FDIC Certificate #: 33073 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:South Georgia Banking Company (#20198) Federal Reserve ID: 1463983 Date Established: August 06, 1990 WWW:http://www.communitynational-bank.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) OTS Docket #: 11583 FDIC's unique #: 46305 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: August 06, 1990 Last Structure Change Effective Date: December 28, 2006 Last Structure Change Process Date: January 09, 2007 Last Data Update: January 09, 2007 Data Source Date: April 05, 2012
Location
Address: 600 East Washington Street, 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: $132.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
48Total employees (full-time equivalent)
$126,342Total assets
$6,505Cash and due from depository institutions
$243Interest-bearing balances
$9,197Securities
$6,601Federal funds sold & reverse repurchase agreements
$98,035Net loans & leases
$2,101Loan loss allowance
$0Trading account assets
$2,470Bank premises and fixed assets
$478Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,056All other assets
$126,342Total liabilities and capital
$109,700Total liabilities
$109,146Total deposits
$96,684Interest-bearing deposits
$109,146Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$554All other liabilities
$16,642Total equity capital
$16,642Total bank equity capital
$16,642Perpetual preferred stock
$0Common stock
$1,650Surplus
$2,500Undivided profits
Memoranda
$12,492Noncurrent loans and leases
$6,021Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,377Earning assets
$0Long-term assets (5+ years)
$2,071Average Assets, year-to-date
$114,076Average Assets, quarterly
$3,151Volatile liabilities
$133,072Insider loans
$128,776FHLB advances
$25,187Loans and leases held for sale
$2,607Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,021Total unused commitments
$248Restructured Loans and leases
$1,193Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$9,325Total interest income
$2,843Total interest expense
$6,482Net interest income
$1,207Provision for loan and lease losses
$1,151Total noninterest income
$0Fiduciary activities
$895Service charges on deposit accounts
$0Trading account gains & fees
$256Additional noninterest income
$4,285Total noninterest expense
$2,428Salaries and employee benefits
$470Premises and equipment expense
$1,387Additional noninterest expense
$2,141Pre-tax net operating income
$9Securities gains (losses)
$547Applicable income taxes
$1,603Income before extraordinary items
$0Extraordinary gains - net
$1,603Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,191Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.51%Yield on earning assets
2.29%Cost of funding earning assets
5.22%Net interest margin
0.93%Noninterest income to earning assets
3.45%Noninterest expense to earning assets
1.20%Net operating income to assets
1.20%Return on assets (ROA)
1.62%Pretax return on assets
10.13%Return on equity (ROE)
10.13%Retained earnings to average equity (YTD only)
1.08%Net charge-offs to loans
101.34%Credit loss provision to net charge-offs
2.81%Efficiency ratio
56,138Assets per employee
2.63%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.10%Loss allowance to noncurrent loans
152.58%Noncurrent assets plus other real estate owned to assets
1.47%Noncurrent loans to loans
1.38%Net loans and leases to deposits
89.82%Net loans and leases to core deposits
116.77%Equity capital to assets
13.17%Core capital (leverage) ratio
12.68%Tier 1 risk-based capital ratio
17.11%Total risk-based capital ratio
Memoranda
$18Average assets
$133,072Average earning assets
$15,830Average equity
$124,218Average loans
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