FDIC Certificate #: 11292 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First National Bank of Georgia (#16480) Federal Reserve ID: 39934 Date Established: March 04, 1909 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 8 (Interstate: No) OTS Docket #: 13321 FDIC's unique #: 7206 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: January 01, 1934 Last Structure Change Effective Date: July 01, 2007 Last Structure Change Process Date: July 16, 2007 Last Data Update: July 16, 2007 Data Source Date: April 05, 2012
Location
Address: Highway 27, Buchanan, GA 30113 County: Haralson 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: $211.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
89Total employees (full-time equivalent)
$215,377Total assets
$9,621Cash and due from depository institutions
$4,864Interest-bearing balances
$46,792Securities
$7,056Federal funds sold & reverse repurchase agreements
$138,218Net loans & leases
$1,709Loan loss allowance
$0Trading account assets
$7,013Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$3,497Life insurance assets
$6,677All other assets
$215,377Total liabilities and capital
$196,125Total liabilities
$183,403Total deposits
$163,927Interest-bearing deposits
$183,403Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$10,000Other borrowed funds
$0Subordinated debt
$2,722All other liabilities
$19,252Total equity capital
$19,252Total bank equity capital
$19,252Perpetual preferred stock
$0Common stock
$200Surplus
$3,113Undivided profits
Memoranda
$15,939Noncurrent loans and leases
$11,177Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$83Earning assets
$0Long-term assets (5+ years)
$740Average Assets, year-to-date
$196,930Average Assets, quarterly
$33,004Volatile liabilities
$202,426Insider loans
$210,190FHLB advances
$38,392Loans and leases held for sale
$1,130Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,177Total unused commitments
$0Restructured Loans and leases
$1,709Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$12,916Total interest income
$5,482Total interest expense
$7,434Net interest income
$187Provision for loan and lease losses
$3,128Total noninterest income
$0Fiduciary activities
$2,300Service charges on deposit accounts
$0Trading account gains & fees
$828Additional noninterest income
$7,495Total noninterest expense
$4,527Salaries and employee benefits
$904Premises and equipment expense
$2,064Additional noninterest expense
$2,880Pre-tax net operating income
-$6Securities gains (losses)
$657Applicable income taxes
$2,217Income before extraordinary items
$0Extraordinary gains - net
$2,217Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$172Sale, conversion, retirement of capital stock, net
$1,500Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.99%Yield on earning assets
2.97%Cost of funding earning assets
4.02%Net interest margin
1.69%Noninterest income to earning assets
4.05%Noninterest expense to earning assets
1.10%Net operating income to assets
1.10%Return on assets (ROA)
1.42%Pretax return on assets
11.55%Return on equity (ROE)
3.73%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
108.72%Credit loss provision to net charge-offs
17.83%Efficiency ratio
70,962Assets per employee
2.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
67.66%Loss allowance to loans
1.22%Loss allowance to noncurrent loans
2059.04%Noncurrent assets plus other real estate owned to assets
0.04%Noncurrent loans to loans
0.06%Net loans and leases to deposits
75.36%Net loans and leases to core deposits
95.32%Equity capital to assets
8.94%Core capital (leverage) ratio
8.98%Tier 1 risk-based capital ratio
13.84%Total risk-based capital ratio
Memoranda
$15Average assets
$202,426Average earning assets
$19,198Average equity
$184,875Average loans
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