FDIC Certificate #: 57558 Status: Inactive Closing history: Corrections Acquiring institution:Northeast Georgia Bank (#15771) Federal Reserve ID: 3158005 Date Established: Febuary 17, 2004 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) FDIC's unique #: 365563 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: Febuary 17, 2004 Last Structure Change Effective Date: March 06, 2009 Last Structure Change Process Date: March 09, 2009 Last Data Update: March 09, 2009 Data Source Date: April 05, 2012
Location
Address: 3165 Maysville Road, Commerce, GA 30529 County: Jackson 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
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $172.5 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
39Total employees (full-time equivalent)
$172,454Total assets
$3,457Cash and due from depository institutions
$1,378Interest-bearing balances
$21,651Securities
$28,935Federal funds sold & reverse repurchase agreements
$101,613Net loans & leases
$4,599Loan loss allowance
$0Trading account assets
$5,467Bank premises and fixed assets
$9,156Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,175All other assets
$172,454Total liabilities and capital
$167,834Total liabilities
$159,048Total deposits
$153,001Interest-bearing deposits
$159,048Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$8,000Other borrowed funds
$0Subordinated debt
$786All other liabilities
$4,620Total equity capital
$4,620Total bank equity capital
$4,620Perpetual preferred stock
$0Common stock
$3,750Surplus
$9,584Undivided profits
Memoranda
$-8,714Noncurrent loans and leases
$6,131Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$12,373Earning assets
$0Long-term assets (5+ years)
$942Average Assets, year-to-date
$153,577Average Assets, quarterly
$18,756Volatile liabilities
$153,954Insider loans
$159,850FHLB advances
$76,460Loans and leases held for sale
$4,560Unused loan commitments
$8,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,131Total unused commitments
$0Restructured Loans and leases
$1,607Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$8,042Total interest income
$5,627Total interest expense
$2,415Net interest income
$6,450Provision for loan and lease losses
$244Total noninterest income
$0Fiduciary activities
$303Service charges on deposit accounts
$0Trading account gains & fees
-$59Additional noninterest income
$4,736Total noninterest expense
$2,320Salaries and employee benefits
$651Premises and equipment expense
$1,765Additional noninterest expense
-$8,527Pre-tax net operating income
-$423Securities gains (losses)
$0Applicable income taxes
-$8,950Income before extraordinary items
$0Extraordinary gains - net
-$8,950Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$3,468Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.90%Yield on earning assets
4.13%Cost of funding earning assets
1.77%Net interest margin
0.18%Noninterest income to earning assets
3.48%Noninterest expense to earning assets
-5.54%Net operating income to assets
-5.81%Return on assets (ROA)
-5.81%Pretax return on assets
-92.43%Return on equity (ROE)
-92.43%Retained earnings to average equity (YTD only)
3.05%Net charge-offs to loans
185.99%Credit loss provision to net charge-offs
-0.60%Efficiency ratio
178,112Assets per employee
4.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.33%Loss allowance to noncurrent loans
37.17%Noncurrent assets plus other real estate owned to assets
12.48%Noncurrent loans to loans
11.65%Net loans and leases to deposits
63.89%Net loans and leases to core deposits
116.01%Equity capital to assets
2.68%Core capital (leverage) ratio
2.73%Tier 1 risk-based capital ratio
3.44%Total risk-based capital ratio
Memoranda
$5Average assets
$153,954Average earning assets
$9,683Average equity
$136,273Average loans
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