FDIC Certificate #: 57647 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:CertusBank, National Association (#59028) Federal Reserve ID: 3219335 Date Established: November 03, 2003 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 15 (Interstate: No) FDIC's unique #: 419030 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: November 03, 2003 Last Structure Change Effective Date: May 20, 2011 Last Structure Change Process Date: May 23, 2011 Last Data Update: May 23, 2011 Data Source Date: April 05, 2012
Location
Address: 101 Main Street, Franklin, GA 30217 County: Heard 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 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: $731.0 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
158Total employees (full-time equivalent)
$780,061Total assets
$138,752Cash and due from depository institutions
$134,292Interest-bearing balances
$58,064Securities
$0Federal funds sold & reverse repurchase agreements
$504,239Net loans & leases
$12,706Loan loss allowance
$0Trading account assets
$35,403Bank premises and fixed assets
$35,082Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$8,521All other assets
$780,061Total liabilities and capital
$762,453Total liabilities
$739,521Total deposits
$694,011Interest-bearing deposits
$739,521Deposits held in domestic offices
92.23%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$22,000Other borrowed funds
$0Subordinated debt
$932All other liabilities
$17,608Total equity capital
$17,608Total bank equity capital
$17,608Perpetual preferred stock
$0Common stock
$14,460Surplus
$61,744Undivided profits
Memoranda
$-58,596Noncurrent loans and leases
$23,760Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$48,666Earning assets
$0Long-term assets (5+ years)
$2,377Average Assets, year-to-date
$696,595Average Assets, quarterly
$94,386Volatile liabilities
$801,333Insider loans
$791,101FHLB advances
$267,092Loans and leases held for sale
$5,801Unused loan commitments
$22,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$570Total risk weighted assets
$23,760Total unused commitments
$10,840Restructured Loans and leases
$6,730Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$34,405Total interest income
$13,030Total interest expense
$21,375Net interest income
$14,566Provision for loan and lease losses
$79Total noninterest income
$0Fiduciary activities
$2,152Service charges on deposit accounts
$0Trading account gains & fees
-$2,073Additional noninterest income
$23,310Total noninterest expense
$9,603Salaries and employee benefits
$2,936Premises and equipment expense
$10,771Additional noninterest expense
-$16,422Pre-tax net operating income
$949Securities gains (losses)
$0Applicable income taxes
-$15,473Income before extraordinary items
$0Extraordinary gains - net
-$15,473Net income attributable to bank
$0Net charge-offs
-$15,473Cash dividends
$14,739Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.81%Yield on earning assets
1.82%Cost of funding earning assets
2.99%Net interest margin
0.01%Noninterest income to earning assets
3.26%Noninterest expense to earning assets
-2.05%Net operating income to assets
-1.93%Return on assets (ROA)
-1.93%Pretax return on assets
-55.84%Return on equity (ROE)
-55.84%Retained earnings to average equity (YTD only)
2.61%Net charge-offs to loans
98.83%Credit loss provision to net charge-offs
-0.13%Efficiency ratio
108,651Assets per employee
4.94%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.46%Loss allowance to noncurrent loans
26.11%Noncurrent assets plus other real estate owned to assets
10.74%Noncurrent loans to loans
9.41%Net loans and leases to deposits
68.18%Net loans and leases to core deposits
104.52%Equity capital to assets
2.26%Core capital (leverage) ratio
2.40%Tier 1 risk-based capital ratio
3.61%Total risk-based capital ratio
Memoranda
$5Average assets
$801,333Average earning assets
$27,710Average equity
$715,135Average loans
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