FDIC Certificate #: 34594 Status: Inactive Closing history: Corrections Acquiring institution:First American Bank and Trust Company (#16858) Federal Reserve ID: 2686828 Date Established: April 15, 1998 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 15628 FDIC's unique #: 60758 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: April 15, 1998 Last Structure Change Effective Date: July 17, 2009 Last Structure Change Process Date: July 20, 2009 Last Data Update: July 20, 2009 Data Source Date: April 05, 2012
Location
Address: 65 East May Street, Winder, GA 30680 County: Barrow 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)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $114.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
27Total employees (full-time equivalent)
$122,806Total assets
$1,572Cash and due from depository institutions
$0Interest-bearing balances
$13,118Securities
$4,182Federal funds sold & reverse repurchase agreements
$81,685Net loans & leases
$1,933Loan loss allowance
$0Trading account assets
$4,633Bank premises and fixed assets
$14,989Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,627All other assets
$122,806Total liabilities and capital
$116,771Total liabilities
$114,203Total deposits
$107,587Interest-bearing deposits
$114,203Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,000Other borrowed funds
$0Subordinated debt
$568All other liabilities
$6,035Total equity capital
$6,035Total bank equity capital
$6,035Perpetual preferred stock
$0Common stock
$3,632Surplus
$8,394Undivided profits
Memoranda
$-5,991Noncurrent loans and leases
$10,845Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$13,999Earning assets
$0Long-term assets (5+ years)
$746Average Assets, year-to-date
$98,985Average Assets, quarterly
$10,463Volatile liabilities
$129,363Insider loans
$126,001FHLB advances
$26,379Loans and leases held for sale
$1,269Unused loan commitments
$2,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,845Total unused commitments
$0Restructured Loans and leases
$1,304Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$6,177Total interest income
$4,730Total interest expense
$1,447Net interest income
$3,719Provision for loan and lease losses
-$958Total noninterest income
$0Fiduciary activities
$138Service charges on deposit accounts
$0Trading account gains & fees
-$1,096Additional noninterest income
$3,503Total noninterest expense
$1,783Salaries and employee benefits
$460Premises and equipment expense
$1,260Additional noninterest expense
-$6,733Pre-tax net operating income
$5Securities gains (losses)
-$500Applicable income taxes
-$6,228Income before extraordinary items
$0Extraordinary gains - net
-$6,228Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$3,950Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.58%Yield on earning assets
4.28%Cost of funding earning assets
1.31%Net interest margin
-0.87%Noninterest income to earning assets
3.17%Noninterest expense to earning assets
-4.82%Net operating income to assets
-4.81%Return on assets (ROA)
-5.20%Pretax return on assets
-62.32%Return on equity (ROE)
-62.32%Retained earnings to average equity (YTD only)
4.17%Net charge-offs to loans
94.15%Credit loss provision to net charge-offs
-0.76%Efficiency ratio
716,360Assets per employee
4.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.31%Loss allowance to noncurrent loans
13.81%Noncurrent assets plus other real estate owned to assets
23.60%Noncurrent loans to loans
16.74%Net loans and leases to deposits
71.53%Net loans and leases to core deposits
93.01%Equity capital to assets
4.91%Core capital (leverage) ratio
4.59%Tier 1 risk-based capital ratio
5.64%Total risk-based capital ratio
Memoranda
$7Average assets
$129,363Average earning assets
$9,993Average equity
$110,615Average loans
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