FDIC Certificate #: 27543 Status: Inactive Closing history: Change in Geographic Region/Area/Territory/Field Office Acquiring institution:SunTrust Bank (#867) Federal Reserve ID: 1401547 Date Established: July 03, 1989 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) OTS Docket #: 12997 FDIC's unique #: 40323 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: July 03, 1989 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: 2501 North Columbia Street, Milledgeville, GA 31061 County: Baldwin 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 Core Based Statistical Area (CBSA): Milledgeville, GA (#33300) CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Change in Geographic Region/Area/Territory/Field Office
Financial Summary
Total assets: $206.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
44Total employees (full-time equivalent)
$215,404Total assets
$4,768Cash and due from depository institutions
$38Interest-bearing balances
$17,259Securities
$4,479Federal funds sold & reverse repurchase agreements
$147,704Net loans & leases
$1,742Loan loss allowance
$0Trading account assets
$4,861Bank premises and fixed assets
$228Other real estate owned
$22,446Goodwill and other intangibles
$7,805Life insurance assets
$13,659All other assets
$215,404Total liabilities and capital
$175,133Total liabilities
$154,031Total deposits
$133,838Interest-bearing deposits
$154,031Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$14,238Other borrowed funds
$0Subordinated debt
$6,864All other liabilities
$40,271Total equity capital
$40,271Total bank equity capital
$40,271Perpetual preferred stock
$0Common stock
$1,750Surplus
$33,778Undivided profits
Memoranda
$4,743Noncurrent loans and leases
$29,220Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,924Earning assets
$0Long-term assets (5+ years)
$1,557Average Assets, year-to-date
$169,480Average Assets, quarterly
$6,399Volatile liabilities
$212,333Insider loans
$214,047FHLB advances
$41,064Loans and leases held for sale
$2,830Unused loan commitments
$14,238Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$29,220Total unused commitments
$0Restructured Loans and leases
$1,742Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$13,249Total interest income
$6,247Total interest expense
$7,002Net interest income
$80Provision for loan and lease losses
$1,534Total noninterest income
$0Fiduciary activities
$966Service charges on deposit accounts
$0Trading account gains & fees
$568Additional noninterest income
$5,581Total noninterest expense
$2,726Salaries and employee benefits
$566Premises and equipment expense
$2,289Additional noninterest expense
$2,875Pre-tax net operating income
$1Securities gains (losses)
$840Applicable income taxes
$2,036Income before extraordinary items
$0Extraordinary gains - net
$2,036Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$103Sale, conversion, retirement of capital stock, net
$1,088Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.98%Yield on earning assets
3.76%Cost of funding earning assets
4.22%Net interest margin
0.92%Noninterest income to earning assets
3.36%Noninterest expense to earning assets
0.96%Net operating income to assets
0.96%Return on assets (ROA)
1.35%Pretax return on assets
5.13%Return on equity (ROE)
2.39%Retained earnings to average equity (YTD only)
-0.07%Net charge-offs to loans
-77.67%Credit loss provision to net charge-offs
0.00%Efficiency ratio
62,195Assets per employee
4.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
53.44%Loss allowance to loans
1.17%Loss allowance to noncurrent loans
90.54%Noncurrent assets plus other real estate owned to assets
1.00%Noncurrent loans to loans
1.29%Net loans and leases to deposits
95.89%Net loans and leases to core deposits
122.41%Equity capital to assets
18.70%Core capital (leverage) ratio
9.05%Tier 1 risk-based capital ratio
10.57%Total risk-based capital ratio
Memoranda
$12Average assets
$212,333Average earning assets
$39,658Average equity
$166,045Average loans
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