FDIC Certificate #: 19758 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Deposit Insurance National Bank of McDonough (#59058) Federal Reserve ID: 486837 Date Established: October 25, 1925 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 13552 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: October 25, 1967 Last Structure Change Effective Date: January 21, 2011 Last Structure Change Process Date: January 25, 2011 Last Data Update: January 25, 2011 Data Source Date: April 05, 2012
Location
Address: 2097 Highway 20 W, Mcdonough, GA 30253 County: Henry 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: $99.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
18Total employees (full-time equivalent)
$99,461Total assets
$14,561Cash and due from depository institutions
$14,187Interest-bearing balances
$4,951Securities
$0Federal funds sold & reverse repurchase agreements
$70,529Net loans & leases
$1,472Loan loss allowance
$0Trading account assets
$2,849Bank premises and fixed assets
$5,610Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$961All other assets
$99,461Total liabilities and capital
$98,190Total liabilities
$94,591Total deposits
$91,813Interest-bearing deposits
$94,591Deposits held in domestic offices
99.99%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,000Other borrowed funds
$0Subordinated debt
$599All other liabilities
$1,271Total equity capital
$1,271Total bank equity capital
$1,271Perpetual preferred stock
$0Common stock
$50Surplus
$10,750Undivided profits
Memoranda
$-9,529Noncurrent loans and leases
$981Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$21,324Earning assets
$0Long-term assets (5+ years)
$382Average Assets, year-to-date
$89,667Average Assets, quarterly
$3,455Volatile liabilities
$102,971Insider loans
$100,189FHLB advances
$30,803Loans and leases held for sale
$3,219Unused loan commitments
$3,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$981Total unused commitments
$5,276Restructured Loans and leases
$978Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$3,764Total interest income
$2,056Total interest expense
$1,708Net interest income
$3,088Provision for loan and lease losses
$239Total noninterest income
$0Fiduciary activities
$145Service charges on deposit accounts
$0Trading account gains & fees
$94Additional noninterest income
$2,935Total noninterest expense
$1,025Salaries and employee benefits
$298Premises and equipment expense
$1,612Additional noninterest expense
-$4,076Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$4,076Income before extraordinary items
$0Extraordinary gains - net
-$4,076Net income attributable to bank
$0Net charge-offs
-$4,076Cash dividends
$3,559Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.28%Yield on earning assets
2.34%Cost of funding earning assets
1.94%Net interest margin
0.27%Noninterest income to earning assets
3.34%Noninterest expense to earning assets
-3.96%Net operating income to assets
-3.96%Return on assets (ROA)
-3.96%Pretax return on assets
-108.40%Return on equity (ROE)
-108.40%Retained earnings to average equity (YTD only)
4.79%Net charge-offs to loans
86.77%Credit loss provision to net charge-offs
-0.28%Efficiency ratio
150,745Assets per employee
5.53%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.04%Loss allowance to noncurrent loans
6.90%Noncurrent assets plus other real estate owned to assets
27.08%Noncurrent loans to loans
29.62%Net loans and leases to deposits
74.56%Net loans and leases to core deposits
110.57%Equity capital to assets
1.28%Core capital (leverage) ratio
1.21%Tier 1 risk-based capital ratio
1.57%Total risk-based capital ratio
Memoranda
$3Average assets
$102,971Average earning assets
$3,760Average equity
$87,955Average loans
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