FDIC Certificate #: 57860 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Century Bank of Georgia (#35236) Federal Reserve ID: 3350779 Date Established: May 09, 2005 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 428182 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: May 09, 2005 Last Structure Change Effective Date: November 10, 2011 Last Structure Change Process Date: November 14, 2011 Last Data Update: November 14, 2011 Data Source Date: April 05, 2012
Location
Address: 1400 Chattahoochee Drive, Rockmart, GA 30153 County: Polk 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 Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122) Core Based Statistical Area (CBSA): Cedartown, GA (#16340) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $62.4 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
12Total employees (full-time equivalent)
$62,752Total assets
$2,851Cash and due from depository institutions
$2,526Interest-bearing balances
$7,493Securities
$3,475Federal funds sold & reverse repurchase agreements
$42,451Net loans & leases
$1,003Loan loss allowance
$0Trading account assets
$2,302Bank premises and fixed assets
$3,435Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$745All other assets
$62,752Total liabilities and capital
$61,204Total liabilities
$56,076Total deposits
$53,355Interest-bearing deposits
$56,076Deposits held in domestic offices
85.04%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,850Other borrowed funds
$0Subordinated debt
$278All other liabilities
$1,548Total equity capital
$1,548Total bank equity capital
$1,548Perpetual preferred stock
$0Common stock
$4,023Surplus
$4,023Undivided profits
Memoranda
$-6,498Noncurrent loans and leases
$2,282Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$5,641Earning assets
$0Long-term assets (5+ years)
$253Average Assets, year-to-date
$55,945Average Assets, quarterly
$9,139Volatile liabilities
$66,446Insider loans
$64,201FHLB advances
$22,325Loans and leases held for sale
$2,332Unused loan commitments
$4,850Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,282Total unused commitments
$2,866Restructured Loans and leases
$550Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$3,189Total interest income
$1,287Total interest expense
$1,902Net interest income
$993Provision for loan and lease losses
$221Total noninterest income
$0Fiduciary activities
$128Service charges on deposit accounts
$0Trading account gains & fees
$93Additional noninterest income
$3,179Total noninterest expense
$804Salaries and employee benefits
$369Premises and equipment expense
$2,006Additional noninterest expense
-$2,049Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$2,049Income before extraordinary items
$0Extraordinary gains - net
-$2,049Net income attributable to bank
$0Net charge-offs
-$2,049Cash dividends
$1,052Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.29%Yield on earning assets
2.14%Cost of funding earning assets
3.16%Net interest margin
0.37%Noninterest income to earning assets
5.28%Noninterest expense to earning assets
-3.08%Net operating income to assets
-3.08%Return on assets (ROA)
-3.08%Pretax return on assets
-73.34%Return on equity (ROE)
-73.34%Retained earnings to average equity (YTD only)
2.22%Net charge-offs to loans
94.39%Credit loss provision to net charge-offs
-1.00%Efficiency ratio
149,741Assets per employee
5.23%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.31%Loss allowance to noncurrent loans
17.78%Noncurrent assets plus other real estate owned to assets
14.46%Noncurrent loans to loans
12.98%Net loans and leases to deposits
75.70%Net loans and leases to core deposits
122.69%Equity capital to assets
2.47%Core capital (leverage) ratio
2.25%Tier 1 risk-based capital ratio
3.35%Total risk-based capital ratio
Memoranda
$5Average assets
$66,446Average earning assets
$2,794Average equity
$60,228Average loans
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