FDIC Certificate #: 35390 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:United Community Bank (#16889) Federal Reserve ID: 2860066 Date Established: May 15, 2000 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) FDIC's unique #: 79494 Numeric code: 21 Regulator: FDIC 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: May 15, 2000 Last Structure Change Effective Date: July 16, 2007 Last Structure Change Process Date: August 06, 2007 Last Data Update: August 06, 2007 Data Source Date: April 05, 2012
Location
Address: 2230 Riverside Parkway, Lawrenceville, GA 30043 County: Gwinnett 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 Summary
Total assets: $817.2 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2006)
Dollar figures in thousands
75Total employees (full-time equivalent)
$674,916Total assets
$23,164Cash and due from depository institutions
$0Interest-bearing balances
$48,175Securities
$47,855Federal funds sold & reverse repurchase agreements
$528,900Net loans & leases
$7,226Loan loss allowance
$0Trading account assets
$7,754Bank premises and fixed assets
$95Other real estate owned
$11,613Goodwill and other intangibles
$0Life insurance assets
$7,360All other assets
$674,916Total liabilities and capital
$598,171Total liabilities
$585,217Total deposits
$547,331Interest-bearing deposits
$585,217Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$10,000Other borrowed funds
$0Subordinated debt
$2,954All other liabilities
$76,745Total equity capital
$76,745Total bank equity capital
$76,745Perpetual preferred stock
$0Common stock
$5,300Surplus
$54,957Undivided profits
Memoranda
$16,488Noncurrent loans and leases
$157,650Noncurrent 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)
$3,403Average Assets, year-to-date
$624,930Average Assets, quarterly
$31,615Volatile liabilities
$604,037Insider loans
$649,729FHLB advances
$110,790Loans and leases held for sale
$24,515Unused loan commitments
$10,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$157,650Total unused commitments
$0Restructured Loans and leases
$7,226Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$46,272Total interest income
$17,148Total interest expense
$29,124Net interest income
$665Provision for loan and lease losses
$1,034Total noninterest income
$0Fiduciary activities
$690Service charges on deposit accounts
$0Trading account gains & fees
$344Additional noninterest income
$10,418Total noninterest expense
$6,669Salaries and employee benefits
$1,132Premises and equipment expense
$2,617Additional noninterest expense
$19,075Pre-tax net operating income
-$201Securities gains (losses)
$7,038Applicable income taxes
$11,836Income before extraordinary items
$0Extraordinary gains - net
$11,836Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$214Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.28%Yield on earning assets
3.07%Cost of funding earning assets
5.21%Net interest margin
0.19%Noninterest income to earning assets
1.86%Noninterest expense to earning assets
1.98%Net operating income to assets
1.96%Return on assets (ROA)
3.12%Pretax return on assets
18.00%Return on equity (ROE)
18.00%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
310.75%Credit loss provision to net charge-offs
92.24%Efficiency ratio
33,998Assets per employee
9.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.35%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.01%Noncurrent loans to loans
0.00%Net loans and leases to deposits
90.38%Net loans and leases to core deposits
111.48%Equity capital to assets
11.37%Core capital (leverage) ratio
10.26%Tier 1 risk-based capital ratio
10.89%Total risk-based capital ratio
Memoranda
$12Average assets
$604,037Average earning assets
$65,763Average equity
$558,666Average loans
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