FDIC Certificate #: 16303 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Prudential Bank & Trust, FSB (#32957) Federal Reserve ID: 443036 Date Established: September 04, 1945 WWW:http://www.prudential.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 10491 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: September 04, 1945 Last Structure Change Effective Date: April 01, 2004 Last Structure Change Process Date: April 19, 2004 Last Data Update: April 19, 2004 Data Source Date: April 05, 2012
Location
Address: One Ravinia Drive, Suite 1000, Atlanta, GA 30346 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)
Financial Summary
Total assets: $108.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
99Total employees (full-time equivalent)
$390,325Total assets
$1,866Cash and due from depository institutions
$0Interest-bearing balances
$1,168Securities
$18,000Federal funds sold & reverse repurchase agreements
$361,727Net loans & leases
$0Loan loss allowance
$0Trading account assets
$1,104Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$6,460All other assets
$390,325Total liabilities and capital
$257,597Total liabilities
$73,454Total deposits
$72,314Interest-bearing deposits
$73,454Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$162,000Other borrowed funds
$0Subordinated debt
$22,143All other liabilities
$132,728Total equity capital
$132,728Total bank equity capital
$132,728Perpetual preferred stock
$0Common stock
$1,020Surplus
$226,495Undivided profits
Memoranda
$-94,787Noncurrent loans and leases
$269,176Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$30Earning assets
$0Long-term assets (5+ years)
$797Average Assets, year-to-date
$380,895Average Assets, quarterly
$587Volatile liabilities
$603,654Insider loans
$535,891FHLB advances
$170,099Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$932Tier 2 risk-based capital
$361,727Total risk weighted assets
$269,176Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$18,032Total interest income
$6,634Total interest expense
$11,398Net interest income
-$1,636Provision for loan and lease losses
$14,791Total noninterest income
$1,741Fiduciary activities
$3Service charges on deposit accounts
$0Trading account gains & fees
$13,047Additional noninterest income
$40,241Total noninterest expense
$15,967Salaries and employee benefits
$2,709Premises and equipment expense
$21,565Additional noninterest expense
-$12,416Pre-tax net operating income
$0Securities gains (losses)
-$3,711Applicable income taxes
-$8,705Income before extraordinary items
$6Extraordinary gains - net
-$8,699Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$22Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.03%Yield on earning assets
1.11%Cost of funding earning assets
1.92%Net interest margin
2.49%Noninterest income to earning assets
6.76%Noninterest expense to earning assets
-1.44%Net operating income to assets
-1.44%Return on assets (ROA)
-2.06%Pretax return on assets
-6.28%Return on equity (ROE)
-6.28%Retained earnings to average equity (YTD only)
-0.00%Net charge-offs to loans
7436.36%Credit loss provision to net charge-offs
0.00%Efficiency ratio
153,656Assets per employee
3.94%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.01%Noncurrent loans to loans
0.01%Net loans and leases to deposits
492.45%Net loans and leases to core deposits
553.48%Equity capital to assets
34.00%Core capital (leverage) ratio
22.46%Tier 1 risk-based capital ratio
42.87%Total risk-based capital ratio
Memoranda
$43Average assets
$603,654Average earning assets
$138,487Average equity
$595,193Average loans
Total Fiduciary and Related Assets (December 31, 2003)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$670,009Managed Assets
1Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
722Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$670,009Other retirement accounts
$0Corporate trust and agency accounts
$76,171Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
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