FDIC Certificate #: 34963 Status: Inactive Federal Reserve ID: 2808723 Date Established: May 03, 1999 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 62137 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: May 03, 1999 Last Structure Change Effective Date: January 31, 2006 Last Structure Change Process Date: March 09, 2006 Last Data Update: March 09, 2006 Data Source Date: April 05, 2012
Location
Address: 2100 Riverside Parkway, Suite 124, Lawrenceville, GA 30043 County: Gwinnett 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 Metropolitan Statistical Area (MSA): Atlanta, GA (#520) Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122) Core Based Statistical Area (CBSA): Atlanta-Sandy Springs-Marietta, GA (#12060) CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
History of Changes
Other Liquidations and Closings
Change in Insurance Status
Financial Summary
Total assets: $12.9 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2005)
Dollar figures in thousands
3Total employees (full-time equivalent)
$12,940Total assets
$8,767Cash and due from depository institutions
$8,767Interest-bearing balances
$488Securities
$0Federal funds sold & reverse repurchase agreements
$3,568Net loans & leases
$0Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$117All other assets
$12,940Total liabilities and capital
$9,852Total liabilities
$6,000Total deposits
$500Interest-bearing deposits
$6,000Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$3,852All other liabilities
$3,088Total equity capital
$3,088Total bank equity capital
$3,088Perpetual preferred stock
$0Common stock
$1,000Surplus
$1,807Undivided profits
Memoranda
$281Noncurrent loans and leases
$6,521,881Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$0Average Assets, year-to-date
$12,823Average Assets, quarterly
$445Volatile liabilities
$10,377Insider loans
$10,485FHLB advances
$500Loans and leases held for sale
$85Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,521,881Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$113Total interest income
$27Total interest expense
$86Net interest income
$0Provision for loan and lease losses
$660Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$660Additional noninterest income
$295Total noninterest expense
$117Salaries and employee benefits
$0Premises and equipment expense
$178Additional noninterest expense
$451Pre-tax net operating income
$0Securities gains (losses)
$170Applicable income taxes
$281Income before extraordinary items
$0Extraordinary gains - net
$281Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
1.25%Yield on earning assets
0.30%Cost of funding earning assets
0.95%Net interest margin
7.29%Noninterest income to earning assets
3.26%Noninterest expense to earning assets
2.71%Net operating income to assets
2.71%Return on assets (ROA)
4.35%Pretax return on assets
9.60%Return on equity (ROE)
9.60%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
39,544Assets per employee
4.31%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
59.47%Net loans and leases to core deposits
64.87%Equity capital to assets
23.86%Core capital (leverage) ratio
41.99%Tier 1 risk-based capital ratio
52.11%Total risk-based capital ratio
Memoranda
$52Average assets
$10,377Average earning assets
$2,926Average equity
$9,051Average loans
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