FDIC Certificate #: 22238 Status: Inactive Federal Reserve ID: 293026 Date Established: March 08, 1976 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 7 (Interstate: No) FDIC's unique #: 15454 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: March 08, 1976 Last Structure Change Effective Date: March 27, 2009 Last Structure Change Process Date: November 24, 2010 Last Data Update: November 24, 2010 Data Source Date: April 05, 2012
Location
Address: 5 Concourse Parkway, Suite 100, Atlanta, GA 30328 County: Fulton 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 Metropolitan Statistical Area (MSA): Atlanta, GA (#520) Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122) Core Based Statistical Area (CBSA): Atlanta-Sandy Springs-Marietta, GA (#12060) CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
History of Changes
Financial Difficulty - Payoff
Office Sold
Corrections
Financial Summary
Total assets: $979.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
144Total employees (full-time equivalent)
$979,585Total assets
$102,074Cash and due from depository institutions
$100,903Interest-bearing balances
$166,868Securities
$5,604Federal funds sold & reverse repurchase agreements
$551,487Net loans & leases
$21,617Loan loss allowance
$0Trading account assets
$29,650Bank premises and fixed assets
$83,660Other real estate owned
$1,320Goodwill and other intangibles
$1,302Life insurance assets
$38,922All other assets
$979,585Total liabilities and capital
$930,716Total liabilities
$813,205Total deposits
$803,423Interest-bearing deposits
$813,205Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$105,000Other borrowed funds
$2,000Subordinated debt
$10,511All other liabilities
$48,869Total equity capital
$48,869Total bank equity capital
$48,869Perpetual preferred stock
$0Common stock
$3,674Surplus
$64,332Undivided profits
Memoranda
$-19,137Noncurrent loans and leases
$18,996Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$113,839Earning assets
$0Long-term assets (5+ years)
$3,816Average Assets, year-to-date
$824,862Average Assets, quarterly
$208,430Volatile liabilities
$986,003Insider loans
$1,006,580FHLB advances
$179,879Loans and leases held for sale
$0Unused loan commitments
$105,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$18,996Total unused commitments
$7,939Restructured Loans and leases
$11,165Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$54,157Total interest income
$40,783Total interest expense
$13,374Net interest income
$12,190Provision for loan and lease losses
$11,556Total noninterest income
$0Fiduciary activities
$750Service charges on deposit accounts
$0Trading account gains & fees
$10,806Additional noninterest income
$36,870Total noninterest expense
$15,052Salaries and employee benefits
$5,027Premises and equipment expense
$16,791Additional noninterest expense
-$24,130Pre-tax net operating income
$179Securities gains (losses)
-$9,383Applicable income taxes
-$14,568Income before extraordinary items
$0Extraordinary gains - net
-$14,568Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$19,826Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.44%Yield on earning assets
4.85%Cost of funding earning assets
1.59%Net interest margin
1.38%Noninterest income to earning assets
4.39%Noninterest expense to earning assets
-1.49%Net operating income to assets
-1.48%Return on assets (ROA)
-2.43%Pretax return on assets
-25.92%Return on equity (ROE)
-25.92%Retained earnings to average equity (YTD only)
3.10%Net charge-offs to loans
61.48%Credit loss provision to net charge-offs
-0.60%Efficiency ratio
147,798Assets per employee
6.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.77%Loss allowance to noncurrent loans
18.99%Noncurrent assets plus other real estate owned to assets
19.32%Noncurrent loans to loans
19.86%Net loans and leases to deposits
67.82%Net loans and leases to core deposits
87.08%Equity capital to assets
4.99%Core capital (leverage) ratio
3.00%Tier 1 risk-based capital ratio
4.24%Total risk-based capital ratio
Memoranda
$6Average assets
$986,003Average earning assets
$56,194Average equity
$840,333Average loans
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