FDIC Certificate #: 26324 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:AFB&T (#28225) Federal Reserve ID: 25133 Date Established: August 12, 1985 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 14556 FDIC's unique #: 32828 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: August 12, 1985 Last Structure Change Effective Date: November 30, 1998 Last Structure Change Process Date: Febuary 09, 1999 Last Data Update: Febuary 09, 1999 Data Source Date: April 05, 2012
Location
Address: 2100 Experiment Station Road, Watkinsville, GA 30677 County: Oconee 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): Athens, GA (#500) Core Based Statistical Area (CBSA): Athens-Clarke County, GA (#12020) CBSA Metro Statistical Area: Athens-Clarke County, GA (#12020)
Financial Summary
Total assets: $53.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
16Total employees (full-time equivalent)
$51,715Total assets
$1,931Cash and due from depository institutions
$99Interest-bearing balances
$14,099Securities
$970Federal funds sold & reverse repurchase agreements
$32,030Net loans & leases
$312Loan loss allowance
$0Trading account assets
$647Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,038All other assets
$51,715Total liabilities and capital
$46,420Total liabilities
$45,425Total deposits
$41,142Interest-bearing deposits
$45,425Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$995All other liabilities
$5,295Total equity capital
$5,295Total bank equity capital
$5,295Perpetual preferred stock
$0Common stock
$663Surplus
$462Undivided profits
Memoranda
$4,170Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$48Earning assets
$0Long-term assets (5+ years)
$508Average Assets, year-to-date
$47,198Average Assets, quarterly
$9,458Volatile liabilities
$50,600Insider loans
$51,773FHLB advances
$9,812Loans and leases held for sale
$1,287Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,327Total unused commitments
$0Restructured Loans and leases
$34,159Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$4,234Total interest income
$2,015Total interest expense
$2,219Net interest income
$5Provision for loan and lease losses
$422Total noninterest income
$0Fiduciary activities
$186Service charges on deposit accounts
$0Trading account gains & fees
$236Additional noninterest income
$1,396Total noninterest expense
$709Salaries and employee benefits
$131Premises and equipment expense
$556Additional noninterest expense
$1,240Pre-tax net operating income
-$6Securities gains (losses)
$433Applicable income taxes
$801Income before extraordinary items
$0Extraordinary gains - net
$801Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$2Sale, conversion, retirement of capital stock, net
$265Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.26%Yield on earning assets
4.41%Cost of funding earning assets
4.85%Net interest margin
0.92%Noninterest income to earning assets
3.05%Noninterest expense to earning assets
1.59%Net operating income to assets
1.58%Return on assets (ROA)
2.44%Pretax return on assets
15.97%Return on equity (ROE)
10.68%Retained earnings to average equity (YTD only)
-0.01%Net charge-offs to loans
-250.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
52,859Assets per employee
3.23%Cash dividends to net income (YTD only)
Condition Ratios (%)
33.08%Loss allowance to loans
0.96%Loss allowance to noncurrent loans
650.00%Noncurrent assets plus other real estate owned to assets
0.09%Noncurrent loans to loans
0.15%Net loans and leases to deposits
70.51%Net loans and leases to core deposits
89.94%Equity capital to assets
10.24%Core capital (leverage) ratio
10.03%Tier 1 risk-based capital ratio
15.61%Total risk-based capital ratio
Memoranda
$17Average assets
$50,600Average earning assets
$5,017Average equity
$45,737Average loans
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