FDIC Certificate #: 57105 Status: Inactive Closing history: Corrections Acquiring institution:State Bank and Trust Company (#57870) Federal Reserve ID: 3115129 Date Established: May 20, 2002 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 357864 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 20, 2002 Last Structure Change Effective Date: July 24, 2009 Last Structure Change Process Date: July 27, 2009 Last Data Update: July 27, 2009 Data Source Date: April 05, 2012
Location
Address: 155 Towne Lake Parkway, Woodstock, GA 30188 County: Cherokee 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
Absorption - Assisted
Corrections
Financial Summary
Total assets: $184.2 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
19Total employees (full-time equivalent)
$237,526Total assets
$33,953Cash and due from depository institutions
$32,303Interest-bearing balances
$29,233Securities
$86Federal funds sold & reverse repurchase agreements
$156,147Net loans & leases
$5,406Loan loss allowance
$0Trading account assets
$2,597Bank premises and fixed assets
$11,739Other real estate owned
$534Goodwill and other intangibles
$0Life insurance assets
$3,237All other assets
$237,526Total liabilities and capital
$227,660Total liabilities
$219,722Total deposits
$215,312Interest-bearing deposits
$219,722Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,000Other borrowed funds
$0Subordinated debt
$2,938All other liabilities
$9,866Total equity capital
$9,866Total bank equity capital
$9,866Perpetual preferred stock
$0Common stock
$1Surplus
$37,014Undivided profits
Memoranda
$-27,149Noncurrent loans and leases
$11,895Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$28,964Earning assets
$0Long-term assets (5+ years)
$846Average Assets, year-to-date
$217,769Average Assets, quarterly
$7,235Volatile liabilities
$227,377Insider loans
$240,498FHLB advances
$123,920Loans and leases held for sale
$1,097Unused loan commitments
$5,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,895Total unused commitments
$0Restructured Loans and leases
$2,230Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$11,203Total interest income
$8,518Total interest expense
$2,685Net interest income
$7,485Provision for loan and lease losses
-$1,162Total noninterest income
$0Fiduciary activities
$71Service charges on deposit accounts
$0Trading account gains & fees
-$1,233Additional noninterest income
$22,397Total noninterest expense
$2,110Salaries and employee benefits
$277Premises and equipment expense
$20,010Additional noninterest expense
-$28,359Pre-tax net operating income
$273Securities gains (losses)
$156Applicable income taxes
-$28,242Income before extraordinary items
$0Extraordinary gains - net
-$28,242Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$5,377Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.72%Yield on earning assets
4.35%Cost of funding earning assets
1.37%Net interest margin
-0.59%Noninterest income to earning assets
11.43%Noninterest expense to earning assets
-12.54%Net operating income to assets
-12.42%Return on assets (ROA)
-12.35%Pretax return on assets
-123.77%Return on equity (ROE)
-123.77%Retained earnings to average equity (YTD only)
3.15%Net charge-offs to loans
139.20%Credit loss provision to net charge-offs
-3.88%Efficiency ratio
325,542Assets per employee
12.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.35%Loss allowance to noncurrent loans
18.66%Noncurrent assets plus other real estate owned to assets
17.14%Noncurrent loans to loans
17.93%Net loans and leases to deposits
71.07%Net loans and leases to core deposits
162.99%Equity capital to assets
4.15%Core capital (leverage) ratio
3.89%Tier 1 risk-based capital ratio
5.35%Total risk-based capital ratio
Memoranda
$7Average assets
$227,377Average earning assets
$22,819Average equity
$195,927Average loans
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