New Horizons Bank in East Ellijay, Georgia (GA)



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New Horizons Bank routing number info

Table of contents:
New Horizons Bank
GeneralFDIC Certificate #: 57705
Status: Inactive
Closing history: Absorption - Assisted
Acquiring institution: Citizens South Bank (#28833)
Federal Reserve ID: 3236396
Date Established: May 21, 2004
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 420387
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: May 21, 2004
Last Structure Change Effective Date: April 15, 2011
Last Structure Change Process Date: April 18, 2011
Last Data Update: April 18, 2011
Data Source Date: April 05, 2012
LocationAddress: 489 Highland Xing, East Ellijay, GA 30540
County: Gilmer
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
Financial SummaryTotal assets: $103.1 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)
Total employees (full-time equivalent)22
Total assets$110,711
Cash and due from depository institutions$11,710
Interest-bearing balances$11,313
Securities$10,433
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$74,154
Loan loss allowance $3,908
Trading account assets$0
Bank premises and fixed assets$3,795
Other real estate owned$9,562
Goodwill and other intangibles$0
All other assets$1,057
Life insurance assets$0
Total liabilities and capital$110,711
Total liabilities$110,226
Total deposits$106,121
Interest-bearing deposits$101,667
Deposits held in domestic offices$106,121
% insured (estimated)99.63%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $4,000
Subordinated debt $0
All other liabilities $105
Total equity capital$485
Total bank equity capital$485
Perpetual preferred stock$485
Common stock$0
Surplus$4,000
Undivided profits $6,510
Memoranda
Noncurrent loans and leases $-10,025
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $2,731
Income earned, not collected on loans $0
Earning assets $7,909
Long-term assets (5+ years) $0
Average Assets, year-to-date $423
Average Assets, quarterly $95,900
Volatile liabilities $10,140
Insider loans $120,527
FHLB advances $114,876
Loans and leases held for sale $27,935
Unused loan commitments $413
Tier 1 (core) risk-based capital $4,000
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $2,731
Restructured Loans and leases $7,335
Derivatives$309
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Income and Expense (December 31, 2010)
(Dollar figures in thousands)
Total interest income $5,205
Total interest expense $2,200
Net interest income $3,005
Provision for loan and lease losses $5,717
Total noninterest income -$451
Fiduciary activities $0
Service charges on deposit accounts $100
Trading account gains & fees $0
Additional noninterest income -$551
Total noninterest expense $3,797
Salaries and employee benefits $1,505
Premises and equipment expense $369
Additional noninterest expense $1,923
Pre-tax net operating income -$6,960
Securities gains (losses) $34
Applicable income taxes $0
Income before extraordinary items -$6,926
Extraordinary gains - net $0
Net income attributable to bank -$6,926
Net charge-offs $0
Cash dividends -$6,926
Sale, conversion, retirement of capital stock, net $4,842
Net operating income $0
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Performance and Condition Ratios (December 31, 2010)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.81%
Cost of funding earning assets 2.03%
Net interest margin 2.78%
Noninterest income to earning assets -0.42%
Noninterest expense to earning assets 3.51%
Net operating income to assets -5.77%
Return on assets (ROA) -5.75%
Pretax return on assets -5.75%
Return on equity (ROE) -139.34%
Retained earnings to average equity (YTD only) -139.34%
Net charge-offs to loans 5.37%
Credit loss provision to net charge-offs 118.07%
Efficiency ratio-0.26%
Assets per employee$148,669
Cash dividends to net income (YTD only)5.03%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 5.01%
Noncurrent assets plus other real estate owned to assets 49.41%
Noncurrent loans to loans 15.78%
Net loans and leases to deposits10.13%
Net loans and leases to core deposits 69.88%
Equity capital to assets 93.65%
Core capital (leverage) ratio 0.44%
Tier 1 risk-based capital ratio 0.26%
Total risk-based capital ratio 0.37%
Memoranda
Average assets$1
Average earning assets$120,527
Average equity $4,970
Average loans $108,128
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