FDIC Certificate #: 35409 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:SunTrust Bank (#867) Federal Reserve ID: 2960331 Date Established: November 14, 2000 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) FDIC's unique #: 79515 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: November 14, 2000 Last Structure Change Effective Date: July 25, 2008 Last Structure Change Process Date: August 11, 2008 Last Data Update: August 11, 2008 Data Source Date: April 05, 2012
Location
Address: 2734 Meadow Church Road, Duluth, GA 30097 County: Gwinnett 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: $184.6 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2007)
Dollar figures in thousands
22Total employees (full-time equivalent)
$204,770Total assets
$1,909Cash and due from depository institutions
$94Interest-bearing balances
$14,892Securities
$1,197Federal funds sold & reverse repurchase agreements
$160,709Net loans & leases
$1,651Loan loss allowance
$0Trading account assets
$3,302Bank premises and fixed assets
$2,806Other real estate owned
$16,847Goodwill and other intangibles
$0Life insurance assets
$3,108All other assets
$204,770Total liabilities and capital
$172,573Total liabilities
$157,417Total deposits
$145,713Interest-bearing deposits
$157,417Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$14,000Other borrowed funds
$0Subordinated debt
$1,156All other liabilities
$32,197Total equity capital
$32,197Total bank equity capital
$32,197Perpetual preferred stock
$0Common stock
$3,889Surplus
$24,928Undivided profits
Memoranda
$3,380Noncurrent loans and leases
$22,723Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,849Earning assets
$0Long-term assets (5+ years)
$1,141Average Assets, year-to-date
$176,892Average Assets, quarterly
$14,964Volatile liabilities
$186,803Insider loans
$200,066FHLB advances
$63,138Loans and leases held for sale
$3,424Unused loan commitments
$14,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$22,723Total unused commitments
$0Restructured Loans and leases
$1,651Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$13,680Total interest income
$7,210Total interest expense
$6,470Net interest income
$400Provision for loan and lease losses
$190Total noninterest income
$0Fiduciary activities
$159Service charges on deposit accounts
$0Trading account gains & fees
$31Additional noninterest income
$3,303Total noninterest expense
$1,576Salaries and employee benefits
$318Premises and equipment expense
$1,409Additional noninterest expense
$2,957Pre-tax net operating income
$1Securities gains (losses)
$996Applicable income taxes
$1,962Income before extraordinary items
$0Extraordinary gains - net
$1,962Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$100Sale, conversion, retirement of capital stock, net
$764Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.64%Yield on earning assets
4.55%Cost of funding earning assets
4.08%Net interest margin
0.12%Noninterest income to earning assets
2.09%Noninterest expense to earning assets
1.05%Net operating income to assets
1.05%Return on assets (ROA)
1.58%Pretax return on assets
6.22%Return on equity (ROE)
3.80%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
400.00%Credit loss provision to net charge-offs
33.57%Efficiency ratio
48,138Assets per employee
9.31%Cash dividends to net income (YTD only)
Condition Ratios (%)
38.94%Loss allowance to loans
1.02%Loss allowance to noncurrent loans
57.95%Noncurrent assets plus other real estate owned to assets
2.76%Noncurrent loans to loans
1.75%Net loans and leases to deposits
102.09%Net loans and leases to core deposits
148.42%Equity capital to assets
15.72%Core capital (leverage) ratio
8.18%Tier 1 risk-based capital ratio
9.05%Total risk-based capital ratio
Memoranda
$10Average assets
$186,803Average earning assets
$31,536Average equity
$158,417Average loans
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