FDIC Certificate #: 33989 Status: Inactive Closing history: Corrections Acquiring institution:Community & Southern Bank (#59010) Federal Reserve ID: 2280552 Date Established: March 03, 1995 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 10 (Interstate: No) OTS Docket #: 14445 FDIC's unique #: 55567 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: March 03, 1995 Last Structure Change Effective Date: March 19, 2010 Last Structure Change Process Date: March 22, 2010 Last Data Update: March 22, 2010 Data Source Date: April 05, 2012
Location
Address: 829 Industrial Boulevard, Ellijay, GA 30540 County: Gilmer 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
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $1,010.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
209Total employees (full-time equivalent)
$1,010,075Total assets
$110,685Cash and due from depository institutions
$102,822Interest-bearing balances
$55,532Securities
$10Federal funds sold & reverse repurchase agreements
$639,585Net loans & leases
$23,763Loan loss allowance
$0Trading account assets
$35,957Bank premises and fixed assets
$133,451Other real estate owned
$0Goodwill and other intangibles
$9,379Life insurance assets
$34,855All other assets
$1,010,075Total liabilities and capital
$992,108Total liabilities
$917,575Total deposits
$864,028Interest-bearing deposits
$917,575Deposits held in domestic offices
85.78%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$67,000Other borrowed funds
$2,225Subordinated debt
$5,308All other liabilities
$17,967Total equity capital
$17,967Total bank equity capital
$17,967Perpetual preferred stock
$0Common stock
$2,840Surplus
$72,581Undivided profits
Memoranda
$-57,454Noncurrent loans and leases
$35,204Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$100,755Earning assets
$0Long-term assets (5+ years)
$5,055Average Assets, year-to-date
$797,949Average Assets, quarterly
$72,251Volatile liabilities
$1,081,473Insider loans
$1,035,400FHLB advances
$308,284Loans and leases held for sale
$37,646Unused loan commitments
$67,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$35,204Total unused commitments
$24,614Restructured Loans and leases
$12,265Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$45,088Total interest income
$28,459Total interest expense
$16,629Net interest income
$51,669Provision for loan and lease losses
$2,004Total noninterest income
$0Fiduciary activities
$2,146Service charges on deposit accounts
$0Trading account gains & fees
-$142Additional noninterest income
$32,055Total noninterest expense
$12,691Salaries and employee benefits
$3,450Premises and equipment expense
$15,914Additional noninterest expense
-$65,091Pre-tax net operating income
$1,270Securities gains (losses)
-$4,475Applicable income taxes
-$59,346Income before extraordinary items
$0Extraordinary gains - net
-$59,346Net income attributable to bank
$0Net charge-offs
-$59,346Cash dividends
$41,500Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.80%Yield on earning assets
3.03%Cost of funding earning assets
1.77%Net interest margin
0.21%Noninterest income to earning assets
3.41%Noninterest expense to earning assets
-5.60%Net operating income to assets
-5.49%Return on assets (ROA)
-5.90%Pretax return on assets
-129.42%Return on equity (ROE)
-129.42%Retained earnings to average equity (YTD only)
5.46%Net charge-offs to loans
124.50%Credit loss provision to net charge-offs
-0.32%Efficiency ratio
161,257Assets per employee
4.83%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.58%Loss allowance to noncurrent loans
23.58%Noncurrent assets plus other real estate owned to assets
23.19%Noncurrent loans to loans
15.19%Net loans and leases to deposits
69.70%Net loans and leases to core deposits
103.28%Equity capital to assets
1.78%Core capital (leverage) ratio
1.73%Tier 1 risk-based capital ratio
2.26%Total risk-based capital ratio
Memoranda
$4Average assets
$1,081,473Average earning assets
$45,857Average equity
$938,678Average loans
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