FDIC Certificate #: 27288 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Colonial Bank (#9609) Federal Reserve ID: 1211670 Date Established: July 15, 1988 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) FDIC's unique #: 39435 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: July 15, 1988 Last Structure Change Effective Date: October 02, 1998 Last Structure Change Process Date: October 29, 1998 Last Data Update: October 29, 1998 Data Source Date: April 05, 2012
Location
Address: 501 Walnut Street, Macon, GA 31297 County: Bibb 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): Macon, GA (#4680) Combined Statistical Area (CSA): Macon-Warner Robins-Fort Valley, GA (#356) Core Based Statistical Area (CBSA): Macon, GA (#31420) CBSA Metro Statistical Area: Macon, GA (#31420)
Financial Summary
Total assets: $199.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
82Total employees (full-time equivalent)
$186,104Total assets
$11,289Cash and due from depository institutions
$0Interest-bearing balances
$36,618Securities
$5,695Federal funds sold & reverse repurchase agreements
$124,905Net loans & leases
$1,650Loan loss allowance
$0Trading account assets
$6,146Bank premises and fixed assets
$32Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,419All other assets
$186,104Total liabilities and capital
$171,511Total liabilities
$169,055Total deposits
$144,176Interest-bearing deposits
$169,055Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,456All other liabilities
$14,593Total equity capital
$14,593Total bank equity capital
$14,593Perpetual preferred stock
$0Common stock
$537Surplus
$9,521Undivided profits
Memoranda
$4,535Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$842Earning assets
$0Long-term assets (5+ years)
$934Average Assets, year-to-date
$167,218Average Assets, quarterly
$30,365Volatile liabilities
$172,002Insider loans
$182,262FHLB advances
$23,848Loans and leases held for sale
$2,163Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$22,690Total unused commitments
$0Restructured Loans and leases
$141,499Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$14,407Total interest income
$6,657Total interest expense
$7,750Net interest income
$178Provision for loan and lease losses
$1,494Total noninterest income
$0Fiduciary activities
$1,267Service charges on deposit accounts
$0Trading account gains & fees
$227Additional noninterest income
$4,990Total noninterest expense
$2,721Salaries and employee benefits
$658Premises and equipment expense
$1,611Additional noninterest expense
$4,076Pre-tax net operating income
$0Securities gains (losses)
$1,335Applicable income taxes
$2,741Income before extraordinary items
$0Extraordinary gains - net
$2,741Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$178Sale, conversion, retirement of capital stock, net
$321Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.15%Yield on earning assets
4.23%Cost of funding earning assets
4.92%Net interest margin
0.95%Noninterest income to earning assets
3.17%Noninterest expense to earning assets
1.59%Net operating income to assets
1.59%Return on assets (ROA)
2.37%Pretax return on assets
20.65%Return on equity (ROE)
18.23%Retained earnings to average equity (YTD only)
0.15%Net charge-offs to loans
100.00%Credit loss provision to net charge-offs
23.90%Efficiency ratio
53,981Assets per employee
2.27%Cash dividends to net income (YTD only)
Condition Ratios (%)
11.71%Loss allowance to loans
1.30%Loss allowance to noncurrent loans
195.96%Noncurrent assets plus other real estate owned to assets
0.47%Noncurrent loans to loans
0.67%Net loans and leases to deposits
73.88%Net loans and leases to core deposits
86.02%Equity capital to assets
7.84%Core capital (leverage) ratio
7.92%Tier 1 risk-based capital ratio
10.24%Total risk-based capital ratio
Memoranda
$11Average assets
$172,002Average earning assets
$13,275Average equity
$157,371Average loans
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