FDIC Certificate #: 33140 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:SouthTrust Bank (#849) Federal Reserve ID: 1481914 Date Established: October 15, 1990 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 11877 FDIC's unique #: 46375 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: October 15, 1990 Last Structure Change Effective Date: December 15, 2000 Last Structure Change Process Date: Febuary 14, 2001 Last Data Update: Febuary 14, 2001 Data Source Date: April 05, 2012
Location
Address: 1997 Capital Circle, N.E., Tallahassee, FL 32308 County: Leon Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Gainesville Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Tallahassee, FL (#8240) Core Based Statistical Area (CBSA): Tallahassee, FL (#45220) CBSA Metro Statistical Area: Tallahassee, FL (#45220)
Financial Summary
Total assets: $99.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
40Total employees (full-time equivalent)
$101,218Total assets
$4,054Cash and due from depository institutions
$23Interest-bearing balances
$15,828Securities
$4,324Federal funds sold & reverse repurchase agreements
$72,424Net loans & leases
$718Loan loss allowance
$0Trading account assets
$2,622Bank premises and fixed assets
$109Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,857All other assets
$101,218Total liabilities and capital
$93,243Total liabilities
$92,099Total deposits
$67,848Interest-bearing deposits
$92,099Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$571Other borrowed funds
$0Subordinated debt
$573All other liabilities
$7,975Total equity capital
$7,975Total bank equity capital
$7,975Perpetual preferred stock
$0Common stock
$2,000Surplus
$2,000Undivided profits
Memoranda
$3,975Noncurrent loans and leases
$22,887Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$139Earning assets
$0Long-term assets (5+ years)
$531Average Assets, year-to-date
$92,599Average Assets, quarterly
$15,292Volatile liabilities
$94,390Insider loans
$97,958FHLB advances
$16,000Loans and leases held for sale
$7,930Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$22,887Total unused commitments
$0Restructured Loans and leases
$718Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$7,026Total interest income
$2,910Total interest expense
$4,116Net interest income
$250Provision for loan and lease losses
$1,342Total noninterest income
$0Fiduciary activities
$582Service charges on deposit accounts
$0Trading account gains & fees
$760Additional noninterest income
$3,816Total noninterest expense
$1,446Salaries and employee benefits
$562Premises and equipment expense
$1,808Additional noninterest expense
$1,392Pre-tax net operating income
$0Securities gains (losses)
$423Applicable income taxes
$969Income before extraordinary items
$0Extraordinary gains - net
$969Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$142Sale, conversion, retirement of capital stock, net
$80Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.29%Yield on earning assets
3.43%Cost of funding earning assets
4.85%Net interest margin
1.58%Noninterest income to earning assets
4.50%Noninterest expense to earning assets
1.03%Net operating income to assets
1.03%Return on assets (ROA)
1.47%Pretax return on assets
12.45%Return on equity (ROE)
11.42%Retained earnings to average equity (YTD only)
0.22%Net charge-offs to loans
176.06%Credit loss provision to net charge-offs
11.56%Efficiency ratio
69,916Assets per employee
2.53%Cash dividends to net income (YTD only)
Condition Ratios (%)
8.26%Loss allowance to loans
0.98%Loss allowance to noncurrent loans
516.55%Noncurrent assets plus other real estate owned to assets
0.25%Noncurrent loans to loans
0.19%Net loans and leases to deposits
78.64%Net loans and leases to core deposits
95.17%Equity capital to assets
7.88%Core capital (leverage) ratio
8.51%Tier 1 risk-based capital ratio
9.99%Total risk-based capital ratio
Memoranda
$11Average assets
$94,390Average earning assets
$7,786Average equity
$84,804Average loans
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