FDIC Certificate #: 8023 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Colony Bank (#22257) Federal Reserve ID: 22235 Date Established: July 02, 1900 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 8 (Interstate: No) OTS Docket #: 12560 FDIC's unique #: 5106 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: January 01, 1934 Last Structure Change Effective Date: August 01, 2008 Last Structure Change Process Date: August 13, 2008 Last Data Update: August 13, 2008 Data Source Date: April 05, 2012
Location
Address: 515 East Washington Avenue, Ashburn, GA 31714 County: Turner 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
Financial Summary
Total assets: $343.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
87Total employees (full-time equivalent)
$334,761Total assets
$8,887Cash and due from depository institutions
$3,421Interest-bearing balances
$57,457Securities
$4,818Federal funds sold & reverse repurchase agreements
$244,314Net loans & leases
$4,933Loan loss allowance
$0Trading account assets
$10,347Bank premises and fixed assets
$522Other real estate owned
$2,643Goodwill and other intangibles
$0Life insurance assets
$5,773All other assets
$334,761Total liabilities and capital
$305,571Total liabilities
$284,238Total deposits
$265,412Interest-bearing deposits
$284,238Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$20,000Other borrowed funds
$0Subordinated debt
$1,333All other liabilities
$29,190Total equity capital
$29,190Total bank equity capital
$29,190Perpetual preferred stock
$0Common stock
$1,000Surplus
$16,950Undivided profits
Memoranda
$11,240Noncurrent loans and leases
$22,750Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,431Earning assets
$0Long-term assets (5+ years)
$2,269Average Assets, year-to-date
$310,010Average Assets, quarterly
$25,381Volatile liabilities
$337,660Insider loans
$337,097FHLB advances
$61,678Loans and leases held for sale
$689Unused loan commitments
$20,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$22,750Total unused commitments
$0Restructured Loans and leases
$3,302Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$24,034Total interest income
$12,426Total interest expense
$11,608Net interest income
$1,951Provision for loan and lease losses
$2,582Total noninterest income
$0Fiduciary activities
$1,243Service charges on deposit accounts
$0Trading account gains & fees
$1,339Additional noninterest income
$9,268Total noninterest expense
$4,341Salaries and employee benefits
$1,104Premises and equipment expense
$3,823Additional noninterest expense
$2,971Pre-tax net operating income
-$9Securities gains (losses)
$900Applicable income taxes
$2,062Income before extraordinary items
$0Extraordinary gains - net
$2,062Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$593Sale, conversion, retirement of capital stock, net
$1,013Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.69%Yield on earning assets
3.97%Cost of funding earning assets
3.71%Net interest margin
0.83%Noninterest income to earning assets
2.96%Noninterest expense to earning assets
0.61%Net operating income to assets
0.61%Return on assets (ROA)
0.88%Pretax return on assets
7.24%Return on equity (ROE)
3.68%Retained earnings to average equity (YTD only)
0.24%Net charge-offs to loans
329.01%Credit loss provision to net charge-offs
8.30%Efficiency ratio
65,060Assets per employee
3.85%Cash dividends to net income (YTD only)
Condition Ratios (%)
49.13%Loss allowance to loans
1.98%Loss allowance to noncurrent loans
143.78%Noncurrent assets plus other real estate owned to assets
1.18%Noncurrent loans to loans
1.38%Net loans and leases to deposits
85.95%Net loans and leases to core deposits
108.31%Equity capital to assets
8.72%Core capital (leverage) ratio
7.92%Tier 1 risk-based capital ratio
10.12%Total risk-based capital ratio
Memoranda
$11Average assets
$337,660Average earning assets
$28,469Average equity
$312,674Average loans
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