United Community Bank Towns County in Hiawassee, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 01, 2002

United Community Bank Towns County in Hiawassee, Georgia (GA)
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United Community Bank Towns County - Overview

General
FDIC Certificate #: 26642
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: United Community Bank (#16889)
Federal Reserve ID: 471570
Date Established: March 28, 1986
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 11918
FDIC's unique #: 35374
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: March 28, 1986
Last Structure Change Effective Date: December 01, 2002
Last Structure Change Process Date: January 15, 2003
Last Data Update: January 15, 2003
Data Source Date: April 05, 2012
Location
Address: 30 Main Street, Hiawassee, GA 30546
County: Towns
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
Financial Summary
Total assets: $117.6 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, 2001)

Dollar figures in thousands
26Total employees (full-time equivalent)
$106,239Total assets
$4,713Cash and due from depository institutions
$432Interest-bearing balances
$18,482Securities
$0Federal funds sold & reverse repurchase agreements
$78,289Net loans & leases
$941Loan loss allowance
$0Trading account assets
$1,230Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,525All other assets
$106,239Total liabilities and capital
$96,984Total liabilities
$83,486Total deposits
$74,073Interest-bearing deposits
$83,486Deposits held in domestic offices
0.00%% insured (estimated)
$8,163Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,000Other borrowed funds
$0Subordinated debt
$335All other liabilities
$9,255Total equity capital
$9,255Total bank equity capital
$9,255Perpetual preferred stock
$0Common stock
$601Surplus
$4,199Undivided profits
Memoranda
$4,455Noncurrent loans and leases
$10,561Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$294Earning assets
$0Long-term assets (5+ years)
$852Average Assets, year-to-date
$97,203Average Assets, quarterly
$6,850Volatile liabilities
$105,878Insider loans
$106,049FHLB advances
$21,879Loans and leases held for sale
$2,636Unused loan commitments
$5,000Tier 1 (core) risk-based capital
$1,000Tier 2 risk-based capital
$0Total risk weighted assets
$10,561Total unused commitments
$0Restructured Loans and leases
$911Derivatives

Income and Expense (December 31, 2001)

Dollar figures in thousands
$8,687Total interest income
$4,090Total interest expense
$4,597Net interest income
$100Provision for loan and lease losses
$463Total noninterest income
$0Fiduciary activities
$264Service charges on deposit accounts
$0Trading account gains & fees
$199Additional noninterest income
$2,517Total noninterest expense
$1,042Salaries and employee benefits
$207Premises and equipment expense
$1,268Additional noninterest expense
$2,443Pre-tax net operating income
$6Securities gains (losses)
$811Applicable income taxes
$1,638Income before extraordinary items
$0Extraordinary gains - net
$1,638Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$175Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2001)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.82%Yield on earning assets
4.15%Cost of funding earning assets
4.67%Net interest margin
0.47%Noninterest income to earning assets
2.56%Noninterest expense to earning assets
1.54%Net operating income to assets
1.55%Return on assets (ROA)
2.31%Pretax return on assets
18.86%Return on equity (ROE)
18.86%Retained earnings to average equity (YTD only)
0.22%Net charge-offs to loans
57.14%Credit loss provision to net charge-offs
14.53%Efficiency ratio
49,743Assets per employee
4.09%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.19%Loss allowance to noncurrent loans
320.07%Noncurrent assets plus other real estate owned to assets
0.28%Noncurrent loans to loans
0.37%Net loans and leases to deposits
93.78%Net loans and leases to core deposits
107.58%Equity capital to assets
8.71%Core capital (leverage) ratio
8.48%Tier 1 risk-based capital ratio
12.32%Total risk-based capital ratio
Memoranda
$14Average assets
$105,878Average earning assets
$8,685Average equity
$98,483Average loans

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