FDIC Certificate #: 29330 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Park Avenue Bank (#19797) Federal Reserve ID: 68372 Date Established: January 01, 1934 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 3292 FDIC's unique #: 42164 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) Insured commercial Banks: Yes FDIC Insured: Yes SAIF Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 25, 1935 Last Structure Change Effective Date: March 09, 2002 Last Structure Change Process Date: March 15, 2002 Last Data Update: March 15, 2002 Data Source Date: April 05, 2012
Location
Address: 198 East Parker Street, Baxley, GA 31513 County: Appling 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: $118.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
29Total employees (full-time equivalent)
$118,137Total assets
$15,610Cash and due from depository institutions
$14,803Interest-bearing balances
$5,317Securities
$1,750Federal funds sold & reverse repurchase agreements
$91,178Net loans & leases
$1,121Loan loss allowance
$0Trading account assets
$1,358Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,924All other assets
$118,137Total liabilities and capital
$107,540Total liabilities
$96,443Total deposits
$92,459Interest-bearing deposits
$96,443Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$10,096Other borrowed funds
$0Subordinated debt
$1,001All other liabilities
$10,597Total equity capital
$10,597Total bank equity capital
$10,597Perpetual preferred stock
$0Common stock
$2,206Surplus
$3,080Undivided profits
Memoranda
$5,311Noncurrent loans and leases
$2,800Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,214Earning assets
$0Long-term assets (5+ years)
$662Average Assets, year-to-date
$113,048Average Assets, quarterly
$27,047Volatile liabilities
$121,792Insider loans
$120,892FHLB advances
$26,312Loans and leases held for sale
$230Unused loan commitments
$10,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,800Total unused commitments
$0Restructured Loans and leases
$807Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$9,038Total interest income
$6,079Total interest expense
$2,959Net interest income
$70Provision for loan and lease losses
$542Total noninterest income
$0Fiduciary activities
$411Service charges on deposit accounts
$0Trading account gains & fees
$131Additional noninterest income
$2,039Total noninterest expense
$1,073Salaries and employee benefits
$257Premises and equipment expense
$709Additional noninterest expense
$1,392Pre-tax net operating income
$1,739Securities gains (losses)
$1,120Applicable income taxes
$2,011Income before extraordinary items
$0Extraordinary gains - net
$2,011Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$44Sale, conversion, retirement of capital stock, net
$499Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.74%Yield on earning assets
5.21%Cost of funding earning assets
2.53%Net interest margin
0.46%Noninterest income to earning assets
1.75%Noninterest expense to earning assets
0.74%Net operating income to assets
1.65%Return on assets (ROA)
2.57%Pretax return on assets
19.22%Return on equity (ROE)
14.45%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
159.09%Credit loss provision to net charge-offs
33.23%Efficiency ratio
58,241Assets per employee
4.07%Cash dividends to net income (YTD only)
Condition Ratios (%)
24.81%Loss allowance to loans
1.21%Loss allowance to noncurrent loans
92.34%Noncurrent assets plus other real estate owned to assets
1.03%Noncurrent loans to loans
1.32%Net loans and leases to deposits
94.54%Net loans and leases to core deposits
129.83%Equity capital to assets
8.97%Core capital (leverage) ratio
8.60%Tier 1 risk-based capital ratio
16.54%Total risk-based capital ratio
Memoranda
$18Average assets
$121,792Average earning assets
$10,463Average equity
$116,756Average loans
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