FDIC Certificate #: 27559 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Renasant Bank (#12437) Federal Reserve ID: 1391170 Date Established: August 14, 1989 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 11 (Interstate: No) OTS Docket #: 9452 FDIC's unique #: 40341 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: August 14, 1989 Last Structure Change Effective Date: July 23, 2010 Last Structure Change Process Date: July 27, 2010 Last Data Update: July 27, 2010 Data Source Date: April 05, 2012
Location
Address: 120 Appalachian Parkway, Jasper, GA 30143 County: Pickens 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 Metropolitan Statistical Area (MSA): Atlanta, GA (#520) Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122) Core Based Statistical Area (CBSA): Atlanta-Sandy Springs-Marietta, GA (#12060) CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
Financial Summary
Total assets: $970.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
172Total employees (full-time equivalent)
$991,838Total assets
$146,247Cash and due from depository institutions
$143,775Interest-bearing balances
$30,806Securities
$17,050Federal funds sold & reverse repurchase agreements
$703,637Net loans & leases
$27,935Loan loss allowance
$0Trading account assets
$21,371Bank premises and fixed assets
$42,817Other real estate owned
$90Goodwill and other intangibles
$14,675Life insurance assets
$29,820All other assets
$991,838Total liabilities and capital
$966,269Total liabilities
$933,054Total deposits
$898,091Interest-bearing deposits
$933,054Deposits held in domestic offices
91.94%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$28,000Other borrowed funds
$0Subordinated debt
$5,215All other liabilities
$25,569Total equity capital
$25,569Total bank equity capital
$25,569Perpetual preferred stock
$0Common stock
$976Surplus
$72,833Undivided profits
Memoranda
$-48,240Noncurrent loans and leases
$44,689Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$79,963Earning assets
$458Long-term assets (5+ years)
$4,272Average Assets, year-to-date
$895,268Average Assets, quarterly
$40,219Volatile liabilities
$1,030,669Insider loans
$1,010,300FHLB advances
$305,563Loans and leases held for sale
$19,549Unused loan commitments
$28,000Tier 1 (core) risk-based capital
$16,477Tier 2 risk-based capital
$0Total risk weighted assets
$44,689Total unused commitments
$7,740Restructured Loans and leases
$10,117Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$44,927Total interest income
$32,263Total interest expense
$12,664Net interest income
$26,201Provision for loan and lease losses
$3,791Total noninterest income
$0Fiduciary activities
$1,656Service charges on deposit accounts
$0Trading account gains & fees
$2,135Additional noninterest income
$27,686Total noninterest expense
$7,432Salaries and employee benefits
$3,345Premises and equipment expense
$16,909Additional noninterest expense
-$37,432Pre-tax net operating income
$0Securities gains (losses)
-$3,050Applicable income taxes
-$34,382Income before extraordinary items
$0Extraordinary gains - net
-$34,382Net income attributable to bank
$0Net charge-offs
-$34,382Cash dividends
$20,546Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.82%Yield on earning assets
3.46%Cost of funding earning assets
1.36%Net interest margin
0.41%Noninterest income to earning assets
2.97%Noninterest expense to earning assets
-3.34%Net operating income to assets
-3.34%Return on assets (ROA)
-3.63%Pretax return on assets
-75.89%Return on equity (ROE)
-75.89%Retained earnings to average equity (YTD only)
2.69%Net charge-offs to loans
127.52%Credit loss provision to net charge-offs
-0.55%Efficiency ratio
167,712Assets per employee
5.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.82%Loss allowance to noncurrent loans
34.93%Noncurrent assets plus other real estate owned to assets
12.38%Noncurrent loans to loans
10.93%Net loans and leases to deposits
75.41%Net loans and leases to core deposits
110.55%Equity capital to assets
2.58%Core capital (leverage) ratio
2.45%Tier 1 risk-based capital ratio
3.16%Total risk-based capital ratio
Memoranda
$4Average assets
$1,030,669Average earning assets
$45,307Average equity
$932,667Average loans
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