FDIC Certificate #: 35289 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Heritage Bank (#193) Federal Reserve ID: 2839222 Date Established: October 01, 1999 WWW:http://www.cumberlandnationalbank.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 77679 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: October 01, 1999 Last Structure Change Effective Date: September 26, 2003 Last Structure Change Process Date: October 31, 2003 Last Data Update: October 31, 2003 Data Source Date: April 05, 2012
Location
Address: 392 Charlie Smith, Sr. Highway, Saint Marys, GA 31558 County: Camden 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 Core Based Statistical Area (CBSA): St. Marys, GA (#41220) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $51.3 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2002)
Dollar figures in thousands
25Total employees (full-time equivalent)
$57,857Total assets
$668Cash and due from depository institutions
$10Interest-bearing balances
$4,251Securities
$9,610Federal funds sold & reverse repurchase agreements
$40,099Net loans & leases
$1,450Loan loss allowance
$0Trading account assets
$1,751Bank premises and fixed assets
$150Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,328All other assets
$57,857Total liabilities and capital
$52,771Total liabilities
$52,445Total deposits
$49,957Interest-bearing deposits
$52,445Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$326All other liabilities
$5,086Total equity capital
$5,086Total bank equity capital
$5,086Perpetual preferred stock
$0Common stock
$2,000Surplus
$6,550Undivided profits
Memoranda
$-3,464Noncurrent loans and leases
$3,836Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,025Earning assets
$0Long-term assets (5+ years)
$292Average Assets, year-to-date
$53,970Average Assets, quarterly
$5,933Volatile liabilities
$54,009Insider loans
$57,273FHLB advances
$20,717Loans and leases held for sale
$736Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,836Total unused commitments
$0Restructured Loans and leases
$550Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$4,029Total interest income
$2,338Total interest expense
$1,691Net interest income
$812Provision for loan and lease losses
$171Total noninterest income
$0Fiduciary activities
$124Service charges on deposit accounts
$0Trading account gains & fees
$47Additional noninterest income
$2,149Total noninterest expense
$1,034Salaries and employee benefits
$268Premises and equipment expense
$847Additional noninterest expense
-$1,099Pre-tax net operating income
$7Securities gains (losses)
-$69Applicable income taxes
-$1,023Income before extraordinary items
$0Extraordinary gains - net
-$1,023Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,248Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.19%Yield on earning assets
4.75%Cost of funding earning assets
3.44%Net interest margin
0.35%Noninterest income to earning assets
4.37%Noninterest expense to earning assets
-1.91%Net operating income to assets
-1.89%Return on assets (ROA)
-2.02%Pretax return on assets
-21.06%Return on equity (ROE)
-21.06%Retained earnings to average equity (YTD only)
2.91%Net charge-offs to loans
65.06%Credit loss provision to net charge-offs
-0.23%Efficiency ratio
115,414Assets per employee
2.31%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.49%Loss allowance to noncurrent loans
36.02%Noncurrent assets plus other real estate owned to assets
7.22%Noncurrent loans to loans
9.69%Net loans and leases to deposits
76.46%Net loans and leases to core deposits
126.38%Equity capital to assets
8.79%Core capital (leverage) ratio
8.15%Tier 1 risk-based capital ratio
10.87%Total risk-based capital ratio
Memoranda
$12Average assets
$54,009Average earning assets
$4,856Average equity
$49,178Average loans
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