Fayette County Bank in Peachtree City, Georgia (GA)



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Fayette County Bank
GeneralFDIC Certificate #: 32706
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Regions Bank (#12368)
Federal Reserve ID: 1407503
Date Established: November 03, 1989
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 13297
FDIC's unique #: 45541
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: November 03, 1989
Last Structure Change Effective Date: June 25, 1999
Last Structure Change Process Date: July 07, 1999
Last Data Update: July 07, 1999
Data Source Date: April 05, 2012
LocationAddress: 300 Peachtree Parkway South, Peachtree City, GA 30269
County: Fayette
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 SummaryTotal assets: $119.6 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)
Total employees (full-time equivalent)42
Total assets$122,930
Cash and due from depository institutions$7,438
Interest-bearing balances$111
Securities$17,232
Federal funds sold & reverse repurchase agreements$4,330
Net loans & leases$89,139
Loan loss allowance $1,489
Trading account assets$0
Bank premises and fixed assets$2,637
Other real estate owned$152
Goodwill and other intangibles$158
All other assets$1,844
Life insurance assets$0
Total liabilities and capital$122,930
Total liabilities$111,387
Total deposits$109,170
Interest-bearing deposits$89,382
Deposits held in domestic offices$109,170
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $2,217
Total equity capital$11,543
Total bank equity capital$11,543
Perpetual preferred stock$11,543
Common stock$0
Surplus$500
Undivided profits $7,500
Memoranda
Noncurrent loans and leases $3,543
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $488
Long-term assets (5+ years) $0
Average Assets, year-to-date $741
Average Assets, quarterly $110,812
Volatile liabilities $11,317
Insider loans $125,030
FHLB advances $123,415
Loans and leases held for sale $14,878
Unused loan commitments $1,041
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $21,325
Restructured Loans and leases $0
Derivatives$97,088
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Income and Expense (December 31, 1998)
(Dollar figures in thousands)
Total interest income $10,850
Total interest expense $4,336
Net interest income $6,514
Provision for loan and lease losses $0
Total noninterest income $690
Fiduciary activities $0
Service charges on deposit accounts $549
Trading account gains & fees $0
Additional noninterest income $141
Total noninterest expense $5,177
Salaries and employee benefits $2,778
Premises and equipment expense $687
Additional noninterest expense $1,712
Pre-tax net operating income $2,027
Securities gains (losses) -$6
Applicable income taxes $759
Income before extraordinary items $1,262
Extraordinary gains - net $0
Net income attributable to bank $1,262
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $215
Net operating income $203
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Performance and Condition Ratios (December 31, 1998)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets9.51%
Cost of funding earning assets 3.80%
Net interest margin 5.71%
Noninterest income to earning assets 0.60%
Noninterest expense to earning assets 4.54%
Net operating income to assets 1.01%
Return on assets (ROA) 1.01%
Pretax return on assets 1.62%
Return on equity (ROE) 11.45%
Retained earnings to average equity (YTD only) 9.61%
Net charge-offs to loans 0.24%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio9.43%
Assets per employee$70,877
Cash dividends to net income (YTD only)2.93%
Condition Ratios (%)
Loss allowance to loans 16.09%
Loss allowance to noncurrent loans 1.64%
Noncurrent assets plus other real estate owned to assets 305.12%
Noncurrent loans to loans 0.52%
Net loans and leases to deposits0.54%
Net loans and leases to core deposits 81.65%
Equity capital to assets 94.54%
Core capital (leverage) ratio 9.39%
Tier 1 risk-based capital ratio 9.23%
Total risk-based capital ratio 11.67%
Memoranda
Average assets$13
Average earning assets$125,030
Average equity $11,019
Average loans $114,089
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