FDIC Certificate #: 58539 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Bank of the Ozarks (#110) Federal Reserve ID: 3557617 Date Established: April 09, 2007 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 8 (Interstate: No) FDIC's unique #: 455709 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: April 09, 2007 Last Structure Change Effective Date: April 29, 2011 Last Structure Change Process Date: May 03, 2011 Last Data Update: May 03, 2011 Data Source Date: April 05, 2012
Location
Address: 68 First National Drive, Dallas, GA 30157 County: Paulding 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: $291.2 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
70Total employees (full-time equivalent)
$308,453Total assets
$27,988Cash and due from depository institutions
$23,047Interest-bearing balances
$18,319Securities
$0Federal funds sold & reverse repurchase agreements
$244,722Net loans & leases
$17,127Loan loss allowance
$0Trading account assets
$9,676Bank premises and fixed assets
$3,404Other real estate owned
$311Goodwill and other intangibles
$1,360Life insurance assets
$4,033All other assets
$308,453Total liabilities and capital
$316,042Total liabilities
$310,004Total deposits
$293,609Interest-bearing deposits
$310,004Deposits held in domestic offices
94.93%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,977Other borrowed funds
$0Subordinated debt
$1,061All other liabilities
$-7,589Total equity capital
$-7,589Total bank equity capital
$-7,589Perpetual preferred stock
$0Common stock
$9,433Surplus
$30,600Undivided profits
Memoranda
$-47,622Noncurrent loans and leases
$9,955Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$79,487Earning assets
$0Long-term assets (5+ years)
$1,300Average Assets, year-to-date
$286,088Average Assets, quarterly
$13,409Volatile liabilities
$343,296Insider loans
$325,280FHLB advances
$93,431Loans and leases held for sale
$2,755Unused loan commitments
$4,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,955Total unused commitments
$28,123Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$14,941Total interest income
$6,216Total interest expense
$8,725Net interest income
$33,815Provision for loan and lease losses
-$3,541Total noninterest income
$0Fiduciary activities
$407Service charges on deposit accounts
$0Trading account gains & fees
-$3,948Additional noninterest income
$10,273Total noninterest expense
$4,297Salaries and employee benefits
$1,458Premises and equipment expense
$4,518Additional noninterest expense
-$38,904Pre-tax net operating income
$20Securities gains (losses)
$3,546Applicable income taxes
-$42,430Income before extraordinary items
$0Extraordinary gains - net
-$42,430Net income attributable to bank
$0Net charge-offs
-$42,430Cash dividends
$21,695Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.79%Yield on earning assets
1.99%Cost of funding earning assets
2.80%Net interest margin
-1.13%Noninterest income to earning assets
3.29%Noninterest expense to earning assets
-12.37%Net operating income to assets
-12.36%Return on assets (ROA)
-11.33%Pretax return on assets
-249.94%Return on equity (ROE)
-249.94%Retained earnings to average equity (YTD only)
7.67%Net charge-offs to loans
155.87%Credit loss provision to net charge-offs
-0.23%Efficiency ratio
196,644Assets per employee
4.41%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
6.54%Loss allowance to noncurrent loans
21.55%Noncurrent assets plus other real estate owned to assets
26.87%Noncurrent loans to loans
30.36%Net loans and leases to deposits
78.94%Net loans and leases to core deposits
113.00%Equity capital to assets
-2.46%Core capital (leverage) ratio
-2.37%Tier 1 risk-based capital ratio
-2.96%Total risk-based capital ratio
Memoranda
-$3Average assets
$343,296Average earning assets
$16,976Average equity
$312,122Average loans
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