FDIC Certificate #: 57794 Status: Inactive Closing history: Corrections Acquiring institution:Ameris Bank (#20504) Federal Reserve ID: 3311181 Date Established: December 20, 2004 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 425132 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: December 20, 2004 Last Structure Change Effective Date: October 23, 2009 Last Structure Change Process Date: October 26, 2009 Last Data Update: October 26, 2009 Data Source Date: April 05, 2012
Location
Address: 1888 Old Norcross Road, Lawrenceville, GA 30044 County: Gwinnett Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Atlanta Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Atlanta, GA (#520) Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122) Core Based Statistical Area (CBSA): Atlanta-Sandy Springs-Marietta, GA (#12060) CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $110.1 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
16Total employees (full-time equivalent)
$118,737Total assets
$3,247Cash and due from depository institutions
$0Interest-bearing balances
$19,335Securities
$2,108Federal funds sold & reverse repurchase agreements
$87,677Net loans & leases
$2,697Loan loss allowance
$0Trading account assets
$4,273Bank premises and fixed assets
$888Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,209All other assets
$118,737Total liabilities and capital
$111,027Total liabilities
$103,710Total deposits
$101,207Interest-bearing deposits
$103,710Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,000Other borrowed funds
$0Subordinated debt
$317All other liabilities
$7,710Total equity capital
$7,710Total bank equity capital
$7,710Perpetual preferred stock
$0Common stock
$5,187Surplus
$5,200Undivided profits
Memoranda
$-2,677Noncurrent loans and leases
$11,488Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$7,152Earning assets
$0Long-term assets (5+ years)
$542Average Assets, year-to-date
$109,120Average Assets, quarterly
$16,798Volatile liabilities
$110,118Insider loans
$118,491FHLB advances
$20,552Loans and leases held for sale
$0Unused loan commitments
$7,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,488Total unused commitments
$0Restructured Loans and leases
$1,215Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$6,270Total interest income
$4,487Total interest expense
$1,783Net interest income
$1,770Provision for loan and lease losses
$154Total noninterest income
$0Fiduciary activities
$23Service charges on deposit accounts
$0Trading account gains & fees
$131Additional noninterest income
$2,459Total noninterest expense
$1,411Salaries and employee benefits
$312Premises and equipment expense
$736Additional noninterest expense
-$2,292Pre-tax net operating income
$109Securities gains (losses)
$0Applicable income taxes
-$2,183Income before extraordinary items
$0Extraordinary gains - net
-$2,183Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$214Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.10%Yield on earning assets
4.37%Cost of funding earning assets
1.74%Net interest margin
0.15%Noninterest income to earning assets
2.39%Noninterest expense to earning assets
-2.08%Net operating income to assets
-1.98%Return on assets (ROA)
-1.98%Pretax return on assets
-24.50%Return on equity (ROE)
-24.50%Retained earnings to average equity (YTD only)
0.27%Net charge-offs to loans
827.10%Credit loss provision to net charge-offs
-2.44%Efficiency ratio
126,949Assets per employee
7.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.98%Loss allowance to noncurrent loans
37.71%Noncurrent assets plus other real estate owned to assets
6.77%Noncurrent loans to loans
7.91%Net loans and leases to deposits
84.54%Net loans and leases to core deposits
105.43%Equity capital to assets
6.49%Core capital (leverage) ratio
6.05%Tier 1 risk-based capital ratio
7.68%Total risk-based capital ratio
Memoranda
$9Average assets
$110,118Average earning assets
$8,910Average equity
$102,721Average loans
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