FDIC Certificate #: 28880 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:SunTrust Bank (#867) Federal Reserve ID: 21171 Date Established: April 01, 1934 WWW:http://www.suntrust.com Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 2549 FDIC's unique #: 41714 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes Oakar Institutions: Yes State Chartered: No Date of Deposit Insurance: November 27, 1934 Last Structure Change Effective Date: April 22, 2005 Last Structure Change Process Date: May 06, 2005 Last Data Update: May 06, 2005 Data Source Date: April 05, 2012
Location
Address: One Commerce Square, Memphis, TN 38150 County: Shelby Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Memphis Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Memphis, TN-AR-MS (#4920) Core Based Statistical Area (CBSA): Memphis, TN-MS-AR (#32820) CBSA Metro Statistical Area: Memphis, TN-MS-AR (#32820)
Financial Summary
Total assets: $46.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
14Total employees (full-time equivalent)
$38,400Total assets
$2,555Cash and due from depository institutions
$6Interest-bearing balances
$11,586Securities
$5,400Federal funds sold & reverse repurchase agreements
$6,957Net loans & leases
$111Loan loss allowance
$0Trading account assets
$549Bank premises and fixed assets
$0Other real estate owned
$6,493Goodwill and other intangibles
$0Life insurance assets
$4,860All other assets
$38,399Total liabilities and capital
$26,879Total liabilities
$26,289Total deposits
$21,058Interest-bearing deposits
$26,289Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$590All other liabilities
$11,520Total equity capital
$11,520Total bank equity capital
$11,520Perpetual preferred stock
$0Common stock
$150Surplus
$11,400Undivided profits
Memoranda
$-30Noncurrent loans and leases
$1,824Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$118Earning assets
$0Long-term assets (5+ years)
$68Average Assets, year-to-date
$23,949Average Assets, quarterly
$0Volatile liabilities
$27,785Insider loans
$32,533FHLB advances
$5,564Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,824Total unused commitments
$0Restructured Loans and leases
$111Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$1,080Total interest income
$252Total interest expense
$828Net interest income
$207Provision for loan and lease losses
$883Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$883Additional noninterest income
$1,175Total noninterest expense
$573Salaries and employee benefits
$225Premises and equipment expense
$377Additional noninterest expense
$329Pre-tax net operating income
$0Securities gains (losses)
$137Applicable income taxes
$192Income before extraordinary items
$0Extraordinary gains - net
$192Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$194Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.51%Yield on earning assets
1.28%Cost of funding earning assets
4.22%Net interest margin
4.50%Noninterest income to earning assets
5.99%Noninterest expense to earning assets
0.69%Net operating income to assets
0.69%Return on assets (ROA)
1.18%Pretax return on assets
2.96%Return on equity (ROE)
2.96%Retained earnings to average equity (YTD only)
2.72%Net charge-offs to loans
106.70%Credit loss provision to net charge-offs
2.76%Efficiency ratio
67,855Assets per employee
2.74%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.57%Loss allowance to noncurrent loans
94.07%Noncurrent assets plus other real estate owned to assets
0.31%Noncurrent loans to loans
1.67%Net loans and leases to deposits
26.46%Net loans and leases to core deposits
33.57%Equity capital to assets
30.00%Core capital (leverage) ratio
15.61%Tier 1 risk-based capital ratio
54.77%Total risk-based capital ratio
Memoranda
$56Average assets
$27,785Average earning assets
$6,476Average equity
$19,612Average loans
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