FDIC Certificate #: 871 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Wachovia Bank, National Association (#817) Federal Reserve ID: 131333 Date Established: January 01, 1892 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 9 (Interstate: No) OTS Docket #: 12017 FDIC's unique #: 554 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: January 01, 1934 Last Structure Change Effective Date: May 11, 2000 Last Structure Change Process Date: May 30, 2000 Last Data Update: May 30, 2000 Data Source Date: April 05, 2012
Location
Address: 131 East Main Street, Canton, GA 30114 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)
Financial Summary
Total assets: $500.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
170Total employees (full-time equivalent)
$412,094Total assets
$19,077Cash and due from depository institutions
$89Interest-bearing balances
$95,852Securities
$1,636Federal funds sold & reverse repurchase agreements
$276,531Net loans & leases
$3,500Loan loss allowance
$0Trading account assets
$7,196Bank premises and fixed assets
$127Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$11,675All other assets
$412,094Total liabilities and capital
$373,629Total liabilities
$360,099Total deposits
$335,956Interest-bearing deposits
$360,099Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$10,000Other borrowed funds
$0Subordinated debt
$3,530All other liabilities
$38,465Total equity capital
$38,465Total bank equity capital
$38,465Perpetual preferred stock
$0Common stock
$3,000Surplus
$17,000Undivided profits
Memoranda
$18,465Noncurrent loans and leases
$49,814Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,230Earning assets
$0Long-term assets (5+ years)
$3,314Average Assets, year-to-date
$374,108Average Assets, quarterly
$54,936Volatile liabilities
$385,655Insider loans
$406,027FHLB advances
$48,947Loans and leases held for sale
$924Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$49,814Total unused commitments
$0Restructured Loans and leases
$3,500Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$31,572Total interest income
$12,674Total interest expense
$18,898Net interest income
$827Provision for loan and lease losses
$3,177Total noninterest income
$0Fiduciary activities
$1,964Service charges on deposit accounts
$0Trading account gains & fees
$1,213Additional noninterest income
$10,859Total noninterest expense
$7,102Salaries and employee benefits
$1,452Premises and equipment expense
$2,305Additional noninterest expense
$10,389Pre-tax net operating income
-$38Securities gains (losses)
$3,436Applicable income taxes
$6,915Income before extraordinary items
$0Extraordinary gains - net
$6,915Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$327Sale, conversion, retirement of capital stock, net
$3,000Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.01%Yield on earning assets
3.62%Cost of funding earning assets
5.39%Net interest margin
0.91%Noninterest income to earning assets
3.10%Noninterest expense to earning assets
1.80%Net operating income to assets
1.79%Return on assets (ROA)
2.68%Pretax return on assets
18.46%Return on equity (ROE)
10.45%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
252.91%Credit loss provision to net charge-offs
34.30%Efficiency ratio
49,191Assets per employee
2.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
43.38%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
82.74%Noncurrent assets plus other real estate owned to assets
1.06%Noncurrent loans to loans
1.51%Net loans and leases to deposits
76.79%Net loans and leases to core deposits
86.11%Equity capital to assets
9.33%Core capital (leverage) ratio
9.72%Tier 1 risk-based capital ratio
13.48%Total risk-based capital ratio
Memoranda
$15Average assets
$385,655Average earning assets
$37,466Average equity
$350,589Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Bank of Canton.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: