FDIC Certificate #: 21393 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Queensborough National Bank & Trust Company (#2138) Federal Reserve ID: 615936 Date Established: January 07, 1974 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 14797 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 07, 1974 Last Structure Change Effective Date: March 01, 1999 Last Structure Change Process Date: March 15, 1999 Last Data Update: March 15, 1999 Data Source Date: April 05, 2012
Location
Address: 311 East Winthrope Avenue, Millen, GA 30442 County: Jenkins 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 Summary
Total assets: $21.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
13Total employees (full-time equivalent)
$21,756Total assets
$1,206Cash and due from depository institutions
$0Interest-bearing balances
$4,155Securities
$1,330Federal funds sold & reverse repurchase agreements
$13,643Net loans & leases
$248Loan loss allowance
$0Trading account assets
$548Bank premises and fixed assets
$0Other real estate owned
$607Goodwill and other intangibles
$0Life insurance assets
$267All other assets
$21,756Total liabilities and capital
$18,555Total liabilities
$18,301Total deposits
$14,226Interest-bearing deposits
$18,301Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$254All other liabilities
$3,201Total equity capital
$3,201Total bank equity capital
$3,201Perpetual preferred stock
$0Common stock
$304Surplus
$2,493Undivided profits
Memoranda
$404Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$197Earning assets
$0Long-term assets (5+ years)
$245Average Assets, year-to-date
$19,128Average Assets, quarterly
$3,259Volatile liabilities
$23,000Insider loans
$20,751FHLB advances
$1,570Loans and leases held for sale
$522Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$683Total unused commitments
$0Restructured Loans and leases
$14,305Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$1,720Total interest income
$607Total interest expense
$1,113Net interest income
$21Provision for loan and lease losses
$223Total noninterest income
$0Fiduciary activities
$193Service charges on deposit accounts
$0Trading account gains & fees
$30Additional noninterest income
$813Total noninterest expense
$403Salaries and employee benefits
$96Premises and equipment expense
$314Additional noninterest expense
$502Pre-tax net operating income
$0Securities gains (losses)
$166Applicable income taxes
$336Income before extraordinary items
$0Extraordinary gains - net
$336Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$18Sale, conversion, retirement of capital stock, net
$200Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.59%Yield on earning assets
3.03%Cost of funding earning assets
5.56%Net interest margin
1.11%Noninterest income to earning assets
4.06%Noninterest expense to earning assets
1.46%Net operating income to assets
1.46%Return on assets (ROA)
2.18%Pretax return on assets
10.66%Return on equity (ROE)
4.31%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
116.67%Credit loss provision to net charge-offs
29.06%Efficiency ratio
57,111Assets per employee
1.67%Cash dividends to net income (YTD only)
Condition Ratios (%)
59.52%Loss allowance to loans
1.79%Loss allowance to noncurrent loans
125.89%Noncurrent assets plus other real estate owned to assets
0.91%Noncurrent loans to loans
1.42%Net loans and leases to deposits
74.55%Net loans and leases to core deposits
81.54%Equity capital to assets
14.71%Core capital (leverage) ratio
13.16%Tier 1 risk-based capital ratio
18.34%Total risk-based capital ratio
Memoranda
$20Average assets
$23,000Average earning assets
$3,152Average equity
$20,030Average loans
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