R-G Crown Bank, National Association in Augusta, Georgia (GA)



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R-G Crown Bank, National Association
GeneralFDIC Certificate #: 32337
Status: Inactive
Closing history: Name Change
Acquiring institution: Fifth Third Bank, National Association (#32712)
Federal Reserve ID: 789976
Date Established: June 20, 1985
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 33 (Interstate: No)
OTS Docket #: 8159
FDIC's unique #: 45171
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: June 20, 1985
Last Structure Change Effective Date: November 02, 2007
Last Structure Change Process Date: November 26, 2007
Last Data Update: November 26, 2007
Data Source Date: April 05, 2012
LocationAddress: 3007 Pine Needle Road, Augusta, GA 30909
County: Richmond
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Tampa
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Augusta-Aiken, GA-SC (#600)
Core Based Statistical Area (CBSA): Augusta-Richmond County, GA-SC (#12260)
CBSA Metro Statistical Area: Augusta-Richmond County, GA-SC (#12260)
History of ChangesMerger - Without Assistance
Participated in Reorganization
Name Change
Financial SummaryTotal assets: $2,791.0 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, 2006)
(Dollar figures in thousands)
Total employees (full-time equivalent)541
Total assets$3,227,159
Cash and due from depository institutions$79,390
Interest-bearing balances$1
Securities$267,837
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$2,585,835
Loan loss allowance $15,943
Trading account assets$4,308
Bank premises and fixed assets$22,235
Other real estate owned$1,975
Goodwill and other intangibles$167,069
All other assets$98,510
Life insurance assets$0
Total liabilities and capital$3,227,159
Total liabilities$2,836,181
Total deposits$1,950,224
Interest-bearing deposits$1,769,919
Deposits held in domestic offices$1,950,224
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $131,483
Trading liabilities$0
Other borrowed funds $742,000
Subordinated debt $0
All other liabilities $12,474
Total equity capital$390,978
Total bank equity capital$390,978
Perpetual preferred stock$390,978
Common stock$0
Surplus$5,383
Undivided profits $380,045
Memoranda
Noncurrent loans and leases $5,550
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $572,243
Income earned, not collected on loans $0
Earning assets $18,178
Long-term assets (5+ years) $0
Average Assets, year-to-date $13,335
Average Assets, quarterly $2,857,981
Volatile liabilities $0
Insider loans $3,177,827
FHLB advances $3,226,087
Loans and leases held for sale $1,770,074
Unused loan commitments $1,447
Tier 1 (core) risk-based capital $742,000
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $572,243
Restructured Loans and leases $0
Derivatives$15,943
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Income and Expense (December 31, 2006)
(Dollar figures in thousands)
Total interest income $177,864
Total interest expense $115,393
Net interest income $62,471
Provision for loan and lease losses $1,484
Total noninterest income $8,239
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $8,239
Total noninterest expense $73,218
Salaries and employee benefits $35,435
Premises and equipment expense $15,015
Additional noninterest expense $22,768
Pre-tax net operating income -$3,992
Securities gains (losses) $977
Applicable income taxes -$1,586
Income before extraordinary items -$1,429
Extraordinary gains - net $0
Net income attributable to bank -$1,429
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $2,572
Net operating income $4,461
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Performance and Condition Ratios (December 31, 2006)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.31%
Cost of funding earning assets 4.09%
Net interest margin 2.22%
Noninterest income to earning assets 0.29%
Noninterest expense to earning assets 2.60%
Net operating income to assets -0.06%
Return on assets (ROA) -0.04%
Pretax return on assets -0.09%
Return on equity (ROE) -0.37%
Retained earnings to average equity (YTD only) -1.55%
Net charge-offs to loans 0.10%
Credit loss provision to net charge-offs 57.70%
Efficiency ratio-0.98%
Assets per employee$98,031
Cash dividends to net income (YTD only)5.97%
Condition Ratios (%)
Loss allowance to loans -312.18%
Loss allowance to noncurrent loans 0.61%
Noncurrent assets plus other real estate owned to assets 87.70%
Noncurrent loans to loans 0.62%
Net loans and leases to deposits0.70%
Net loans and leases to core deposits 132.59%
Equity capital to assets 245.42%
Core capital (leverage) ratio 12.12%
Tier 1 risk-based capital ratio 7.35%
Total risk-based capital ratio 10.86%
Memoranda
Average assets$12
Average earning assets$3,177,827
Average equity $381,098
Average loans $2,819,411
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