FDIC Certificate #: 186 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:RBC Bank (USA) (#33184) Federal Reserve ID: 203333 Date Established: July 01, 1931 WWW:http://www.flagbank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 19 (Interstate: No) OTS Docket #: 10548 FDIC's unique #: 148 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: January 01, 1934 Last Structure Change Effective Date: December 09, 2006 Last Structure Change Process Date: December 21, 2006 Last Data Update: December 21, 2006 Data Source Date: April 05, 2012
Location
Address: 3475 Piedmont Road, Ne, Suite 550, Atlanta, GA 30305 County: Fulton 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: $1,756.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
353Total employees (full-time equivalent)
$1,682,859Total assets
$53,157Cash and due from depository institutions
$6,783Interest-bearing balances
$228,477Securities
$23,184Federal funds sold & reverse repurchase agreements
$1,218,720Net loans & leases
$16,779Loan loss allowance
$0Trading account assets
$13,985Bank premises and fixed assets
$3,430Other real estate owned
$101,895Goodwill and other intangibles
$0Life insurance assets
$40,011All other assets
$1,682,859Total liabilities and capital
$1,463,600Total liabilities
$1,300,293Total deposits
$1,112,435Interest-bearing deposits
$1,300,293Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$147,611Other borrowed funds
$0Subordinated debt
$15,696All other liabilities
$219,259Total equity capital
$219,259Total bank equity capital
$219,259Perpetual preferred stock
$0Common stock
$440Surplus
$176,915Undivided profits
Memoranda
$41,904Noncurrent loans and leases
$398,512Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$5,814Earning assets
$2,380Long-term assets (5+ years)
$10,165Average Assets, year-to-date
$1,477,164Average Assets, quarterly
$140,819Volatile liabilities
$1,018,663Insider loans
$1,296,754FHLB advances
$326,096Loans and leases held for sale
$4,411Unused loan commitments
$143,469Tier 1 (core) risk-based capital
$125,000Tier 2 risk-based capital
$11,665Total risk weighted assets
$398,512Total unused commitments
$0Restructured Loans and leases
$16,158Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$62,753Total interest income
$22,118Total interest expense
$40,635Net interest income
$750Provision for loan and lease losses
$10,507Total noninterest income
$0Fiduciary activities
$3,261Service charges on deposit accounts
$0Trading account gains & fees
$7,246Additional noninterest income
$33,934Total noninterest expense
$20,724Salaries and employee benefits
$3,807Premises and equipment expense
$9,403Additional noninterest expense
$16,458Pre-tax net operating income
-$1,064Securities gains (losses)
$5,082Applicable income taxes
$10,312Income before extraordinary items
$0Extraordinary gains - net
$10,312Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$970Sale, conversion, retirement of capital stock, net
$2,500Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.80%Yield on earning assets
2.40%Cost of funding earning assets
4.40%Net interest margin
1.14%Noninterest income to earning assets
3.67%Noninterest expense to earning assets
1.08%Net operating income to assets
1.01%Return on assets (ROA)
1.51%Pretax return on assets
9.54%Return on equity (ROE)
7.22%Retained earnings to average equity (YTD only)
-0.13%Net charge-offs to loans
-77.32%Credit loss provision to net charge-offs
0.00%Efficiency ratio
66,020Assets per employee
4.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
24.24%Loss allowance to loans
1.36%Loss allowance to noncurrent loans
288.60%Noncurrent assets plus other real estate owned to assets
0.41%Noncurrent loans to loans
0.47%Net loans and leases to deposits
93.73%Net loans and leases to core deposits
124.57%Equity capital to assets
13.03%Core capital (leverage) ratio
10.58%Tier 1 risk-based capital ratio
9.07%Total risk-based capital ratio
Memoranda
$10Average assets
$1,018,663Average earning assets
$108,139Average equity
$923,407Average loans
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