FDIC Certificate #: 34392 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Fidelity Bank (#21440) Federal Reserve ID: 2534086 Date Established: September 02, 1997 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) FDIC's unique #: 57155 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: September 02, 1997 Last Structure Change Effective Date: October 21, 2011 Last Structure Change Process Date: October 24, 2011 Last Data Update: October 24, 2011 Data Source Date: April 05, 2012
Location
Address: 1120 Commerce Drive, Decatur, GA 30030 County: Dekalb 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: $184.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
36Total employees (full-time equivalent)
$197,785Total assets
$27,383Cash and due from depository institutions
$25,120Interest-bearing balances
$34,077Securities
$1,515Federal funds sold & reverse repurchase agreements
$113,894Net loans & leases
$3,037Loan loss allowance
$0Trading account assets
$4,057Bank premises and fixed assets
$12,083Other real estate owned
$0Goodwill and other intangibles
$1,843Life insurance assets
$4,776All other assets
$197,785Total liabilities and capital
$193,755Total liabilities
$180,998Total deposits
$162,147Interest-bearing deposits
$180,998Deposits held in domestic offices
95.46%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$12,000Other borrowed funds
$0Subordinated debt
$757All other liabilities
$4,030Total equity capital
$4,030Total bank equity capital
$4,030Perpetual preferred stock
$0Common stock
$4,000Surplus
$12,737Undivided profits
Memoranda
$-12,707Noncurrent loans and leases
$11,252Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$10,287Earning assets
$0Long-term assets (5+ years)
$690Average Assets, year-to-date
$174,606Average Assets, quarterly
$36,319Volatile liabilities
$223,161Insider loans
$204,184FHLB advances
$48,428Loans and leases held for sale
$647Unused loan commitments
$12,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,252Total unused commitments
$3,748Restructured Loans and leases
$1,782Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$8,644Total interest income
$3,800Total interest expense
$4,844Net interest income
$3,552Provision for loan and lease losses
-$2,845Total noninterest income
$0Fiduciary activities
$349Service charges on deposit accounts
$0Trading account gains & fees
-$3,194Additional noninterest income
$7,335Total noninterest expense
$2,765Salaries and employee benefits
$529Premises and equipment expense
$4,041Additional noninterest expense
-$8,888Pre-tax net operating income
$883Securities gains (losses)
$0Applicable income taxes
-$8,005Income before extraordinary items
$0Extraordinary gains - net
-$8,005Net income attributable to bank
$0Net charge-offs
-$8,005Cash dividends
$4,168Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.37%Yield on earning assets
1.92%Cost of funding earning assets
2.45%Net interest margin
-1.44%Noninterest income to earning assets
3.71%Noninterest expense to earning assets
-3.98%Net operating income to assets
-3.59%Return on assets (ROA)
-3.59%Pretax return on assets
-103.04%Return on equity (ROE)
-103.04%Retained earnings to average equity (YTD only)
3.21%Net charge-offs to loans
85.22%Credit loss provision to net charge-offs
-1.28%Efficiency ratio
366,933Assets per employee
5.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.60%Loss allowance to noncurrent loans
29.52%Noncurrent assets plus other real estate owned to assets
11.31%Noncurrent loans to loans
8.80%Net loans and leases to deposits
62.93%Net loans and leases to core deposits
85.91%Equity capital to assets
2.04%Core capital (leverage) ratio
2.31%Tier 1 risk-based capital ratio
3.40%Total risk-based capital ratio
Memoranda
$5Average assets
$223,161Average earning assets
$7,769Average equity
$197,704Average loans
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