FDIC Certificate #: 10071 Status: Inactive Closing history: Corrections Acquiring institution:Regions Bank (#12368) Federal Reserve ID: 135537 Date Established: January 29, 1927 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 18 (Interstate: No) OTS Docket #: 10596 FDIC's unique #: 6439 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes Oakar Institutions: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: April 23, 1999 Last Structure Change Process Date: June 23, 1999 Last Data Update: August 06, 1999 Data Source Date: April 05, 2012
Location
Address: 140 West Main Street, Canton, GA 30114 County: Cherokee 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)
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $417.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
187Total employees (full-time equivalent)
$421,793Total assets
$16,100Cash and due from depository institutions
$143Interest-bearing balances
$71,187Securities
$55,660Federal funds sold & reverse repurchase agreements
$254,528Net loans & leases
$5,378Loan loss allowance
$0Trading account assets
$8,957Bank premises and fixed assets
$98Other real estate owned
$1,553Goodwill and other intangibles
$0Life insurance assets
$13,710All other assets
$421,793Total liabilities and capital
$392,714Total liabilities
$366,147Total deposits
$313,650Interest-bearing deposits
$366,147Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$24,555Other borrowed funds
$0Subordinated debt
$2,012All other liabilities
$29,079Total equity capital
$29,079Total bank equity capital
$29,079Perpetual preferred stock
$0Common stock
$9,110Surplus
$17,425Undivided profits
Memoranda
$2,544Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$8,177Earning assets
$0Long-term assets (5+ years)
$2,065Average Assets, year-to-date
$381,518Average Assets, quarterly
$105,541Volatile liabilities
$418,465Insider loans
$416,519FHLB advances
$47,451Loans and leases held for sale
$5,683Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,754Total risk weighted assets
$41,877Total unused commitments
$0Restructured Loans and leases
$302,913Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$36,328Total interest income
$16,476Total interest expense
$19,852Net interest income
$6,788Provision for loan and lease losses
$4,481Total noninterest income
$0Fiduciary activities
$1,773Service charges on deposit accounts
$0Trading account gains & fees
$2,708Additional noninterest income
$16,075Total noninterest expense
$6,950Salaries and employee benefits
$5,525Premises and equipment expense
$3,600Additional noninterest expense
$1,470Pre-tax net operating income
$0Securities gains (losses)
$438Applicable income taxes
$1,032Income before extraordinary items
$0Extraordinary gains - net
$1,032Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$4,156Sale, conversion, retirement of capital stock, net
$1,181Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.66%Yield on earning assets
4.38%Cost of funding earning assets
5.28%Net interest margin
1.19%Noninterest income to earning assets
4.27%Noninterest expense to earning assets
0.25%Net operating income to assets
0.25%Return on assets (ROA)
0.35%Pretax return on assets
3.39%Return on equity (ROE)
-0.49%Retained earnings to average equity (YTD only)
1.56%Net charge-offs to loans
163.37%Credit loss provision to net charge-offs
1.99%Efficiency ratio
65,158Assets per employee
2.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
114.44%Loss allowance to loans
2.07%Loss allowance to noncurrent loans
65.77%Noncurrent assets plus other real estate owned to assets
1.96%Noncurrent loans to loans
3.15%Net loans and leases to deposits
69.52%Net loans and leases to core deposits
79.87%Equity capital to assets
6.89%Core capital (leverage) ratio
6.61%Tier 1 risk-based capital ratio
9.03%Total risk-based capital ratio
Memoranda
$10Average assets
$418,465Average earning assets
$30,401Average equity
$376,129Average loans
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