FDIC Certificate #: 25092 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Premier Bank (#26307) Federal Reserve ID: 60536 Date Established: April 16, 1984 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) FDIC's unique #: 17368 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: April 16, 1984 Last Structure Change Effective Date: March 27, 1998 Last Structure Change Process Date: April 27, 1998 Last Data Update: April 27, 1998 Data Source Date: April 05, 2012
Location
Address: 3209 Buford Highway, Duluth, GA 30136 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)
Financial Summary
Total assets: $167.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
67Total employees (full-time equivalent)
$167,238Total assets
$6,731Cash and due from depository institutions
$100Interest-bearing balances
$29,625Securities
$6,510Federal funds sold & reverse repurchase agreements
$116,766Net loans & leases
$1,505Loan loss allowance
$0Trading account assets
$5,609Bank premises and fixed assets
$149Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,848All other assets
$167,238Total liabilities and capital
$154,634Total liabilities
$152,642Total deposits
$123,389Interest-bearing deposits
$152,642Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$45Other borrowed funds
$0Subordinated debt
$1,947All other liabilities
$12,604Total equity capital
$12,604Total bank equity capital
$12,604Perpetual preferred stock
$0Common stock
$2,500Surplus
$6,650Undivided profits
Memoranda
$3,454Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$580Earning assets
$0Long-term assets (5+ years)
$800Average Assets, year-to-date
$153,001Average Assets, quarterly
$35,744Volatile liabilities
$161,121Insider loans
$164,972FHLB advances
$26,583Loans and leases held for sale
$3,003Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$26,020Total unused commitments
$0Restructured Loans and leases
$135,444Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$13,854Total interest income
$5,563Total interest expense
$8,291Net interest income
$539Provision for loan and lease losses
$993Total noninterest income
$0Fiduciary activities
$856Service charges on deposit accounts
$0Trading account gains & fees
$137Additional noninterest income
$5,678Total noninterest expense
$2,971Salaries and employee benefits
$887Premises and equipment expense
$1,820Additional noninterest expense
$3,067Pre-tax net operating income
-$2Securities gains (losses)
$911Applicable income taxes
$2,154Income before extraordinary items
$0Extraordinary gains - net
$2,154Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$69Sale, conversion, retirement of capital stock, net
$195Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.37%Yield on earning assets
3.76%Cost of funding earning assets
5.61%Net interest margin
0.67%Noninterest income to earning assets
3.84%Noninterest expense to earning assets
1.34%Net operating income to assets
1.34%Return on assets (ROA)
1.90%Pretax return on assets
19.04%Return on equity (ROE)
17.32%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
781.16%Credit loss provision to net charge-offs
52.26%Efficiency ratio
61,159Assets per employee
2.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
9.05%Loss allowance to loans
1.27%Loss allowance to noncurrent loans
259.48%Noncurrent assets plus other real estate owned to assets
0.44%Noncurrent loans to loans
0.49%Net loans and leases to deposits
76.50%Net loans and leases to core deposits
92.60%Equity capital to assets
7.54%Core capital (leverage) ratio
7.41%Tier 1 risk-based capital ratio
9.05%Total risk-based capital ratio
Memoranda
$10Average assets
$161,121Average earning assets
$11,312Average equity
$147,896Average loans
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