FDIC Certificate #: 16672 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Park Avenue Bank (#19797) Federal Reserve ID: 983233 Date Established: January 01, 1948 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 10851 FDIC's unique #: 10801 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 15, 1948 Last Structure Change Effective Date: December 08, 2001 Last Structure Change Process Date: January 09, 2002 Last Data Update: January 09, 2002 Data Source Date: April 05, 2012
Location
Address: 301 West Fourth Street, Adel, GA 31620 County: Cook 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
Financial Summary
Total assets: $58.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
28Total employees (full-time equivalent)
$61,125Total assets
$1,907Cash and due from depository institutions
$178Interest-bearing balances
$5,758Securities
$5,890Federal funds sold & reverse repurchase agreements
$43,305Net loans & leases
$559Loan loss allowance
$0Trading account assets
$1,954Bank premises and fixed assets
$74Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,237All other assets
$61,125Total liabilities and capital
$55,926Total liabilities
$49,184Total deposits
$41,711Interest-bearing deposits
$49,184Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,136Other borrowed funds
$0Subordinated debt
$606All other liabilities
$5,199Total equity capital
$5,199Total bank equity capital
$5,199Perpetual preferred stock
$0Common stock
$175Surplus
$3,240Undivided profits
Memoranda
$1,784Noncurrent loans and leases
$4,984Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$450Earning assets
$0Long-term assets (5+ years)
$1,260Average Assets, year-to-date
$55,131Average Assets, quarterly
$3,083Volatile liabilities
$59,077Insider loans
$61,545FHLB advances
$13,399Loans and leases held for sale
$1,622Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,984Total unused commitments
$0Restructured Loans and leases
$559Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$5,314Total interest income
$2,480Total interest expense
$2,834Net interest income
$209Provision for loan and lease losses
$596Total noninterest income
$0Fiduciary activities
$422Service charges on deposit accounts
$0Trading account gains & fees
$174Additional noninterest income
$1,953Total noninterest expense
$1,026Salaries and employee benefits
$227Premises and equipment expense
$700Additional noninterest expense
$1,268Pre-tax net operating income
-$2Securities gains (losses)
$438Applicable income taxes
$828Income before extraordinary items
$0Extraordinary gains - net
$828Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$79Sale, conversion, retirement of capital stock, net
$458Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
10.00%Yield on earning assets
4.67%Cost of funding earning assets
5.33%Net interest margin
1.12%Noninterest income to earning assets
3.67%Noninterest expense to earning assets
1.40%Net operating income to assets
1.40%Return on assets (ROA)
2.14%Pretax return on assets
16.69%Return on equity (ROE)
7.46%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
264.56%Credit loss provision to net charge-offs
18.70%Efficiency ratio
56,006Assets per employee
2.18%Cash dividends to net income (YTD only)
Condition Ratios (%)
55.31%Loss allowance to loans
1.27%Loss allowance to noncurrent loans
124.22%Noncurrent assets plus other real estate owned to assets
0.86%Noncurrent loans to loans
1.03%Net loans and leases to deposits
88.05%Net loans and leases to core deposits
111.30%Equity capital to assets
8.51%Core capital (leverage) ratio
8.26%Tier 1 risk-based capital ratio
10.97%Total risk-based capital ratio
Memoranda
$12Average assets
$59,077Average earning assets
$4,960Average equity
$53,157Average loans
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