FDIC Certificate #: 26290 Status: Inactive Closing history: Corrections Acquiring institution:State Bank and Trust Company (#57870) Federal Reserve ID: 628730 Date Established: June 25, 1985 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) OTS Docket #: 14559 FDIC's unique #: 32687 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: June 25, 1985 Last Structure Change Effective Date: December 04, 2009 Last Structure Change Process Date: December 09, 2009 Last Data Update: December 09, 2009 Data Source Date: April 05, 2012
Location
Address: 6170 Peachtree Parkway At Peachtree Corners, Norcross, GA 30092 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)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $127.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
26Total employees (full-time equivalent)
$137,862Total assets
$9,802Cash and due from depository institutions
$0Interest-bearing balances
$1,800Securities
$11,067Federal funds sold & reverse repurchase agreements
$70,739Net loans & leases
$1,594Loan loss allowance
$0Trading account assets
$8,146Bank premises and fixed assets
$33,617Other real estate owned
$11Goodwill and other intangibles
$1,912Life insurance assets
$2,680All other assets
$137,862Total liabilities and capital
$125,587Total liabilities
$122,815Total deposits
$103,084Interest-bearing deposits
$122,815Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,772All other liabilities
$12,275Total equity capital
$12,275Total bank equity capital
$12,275Perpetual preferred stock
$0Common stock
$1,501Surplus
$2,044Undivided profits
Memoranda
$8,730Noncurrent loans and leases
$3,481Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$13,620Earning assets
$0Long-term assets (5+ years)
$320Average Assets, year-to-date
$83,606Average Assets, quarterly
$1,013Volatile liabilities
$141,272Insider loans
$137,027FHLB advances
$46,773Loans and leases held for sale
$2,001Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,481Total unused commitments
$0Restructured Loans and leases
$1,547Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$6,422Total interest income
$4,272Total interest expense
$2,150Net interest income
$1,121Provision for loan and lease losses
$515Total noninterest income
$0Fiduciary activities
$339Service charges on deposit accounts
$0Trading account gains & fees
$176Additional noninterest income
$5,688Total noninterest expense
$2,404Salaries and employee benefits
$852Premises and equipment expense
$2,432Additional noninterest expense
-$4,144Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$4,144Income before extraordinary items
$0Extraordinary gains - net
-$4,144Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,028Sale, conversion, retirement of capital stock, net
$244Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.97%Yield on earning assets
3.97%Cost of funding earning assets
2.00%Net interest margin
0.48%Noninterest income to earning assets
5.28%Noninterest expense to earning assets
-2.93%Net operating income to assets
-2.93%Return on assets (ROA)
-2.93%Pretax return on assets
-27.53%Return on equity (ROE)
-29.15%Retained earnings to average equity (YTD only)
1.07%Net charge-offs to loans
109.05%Credit loss provision to net charge-offs
-2.94%Efficiency ratio
212,195Assets per employee
5.30%Cash dividends to net income (YTD only)
Condition Ratios (%)
-5.89%Loss allowance to loans
2.20%Loss allowance to noncurrent loans
11.70%Noncurrent assets plus other real estate owned to assets
34.26%Noncurrent loans to loans
18.83%Net loans and leases to deposits
57.60%Net loans and leases to core deposits
93.03%Equity capital to assets
8.90%Core capital (leverage) ratio
9.49%Tier 1 risk-based capital ratio
9.93%Total risk-based capital ratio
Memoranda
$11Average assets
$141,272Average earning assets
$15,051Average equity
$107,633Average loans
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