FDIC Certificate #: 18243 Status: Inactive Federal Reserve ID: 499239 Date Established: November 27, 1905 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) FDIC's unique #: 12159 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 20, 1960 Last Structure Change Effective Date: March 20, 2009 Last Structure Change Process Date: March 23, 2009 Last Data Update: March 23, 2009 Data Source Date: April 05, 2012
Location
Address: 831 Fairways Court, Stockbridge, GA 30281 County: Henry 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
Financial Difficulty - Payoff
Financial Summary
Total assets: $285.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
30Total employees (full-time equivalent)
$285,015Total assets
$30,752Cash and due from depository institutions
$29,964Interest-bearing balances
$22,462Securities
$6,083Federal funds sold & reverse repurchase agreements
$189,434Net loans & leases
$3,633Loan loss allowance
$0Trading account assets
$219Bank premises and fixed assets
$33,544Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,521All other assets
$285,015Total liabilities and capital
$270,041Total liabilities
$259,056Total deposits
$247,949Interest-bearing deposits
$259,056Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$10,000Other borrowed funds
$0Subordinated debt
$985All other liabilities
$14,974Total equity capital
$14,974Total bank equity capital
$14,974Perpetual preferred stock
$0Common stock
$100Surplus
$23,061Undivided profits
Memoranda
$-8,187Noncurrent loans and leases
$7,271Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$24,629Earning assets
$0Long-term assets (5+ years)
$1,138Average Assets, year-to-date
$247,943Average Assets, quarterly
$8,673Volatile liabilities
$276,798Insider loans
$308,285FHLB advances
$24,083Loans and leases held for sale
$1,778Unused loan commitments
$10,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,979Total risk weighted assets
$7,271Total unused commitments
$0Restructured Loans and leases
$2,556Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$12,730Total interest income
$11,009Total interest expense
$1,721Net interest income
$4,296Provision for loan and lease losses
$385Total noninterest income
$0Fiduciary activities
$155Service charges on deposit accounts
$0Trading account gains & fees
$230Additional noninterest income
$6,157Total noninterest expense
$2,860Salaries and employee benefits
$517Premises and equipment expense
$2,780Additional noninterest expense
-$8,347Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$8,347Income before extraordinary items
$0Extraordinary gains - net
-$8,347Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$4,307Sale, conversion, retirement of capital stock, net
$45Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.52%Yield on earning assets
4.78%Cost of funding earning assets
0.75%Net interest margin
0.17%Noninterest income to earning assets
2.67%Noninterest expense to earning assets
-3.02%Net operating income to assets
-3.02%Return on assets (ROA)
-3.02%Pretax return on assets
-45.08%Return on equity (ROE)
-45.33%Retained earnings to average equity (YTD only)
2.19%Net charge-offs to loans
99.74%Credit loss provision to net charge-offs
-0.94%Efficiency ratio
292,355Assets per employee
9.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
-0.54%Loss allowance to loans
1.88%Loss allowance to noncurrent loans
14.75%Noncurrent assets plus other real estate owned to assets
20.41%Noncurrent loans to loans
12.76%Net loans and leases to deposits
73.12%Net loans and leases to core deposits
80.62%Equity capital to assets
5.25%Core capital (leverage) ratio
4.57%Tier 1 risk-based capital ratio
7.28%Total risk-based capital ratio
Memoranda
$9Average assets
$276,798Average earning assets
$18,514Average equity
$230,463Average loans
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