FDIC Certificate #: 20827 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Synovus Bank (#873) Federal Reserve ID: 810834 Date Established: October 06, 1972 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Interstate: No) FDIC's unique #: 14388 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: October 06, 1972 Last Structure Change Effective Date: June 01, 2010 Last Structure Change Process Date: June 14, 2010 Last Data Update: June 14, 2010 Data Source Date: April 05, 2012
Location
Address: 110 Jefferson Street, Newnan, GA 30263 County: Coweta 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: $342.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
67Total employees (full-time equivalent)
$336,462Total assets
$4,246Cash and due from depository institutions
$67Interest-bearing balances
$45,341Securities
$72,664Federal funds sold & reverse repurchase agreements
$191,816Net loans & leases
$8,153Loan loss allowance
$0Trading account assets
$2,633Bank premises and fixed assets
$5,896Other real estate owned
$0Goodwill and other intangibles
$2,412Life insurance assets
$13,866All other assets
$336,462Total liabilities and capital
$306,383Total liabilities
$298,371Total deposits
$257,629Interest-bearing deposits
$298,371Deposits held in domestic offices
86.08%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,000Other borrowed funds
$0Subordinated debt
$2,012All other liabilities
$30,079Total equity capital
$30,079Total bank equity capital
$30,079Perpetual preferred stock
$0Common stock
$500Surplus
$37,036Undivided profits
Memoranda
$-7,457Noncurrent loans and leases
$16,014Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$26,134Earning assets
$0Long-term assets (5+ years)
$1,307Average Assets, year-to-date
$309,888Average Assets, quarterly
$36,492Volatile liabilities
$361,916Insider loans
$342,977FHLB advances
$86,659Loans and leases held for sale
$2,864Unused loan commitments
$6,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$16,014Total unused commitments
$0Restructured Loans and leases
$2,899Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$16,300Total interest income
$5,930Total interest expense
$10,370Net interest income
$18,151Provision for loan and lease losses
$958Total noninterest income
$0Fiduciary activities
$2,462Service charges on deposit accounts
$0Trading account gains & fees
-$1,504Additional noninterest income
$9,637Total noninterest expense
$4,385Salaries and employee benefits
$642Premises and equipment expense
$4,610Additional noninterest expense
-$16,460Pre-tax net operating income
$108Securities gains (losses)
-$3,126Applicable income taxes
-$13,226Income before extraordinary items
$0Extraordinary gains - net
-$13,226Net income attributable to bank
$0Net charge-offs
-$13,226Cash dividends
$17,138Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.78%Yield on earning assets
1.74%Cost of funding earning assets
3.04%Net interest margin
0.28%Noninterest income to earning assets
2.83%Noninterest expense to earning assets
-3.68%Net operating income to assets
-3.65%Return on assets (ROA)
-4.52%Pretax return on assets
-35.85%Return on equity (ROE)
-35.85%Retained earnings to average equity (YTD only)
7.39%Net charge-offs to loans
105.91%Credit loss provision to net charge-offs
0.10%Efficiency ratio
85,072Assets per employee
5.02%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.08%Loss allowance to noncurrent loans
31.20%Noncurrent assets plus other real estate owned to assets
9.52%Noncurrent loans to loans
13.07%Net loans and leases to deposits
64.29%Net loans and leases to core deposits
88.11%Equity capital to assets
8.94%Core capital (leverage) ratio
8.21%Tier 1 risk-based capital ratio
12.87%Total risk-based capital ratio
Memoranda
$14Average assets
$361,916Average earning assets
$36,897Average equity
$340,852Average loans
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