FDIC Certificate #: 27609 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:NBC National Bank (#26699) Federal Reserve ID: 1402656 Date Established: October 23, 1989 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 10254 FDIC's unique #: 40443 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 23, 1989 Last Structure Change Effective Date: March 18, 1999 Last Structure Change Process Date: May 06, 1999 Last Data Update: May 06, 1999 Data Source Date: April 05, 2012
Location
Address: 827 Joe Frank Harris Parkway, S.E., Cartersville, GA 30120 County: Bartow Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Dallas 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: $117.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
37Total employees (full-time equivalent)
$117,057Total assets
$20,583Cash and due from depository institutions
$16,455Interest-bearing balances
$18,917Securities
$0Federal funds sold & reverse repurchase agreements
$72,767Net loans & leases
$1,136Loan loss allowance
$0Trading account assets
$1,777Bank premises and fixed assets
$187Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,826All other assets
$117,057Total liabilities and capital
$107,948Total liabilities
$103,493Total deposits
$90,074Interest-bearing deposits
$103,493Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,385Other borrowed funds
$0Subordinated debt
$2,070All other liabilities
$9,109Total equity capital
$9,109Total bank equity capital
$9,109Perpetual preferred stock
$0Common stock
$2,076Surplus
$3,524Undivided profits
Memoranda
$3,509Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$243Earning assets
$0Long-term assets (5+ years)
$561Average Assets, year-to-date
$108,139Average Assets, quarterly
$29,615Volatile liabilities
$103,154Insider loans
$112,074FHLB advances
$13,333Loans and leases held for sale
$1,298Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,787Total unused commitments
$0Restructured Loans and leases
$79,390Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$8,628Total interest income
$3,728Total interest expense
$4,900Net interest income
$475Provision for loan and lease losses
$762Total noninterest income
$0Fiduciary activities
$490Service charges on deposit accounts
$0Trading account gains & fees
$272Additional noninterest income
$3,285Total noninterest expense
$1,775Salaries and employee benefits
$486Premises and equipment expense
$1,024Additional noninterest expense
$1,902Pre-tax net operating income
-$2Securities gains (losses)
$572Applicable income taxes
$1,328Income before extraordinary items
$0Extraordinary gains - net
$1,328Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$474Sale, conversion, retirement of capital stock, net
$291Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.06%Yield on earning assets
3.91%Cost of funding earning assets
5.14%Net interest margin
0.80%Noninterest income to earning assets
3.45%Noninterest expense to earning assets
1.29%Net operating income to assets
1.29%Return on assets (ROA)
1.84%Pretax return on assets
15.47%Return on equity (ROE)
12.08%Retained earnings to average equity (YTD only)
0.68%Net charge-offs to loans
100.21%Credit loss provision to net charge-offs
5.01%Efficiency ratio
58,018Assets per employee
3.16%Cash dividends to net income (YTD only)
Condition Ratios (%)
21.91%Loss allowance to loans
1.54%Loss allowance to noncurrent loans
467.49%Noncurrent assets plus other real estate owned to assets
0.37%Noncurrent loans to loans
0.33%Net loans and leases to deposits
70.31%Net loans and leases to core deposits
80.71%Equity capital to assets
7.78%Core capital (leverage) ratio
10.10%Tier 1 risk-based capital ratio
11.26%Total risk-based capital ratio
Memoranda
$13Average assets
$103,154Average earning assets
$8,585Average equity
$95,245Average loans
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