FDIC Certificate #: 58750 Status: Active Federal Reserve ID: 3717578 Bank Holding Company (Regulatory Top Holder): Resurgens Bancorp (RSSDID: 3717569, Location: Atlanta, GA) Date Established: June 09, 2008 WWW:http://www.resurgensbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 466527 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: June 09, 2008 Last Structure Change Effective Date: June 09, 2008 Last Structure Change Process Date: June 10, 2008 Last Data Update: June 10, 2008 Data Source Date: April 05, 2012
Location
Address: 2300 Henderson Mill Road, Ne Suite 100, Atlanta, GA 30345 County: Dekalb 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
Change in Geographic Region/Area/Territory/Field Office
New Institution
Financial Summary
Total assets: $82.4 mil Equity capital: $12.4 mil Deposits held in domestic offices: $69.7 mil Return on assets (ROA): -0.36% (-$0.3 mil) Quarterly return on assets: 0.93% ($0.8 mil) Return on Equity (ROE): -2.69% (-$0.3 mil) Quarterly return on equity: 6.18% ($0.7 mil) Net income: -$0.3 mil Quarterly Net income: $0.2 mil Pretax return on assets: -0.36% (-$296.6 mil) Quarterly Pretax return on assets: 0.93% ($766.2 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
15Total employees (full-time equivalent)
$82,385Total assets
$9,721Cash and due from depository institutions
$7,506Interest-bearing balances
$12,408Securities
$182Federal funds sold & reverse repurchase agreements
$57,885Net loans & leases
$1,747Loan loss allowance
$0Trading account assets
$265Bank premises and fixed assets
$142Other real estate owned
$0Goodwill and other intangibles
$82,385Life insurance assets
$1,782All other assets
$69,956Total liabilities and capital
$69,729Total liabilities
$64,042Total deposits
$69,729Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$227Subordinated debt
$12,429All other liabilities
$12,429Total equity capital
$12,429Total bank equity capital
$0Perpetual preferred stock
$6,125Common stock
$9,273Surplus
$-2,969Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,853Income earned, not collected on loans
$0Earning assets
$360Long-term assets (5+ years)
$77,981Average Assets, year-to-date
$14,760Average Assets, quarterly
$81,702Volatile liabilities
$81,944Insider loans
$63,474FHLB advances
$82,523Loans and leases held for sale
$1,075Unused loan commitments
$538Tier 1 (core) risk-based capital
$12,414Tier 2 risk-based capital
$0Total risk weighted assets
$537Total unused commitments
$8,634Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$3,986Total interest income
$918Total interest expense
$3,068Net interest income
$993Provision for loan and lease losses
$180Total noninterest income
$0Fiduciary activities
$121Service charges on deposit accounts
$0Trading account gains & fees
$59Additional noninterest income
$2,568Total noninterest expense
$1,622Salaries and employee benefits
$206Premises and equipment expense
$740Additional noninterest expense
-$313Pre-tax net operating income
$16Securities gains (losses)
$0Applicable income taxes
-$297Income before extraordinary items
$0Extraordinary gains - net
-$297Net income attributable to bank
$0Net charge-offs
-$297Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.09%Yield on earning assets
1.17%Cost of funding earning assets
3.92%Net interest margin
0.23%Noninterest income to earning assets
3.28%Noninterest expense to earning assets
-0.38%Net operating income to assets
-0.36%Return on assets (ROA)
-0.36%Pretax return on assets
-2.69%Return on equity (ROE)
-2.69%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
79,064Assets per employee
5.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.93%Loss allowance to noncurrent loans
94.28%Noncurrent assets plus other real estate owned to assets
2.42%Noncurrent loans to loans
3.11%Net loans and leases to deposits
83.01%Net loans and leases to core deposits
84.11%Equity capital to assets
15.09%Core capital (leverage) ratio
15.04%Tier 1 risk-based capital ratio
19.56%Total risk-based capital ratio
Memoranda
$21Average assets
$81,702Average earning assets
$11,041Average equity
$78,254Average loans
List of branches
1 Georgia Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
466527
Resurgens Bank
2300 Henderson Mill Road, Ne Suite 100, Atlanta, GA 30345
June 09, 2008
Full Service Brick and Mortar
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