FDIC Certificate #: 8481 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Branch Banking and Trust Company (#9846) Federal Reserve ID: 553739 Date Established: Febuary 06, 1926 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 10772 FDIC's unique #: 5395 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: January 01, 1934 Last Structure Change Effective Date: July 15, 2000 Last Structure Change Process Date: August 23, 2000 Last Data Update: August 23, 2000 Data Source Date: April 05, 2012
Location
Address: 2 Rome Boulevard, Summerville, GA 30747 County: Chattooga 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 Core Based Statistical Area (CBSA): Summerville, GA (#44900) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $214.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
70Total employees (full-time equivalent)
$203,579Total assets
$6,943Cash and due from depository institutions
$0Interest-bearing balances
$83,019Securities
$7,446Federal funds sold & reverse repurchase agreements
$72,412Net loans & leases
$1,119Loan loss allowance
$0Trading account assets
$746Bank premises and fixed assets
$0Other real estate owned
$30,870Goodwill and other intangibles
$0Life insurance assets
$2,143All other assets
$203,579Total liabilities and capital
$150,823Total liabilities
$147,426Total deposits
$126,923Interest-bearing deposits
$147,426Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,786Other borrowed funds
$0Subordinated debt
$1,611All other liabilities
$52,756Total equity capital
$52,756Total bank equity capital
$52,756Perpetual preferred stock
$0Common stock
$3,600Surplus
$7,600Undivided profits
Memoranda
$41,556Noncurrent loans and leases
$8,873Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$343Average Assets, year-to-date
$162,877Average Assets, quarterly
$52,048Volatile liabilities
$179,268Insider loans
$189,703FHLB advances
$21,719Loans and leases held for sale
$1,767Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,873Total unused commitments
$0Restructured Loans and leases
$1,014Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$12,300Total interest income
$5,559Total interest expense
$6,741Net interest income
$0Provision for loan and lease losses
$813Total noninterest income
$9Fiduciary activities
$586Service charges on deposit accounts
$0Trading account gains & fees
$218Additional noninterest income
$4,222Total noninterest expense
$2,255Salaries and employee benefits
$487Premises and equipment expense
$1,480Additional noninterest expense
$3,332Pre-tax net operating income
$0Securities gains (losses)
$1,002Applicable income taxes
$2,330Income before extraordinary items
$0Extraordinary gains - net
$2,330Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$50Sale, conversion, retirement of capital stock, net
$1,123Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.47%Yield on earning assets
3.38%Cost of funding earning assets
4.10%Net interest margin
0.49%Noninterest income to earning assets
2.57%Noninterest expense to earning assets
1.30%Net operating income to assets
1.30%Return on assets (ROA)
1.86%Pretax return on assets
8.31%Return on equity (ROE)
4.30%Retained earnings to average equity (YTD only)
-0.07%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
51,218Assets per employee
2.91%Cash dividends to net income (YTD only)
Condition Ratios (%)
48.20%Loss allowance to loans
1.52%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
49.12%Net loans and leases to core deposits
56.80%Equity capital to assets
25.91%Core capital (leverage) ratio
15.90%Tier 1 risk-based capital ratio
28.44%Total risk-based capital ratio
Memoranda
$30Average assets
$179,268Average earning assets
$28,039Average equity
$164,595Average loans
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