FDIC Certificate #: 23684 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Appalachian Community Bank (#33989) Federal Reserve ID: 198934 Date Established: January 04, 1982 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 13130 FDIC's unique #: 16570 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 04, 1982 Last Structure Change Effective Date: August 13, 2001 Last Structure Change Process Date: September 20, 2001 Last Data Update: September 20, 2001 Data Source Date: April 05, 2012
Location
Address: 236 Highway 515, Blairsville, GA 30512 County: Union 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
Financial Summary
Total assets: $83.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
24Total employees (full-time equivalent)
$77,903Total assets
$1,380Cash and due from depository institutions
$0Interest-bearing balances
$10,753Securities
$1,505Federal funds sold & reverse repurchase agreements
$58,945Net loans & leases
$652Loan loss allowance
$0Trading account assets
$2,284Bank premises and fixed assets
$33Other real estate owned
$2,110Goodwill and other intangibles
$0Life insurance assets
$893All other assets
$77,903Total liabilities and capital
$69,236Total liabilities
$60,221Total deposits
$56,093Interest-bearing deposits
$60,221Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$8,200Other borrowed funds
$0Subordinated debt
$815All other liabilities
$8,667Total equity capital
$8,667Total bank equity capital
$8,667Perpetual preferred stock
$0Common stock
$938Surplus
$7,163Undivided profits
Memoranda
$566Noncurrent loans and leases
$3,950Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$59Earning assets
$0Long-term assets (5+ years)
$486Average Assets, year-to-date
$71,203Average Assets, quarterly
$9,126Volatile liabilities
$73,056Insider loans
$78,410FHLB advances
$14,089Loans and leases held for sale
$2,121Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,950Total unused commitments
$0Restructured Loans and leases
$652Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$6,094Total interest income
$3,395Total interest expense
$2,699Net interest income
$202Provision for loan and lease losses
$268Total noninterest income
$0Fiduciary activities
$157Service charges on deposit accounts
$0Trading account gains & fees
$111Additional noninterest income
$1,959Total noninterest expense
$850Salaries and employee benefits
$250Premises and equipment expense
$859Additional noninterest expense
$806Pre-tax net operating income
-$3Securities gains (losses)
$288Applicable income taxes
$515Income before extraordinary items
$0Extraordinary gains - net
$515Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$70Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.13%Yield on earning assets
5.09%Cost of funding earning assets
4.04%Net interest margin
0.40%Noninterest income to earning assets
2.94%Noninterest expense to earning assets
0.71%Net operating income to assets
0.70%Return on assets (ROA)
1.10%Pretax return on assets
6.91%Return on equity (ROE)
6.91%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
288.57%Credit loss provision to net charge-offs
14.40%Efficiency ratio
62,049Assets per employee
3.25%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.09%Loss allowance to noncurrent loans
1105.08%Noncurrent assets plus other real estate owned to assets
0.12%Noncurrent loans to loans
0.10%Net loans and leases to deposits
97.88%Net loans and leases to core deposits
117.11%Equity capital to assets
11.13%Core capital (leverage) ratio
8.56%Tier 1 risk-based capital ratio
10.42%Total risk-based capital ratio
Memoranda
$11Average assets
$73,056Average earning assets
$7,456Average equity
$66,746Average loans
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