FDIC Certificate #: 32092 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Colony Bank (#22257) Federal Reserve ID: 408473 Date Established: June 22, 1981 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 7843 FDIC's unique #: 44926 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: June 22, 1981 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: 601 North Main Street, Sylvester, GA 31791 County: Worth 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): Albany, GA (#10500) CBSA Metro Statistical Area: Albany, GA (#10500)
Financial Summary
Total assets: $181.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
47Total employees (full-time equivalent)
$180,867Total assets
$8,746Cash and due from depository institutions
$1,629Interest-bearing balances
$25,267Securities
$4,125Federal funds sold & reverse repurchase agreements
$136,907Net loans & leases
$2,132Loan loss allowance
$0Trading account assets
$2,055Bank premises and fixed assets
$216Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,551All other assets
$180,867Total liabilities and capital
$166,778Total liabilities
$159,090Total deposits
$139,228Interest-bearing deposits
$159,090Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,500Other borrowed funds
$0Subordinated debt
$1,188All other liabilities
$14,089Total equity capital
$14,089Total bank equity capital
$14,089Perpetual preferred stock
$0Common stock
$96Surplus
$10,404Undivided profits
Memoranda
$3,589Noncurrent loans and leases
$20,220Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,906Earning assets
$0Long-term assets (5+ years)
$1,851Average Assets, year-to-date
$167,928Average Assets, quarterly
$12,662Volatile liabilities
$178,007Insider loans
$179,567FHLB advances
$53,342Loans and leases held for sale
$1,617Unused loan commitments
$6,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$20,220Total unused commitments
$0Restructured Loans and leases
$1,765Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$13,373Total interest income
$6,591Total interest expense
$6,782Net interest income
$225Provision for loan and lease losses
$1,397Total noninterest income
$0Fiduciary activities
$1,165Service charges on deposit accounts
$0Trading account gains & fees
$232Additional noninterest income
$4,618Total noninterest expense
$2,245Salaries and employee benefits
$500Premises and equipment expense
$1,873Additional noninterest expense
$3,336Pre-tax net operating income
-$1Securities gains (losses)
$1,118Applicable income taxes
$2,217Income before extraordinary items
$0Extraordinary gains - net
$2,217Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$132Sale, conversion, retirement of capital stock, net
$1,100Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.02%Yield on earning assets
3.95%Cost of funding earning assets
4.07%Net interest margin
0.84%Noninterest income to earning assets
2.77%Noninterest expense to earning assets
1.25%Net operating income to assets
1.25%Return on assets (ROA)
1.87%Pretax return on assets
16.60%Return on equity (ROE)
8.36%Retained earnings to average equity (YTD only)
-0.09%Net charge-offs to loans
-170.45%Credit loss provision to net charge-offs
0.00%Efficiency ratio
56,462Assets per employee
3.85%Cash dividends to net income (YTD only)
Condition Ratios (%)
49.62%Loss allowance to loans
1.53%Loss allowance to noncurrent loans
111.86%Noncurrent assets plus other real estate owned to assets
1.17%Noncurrent loans to loans
1.37%Net loans and leases to deposits
86.06%Net loans and leases to core deposits
129.47%Equity capital to assets
7.79%Core capital (leverage) ratio
7.87%Tier 1 risk-based capital ratio
9.97%Total risk-based capital ratio
Memoranda
$11Average assets
$178,007Average earning assets
$13,356Average equity
$166,816Average loans
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