FDIC Certificate #: 16480 Status: Inactive Closing history: Corrections Acquiring institution:Community & Southern Bank (#59010) Federal Reserve ID: 147839 Date Established: September 16, 1946 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 16 (Interstate: No) OTS Docket #: 10583 FDIC's unique #: 10643 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: September 16, 1946 Last Structure Change Effective Date: January 29, 2010 Last Structure Change Process Date: Febuary 02, 2010 Last Data Update: Febuary 02, 2010 Data Source Date: April 05, 2012
Location
Address: 201 Maple Street, Carrollton, GA 30117 County: Carroll 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)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $840.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
200Total employees (full-time equivalent)
$840,633Total assets
$110,774Cash and due from depository institutions
$98,450Interest-bearing balances
$92,992Securities
$13,800Federal funds sold & reverse repurchase agreements
$539,819Net loans & leases
$25,030Loan loss allowance
$0Trading account assets
$15,496Bank premises and fixed assets
$41,045Other real estate owned
$4,304Goodwill and other intangibles
$3,944Life insurance assets
$22,403All other assets
$840,632Total liabilities and capital
$840,396Total liabilities
$780,196Total deposits
$723,250Interest-bearing deposits
$780,196Deposits held in domestic offices
81.79%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$52,000Other borrowed funds
$0Subordinated debt
$8,200All other liabilities
$236Total equity capital
$236Total bank equity capital
$236Perpetual preferred stock
$0Common stock
$2,000Surplus
$56,592Undivided profits
Memoranda
$-58,356Noncurrent loans and leases
$37,845Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$108,037Earning assets
$0Long-term assets (5+ years)
$2,809Average Assets, year-to-date
$745,061Average Assets, quarterly
$128,073Volatile liabilities
$864,405Insider loans
$836,607FHLB advances
$285,335Loans and leases held for sale
$13,996Unused loan commitments
$52,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$37,845Total unused commitments
$12,883Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$37,773Total interest income
$21,171Total interest expense
$16,602Net interest income
$44,631Provision for loan and lease losses
-$5,340Total noninterest income
$0Fiduciary activities
$5,402Service charges on deposit accounts
$0Trading account gains & fees
-$10,742Additional noninterest income
$29,830Total noninterest expense
$11,772Salaries and employee benefits
$3,496Premises and equipment expense
$14,562Additional noninterest expense
-$63,199Pre-tax net operating income
-$5,411Securities gains (losses)
-$1,969Applicable income taxes
-$66,641Income before extraordinary items
$0Extraordinary gains - net
-$66,641Net income attributable to bank
$0Net charge-offs
-$66,641Cash dividends
$31,466Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.99%Yield on earning assets
2.80%Cost of funding earning assets
2.19%Net interest margin
-0.71%Noninterest income to earning assets
3.94%Noninterest expense to earning assets
-7.10%Net operating income to assets
-7.71%Return on assets (ROA)
-7.94%Pretax return on assets
-199.95%Return on equity (ROE)
-199.95%Retained earnings to average equity (YTD only)
5.23%Net charge-offs to loans
141.84%Credit loss provision to net charge-offs
-0.59%Efficiency ratio
259,776Assets per employee
4.20%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.43%Loss allowance to noncurrent loans
23.17%Noncurrent assets plus other real estate owned to assets
17.78%Noncurrent loans to loans
19.13%Net loans and leases to deposits
69.19%Net loans and leases to core deposits
106.50%Equity capital to assets
0.03%Core capital (leverage) ratio
-0.38%Tier 1 risk-based capital ratio
-0.52%Total risk-based capital ratio
Memoranda
-$1Average assets
$864,405Average earning assets
$33,328Average equity
$756,811Average loans
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