FDIC Certificate #: 57436 Status: Inactive Federal Reserve ID: 3119163 Date Established: March 25, 2003 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) FDIC's unique #: 363569 Numeric code: 13 Regulator: FED 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: March 25, 2003 Last Structure Change Effective Date: June 26, 2009 Last Structure Change Process Date: June 29, 2009 Last Data Update: June 29, 2009 Data Source Date: April 05, 2012
Location
Address: 662 Highway 61, Villa Rica, GA 30180 County: Carroll 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
Financial Difficulty - Payoff
Financial Summary
Total assets: $201.2 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
33Total employees (full-time equivalent)
$203,107Total assets
$992Cash and due from depository institutions
$112Interest-bearing balances
$24,506Securities
$13,862Federal funds sold & reverse repurchase agreements
$133,311Net loans & leases
$4,713Loan loss allowance
$0Trading account assets
$5,921Bank premises and fixed assets
$18,716Other real estate owned
$0Goodwill and other intangibles
$3,049Life insurance assets
$5,799All other assets
$203,107Total liabilities and capital
$192,217Total liabilities
$188,037Total deposits
$183,952Interest-bearing deposits
$188,037Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,216Other borrowed funds
$0Subordinated debt
$964All other liabilities
$10,890Total equity capital
$10,890Total bank equity capital
$10,890Perpetual preferred stock
$0Common stock
$6,615Surplus
$11,618Undivided profits
Memoranda
$-7,343Noncurrent loans and leases
$9,678Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$13,923Earning assets
$0Long-term assets (5+ years)
$888Average Assets, year-to-date
$171,791Average Assets, quarterly
$24,658Volatile liabilities
$204,723Insider loans
$201,769FHLB advances
$75,977Loans and leases held for sale
$7,440Unused loan commitments
$3,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,678Total unused commitments
$7,542Restructured Loans and leases
$2,032Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$11,426Total interest income
$7,812Total interest expense
$3,614Net interest income
$6,285Provision for loan and lease losses
$275Total noninterest income
$0Fiduciary activities
$89Service charges on deposit accounts
$0Trading account gains & fees
$186Additional noninterest income
$5,500Total noninterest expense
$2,728Salaries and employee benefits
$768Premises and equipment expense
$2,004Additional noninterest expense
-$7,896Pre-tax net operating income
$0Securities gains (losses)
$338Applicable income taxes
-$8,234Income before extraordinary items
$0Extraordinary gains - net
-$8,234Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$3,552Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.22%Yield on earning assets
4.25%Cost of funding earning assets
1.97%Net interest margin
0.15%Noninterest income to earning assets
2.99%Noninterest expense to earning assets
-4.02%Net operating income to assets
-4.02%Return on assets (ROA)
-3.86%Pretax return on assets
-57.28%Return on equity (ROE)
-57.28%Retained earnings to average equity (YTD only)
2.18%Net charge-offs to loans
176.94%Credit loss provision to net charge-offs
-0.45%Efficiency ratio
141,425Assets per employee
6.15%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.41%Loss allowance to noncurrent loans
33.85%Noncurrent assets plus other real estate owned to assets
16.07%Noncurrent loans to loans
10.09%Net loans and leases to deposits
70.90%Net loans and leases to core deposits
118.96%Equity capital to assets
5.36%Core capital (leverage) ratio
5.29%Tier 1 risk-based capital ratio
6.73%Total risk-based capital ratio
Memoranda
$8Average assets
$204,723Average earning assets
$14,376Average equity
$183,742Average loans
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