FDIC Certificate #: 16267 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:FLAG Bank (#186) Federal Reserve ID: 385033 Date Established: January 01, 1934 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 11876 FDIC's unique #: 10459 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: June 01, 1945 Last Structure Change Effective Date: January 01, 1999 Last Structure Change Process Date: April 30, 1999 Last Data Update: April 30, 1999 Data Source Date: April 05, 2012
Location
Address: 115 East Dame Avenue, Homerville, GA 31634 County: Clinch Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Albany Ga Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast
Financial Summary
Total assets: $70.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
31Total employees (full-time equivalent)
$70,170Total assets
$2,681Cash and due from depository institutions
$67Interest-bearing balances
$9,551Securities
$2,550Federal funds sold & reverse repurchase agreements
$52,641Net loans & leases
$600Loan loss allowance
$0Trading account assets
$1,503Bank premises and fixed assets
$103Other real estate owned
$3Goodwill and other intangibles
$0Life insurance assets
$1,138All other assets
$70,170Total liabilities and capital
$62,995Total liabilities
$59,696Total deposits
$46,153Interest-bearing deposits
$59,696Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,044Other borrowed funds
$0Subordinated debt
$255All other liabilities
$7,175Total equity capital
$7,175Total bank equity capital
$7,175Perpetual preferred stock
$0Common stock
$270Surplus
$5,930Undivided profits
Memoranda
$975Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,379Earning assets
$0Long-term assets (5+ years)
$767Average Assets, year-to-date
$64,809Average Assets, quarterly
$12,910Volatile liabilities
$69,973Insider loans
$70,098FHLB advances
$13,022Loans and leases held for sale
$2,696Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,330Total unused commitments
$0Restructured Loans and leases
$54,615Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$5,711Total interest income
$2,840Total interest expense
$2,871Net interest income
$230Provision for loan and lease losses
$493Total noninterest income
$0Fiduciary activities
$417Service charges on deposit accounts
$0Trading account gains & fees
$76Additional noninterest income
$2,084Total noninterest expense
$1,068Salaries and employee benefits
$404Premises and equipment expense
$612Additional noninterest expense
$1,050Pre-tax net operating income
$7Securities gains (losses)
$230Applicable income taxes
$827Income before extraordinary items
$0Extraordinary gains - net
$827Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$111Sale, conversion, retirement of capital stock, net
$67Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.84%Yield on earning assets
4.39%Cost of funding earning assets
4.44%Net interest margin
0.76%Noninterest income to earning assets
3.22%Noninterest expense to earning assets
1.17%Net operating income to assets
1.18%Return on assets (ROA)
1.51%Pretax return on assets
11.80%Return on equity (ROE)
10.84%Retained earnings to average equity (YTD only)
0.22%Net charge-offs to loans
207.21%Credit loss provision to net charge-offs
11.53%Efficiency ratio
61,950Assets per employee
2.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
8.10%Loss allowance to loans
1.13%Loss allowance to noncurrent loans
43.51%Noncurrent assets plus other real estate owned to assets
2.11%Noncurrent loans to loans
2.59%Net loans and leases to deposits
88.18%Net loans and leases to core deposits
112.78%Equity capital to assets
10.23%Core capital (leverage) ratio
10.28%Tier 1 risk-based capital ratio
13.06%Total risk-based capital ratio
Memoranda
$14Average assets
$69,973Average earning assets
$7,009Average equity
$64,635Average loans
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