FDIC Certificate #: 19713 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:United Community Bank (#16889) Federal Reserve ID: 160333 Date Established: June 15, 1967 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 14649 FDIC's unique #: 13509 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: June 15, 1967 Last Structure Change Effective Date: April 25, 2001 Last Structure Change Process Date: July 20, 2001 Last Data Update: July 20, 2001 Data Source Date: April 05, 2012
Location
Address: 307 East 2nd Avenue, Rome, GA 30162 County: Floyd 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 Core Based Statistical Area (CBSA): Rome, GA (#40660) CBSA Metro Statistical Area: Rome, GA (#40660)
Financial Summary
Total assets: $160.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
63Total employees (full-time equivalent)
$151,767Total assets
$2,584Cash and due from depository institutions
$147Interest-bearing balances
$30,261Securities
$8,210Federal funds sold & reverse repurchase agreements
$104,708Net loans & leases
$1,555Loan loss allowance
$0Trading account assets
$3,245Bank premises and fixed assets
$8Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,751All other assets
$151,767Total liabilities and capital
$141,711Total liabilities
$125,853Total deposits
$111,282Interest-bearing deposits
$125,853Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$15,000Other borrowed funds
$0Subordinated debt
$858All other liabilities
$10,056Total equity capital
$10,056Total bank equity capital
$10,056Perpetual preferred stock
$0Common stock
$720Surplus
$6,700Undivided profits
Memoranda
$2,636Noncurrent loans and leases
$12,028Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$264Earning assets
$0Long-term assets (5+ years)
$903Average Assets, year-to-date
$143,326Average Assets, quarterly
$23,513Volatile liabilities
$139,254Insider loans
$153,531FHLB advances
$25,679Loans and leases held for sale
$1,950Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$12,028Total unused commitments
$0Restructured Loans and leases
$1,397Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$12,262Total interest income
$6,354Total interest expense
$5,908Net interest income
$814Provision for loan and lease losses
$945Total noninterest income
$0Fiduciary activities
$723Service charges on deposit accounts
$0Trading account gains & fees
$222Additional noninterest income
$4,054Total noninterest expense
$2,382Salaries and employee benefits
$465Premises and equipment expense
$1,207Additional noninterest expense
$1,985Pre-tax net operating income
-$20Securities gains (losses)
$642Applicable income taxes
$1,323Income before extraordinary items
$0Extraordinary gains - net
$1,323Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$346Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.67%Yield on earning assets
5.01%Cost of funding earning assets
4.66%Net interest margin
0.74%Noninterest income to earning assets
3.20%Noninterest expense to earning assets
0.96%Net operating income to assets
0.95%Return on assets (ROA)
1.41%Pretax return on assets
14.89%Return on equity (ROE)
14.89%Retained earnings to average equity (YTD only)
0.37%Net charge-offs to loans
235.26%Credit loss provision to net charge-offs
8.09%Efficiency ratio
59,157Assets per employee
2.41%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.46%Loss allowance to noncurrent loans
589.02%Noncurrent assets plus other real estate owned to assets
0.18%Noncurrent loans to loans
0.25%Net loans and leases to deposits
83.20%Net loans and leases to core deposits
104.53%Equity capital to assets
6.63%Core capital (leverage) ratio
6.70%Tier 1 risk-based capital ratio
9.10%Total risk-based capital ratio
Memoranda
$10Average assets
$139,254Average earning assets
$8,882Average equity
$126,850Average loans
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