FDIC Certificate #: 32573 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:CharterBank (#30720) Federal Reserve ID: 1169182 Date Established: March 04, 1988 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 8470 FDIC's unique #: 45407 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) Insured commercial Banks: Yes FDIC Insured: Yes SAIF Insured: Yes State Chartered: Yes Date of Deposit Insurance: March 04, 1988 Last Structure Change Effective Date: Febuary 21, 2003 Last Structure Change Process Date: March 12, 2003 Last Data Update: March 12, 2003 Data Source Date: April 05, 2012
Location
Address: 3702 Pepperell Parkway, Opelika, AL 36801 County: Lee Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Montgomery Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Auburn-Opelika, AL (#580) Combined Statistical Area (CSA): Columbus-Auburn-Opelika, GA-AL (#194) Core Based Statistical Area (CBSA): Auburn-Opelika, AL (#12220) CBSA Metro Statistical Area: Auburn-Opelika, AL (#12220)
Financial Summary
Total assets: $74.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
22Total employees (full-time equivalent)
$74,460Total assets
$10,644Cash and due from depository institutions
$7,618Interest-bearing balances
$4,680Securities
$0Federal funds sold & reverse repurchase agreements
$56,337Net loans & leases
$892Loan loss allowance
$0Trading account assets
$868Bank premises and fixed assets
$306Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,625All other assets
$74,460Total liabilities and capital
$69,479Total liabilities
$62,189Total deposits
$57,365Interest-bearing deposits
$62,189Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,000Other borrowed funds
$0Subordinated debt
$290All other liabilities
$4,981Total equity capital
$4,981Total bank equity capital
$4,981Perpetual preferred stock
$0Common stock
$4Surplus
$3,965Undivided profits
Memoranda
$1,012Noncurrent loans and leases
$4,335Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$870Earning assets
$0Long-term assets (5+ years)
$357Average Assets, year-to-date
$68,635Average Assets, quarterly
$1,837Volatile liabilities
$75,244Insider loans
$75,124FHLB advances
$18,509Loans and leases held for sale
$1,628Unused loan commitments
$7,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,265Total risk weighted assets
$4,335Total unused commitments
$0Restructured Loans and leases
$669Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$4,903Total interest income
$2,701Total interest expense
$2,202Net interest income
$266Provision for loan and lease losses
$341Total noninterest income
$0Fiduciary activities
$334Service charges on deposit accounts
$0Trading account gains & fees
$7Additional noninterest income
$2,020Total noninterest expense
$1,158Salaries and employee benefits
$178Premises and equipment expense
$684Additional noninterest expense
$257Pre-tax net operating income
$0Securities gains (losses)
$98Applicable income taxes
$159Income before extraordinary items
$0Extraordinary gains - net
$159Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$383Sale, conversion, retirement of capital stock, net
$170Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.96%Yield on earning assets
3.83%Cost of funding earning assets
3.12%Net interest margin
0.48%Noninterest income to earning assets
2.87%Noninterest expense to earning assets
0.21%Net operating income to assets
0.21%Return on assets (ROA)
0.34%Pretax return on assets
3.15%Return on equity (ROE)
-0.22%Retained earnings to average equity (YTD only)
0.64%Net charge-offs to loans
69.45%Credit loss provision to net charge-offs
1.37%Efficiency ratio
79,434Assets per employee
3.38%Cash dividends to net income (YTD only)
Condition Ratios (%)
106.92%Loss allowance to loans
1.56%Loss allowance to noncurrent loans
102.53%Noncurrent assets plus other real estate owned to assets
1.58%Noncurrent loans to loans
1.52%Net loans and leases to deposits
90.59%Net loans and leases to core deposits
128.98%Equity capital to assets
6.69%Core capital (leverage) ratio
6.69%Tier 1 risk-based capital ratio
9.35%Total risk-based capital ratio
Memoranda
$11Average assets
$75,244Average earning assets
$5,053Average equity
$70,467Average loans
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