FDIC Certificate #: 32706 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Regions Bank (#12368) Federal Reserve ID: 1407503 Date Established: November 03, 1989 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 13297 FDIC's unique #: 45541 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: November 03, 1989 Last Structure Change Effective Date: June 25, 1999 Last Structure Change Process Date: July 07, 1999 Last Data Update: July 07, 1999 Data Source Date: April 05, 2012
Location
Address: 300 Peachtree Parkway South, Peachtree City, GA 30269 County: Fayette 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: $119.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
42Total employees (full-time equivalent)
$122,930Total assets
$7,438Cash and due from depository institutions
$111Interest-bearing balances
$17,232Securities
$4,330Federal funds sold & reverse repurchase agreements
$89,139Net loans & leases
$1,489Loan loss allowance
$0Trading account assets
$2,637Bank premises and fixed assets
$152Other real estate owned
$158Goodwill and other intangibles
$0Life insurance assets
$1,844All other assets
$122,930Total liabilities and capital
$111,387Total liabilities
$109,170Total deposits
$89,382Interest-bearing deposits
$109,170Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,217All other liabilities
$11,543Total equity capital
$11,543Total bank equity capital
$11,543Perpetual preferred stock
$0Common stock
$500Surplus
$7,500Undivided profits
Memoranda
$3,543Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$488Earning assets
$0Long-term assets (5+ years)
$741Average Assets, year-to-date
$110,812Average Assets, quarterly
$11,317Volatile liabilities
$125,030Insider loans
$123,415FHLB advances
$14,878Loans and leases held for sale
$1,041Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$21,325Total unused commitments
$0Restructured Loans and leases
$97,088Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$10,850Total interest income
$4,336Total interest expense
$6,514Net interest income
$0Provision for loan and lease losses
$690Total noninterest income
$0Fiduciary activities
$549Service charges on deposit accounts
$0Trading account gains & fees
$141Additional noninterest income
$5,177Total noninterest expense
$2,778Salaries and employee benefits
$687Premises and equipment expense
$1,712Additional noninterest expense
$2,027Pre-tax net operating income
-$6Securities gains (losses)
$759Applicable income taxes
$1,262Income before extraordinary items
$0Extraordinary gains - net
$1,262Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$215Sale, conversion, retirement of capital stock, net
$203Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.51%Yield on earning assets
3.80%Cost of funding earning assets
5.71%Net interest margin
0.60%Noninterest income to earning assets
4.54%Noninterest expense to earning assets
1.01%Net operating income to assets
1.01%Return on assets (ROA)
1.62%Pretax return on assets
11.45%Return on equity (ROE)
9.61%Retained earnings to average equity (YTD only)
0.24%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
9.43%Efficiency ratio
70,877Assets per employee
2.93%Cash dividends to net income (YTD only)
Condition Ratios (%)
16.09%Loss allowance to loans
1.64%Loss allowance to noncurrent loans
305.12%Noncurrent assets plus other real estate owned to assets
0.52%Noncurrent loans to loans
0.54%Net loans and leases to deposits
81.65%Net loans and leases to core deposits
94.54%Equity capital to assets
9.39%Core capital (leverage) ratio
9.23%Tier 1 risk-based capital ratio
11.67%Total risk-based capital ratio
Memoranda
$13Average assets
$125,030Average earning assets
$11,019Average equity
$114,089Average loans
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