Century South Bank of Fannin County, National Association in Blue Ridge, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 09, 2001

Century South Bank of Fannin County, National Association in Blue Ridge, Georgia (GA)
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Century South Bank of Fannin County, National Association - Overview

General
FDIC Certificate #: 4927
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Branch Banking and Trust Company (#9846)
Federal Reserve ID: 2203739
Date Established: January 01, 1908
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Interstate: No)
OTS Docket #: 9845
FDIC's unique #: 3271
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: January 01, 1934
Last Structure Change Effective Date: November 09, 2001
Last Structure Change Process Date: November 21, 2001
Last Data Update: November 21, 2001
Data Source Date: April 05, 2012
Location
Address: Depot And West First Streets, Blue Ridge, GA 30513
County: Fannin
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: $88.6 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, 2000)

Dollar figures in thousands
30Total employees (full-time equivalent)
$93,012Total assets
$1,702Cash and due from depository institutions
$122Interest-bearing balances
$22,273Securities
$16,430Federal funds sold & reverse repurchase agreements
$48,725Net loans & leases
$989Loan loss allowance
$0Trading account assets
$1,375Bank premises and fixed assets
$100Other real estate owned
$716Goodwill and other intangibles
$0Life insurance assets
$1,691All other assets
$93,012Total liabilities and capital
$85,328Total liabilities
$76,948Total deposits
$69,507Interest-bearing deposits
$76,948Deposits held in domestic offices
0.00%% insured (estimated)
$1,960Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,027Other borrowed funds
$0Subordinated debt
$393All other liabilities
$7,684Total equity capital
$7,684Total bank equity capital
$7,684Perpetual preferred stock
$0Common stock
$600Surplus
$1,200Undivided profits
Memoranda
$5,884Noncurrent loans and leases
$3,576Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,564Earning assets
$0Long-term assets (5+ years)
$462Average Assets, year-to-date
$87,550Average Assets, quarterly
$14,984Volatile liabilities
$85,672Insider loans
$93,544FHLB advances
$18,405Loans and leases held for sale
$1,940Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,576Total unused commitments
$0Restructured Loans and leases
$613Derivatives

Income and Expense (December 31, 2000)

Dollar figures in thousands
$6,945Total interest income
$3,289Total interest expense
$3,656Net interest income
$938Provision for loan and lease losses
$623Total noninterest income
$0Fiduciary activities
$346Service charges on deposit accounts
$0Trading account gains & fees
$277Additional noninterest income
$2,313Total noninterest expense
$1,011Salaries and employee benefits
$191Premises and equipment expense
$1,111Additional noninterest expense
$1,028Pre-tax net operating income
$0Securities gains (losses)
$323Applicable income taxes
$705Income before extraordinary items
$0Extraordinary gains - net
$705Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$531Sale, conversion, retirement of capital stock, net
$520Net operating income

Performance and Condition Ratios (December 31, 2000)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.69%Yield on earning assets
4.12%Cost of funding earning assets
4.58%Net interest margin
0.78%Noninterest income to earning assets
2.89%Noninterest expense to earning assets
0.82%Net operating income to assets
0.82%Return on assets (ROA)
1.20%Pretax return on assets
9.55%Return on equity (ROE)
2.51%Retained earnings to average equity (YTD only)
1.03%Net charge-offs to loans
176.98%Credit loss provision to net charge-offs
3.70%Efficiency ratio
52,208Assets per employee
3.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
73.76%Loss allowance to loans
1.99%Loss allowance to noncurrent loans
63.24%Noncurrent assets plus other real estate owned to assets
1.79%Noncurrent loans to loans
3.15%Net loans and leases to deposits
63.32%Net loans and leases to core deposits
73.27%Equity capital to assets
8.26%Core capital (leverage) ratio
7.41%Tier 1 risk-based capital ratio
14.14%Total risk-based capital ratio
Memoranda
$15Average assets
$85,672Average earning assets
$7,378Average equity
$79,903Average loans

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