FDIC Certificate #: 57448 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Community & Southern Bank (#59010) Federal Reserve ID: 3153626 Date Established: March 04, 2003 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 363787 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: March 04, 2003 Last Structure Change Effective Date: September 17, 2010 Last Structure Change Process Date: September 20, 2010 Last Data Update: September 20, 2010 Data Source Date: April 05, 2012
Location
Address: 9001 Hospital Drive, Douglasville, GA 30134 County: Douglas 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: $248.2 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
29Total employees (full-time equivalent)
$267,390Total assets
$15,438Cash and due from depository institutions
$14,441Interest-bearing balances
$26,361Securities
$1,150Federal funds sold & reverse repurchase agreements
$172,110Net loans & leases
$5,213Loan loss allowance
$0Trading account assets
$5,117Bank premises and fixed assets
$38,647Other real estate owned
$0Goodwill and other intangibles
$2,448Life insurance assets
$8,567All other assets
$267,390Total liabilities and capital
$253,082Total liabilities
$251,801Total deposits
$245,069Interest-bearing deposits
$251,801Deposits held in domestic offices
99.04%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,281All other liabilities
$14,308Total equity capital
$14,308Total bank equity capital
$14,308Perpetual preferred stock
$0Common stock
$5,000Surplus
$21,601Undivided profits
Memoranda
$-12,293Noncurrent loans and leases
$4,933Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$54,115Earning assets
$0Long-term assets (5+ years)
$931Average Assets, year-to-date
$214,062Average Assets, quarterly
$26,374Volatile liabilities
$279,694Insider loans
$269,002FHLB advances
$66,668Loans and leases held for sale
$11,695Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,933Total unused commitments
$0Restructured Loans and leases
$2,820Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$10,530Total interest income
$8,943Total interest expense
$1,587Net interest income
$5,937Provision for loan and lease losses
-$72Total noninterest income
$0Fiduciary activities
$54Service charges on deposit accounts
$0Trading account gains & fees
-$126Additional noninterest income
$7,323Total noninterest expense
$2,359Salaries and employee benefits
$492Premises and equipment expense
$4,472Additional noninterest expense
-$11,745Pre-tax net operating income
$573Securities gains (losses)
-$1,720Applicable income taxes
-$9,452Income before extraordinary items
$0Extraordinary gains - net
-$9,452Net income attributable to bank
$0Net charge-offs
-$9,452Cash dividends
$8,028Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.45%Yield on earning assets
3.78%Cost of funding earning assets
0.67%Net interest margin
-0.03%Noninterest income to earning assets
3.10%Noninterest expense to earning assets
-3.55%Net operating income to assets
-3.38%Return on assets (ROA)
-3.99%Pretax return on assets
-44.92%Return on equity (ROE)
-44.92%Retained earnings to average equity (YTD only)
4.00%Net charge-offs to loans
73.95%Credit loss provision to net charge-offs
-0.72%Efficiency ratio
483,366Assets per employee
9.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.94%Loss allowance to noncurrent loans
9.63%Noncurrent assets plus other real estate owned to assets
34.69%Noncurrent loans to loans
30.52%Net loans and leases to deposits
68.35%Net loans and leases to core deposits
92.97%Equity capital to assets
5.35%Core capital (leverage) ratio
5.58%Tier 1 risk-based capital ratio
6.71%Total risk-based capital ratio
Memoranda
$8Average assets
$279,694Average earning assets
$21,042Average equity
$236,600Average loans
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