FDIC Certificate #: 157 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:FLAG Bank (#186) Federal Reserve ID: 612234 Date Established: December 01, 1906 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 123 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: January 01, 1999 Last Structure Change Process Date: April 30, 1999 Last Data Update: April 30, 1999 Data Source Date: April 05, 2012
Location
Address: Mount Zion Street, Milan, GA 31060 County: Telfair 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: $41.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
16Total employees (full-time equivalent)
$41,439Total assets
$1,181Cash and due from depository institutions
$0Interest-bearing balances
$4,353Securities
$3,240Federal funds sold & reverse repurchase agreements
$31,258Net loans & leases
$512Loan loss allowance
$0Trading account assets
$514Bank premises and fixed assets
$194Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$699All other assets
$41,439Total liabilities and capital
$37,408Total liabilities
$37,006Total deposits
$30,890Interest-bearing deposits
$37,006Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$402All other liabilities
$4,031Total equity capital
$4,031Total bank equity capital
$4,031Perpetual preferred stock
$0Common stock
$200Surplus
$2,400Undivided profits
Memoranda
$1,431Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$92Earning assets
$0Long-term assets (5+ years)
$635Average Assets, year-to-date
$38,851Average Assets, quarterly
$1,323Volatile liabilities
$37,023Insider loans
$39,268FHLB advances
$8,527Loans and leases held for sale
$171Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$787Total unused commitments
$0Restructured Loans and leases
$32,315Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$3,771Total interest income
$1,485Total interest expense
$2,286Net interest income
$244Provision for loan and lease losses
$675Total noninterest income
$0Fiduciary activities
$230Service charges on deposit accounts
$0Trading account gains & fees
$445Additional noninterest income
$1,314Total noninterest expense
$741Salaries and employee benefits
$166Premises and equipment expense
$407Additional noninterest expense
$1,403Pre-tax net operating income
$0Securities gains (losses)
$479Applicable income taxes
$924Income before extraordinary items
$0Extraordinary gains - net
$924Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$11Sale, conversion, retirement of capital stock, net
$330Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
10.88%Yield on earning assets
4.28%Cost of funding earning assets
6.59%Net interest margin
1.95%Noninterest income to earning assets
3.79%Noninterest expense to earning assets
2.50%Net operating income to assets
2.50%Return on assets (ROA)
3.79%Pretax return on assets
24.67%Return on equity (ROE)
15.86%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
2218.18%Credit loss provision to net charge-offs
149.73%Efficiency ratio
44,377Assets per employee
2.59%Cash dividends to net income (YTD only)
Condition Ratios (%)
35.71%Loss allowance to loans
1.61%Loss allowance to noncurrent loans
556.52%Noncurrent assets plus other real estate owned to assets
0.69%Noncurrent loans to loans
0.29%Net loans and leases to deposits
84.47%Net loans and leases to core deposits
109.76%Equity capital to assets
9.73%Core capital (leverage) ratio
10.17%Tier 1 risk-based capital ratio
12.35%Total risk-based capital ratio
Memoranda
$14Average assets
$37,023Average earning assets
$3,745Average equity
$34,676Average loans
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