FDIC Certificate #: 35500 Status: Inactive Federal Reserve ID: 2924575 Date Established: July 10, 2000 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 80585 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: July 10, 2000 Last Structure Change Effective Date: October 29, 2001 Last Structure Change Process Date: November 08, 2001 Last Data Update: November 08, 2001 Data Source Date: April 05, 2012
Location
Address: 5634 Atlanta Highway, Flowery Branch, GA 30542 County: Hall 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 Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122) Core Based Statistical Area (CBSA): Gainesville, GA (#23580) CBSA Metro Statistical Area: Gainesville, GA (#23580)
History of Changes
Other Liquidations and Closings
Change in Insurance Status
Financial Summary
Total assets: $2.5 mil
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
10Total employees (full-time equivalent)
$2,707Total assets
$45Cash and due from depository institutions
$0Interest-bearing balances
$2,516Securities
$0Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$74Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$72All other assets
$2,707Total liabilities and capital
$605Total liabilities
$500Total deposits
$500Interest-bearing deposits
$500Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$105All other liabilities
$2,102Total equity capital
$2,102Total bank equity capital
$2,102Perpetual preferred stock
$0Common stock
$1,000Surplus
$1,000Undivided profits
Memoranda
$102Noncurrent loans and leases
$19,350Noncurrent 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)
$72Average Assets, year-to-date
$2,516Average Assets, quarterly
$501Volatile liabilities
$2,675Insider loans
$2,675FHLB advances
$500Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$19,350Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$134Total interest income
$15Total interest expense
$119Net interest income
$0Provision for loan and lease losses
$572Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$572Additional noninterest income
$539Total noninterest expense
$165Salaries and employee benefits
$18Premises and equipment expense
$356Additional noninterest expense
$152Pre-tax net operating income
$0Securities gains (losses)
$50Applicable income taxes
$102Income before extraordinary items
$0Extraordinary gains - net
$102Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.31%Yield on earning assets
0.59%Cost of funding earning assets
4.71%Net interest margin
22.66%Noninterest income to earning assets
21.35%Noninterest expense to earning assets
3.81%Net operating income to assets
3.81%Return on assets (ROA)
5.68%Pretax return on assets
4.93%Return on equity (ROE)
4.93%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
78,003Assets per employee
0.27%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%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
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
77.65%Core capital (leverage) ratio
78.49%Tier 1 risk-based capital ratio
301.49%Total risk-based capital ratio
Memoranda
$301Average assets
$2,675Average earning assets
$2,070Average equity
$2,524Average loans
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