FDIC Certificate #: 58197 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Community & Southern Bank (#59010) Federal Reserve ID: 3437139 Date Established: April 03, 2006 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 441885 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: April 03, 2006 Last Structure Change Effective Date: September 17, 2010 Last Structure Change Process Date: September 20, 2010 Last Data Update: September 20, 2010 Data Source Date: April 05, 2012
Location
Address: 134 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
Financial Summary
Total assets: $168.8 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
27Total employees (full-time equivalent)
$173,880Total assets
$10,001Cash and due from depository institutions
$9,617Interest-bearing balances
$18,462Securities
$1,850Federal funds sold & reverse repurchase agreements
$127,289Net loans & leases
$2,067Loan loss allowance
$0Trading account assets
$8,154Bank premises and fixed assets
$6,236Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,888All other assets
$173,880Total liabilities and capital
$166,244Total liabilities
$159,215Total deposits
$155,231Interest-bearing deposits
$159,215Deposits held in domestic offices
94.78%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,600Other borrowed funds
$0Subordinated debt
$429All other liabilities
$7,636Total equity capital
$7,636Total bank equity capital
$7,636Perpetual preferred stock
$1,433Common stock
$3,184Surplus
$14,289Undivided profits
Memoranda
$-11,270Noncurrent loans and leases
$4,529Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$23,452Earning assets
$0Long-term assets (5+ years)
$1,057Average Assets, year-to-date
$157,218Average Assets, quarterly
$22,525Volatile liabilities
$176,890Insider loans
$176,912FHLB advances
$49,774Loans and leases held for sale
$3,773Unused loan commitments
$6,600Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,529Total unused commitments
$6,907Restructured Loans and leases
$1,710Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$7,734Total interest income
$5,387Total interest expense
$2,347Net interest income
$3,879Provision for loan and lease losses
-$400Total noninterest income
$0Fiduciary activities
$110Service charges on deposit accounts
$0Trading account gains & fees
-$510Additional noninterest income
$4,305Total noninterest expense
$1,913Salaries and employee benefits
$614Premises and equipment expense
$1,778Additional noninterest expense
-$6,237Pre-tax net operating income
$398Securities gains (losses)
$0Applicable income taxes
-$5,839Income before extraordinary items
-$1,813Extraordinary gains - net
-$7,652Net income attributable to bank
$0Net charge-offs
-$7,652Cash dividends
$4,590Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.88%Yield on earning assets
3.40%Cost of funding earning assets
1.48%Net interest margin
-0.25%Noninterest income to earning assets
2.72%Noninterest expense to earning assets
-3.53%Net operating income to assets
-4.33%Return on assets (ROA)
-4.33%Pretax return on assets
-59.34%Return on equity (ROE)
-59.34%Retained earnings to average equity (YTD only)
3.37%Net charge-offs to loans
84.51%Credit loss provision to net charge-offs
-0.51%Efficiency ratio
221,109Assets per employee
6.44%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.60%Loss allowance to noncurrent loans
8.81%Noncurrent assets plus other real estate owned to assets
17.07%Noncurrent loans to loans
18.13%Net loans and leases to deposits
79.95%Net loans and leases to core deposits
113.97%Equity capital to assets
4.39%Core capital (leverage) ratio
4.53%Tier 1 risk-based capital ratio
5.85%Total risk-based capital ratio
Memoranda
$7Average assets
$176,890Average earning assets
$12,895Average equity
$158,425Average loans
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