FDIC Certificate #: 5702 Status: Inactive Closing history: Corrections Acquiring institution:SCBT National Association (#13425) Federal Reserve ID: 184937 Date Established: August 03, 1900 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 42 (Interstate: No) OTS Docket #: 12087 FDIC's unique #: 3886 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: January 29, 2010 Last Structure Change Process Date: Febuary 01, 2010 Last Data Update: Febuary 01, 2010 Data Source Date: April 05, 2012
Location
Address: 448 North Main Street, Cornelia, GA 30531 County: Habersham 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): Cornelia, GA (#18460) CBSA Micro Statistical Area: Yes
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $1,181.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
384Total employees (full-time equivalent)
$1,181,717Total assets
$128,406Cash and due from depository institutions
$104,178Interest-bearing balances
$112,419Securities
$0Federal funds sold & reverse repurchase agreements
$839,833Net loans & leases
$35,493Loan loss allowance
$0Trading account assets
$24,141Bank premises and fixed assets
$43,323Other real estate owned
$68Goodwill and other intangibles
$392Life insurance assets
$33,527All other assets
$1,181,717Total liabilities and capital
$1,162,831Total liabilities
$1,067,957Total deposits
$1,027,892Interest-bearing deposits
$1,067,957Deposits held in domestic offices
85.56%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$80,250Other borrowed funds
$0Subordinated debt
$14,624All other liabilities
$18,886Total equity capital
$18,886Total bank equity capital
$18,886Perpetual preferred stock
$0Common stock
$500Surplus
$51,700Undivided profits
Memoranda
$-33,314Noncurrent loans and leases
$40,095Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$225,968Earning assets
$0Long-term assets (5+ years)
$7,647Average Assets, year-to-date
$1,056,430Average Assets, quarterly
$75,331Volatile liabilities
$1,248,880Insider loans
$1,196,372FHLB advances
$286,643Loans and leases held for sale
$6,900Unused loan commitments
$80,250Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$40,095Total unused commitments
$9,929Restructured Loans and leases
$11,521Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$50,150Total interest income
$30,469Total interest expense
$19,681Net interest income
$55,723Provision for loan and lease losses
$18,175Total noninterest income
$297Fiduciary activities
$8,115Service charges on deposit accounts
$0Trading account gains & fees
$9,763Additional noninterest income
$46,989Total noninterest expense
$17,739Salaries and employee benefits
$6,430Premises and equipment expense
$22,820Additional noninterest expense
-$64,856Pre-tax net operating income
$1,861Securities gains (losses)
-$4,014Applicable income taxes
-$58,981Income before extraordinary items
$0Extraordinary gains - net
-$58,981Net income attributable to bank
$0Net charge-offs
-$58,981Cash dividends
$40,989Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.44%Yield on earning assets
2.70%Cost of funding earning assets
1.74%Net interest margin
1.61%Noninterest income to earning assets
4.16%Noninterest expense to earning assets
-4.86%Net operating income to assets
-4.72%Return on assets (ROA)
-5.04%Pretax return on assets
-110.64%Return on equity (ROE)
-110.64%Retained earnings to average equity (YTD only)
4.36%Net charge-offs to loans
135.95%Credit loss provision to net charge-offs
-0.22%Efficiency ratio
123,827Assets per employee
3.08%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.05%Loss allowance to noncurrent loans
15.71%Noncurrent assets plus other real estate owned to assets
22.79%Noncurrent loans to loans
25.82%Net loans and leases to deposits
78.64%Net loans and leases to core deposits
107.49%Equity capital to assets
1.60%Core capital (leverage) ratio
1.79%Tier 1 risk-based capital ratio
2.40%Total risk-based capital ratio
Memoranda
$4Average assets
$1,248,880Average earning assets
$53,310Average equity
$1,129,105Average loans
Total Fiduciary and Related Assets (December 31, 2009)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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