FDIC Certificate #: 21495 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Hamilton State Bank (#57810) Federal Reserve ID: 152235 Date Established: March 28, 1974 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 10177 FDIC's unique #: 14867 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: March 28, 1974 Last Structure Change Effective Date: April 15, 2011 Last Structure Change Process Date: April 18, 2011 Last Data Update: April 18, 2011 Data Source Date: April 05, 2012
Location
Address: 301 East Church Street, Cartersville, GA 30120 County: Bartow 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: $314.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
67Total employees (full-time equivalent)
$330,215Total assets
$44,929Cash and due from depository institutions
$42,163Interest-bearing balances
$24,281Securities
$0Federal funds sold & reverse repurchase agreements
$225,803Net loans & leases
$6,919Loan loss allowance
$0Trading account assets
$8,376Bank premises and fixed assets
$22,441Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,385All other assets
$330,215Total liabilities and capital
$327,699Total liabilities
$304,088Total deposits
$262,963Interest-bearing deposits
$304,088Deposits held in domestic offices
97.08%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$22,000Other borrowed funds
$0Subordinated debt
$1,611All other liabilities
$2,516Total equity capital
$2,516Total bank equity capital
$2,516Perpetual preferred stock
$0Common stock
$500Surplus
$29,491Undivided profits
Memoranda
$-27,475Noncurrent loans and leases
$19,975Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$37,721Earning assets
$0Long-term assets (5+ years)
$978Average Assets, year-to-date
$292,247Average Assets, quarterly
$37,110Volatile liabilities
$381,184Insider loans
$343,642FHLB advances
$100,773Loans and leases held for sale
$8,764Unused loan commitments
$22,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$19,975Total unused commitments
$4,329Restructured Loans and leases
$2,516Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$13,897Total interest income
$7,201Total interest expense
$6,696Net interest income
$11,147Provision for loan and lease losses
$357Total noninterest income
$0Fiduciary activities
$2,408Service charges on deposit accounts
$0Trading account gains & fees
-$2,051Additional noninterest income
$12,350Total noninterest expense
$3,954Salaries and employee benefits
$1,532Premises and equipment expense
$6,864Additional noninterest expense
-$16,444Pre-tax net operating income
$509Securities gains (losses)
$2,829Applicable income taxes
-$18,764Income before extraordinary items
$0Extraordinary gains - net
-$18,764Net income attributable to bank
$0Net charge-offs
-$18,764Cash dividends
$12,176Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.03%Yield on earning assets
2.09%Cost of funding earning assets
1.94%Net interest margin
0.10%Noninterest income to earning assets
3.58%Noninterest expense to earning assets
-5.06%Net operating income to assets
-4.92%Return on assets (ROA)
-4.18%Pretax return on assets
-123.05%Return on equity (ROE)
-123.05%Retained earnings to average equity (YTD only)
4.63%Net charge-offs to loans
91.55%Credit loss provision to net charge-offs
-0.44%Efficiency ratio
175,103Assets per employee
4.93%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.97%Loss allowance to noncurrent loans
18.34%Noncurrent assets plus other real estate owned to assets
18.22%Noncurrent loans to loans
16.21%Net loans and leases to deposits
74.26%Net loans and leases to core deposits
105.85%Equity capital to assets
0.76%Core capital (leverage) ratio
0.71%Tier 1 risk-based capital ratio
1.09%Total risk-based capital ratio
Memoranda
$2Average assets
$381,184Average earning assets
$15,249Average equity
$344,626Average loans
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