FDIC Certificate #: 34578 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Bank of the Ozarks (#110) Federal Reserve ID: 2694430 Date Established: May 15, 1998 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 15419 FDIC's unique #: 60637 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: May 15, 1998 Last Structure Change Effective Date: December 17, 2010 Last Structure Change Process Date: December 20, 2010 Last Data Update: December 20, 2010 Data Source Date: April 05, 2012
Location
Address: 6639 Highway 53 East, Dawsonville, GA 30534 County: Dawson 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 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)
Financial Summary
Total assets: $244.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
59Total employees (full-time equivalent)
$270,266Total assets
$5,952Cash and due from depository institutions
$2,717Interest-bearing balances
$25,063Securities
$15,945Federal funds sold & reverse repurchase agreements
$186,364Net loans & leases
$5,987Loan loss allowance
$0Trading account assets
$6,264Bank premises and fixed assets
$23,440Other real estate owned
$0Goodwill and other intangibles
$2,536Life insurance assets
$7,238All other assets
$270,266Total liabilities and capital
$257,139Total liabilities
$253,981Total deposits
$237,980Interest-bearing deposits
$253,981Deposits held in domestic offices
94.68%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,750Other borrowed funds
$0Subordinated debt
$1,408All other liabilities
$13,127Total equity capital
$13,127Total bank equity capital
$13,127Perpetual preferred stock
$0Common stock
$4,750Surplus
$17,512Undivided profits
Memoranda
$-9,135Noncurrent loans and leases
$14,734Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$37,631Earning assets
$0Long-term assets (5+ years)
$650Average Assets, year-to-date
$230,089Average Assets, quarterly
$34,190Volatile liabilities
$279,902Insider loans
$280,607FHLB advances
$94,408Loans and leases held for sale
$4,132Unused loan commitments
$1,750Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$14,734Total unused commitments
$7,591Restructured Loans and leases
$2,865Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$11,071Total interest income
$8,086Total interest expense
$2,985Net interest income
$1,960Provision for loan and lease losses
-$1,207Total noninterest income
$0Fiduciary activities
$581Service charges on deposit accounts
$0Trading account gains & fees
-$1,788Additional noninterest income
$8,614Total noninterest expense
$3,716Salaries and employee benefits
$602Premises and equipment expense
$4,296Additional noninterest expense
-$8,796Pre-tax net operating income
$375Securities gains (losses)
-$1,853Applicable income taxes
-$6,568Income before extraordinary items
$0Extraordinary gains - net
-$6,568Net income attributable to bank
$0Net charge-offs
-$6,568Cash dividends
$7,325Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.67%Yield on earning assets
3.41%Cost of funding earning assets
1.26%Net interest margin
-0.51%Noninterest income to earning assets
3.64%Noninterest expense to earning assets
-2.45%Net operating income to assets
-2.35%Return on assets (ROA)
-3.01%Pretax return on assets
-38.26%Return on equity (ROE)
-38.26%Retained earnings to average equity (YTD only)
3.54%Net charge-offs to loans
26.76%Credit loss provision to net charge-offs
-0.93%Efficiency ratio
484,477Assets per employee
4.58%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.11%Loss allowance to noncurrent loans
15.91%Noncurrent assets plus other real estate owned to assets
22.60%Noncurrent loans to loans
19.56%Net loans and leases to deposits
73.38%Net loans and leases to core deposits
116.79%Equity capital to assets
4.86%Core capital (leverage) ratio
4.70%Tier 1 risk-based capital ratio
5.88%Total risk-based capital ratio
Memoranda
$7Average assets
$279,902Average earning assets
$17,168Average equity
$236,924Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Chestatee State Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: