FDIC Certificate #: 34152 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:The Savannah Bank, National Association (#33120) Federal Reserve ID: 2354314 Date Established: April 01, 1996 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 4 (Interstate: No) FDIC's unique #: 56298 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: April 01, 1996 Last Structure Change Effective Date: June 25, 2010 Last Structure Change Process Date: June 26, 2010 Last Data Update: June 26, 2010 Data Source Date: April 05, 2012
Location
Address: 5225 Abercorn Street, Savannah, GA 31405 County: Chatham Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Savannah Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Savannah, GA (#7520) Combined Statistical Area (CSA): Savannah-Hinesville-Fort Stewart, GA (#496) Core Based Statistical Area (CBSA): Savannah, GA (#42340) CBSA Metro Statistical Area: Savannah, GA (#42340)
Financial Summary
Total assets: $252.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
35Total employees (full-time equivalent)
$272,953Total assets
$35,635Cash and due from depository institutions
$33,557Interest-bearing balances
$35,183Securities
$0Federal funds sold & reverse repurchase agreements
$182,810Net loans & leases
$9,417Loan loss allowance
$0Trading account assets
$2,864Bank premises and fixed assets
$4,627Other real estate owned
$0Goodwill and other intangibles
$5,686Life insurance assets
$11,834All other assets
$272,953Total liabilities and capital
$266,844Total liabilities
$251,121Total deposits
$243,488Interest-bearing deposits
$251,121Deposits held in domestic offices
89.30%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$15,000Other borrowed funds
$0Subordinated debt
$723All other liabilities
$6,109Total equity capital
$6,109Total bank equity capital
$6,109Perpetual preferred stock
$0Common stock
$8,223Surplus
$12,034Undivided profits
Memoranda
$-14,148Noncurrent loans and leases
$6,482Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$54,575Earning assets
$0Long-term assets (5+ years)
$993Average Assets, year-to-date
$251,550Average Assets, quarterly
$38,199Volatile liabilities
$288,805Insider loans
$295,688FHLB advances
$126,004Loans and leases held for sale
$6,559Unused loan commitments
$15,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$560Total risk weighted assets
$6,482Total unused commitments
$1,842Restructured Loans and leases
$2,361Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$12,557Total interest income
$8,242Total interest expense
$4,315Net interest income
$15,015Provision for loan and lease losses
$441Total noninterest income
$0Fiduciary activities
$167Service charges on deposit accounts
$0Trading account gains & fees
$274Additional noninterest income
$9,074Total noninterest expense
$2,966Salaries and employee benefits
$1,231Premises and equipment expense
$4,877Additional noninterest expense
-$19,333Pre-tax net operating income
-$186Securities gains (losses)
-$767Applicable income taxes
-$18,752Income before extraordinary items
$0Extraordinary gains - net
-$18,752Net income attributable to bank
$0Net charge-offs
-$18,752Cash dividends
$12,830Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.71%Yield on earning assets
3.09%Cost of funding earning assets
1.62%Net interest margin
0.17%Noninterest income to earning assets
3.40%Noninterest expense to earning assets
-6.43%Net operating income to assets
-6.49%Return on assets (ROA)
-6.76%Pretax return on assets
-94.45%Return on equity (ROE)
-94.45%Retained earnings to average equity (YTD only)
6.23%Net charge-offs to loans
117.03%Credit loss provision to net charge-offs
-0.34%Efficiency ratio
190,791Assets per employee
7.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.90%Loss allowance to noncurrent loans
17.26%Noncurrent assets plus other real estate owned to assets
21.69%Noncurrent loans to loans
28.39%Net loans and leases to deposits
72.80%Net loans and leases to core deposits
140.50%Equity capital to assets
2.24%Core capital (leverage) ratio
2.03%Tier 1 risk-based capital ratio
3.33%Total risk-based capital ratio
Memoranda
$5Average assets
$288,805Average earning assets
$19,855Average equity
$266,870Average loans
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