FDIC Certificate #: 15878 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Ameris Bank (#20504) Federal Reserve ID: 479932 Date Established: September 24, 1925 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 #: 12761 FDIC's unique #: 10115 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: Febuary 03, 1942 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: 109 West Third Street, Donalsonville, GA 31745 County: Seminole 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
Financial Summary
Total assets: $97.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
24Total employees (full-time equivalent)
$97,123Total assets
$4,440Cash and due from depository institutions
$658Interest-bearing balances
$22,654Securities
$9,432Federal funds sold & reverse repurchase agreements
$54,273Net loans & leases
$919Loan loss allowance
$0Trading account assets
$1,220Bank premises and fixed assets
$46Other real estate owned
$3,188Goodwill and other intangibles
$0Life insurance assets
$1,870All other assets
$97,123Total liabilities and capital
$86,046Total liabilities
$78,910Total deposits
$69,414Interest-bearing deposits
$78,910Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,700Other borrowed funds
$0Subordinated debt
$436All other liabilities
$11,077Total equity capital
$11,077Total bank equity capital
$11,077Perpetual preferred stock
$0Common stock
$400Surplus
$9,056Undivided profits
Memoranda
$1,621Noncurrent loans and leases
$5,376Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$158Earning assets
$0Long-term assets (5+ years)
$1,026Average Assets, year-to-date
$87,017Average Assets, quarterly
$10,997Volatile liabilities
$92,544Insider loans
$94,911FHLB advances
$11,259Loans and leases held for sale
$6,676Unused loan commitments
$6,700Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,376Total unused commitments
$0Restructured Loans and leases
$720Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$5,378Total interest income
$1,504Total interest expense
$3,874Net interest income
$188Provision for loan and lease losses
$699Total noninterest income
$0Fiduciary activities
$608Service charges on deposit accounts
$0Trading account gains & fees
$91Additional noninterest income
$2,631Total noninterest expense
$1,109Salaries and employee benefits
$232Premises and equipment expense
$1,290Additional noninterest expense
$1,754Pre-tax net operating income
-$4Securities gains (losses)
$579Applicable income taxes
$1,171Income before extraordinary items
$0Extraordinary gains - net
$1,171Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$80Sale, conversion, retirement of capital stock, net
$1,100Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.41%Yield on earning assets
1.79%Cost of funding earning assets
4.62%Net interest margin
0.83%Noninterest income to earning assets
3.14%Noninterest expense to earning assets
1.27%Net operating income to assets
1.27%Return on assets (ROA)
1.89%Pretax return on assets
10.83%Return on equity (ROE)
0.66%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
235.00%Credit loss provision to net charge-offs
24.27%Efficiency ratio
53,838Assets per employee
4.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
93.94%Loss allowance to loans
1.67%Loss allowance to noncurrent loans
581.65%Noncurrent assets plus other real estate owned to assets
0.21%Noncurrent loans to loans
0.29%Net loans and leases to deposits
68.78%Net loans and leases to core deposits
80.22%Equity capital to assets
11.41%Core capital (leverage) ratio
9.14%Tier 1 risk-based capital ratio
14.11%Total risk-based capital ratio
Memoranda
$15Average assets
$92,544Average earning assets
$10,808Average equity
$83,870Average loans
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