Central and Southern Bank of North Georgia - Overview
General
FDIC Certificate #: 10053 Status: Inactive Closing history: Change in Location Acquiring institution:Premier Bank (#26307) Federal Reserve ID: 561136 Date Established: October 14, 1926 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 13408 FDIC's unique #: 6425 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes Oakar Institutions: Yes State Chartered: No Date of Deposit Insurance: April 01, 1996 Last Structure Change Effective Date: April 24, 1998 Last Structure Change Process Date: August 17, 1998 Last Data Update: August 17, 1998 Data Source Date: April 05, 2012
Location
Address: 311 Green Street, Suite 102, Gainesville, GA 30503 County: Hall 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 Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122) Core Based Statistical Area (CBSA): Gainesville, GA (#23580) CBSA Metro Statistical Area: Gainesville, GA (#23580)
History of Changes
Merger - Without Assistance
Office Sold
Change NONGEOFLDOFF from Default
Change in Location
Financial Summary
Total assets: $103.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
32Total employees (full-time equivalent)
$94,829Total assets
$3,467Cash and due from depository institutions
$0Interest-bearing balances
$10,288Securities
$3,404Federal funds sold & reverse repurchase agreements
$73,132Net loans & leases
$1,191Loan loss allowance
$0Trading account assets
$2,997Bank premises and fixed assets
$0Other real estate owned
$500Goodwill and other intangibles
$0Life insurance assets
$1,041All other assets
$94,829Total liabilities and capital
$87,818Total liabilities
$87,317Total deposits
$87,317Interest-bearing deposits
$87,317Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$501All other liabilities
$7,011Total equity capital
$7,011Total bank equity capital
$7,011Perpetual preferred stock
$0Common stock
$608Surplus
$3,187Undivided profits
Memoranda
$3,216Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$6Earning assets
$0Long-term assets (5+ years)
$592Average Assets, year-to-date
$86,824Average Assets, quarterly
$0Volatile liabilities
$83,751Insider loans
$90,818FHLB advances
$21,283Loans and leases held for sale
$250Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$16,868Total unused commitments
$0Restructured Loans and leases
$73,846Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$6,741Total interest income
$3,481Total interest expense
$3,260Net interest income
$0Provision for loan and lease losses
$1,095Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1,095Additional noninterest income
$2,734Total noninterest expense
$1,629Salaries and employee benefits
$521Premises and equipment expense
$584Additional noninterest expense
$1,621Pre-tax net operating income
-$1Securities gains (losses)
$511Applicable income taxes
$1,109Income before extraordinary items
$0Extraordinary gains - net
$1,109Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$34Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.80%Yield on earning assets
4.54%Cost of funding earning assets
4.25%Net interest margin
1.43%Noninterest income to earning assets
3.57%Noninterest expense to earning assets
1.32%Net operating income to assets
1.32%Return on assets (ROA)
1.93%Pretax return on assets
17.27%Return on equity (ROE)
17.27%Retained earnings to average equity (YTD only)
-0.06%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
61,584Assets per employee
2.96%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.60%Loss allowance to noncurrent loans
19850.00%Noncurrent assets plus other real estate owned to assets
0.01%Noncurrent loans to loans
0.01%Net loans and leases to deposits
83.75%Net loans and leases to core deposits
110.75%Equity capital to assets
7.39%Core capital (leverage) ratio
6.74%Tier 1 risk-based capital ratio
8.59%Total risk-based capital ratio
Memoranda
$10Average assets
$83,751Average earning assets
$6,420Average equity
$76,635Average loans
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