FDIC Certificate #: 18281 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Citizens Bank and Trust Company, Inc. (#15504) Federal Reserve ID: 138136 Date Established: September 03, 1937 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 12197 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: August 01, 1960 Last Structure Change Effective Date: April 01, 2003 Last Structure Change Process Date: May 16, 2003 Last Data Update: May 16, 2003 Data Source Date: April 05, 2012
Location
Address: Main Street, Carnesville, GA 30521 County: Franklin 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
Financial Summary
Total assets: $123.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
32Total employees (full-time equivalent)
$121,738Total assets
$3,047Cash and due from depository institutions
$101Interest-bearing balances
$11,073Securities
$5,663Federal funds sold & reverse repurchase agreements
$98,447Net loans & leases
$1,856Loan loss allowance
$0Trading account assets
$1,809Bank premises and fixed assets
$216Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,483All other assets
$121,738Total liabilities and capital
$108,347Total liabilities
$107,154Total deposits
$96,874Interest-bearing deposits
$107,154Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,193All other liabilities
$13,391Total equity capital
$13,391Total bank equity capital
$13,391Perpetual preferred stock
$0Common stock
$240Surplus
$4,760Undivided profits
Memoranda
$8,391Noncurrent loans and leases
$4,585Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$905Earning assets
$0Long-term assets (5+ years)
$965Average Assets, year-to-date
$115,284Average Assets, quarterly
$3,279Volatile liabilities
$117,862Insider loans
$121,132FHLB advances
$22,327Loans and leases held for sale
$175Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,585Total unused commitments
$0Restructured Loans and leases
$1,020Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$8,357Total interest income
$3,102Total interest expense
$5,255Net interest income
$240Provision for loan and lease losses
$422Total noninterest income
$0Fiduciary activities
$273Service charges on deposit accounts
$0Trading account gains & fees
$149Additional noninterest income
$2,726Total noninterest expense
$1,717Salaries and employee benefits
$250Premises and equipment expense
$759Additional noninterest expense
$2,711Pre-tax net operating income
$0Securities gains (losses)
$976Applicable income taxes
$1,735Income before extraordinary items
$0Extraordinary gains - net
$1,735Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$61Sale, conversion, retirement of capital stock, net
$850Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.60%Yield on earning assets
2.82%Cost of funding earning assets
4.78%Net interest margin
0.38%Noninterest income to earning assets
2.48%Noninterest expense to earning assets
1.47%Net operating income to assets
1.47%Return on assets (ROA)
2.30%Pretax return on assets
13.35%Return on equity (ROE)
6.81%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
393.44%Credit loss provision to net charge-offs
48.38%Efficiency ratio
48,018Assets per employee
3.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
48.99%Loss allowance to loans
1.85%Loss allowance to noncurrent loans
205.08%Noncurrent assets plus other real estate owned to assets
0.92%Noncurrent loans to loans
0.90%Net loans and leases to deposits
91.87%Net loans and leases to core deposits
116.06%Equity capital to assets
11.00%Core capital (leverage) ratio
10.82%Tier 1 risk-based capital ratio
16.42%Total risk-based capital ratio
Memoranda
$18Average assets
$117,862Average earning assets
$12,993Average equity
$109,971Average loans
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