memoranda
$5,828Noncurrent loans and leases
$2,258Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$236Earning assets
$0Long-term assets (5+ years)
$475Average Assets, year-to-date
$75,573Average Assets, quarterly
$5,684Volatile liabilities
$77,844Insider loans
$80,222FHLB advances
$12,108Loans and leases held for sale
$3,114Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,258Total unused commitments
$0Restructured Loans and leases
$607Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$3,713Total interest income
$1,043Total interest expense
$2,670Net interest income
$0Provision for loan and lease losses
$579Total noninterest income
$0Fiduciary activities
$531Service charges on deposit accounts
$0Trading account gains & fees
$48Additional noninterest income
$1,869Total noninterest expense
$1,028Salaries and employee benefits
$231Premises and equipment expense
$610Additional noninterest expense
$1,380Pre-tax net operating income
$0Securities gains (losses)
$2Applicable income taxes
$1,378Income before extraordinary items
$0Extraordinary gains - net
$1,378Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$31Sale, conversion, retirement of capital stock, net
$922Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.08%Yield on earning assets
1.43%Cost of funding earning assets
3.65%Net interest margin
0.79%Noninterest income to earning assets
2.56%Noninterest expense to earning assets
1.77%Net operating income to assets
1.77%Return on assets (ROA)
1.77%Pretax return on assets
15.73%Return on equity (ROE)
5.21%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
44.52%Efficiency ratio
57,525Assets per employee
3.98%Cash dividends to net income (YTD only)
Condition Ratios (%)
66.91%Loss allowance to loans
1.30%Loss allowance to noncurrent loans
257.20%Noncurrent assets plus other real estate owned to assets
0.30%Noncurrent loans to loans
0.51%Net loans and leases to deposits
65.36%Net loans and leases to core deposits
78.95%Equity capital to assets
11.10%Core capital (leverage) ratio
10.91%Tier 1 risk-based capital ratio
15.68%Total risk-based capital ratio
Memoranda
$17Average assets
$77,844Average earning assets
$8,759Average equity
$73,132Average loans
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