FDIC Certificate #: 5687 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Ameris Bank (#20504) Federal Reserve ID: 66837 Bank Holding Company (Regulatory Top Holder): Middle Georgia Corporation (RSSDID: 1081752, Location: Ellaville, GA) Date Established: September 16, 1910 WWW:http://www.centralbankga.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Domestic: 5, Interstate: No) OTS Docket #: 10179 FDIC's unique #: 3872 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: Febuary 24, 2012 Last Structure Change Process Date: Febuary 27, 2012 Last Data Update: Febuary 27, 2012 Data Source Date: April 05, 2012
Location
Address: 285 South Broad Street, Ellaville, GA 31806 County: Schley 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): Americus, GA (#11140) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $278.9 mil Equity capital: $1.4 mil Deposits held in domestic offices: $266.6 mil Return on assets (ROA): -4.90% (-$13.7 mil) Quarterly return on assets: -2.19% (-$6.1 mil) Return on Equity (ROE): -179.82% (-$1.8 mil) Quarterly return on equity: -276.67% (-$2.8 mil) Net income: -$13.4 mil Quarterly Net income: -$1.5 mil Pretax return on assets: -4.79% (-$13,357.4 mil) Quarterly Pretax return on assets: -1.72% (-$4,796.4 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
57Total employees (full-time equivalent)
$278,860Total assets
$28,593Cash and due from depository institutions
$24,133Interest-bearing balances
$44,174Securities
$0Federal funds sold & reverse repurchase agreements
$175,896Net loans & leases
$11,786Loan loss allowance
$0Trading account assets
$9,042Bank premises and fixed assets
$12,755Other real estate owned
$0Goodwill and other intangibles
$278,860Life insurance assets
$8,400All other assets
$277,468Total liabilities and capital
$266,589Total liabilities
$216,227Total deposits
$266,589Interest-bearing deposits
$97Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$10,000Trading liabilities
$0Other borrowed funds
$879Subordinated debt
$1,392All other liabilities
$1,392Total equity capital
$1,392Total bank equity capital
$0Perpetual preferred stock
$256Common stock
$24,288Surplus
$-23,152Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$29,583Income earned, not collected on loans
$133Earning assets
$1,565Long-term assets (5+ years)
$244,203Average Assets, year-to-date
$33,789Average Assets, quarterly
$273,529Volatile liabilities
$274,400Insider loans
$186,977FHLB advances
$276,287Loans and leases held for sale
$5,083Unused loan commitments
$5,083Tier 1 (core) risk-based capital
$1,233Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$12,332Restructured Loans and leases
$726Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$11,339Total interest income
$3,146Total interest expense
$8,193Net interest income
$11,374Provision for loan and lease losses
-$174Total noninterest income
$0Fiduciary activities
$993Service charges on deposit accounts
$0Trading account gains & fees
-$1,167Additional noninterest income
$9,794Total noninterest expense
$3,328Salaries and employee benefits
$992Premises and equipment expense
$5,474Additional noninterest expense
-$13,149Pre-tax net operating income
$55Securities gains (losses)
$321Applicable income taxes
-$13,415Income before extraordinary items
$0Extraordinary gains - net
-$13,415Net income attributable to bank
$0Net charge-offs
-$13,415Cash dividends
$4,790Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.77%Yield on earning assets
1.32%Cost of funding earning assets
3.45%Net interest margin
-0.07%Noninterest income to earning assets
4.12%Noninterest expense to earning assets
-4.92%Net operating income to assets
-4.90%Return on assets (ROA)
-4.79%Pretax return on assets
-179.82%Return on equity (ROE)
-179.82%Retained earnings to average equity (YTD only)
2.43%Net charge-offs to loans
237.45%Credit loss provision to net charge-offs
-0.37%Efficiency ratio
122,135Assets per employee
4.89%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
6.28%Loss allowance to noncurrent loans
39.84%Noncurrent assets plus other real estate owned to assets
15.18%Noncurrent loans to loans
15.76%Net loans and leases to deposits
65.98%Net loans and leases to core deposits
67.78%Equity capital to assets
0.50%Core capital (leverage) ratio
0.45%Tier 1 risk-based capital ratio
0.66%Total risk-based capital ratio
Memoranda
$1Average assets
$273,529Average earning assets
$7,460Average equity
$237,573Average loans
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