FDIC Certificate #: 5708 Status: Inactive Closing history: Change in Location Acquiring institution:Pinnacle Bank (#14065) Federal Reserve ID: 428033 Date Established: March 08, 1924 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 11731 FDIC's unique #: 3890 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: January 01, 1934 Last Structure Change Effective Date: August 01, 2007 Last Structure Change Process Date: August 29, 2007 Last Data Update: August 29, 2007 Data Source Date: April 05, 2012
Location
Address: 112 North Cherokee, Social Circle, GA 30025 County: Walton 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
Merger - Without Assistance
Change in Location
Financial Summary
Total assets: $89.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
37Total employees (full-time equivalent)
$93,533Total assets
$3,897Cash and due from depository institutions
$51Interest-bearing balances
$20,964Securities
$9,214Federal funds sold & reverse repurchase agreements
$56,030Net loans & leases
$1,043Loan loss allowance
$0Trading account assets
$1,551Bank premises and fixed assets
$572Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,305All other assets
$93,533Total liabilities and capital
$85,451Total liabilities
$83,516Total deposits
$71,390Interest-bearing deposits
$83,516Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,000Other borrowed funds
$0Subordinated debt
$935All other liabilities
$8,082Total equity capital
$8,082Total bank equity capital
$8,082Perpetual preferred stock
$0Common stock
$200Surplus
$6,600Undivided profits
Memoranda
$1,282Noncurrent loans and leases
$11,208Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,967Earning assets
$0Long-term assets (5+ years)
$564Average Assets, year-to-date
$86,259Average Assets, quarterly
$8,777Volatile liabilities
$92,899Insider loans
$93,765FHLB advances
$15,360Loans and leases held for sale
$2,767Unused loan commitments
$1,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,208Total unused commitments
$0Restructured Loans and leases
$802Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$6,640Total interest income
$2,763Total interest expense
$3,877Net interest income
$82Provision for loan and lease losses
$543Total noninterest income
$0Fiduciary activities
$398Service charges on deposit accounts
$0Trading account gains & fees
$145Additional noninterest income
$3,539Total noninterest expense
$1,952Salaries and employee benefits
$617Premises and equipment expense
$970Additional noninterest expense
$799Pre-tax net operating income
-$3Securities gains (losses)
$210Applicable income taxes
$586Income before extraordinary items
$0Extraordinary gains - net
$586Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$56Sale, conversion, retirement of capital stock, net
$30Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.69%Yield on earning assets
3.20%Cost of funding earning assets
4.49%Net interest margin
0.63%Noninterest income to earning assets
4.10%Noninterest expense to earning assets
0.63%Net operating income to assets
0.63%Return on assets (ROA)
0.86%Pretax return on assets
7.58%Return on equity (ROE)
7.20%Retained earnings to average equity (YTD only)
0.09%Net charge-offs to loans
146.43%Credit loss provision to net charge-offs
15.73%Efficiency ratio
80,068Assets per employee
2.53%Cash dividends to net income (YTD only)
Condition Ratios (%)
5.12%Loss allowance to loans
1.83%Loss allowance to noncurrent loans
53.02%Noncurrent assets plus other real estate owned to assets
2.71%Noncurrent loans to loans
3.45%Net loans and leases to deposits
67.09%Net loans and leases to core deposits
81.02%Equity capital to assets
8.64%Core capital (leverage) ratio
8.85%Tier 1 risk-based capital ratio
12.73%Total risk-based capital ratio
Memoranda
$14Average assets
$92,899Average earning assets
$7,727Average equity
$86,326Average loans
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