FDIC Certificate #: 32429 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Ameris Bank (#20504) Federal Reserve ID: 242275 Date Established: December 18, 1985 WWW:http://www.amerisbank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 8254 FDIC's unique #: 45263 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) Insured commercial Banks: Yes FDIC Insured: Yes SAIF Insured: Yes State Chartered: Yes Date of Deposit Insurance: December 18, 1985 Last Structure Change Effective Date: Febuary 11, 2006 Last Structure Change Process Date: Febuary 16, 2006 Last Data Update: Febuary 16, 2006 Data Source Date: April 05, 2012
Location
Address: 502 Second Street South, Cordele, GA 31015 County: Crisp Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Albany Ga Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Core Based Statistical Area (CBSA): Cordele, GA (#18380) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $64.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
22Total employees (full-time equivalent)
$64,227Total assets
$5,612Cash and due from depository institutions
$664Interest-bearing balances
$9,898Securities
$5,715Federal funds sold & reverse repurchase agreements
$41,297Net loans & leases
$799Loan loss allowance
$0Trading account assets
$470Bank premises and fixed assets
$44Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,191All other assets
$64,227Total liabilities and capital
$58,149Total liabilities
$51,843Total deposits
$46,942Interest-bearing deposits
$51,843Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,000Other borrowed funds
$0Subordinated debt
$306All other liabilities
$6,078Total equity capital
$6,078Total bank equity capital
$6,078Perpetual preferred stock
$0Common stock
$1,760Surplus
$2,260Undivided profits
Memoranda
$2,058Noncurrent loans and leases
$4,560Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$188Earning assets
$0Long-term assets (5+ years)
$461Average Assets, year-to-date
$57,574Average Assets, quarterly
$4,939Volatile liabilities
$59,162Insider loans
$61,007FHLB advances
$8,917Loans and leases held for sale
$3,524Unused loan commitments
$6,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,560Total unused commitments
$0Restructured Loans and leases
$531Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$3,574Total interest income
$1,052Total interest expense
$2,522Net interest income
-$250Provision for loan and lease losses
$727Total noninterest income
$0Fiduciary activities
$704Service charges on deposit accounts
$0Trading account gains & fees
$23Additional noninterest income
$1,948Total noninterest expense
$999Salaries and employee benefits
$120Premises and equipment expense
$829Additional noninterest expense
$1,551Pre-tax net operating income
-$35Securities gains (losses)
$491Applicable income taxes
$1,025Income before extraordinary items
$0Extraordinary gains - net
$1,025Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$233Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.55%Yield on earning assets
1.93%Cost of funding earning assets
4.62%Net interest margin
1.33%Noninterest income to earning assets
3.57%Noninterest expense to earning assets
1.77%Net operating income to assets
1.73%Return on assets (ROA)
2.56%Pretax return on assets
18.14%Return on equity (ROE)
18.14%Retained earnings to average equity (YTD only)
-0.59%Net charge-offs to loans
107.30%Credit loss provision to net charge-offs
0.00%Efficiency ratio
59,957Assets per employee
2.92%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.90%Loss allowance to noncurrent loans
425.00%Noncurrent assets plus other real estate owned to assets
0.36%Noncurrent loans to loans
0.45%Net loans and leases to deposits
79.66%Net loans and leases to core deposits
96.21%Equity capital to assets
9.46%Core capital (leverage) ratio
10.71%Tier 1 risk-based capital ratio
14.67%Total risk-based capital ratio
Memoranda
$16Average assets
$59,162Average earning assets
$5,652Average equity
$54,562Average loans
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