FDIC Certificate #: 19883 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:FLAG Bank (#186) Federal Reserve ID: 454836 Date Established: April 10, 1946 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 12505 FDIC's unique #: 13670 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes Oakar Institutions: Yes State Chartered: No Date of Deposit Insurance: January 18, 1995 Last Structure Change Effective Date: December 31, 1998 Last Structure Change Process Date: Febuary 03, 1999 Last Data Update: Febuary 03, 1999 Data Source Date: April 05, 2012
Location
Address: North Railroad And West Main Streets, Cobbtown, GA 30420 County: Tattnall Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Albany Ga Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast
Financial Summary
Total assets: $26.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
23Total employees (full-time equivalent)
$30,870Total assets
$1,119Cash and due from depository institutions
$17Interest-bearing balances
$2,827Securities
$250Federal funds sold & reverse repurchase agreements
$24,022Net loans & leases
$651Loan loss allowance
$0Trading account assets
$1,214Bank premises and fixed assets
$172Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,266All other assets
$30,870Total liabilities and capital
$29,347Total liabilities
$28,348Total deposits
$26,426Interest-bearing deposits
$28,348Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$500Other borrowed funds
$0Subordinated debt
$499All other liabilities
$1,523Total equity capital
$1,523Total bank equity capital
$1,523Perpetual preferred stock
$0Common stock
$175Surplus
$1,180Undivided profits
Memoranda
$168Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$770Earning assets
$0Long-term assets (5+ years)
$675Average Assets, year-to-date
$27,116Average Assets, quarterly
$0Volatile liabilities
$28,405Insider loans
$31,450FHLB advances
$7,790Loans and leases held for sale
$139Unused loan commitments
$500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,074Total unused commitments
$0Restructured Loans and leases
$22,871Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$2,579Total interest income
$1,335Total interest expense
$1,244Net interest income
$580Provision for loan and lease losses
$513Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$513Additional noninterest income
$1,377Total noninterest expense
$684Salaries and employee benefits
$378Premises and equipment expense
$315Additional noninterest expense
-$200Pre-tax net operating income
$0Securities gains (losses)
-$68Applicable income taxes
-$132Income before extraordinary items
$0Extraordinary gains - net
-$132Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$151Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
10.24%Yield on earning assets
5.30%Cost of funding earning assets
4.94%Net interest margin
2.04%Noninterest income to earning assets
5.47%Noninterest expense to earning assets
-0.46%Net operating income to assets
-0.46%Return on assets (ROA)
-0.70%Pretax return on assets
-7.78%Return on equity (ROE)
-7.78%Retained earnings to average equity (YTD only)
0.68%Net charge-offs to loans
384.11%Credit loss provision to net charge-offs
2.52%Efficiency ratio
78,372Assets per employee
1.34%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.64%Loss allowance to noncurrent loans
84.55%Noncurrent assets plus other real estate owned to assets
3.05%Noncurrent loans to loans
3.12%Net loans and leases to deposits
84.74%Net loans and leases to core deposits
114.08%Equity capital to assets
4.93%Core capital (leverage) ratio
4.97%Tier 1 risk-based capital ratio
6.72%Total risk-based capital ratio
Memoranda
$8Average assets
$28,405Average earning assets
$1,697Average equity
$25,183Average loans
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