FDIC Certificate #: 27797 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Synovus Bank (#873) Federal Reserve ID: 634272 Date Established: January 01, 1911 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 295 FDIC's unique #: 40631 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 16, 1937 Last Structure Change Effective Date: June 01, 2010 Last Structure Change Process Date: June 14, 2010 Last Data Update: June 14, 2010 Data Source Date: April 05, 2012
Location
Address: 701 Broad Street, Rome, GA 30161 County: Floyd 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 Core Based Statistical Area (CBSA): Rome, GA (#40660) CBSA Metro Statistical Area: Rome, GA (#40660)
Financial Summary
Total assets: $350.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
42Total employees (full-time equivalent)
$359,404Total assets
$4,706Cash and due from depository institutions
$46Interest-bearing balances
$19,197Securities
$31,460Federal funds sold & reverse repurchase agreements
$293,209Net loans & leases
$7,092Loan loss allowance
$0Trading account assets
$1,787Bank premises and fixed assets
$140Other real estate owned
$67Goodwill and other intangibles
$0Life insurance assets
$8,838All other assets
$359,404Total liabilities and capital
$328,827Total liabilities
$278,941Total deposits
$246,481Interest-bearing deposits
$278,941Deposits held in domestic offices
84.82%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$48,500Other borrowed funds
$0Subordinated debt
$1,386All other liabilities
$30,577Total equity capital
$30,577Total bank equity capital
$30,577Perpetual preferred stock
$0Common stock
$1,000Surplus
$25,944Undivided profits
Memoranda
$3,633Noncurrent loans and leases
$38,781Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$7,834Earning assets
$0Long-term assets (5+ years)
$1,134Average Assets, year-to-date
$343,912Average Assets, quarterly
$29,974Volatile liabilities
$353,407Insider loans
$363,187FHLB advances
$98,395Loans and leases held for sale
$11,781Unused loan commitments
$48,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$38,781Total unused commitments
$6,439Restructured Loans and leases
$3,571Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$16,621Total interest income
$5,457Total interest expense
$11,164Net interest income
$4,454Provision for loan and lease losses
$1,529Total noninterest income
$0Fiduciary activities
$1,276Service charges on deposit accounts
$0Trading account gains & fees
$253Additional noninterest income
$6,695Total noninterest expense
$2,933Salaries and employee benefits
$395Premises and equipment expense
$3,367Additional noninterest expense
$1,544Pre-tax net operating income
$112Securities gains (losses)
$515Applicable income taxes
$1,141Income before extraordinary items
$0Extraordinary gains - net
$1,141Net income attributable to bank
$0Net charge-offs
$1,141Cash dividends
$784Sale, conversion, retirement of capital stock, net
$2,650Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.87%Yield on earning assets
1.60%Cost of funding earning assets
3.27%Net interest margin
0.45%Noninterest income to earning assets
1.96%Noninterest expense to earning assets
0.30%Net operating income to assets
0.32%Return on assets (ROA)
0.47%Pretax return on assets
4.01%Return on equity (ROE)
-5.30%Retained earnings to average equity (YTD only)
0.26%Net charge-offs to loans
568.11%Credit loss provision to net charge-offs
7.65%Efficiency ratio
52,241Assets per employee
8.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
232.25%Loss allowance to loans
2.36%Loss allowance to noncurrent loans
90.53%Noncurrent assets plus other real estate owned to assets
2.22%Noncurrent loans to loans
2.61%Net loans and leases to deposits
105.12%Net loans and leases to core deposits
145.48%Equity capital to assets
8.51%Core capital (leverage) ratio
8.36%Tier 1 risk-based capital ratio
10.72%Total risk-based capital ratio
Memoranda
$12Average assets
$353,407Average earning assets
$28,483Average equity
$341,059Average loans
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