FDIC Certificate #: 19554 Status: Inactive Closing history: Change in Location Acquiring institution:Ameris Bank (#20504) Federal Reserve ID: 770433 Date Established: January 03, 1966 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 13354 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: Febuary 21, 1966 Last Structure Change Effective Date: July 15, 2011 Last Structure Change Process Date: July 18, 2011 Last Data Update: July 18, 2011 Data Source Date: April 05, 2012
Location
Address: 280 Country Club Drive, 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
Absorption - Assisted
Corrections
Change in Location
Financial Summary
Total assets: $180.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
25Total employees (full-time equivalent)
$196,818Total assets
$6,240Cash and due from depository institutions
$5,300Interest-bearing balances
$16,343Securities
$0Federal funds sold & reverse repurchase agreements
$145,760Net loans & leases
$5,005Loan loss allowance
$0Trading account assets
$3,456Bank premises and fixed assets
$23,564Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,455All other assets
$196,818Total liabilities and capital
$190,371Total liabilities
$189,750Total deposits
$185,696Interest-bearing deposits
$189,750Deposits held in domestic offices
98.62%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$621All other liabilities
$6,447Total equity capital
$6,447Total bank equity capital
$6,447Perpetual preferred stock
$0Common stock
$3,104Surplus
$21,394Undivided profits
Memoranda
$-18,051Noncurrent loans and leases
$991Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$35,107Earning assets
$0Long-term assets (5+ years)
$572Average Assets, year-to-date
$167,403Average Assets, quarterly
$12,425Volatile liabilities
$204,311Insider loans
$198,067FHLB advances
$128,274Loans and leases held for sale
$3,274Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$991Total unused commitments
$0Restructured Loans and leases
$2,177Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$6,995Total interest income
$3,672Total interest expense
$3,323Net interest income
$1,400Provision for loan and lease losses
$401Total noninterest income
$0Fiduciary activities
$39Service charges on deposit accounts
$0Trading account gains & fees
$362Additional noninterest income
$5,955Total noninterest expense
$2,205Salaries and employee benefits
$574Premises and equipment expense
$3,176Additional noninterest expense
-$3,631Pre-tax net operating income
-$50Securities gains (losses)
$0Applicable income taxes
-$3,681Income before extraordinary items
$0Extraordinary gains - net
-$3,681Net income attributable to bank
$0Net charge-offs
-$3,681Cash dividends
$2,149Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.89%Yield on earning assets
2.04%Cost of funding earning assets
1.85%Net interest margin
0.22%Noninterest income to earning assets
3.31%Noninterest expense to earning assets
-1.78%Net operating income to assets
-1.80%Return on assets (ROA)
-1.80%Pretax return on assets
-39.08%Return on equity (ROE)
-39.08%Retained earnings to average equity (YTD only)
1.32%Net charge-offs to loans
65.15%Credit loss provision to net charge-offs
-1.04%Efficiency ratio
159,909Assets per employee
7.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.32%Loss allowance to noncurrent loans
14.26%Noncurrent assets plus other real estate owned to assets
29.81%Noncurrent loans to loans
23.29%Net loans and leases to deposits
76.82%Net loans and leases to core deposits
237.10%Equity capital to assets
3.28%Core capital (leverage) ratio
3.52%Tier 1 risk-based capital ratio
4.07%Total risk-based capital ratio
Memoranda
$5Average assets
$204,311Average earning assets
$9,419Average equity
$179,832Average loans
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