FDIC Certificate #: 875 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Community Bank & Trust (#5702) Federal Reserve ID: 298030 Date Established: January 01, 1892 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 9 (Interstate: No) OTS Docket #: 12620 FDIC's unique #: 557 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: November 20, 2000 Last Structure Change Process Date: Febuary 07, 2001 Last Data Update: Febuary 07, 2001 Data Source Date: April 05, 2012
Location
Address: Main Street, Commerce, GA 30529 County: Jackson 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
Financial Summary
Total assets: $139.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
65Total employees (full-time equivalent)
$127,402Total assets
$6,224Cash and due from depository institutions
$0Interest-bearing balances
$20,683Securities
$4,070Federal funds sold & reverse repurchase agreements
$91,866Net loans & leases
$1,407Loan loss allowance
$0Trading account assets
$1,960Bank premises and fixed assets
$136Other real estate owned
$112Goodwill and other intangibles
$0Life insurance assets
$2,351All other assets
$127,402Total liabilities and capital
$118,929Total liabilities
$112,930Total deposits
$97,619Interest-bearing deposits
$112,930Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,000Other borrowed funds
$0Subordinated debt
$999All other liabilities
$8,473Total equity capital
$8,473Total bank equity capital
$8,473Perpetual preferred stock
$250Common stock
$250Surplus
$3,800Undivided profits
Memoranda
$4,173Noncurrent loans and leases
$6,667Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$923Earning assets
$565Long-term assets (5+ years)
$1,115Average Assets, year-to-date
$116,619Average Assets, quarterly
$24,169Volatile liabilities
$123,011Insider loans
$127,017FHLB advances
$33,946Loans and leases held for sale
$615Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,667Total unused commitments
$0Restructured Loans and leases
$1,181Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$10,293Total interest income
$5,282Total interest expense
$5,011Net interest income
$322Provision for loan and lease losses
$1,174Total noninterest income
$0Fiduciary activities
$698Service charges on deposit accounts
$0Trading account gains & fees
$476Additional noninterest income
$3,473Total noninterest expense
$1,785Salaries and employee benefits
$522Premises and equipment expense
$1,166Additional noninterest expense
$2,390Pre-tax net operating income
$0Securities gains (losses)
$774Applicable income taxes
$1,616Income before extraordinary items
$0Extraordinary gains - net
$1,616Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$237Sale, conversion, retirement of capital stock, net
$200Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.07%Yield on earning assets
4.65%Cost of funding earning assets
4.42%Net interest margin
1.03%Noninterest income to earning assets
3.06%Noninterest expense to earning assets
1.31%Net operating income to assets
1.31%Return on assets (ROA)
1.94%Pretax return on assets
20.12%Return on equity (ROE)
17.63%Retained earnings to average equity (YTD only)
0.27%Net charge-offs to loans
135.86%Credit loss provision to net charge-offs
11.44%Efficiency ratio
55,732Assets per employee
1.96%Cash dividends to net income (YTD only)
Condition Ratios (%)
12.38%Loss allowance to loans
1.51%Loss allowance to noncurrent loans
152.44%Noncurrent assets plus other real estate owned to assets
0.83%Noncurrent loans to loans
0.99%Net loans and leases to deposits
81.35%Net loans and leases to core deposits
116.31%Equity capital to assets
6.65%Core capital (leverage) ratio
6.82%Tier 1 risk-based capital ratio
9.31%Total risk-based capital ratio
Memoranda
$11Average assets
$123,011Average earning assets
$8,031Average equity
$113,499Average loans
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