FDIC Certificate #: 58104 Status: Inactive Closing history: Corrections Acquiring institution:Bank of Upson (#17041) Federal Reserve ID: 3426245 Date Established: Febuary 28, 2006 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 439738 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: Febuary 28, 2006 Last Structure Change Effective Date: March 19, 2010 Last Structure Change Process Date: March 22, 2010 Last Data Update: March 22, 2010 Data Source Date: April 05, 2012
Location
Address: 5955 State Bridge Road, Suite 100, Duluth, GA 30097 County: Fulton 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)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $96.5 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
19Total employees (full-time equivalent)
$96,535Total assets
$5,450Cash and due from depository institutions
$5,195Interest-bearing balances
$1,874Securities
$6,657Federal funds sold & reverse repurchase agreements
$62,547Net loans & leases
$1,087Loan loss allowance
$0Trading account assets
$1,398Bank premises and fixed assets
$17,603Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,006All other assets
$96,535Total liabilities and capital
$94,253Total liabilities
$93,967Total deposits
$92,140Interest-bearing deposits
$93,967Deposits held in domestic offices
88.25%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$286All other liabilities
$2,282Total equity capital
$2,282Total bank equity capital
$2,282Perpetual preferred stock
$0Common stock
$7,500Surplus
$7,256Undivided profits
Memoranda
$-12,474Noncurrent loans and leases
$404Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$7,381Earning assets
$0Long-term assets (5+ years)
$284Average Assets, year-to-date
$76,273Average Assets, quarterly
$4,598Volatile liabilities
$107,754Insider loans
$99,335FHLB advances
$46,428Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$404Total unused commitments
$9,734Restructured Loans and leases
$1,070Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$4,339Total interest income
$3,757Total interest expense
$582Net interest income
$1,326Provision for loan and lease losses
$69Total noninterest income
$0Fiduciary activities
$17Service charges on deposit accounts
$0Trading account gains & fees
$52Additional noninterest income
$4,590Total noninterest expense
$1,633Salaries and employee benefits
$531Premises and equipment expense
$2,426Additional noninterest expense
-$5,265Pre-tax net operating income
$73Securities gains (losses)
$0Applicable income taxes
-$5,192Income before extraordinary items
$0Extraordinary gains - net
-$5,192Net income attributable to bank
$0Net charge-offs
-$5,192Cash dividends
$1,434Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.61%Yield on earning assets
3.99%Cost of funding earning assets
0.62%Net interest margin
0.07%Noninterest income to earning assets
4.87%Noninterest expense to earning assets
-4.89%Net operating income to assets
-4.82%Return on assets (ROA)
-4.82%Pretax return on assets
-104.98%Return on equity (ROE)
-104.98%Retained earnings to average equity (YTD only)
1.87%Net charge-offs to loans
92.47%Credit loss provision to net charge-offs
-2.75%Efficiency ratio
705,069Assets per employee
5.08%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.71%Loss allowance to noncurrent loans
14.73%Noncurrent assets plus other real estate owned to assets
25.88%Noncurrent loans to loans
11.60%Net loans and leases to deposits
66.56%Net loans and leases to core deposits
131.57%Equity capital to assets
2.36%Core capital (leverage) ratio
2.24%Tier 1 risk-based capital ratio
2.64%Total risk-based capital ratio
Memoranda
$4Average assets
$107,754Average earning assets
$4,946Average equity
$94,171Average loans
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