FDIC Certificate #: 9066 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Ameris Bank (#20504) Federal Reserve ID: 642839 Date Established: January 01, 1888 WWW:http://www.amerisbank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 12702 FDIC's unique #: 5802 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: January 01, 1934 Last Structure Change Effective Date: Febuary 11, 2006 Last Structure Change Process Date: Febuary 16, 2006 Last Data Update: Febuary 16, 2006 Data Source Date: April 05, 2012
Location
Address: 1000 West Screven Street, Quitman, GA 31643 County: Brooks Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Albany Ga Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Core Based Statistical Area (CBSA): Valdosta, GA (#46660) CBSA Metro Statistical Area: Valdosta, GA (#46660)
Financial Summary
Total assets: $113.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
31Total employees (full-time equivalent)
$113,353Total assets
$5,598Cash and due from depository institutions
$1,382Interest-bearing balances
$13,638Securities
$5,437Federal funds sold & reverse repurchase agreements
$84,961Net loans & leases
$1,111Loan loss allowance
$0Trading account assets
$1,565Bank premises and fixed assets
$43Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,111All other assets
$113,353Total liabilities and capital
$104,992Total liabilities
$94,110Total deposits
$81,666Interest-bearing deposits
$94,110Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$10,300Other borrowed funds
$0Subordinated debt
$582All other liabilities
$8,361Total equity capital
$8,361Total bank equity capital
$8,361Perpetual preferred stock
$0Common stock
$150Surplus
$5,150Undivided profits
Memoranda
$3,061Noncurrent loans and leases
$12,412Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$373Earning assets
$0Long-term assets (5+ years)
$827Average Assets, year-to-date
$105,418Average Assets, quarterly
$5,934Volatile liabilities
$102,520Insider loans
$109,229FHLB advances
$31,971Loans and leases held for sale
$2,135Unused loan commitments
$10,300Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$12,412Total unused commitments
$0Restructured Loans and leases
$1,054Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$6,814Total interest income
$2,194Total interest expense
$4,620Net interest income
$184Provision for loan and lease losses
$883Total noninterest income
$0Fiduciary activities
$823Service charges on deposit accounts
$0Trading account gains & fees
$60Additional noninterest income
$2,957Total noninterest expense
$1,402Salaries and employee benefits
$263Premises and equipment expense
$1,292Additional noninterest expense
$2,362Pre-tax net operating income
-$20Securities gains (losses)
$806Applicable income taxes
$1,536Income before extraordinary items
$0Extraordinary gains - net
$1,536Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$53Sale, conversion, retirement of capital stock, net
$901Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.11%Yield on earning assets
2.29%Cost of funding earning assets
4.82%Net interest margin
0.92%Noninterest income to earning assets
3.08%Noninterest expense to earning assets
1.51%Net operating income to assets
1.50%Return on assets (ROA)
2.28%Pretax return on assets
19.71%Return on equity (ROE)
8.15%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
347.17%Credit loss provision to net charge-offs
48.04%Efficiency ratio
53,734Assets per employee
3.66%Cash dividends to net income (YTD only)
Condition Ratios (%)
58.66%Loss allowance to loans
1.29%Loss allowance to noncurrent loans
297.86%Noncurrent assets plus other real estate owned to assets
0.37%Noncurrent loans to loans
0.43%Net loans and leases to deposits
90.28%Net loans and leases to core deposits
136.73%Equity capital to assets
7.38%Core capital (leverage) ratio
7.75%Tier 1 risk-based capital ratio
10.10%Total risk-based capital ratio
Memoranda
$11Average assets
$102,520Average earning assets
$7,793Average equity
$95,851Average loans
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