FDIC Certificate #: 26879 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Habersham Bank (#151) Federal Reserve ID: 413570 Date Established: July 24, 1984 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 36172 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 26, 1987 Last Structure Change Effective Date: July 25, 2005 Last Structure Change Process Date: August 19, 2005 Last Data Update: August 19, 2005 Data Source Date: April 05, 2012
Location
Address: 27 N. Big A Road, Toccoa, GA 30577 County: Stephens 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 Core Based Statistical Area (CBSA): Toccoa, GA (#45740) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $23.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
16Total employees (full-time equivalent)
$25,551Total assets
$4,206Cash and due from depository institutions
$0Interest-bearing balances
$3,542Securities
$955Federal funds sold & reverse repurchase agreements
$16,207Net loans & leases
$198Loan loss allowance
$0Trading account assets
$249Bank premises and fixed assets
$186Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$206All other assets
$25,551Total liabilities and capital
$22,305Total liabilities
$22,211Total deposits
$16,703Interest-bearing deposits
$22,211Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$94All other liabilities
$3,246Total equity capital
$3,246Total bank equity capital
$3,246Perpetual preferred stock
$0Common stock
$750Surplus
$2,150Undivided profits
Memoranda
$346Noncurrent loans and leases
$1,858Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$123Earning assets
$0Long-term assets (5+ years)
$97Average Assets, year-to-date
$20,704Average Assets, quarterly
$1,752Volatile liabilities
$24,386Insider loans
$24,576FHLB advances
$2,726Loans and leases held for sale
$1,043Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,858Total unused commitments
$0Restructured Loans and leases
$198Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$1,182Total interest income
$254Total interest expense
$928Net interest income
$24Provision for loan and lease losses
$245Total noninterest income
$0Fiduciary activities
$183Service charges on deposit accounts
$0Trading account gains & fees
$62Additional noninterest income
$1,137Total noninterest expense
$501Salaries and employee benefits
$225Premises and equipment expense
$411Additional noninterest expense
$12Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$12Income before extraordinary items
$0Extraordinary gains - net
$12Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$34Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.90%Yield on earning assets
1.27%Cost of funding earning assets
4.63%Net interest margin
1.22%Noninterest income to earning assets
5.67%Noninterest expense to earning assets
0.05%Net operating income to assets
0.05%Return on assets (ROA)
0.05%Pretax return on assets
0.37%Return on equity (ROE)
0.37%Retained earnings to average equity (YTD only)
0.22%Net charge-offs to loans
70.59%Credit loss provision to net charge-offs
1.06%Efficiency ratio
96,931Assets per employee
1.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.21%Loss allowance to noncurrent loans
160.98%Noncurrent assets plus other real estate owned to assets
1.21%Noncurrent loans to loans
0.75%Net loans and leases to deposits
72.97%Net loans and leases to core deposits
83.18%Equity capital to assets
12.70%Core capital (leverage) ratio
13.07%Tier 1 risk-based capital ratio
18.77%Total risk-based capital ratio
Memoranda
$20Average assets
$24,386Average earning assets
$3,255Average equity
$20,047Average loans
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