FDIC Certificate #: 27143 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:SouthTrust Bank (#849) Federal Reserve ID: 1162576 Date Established: January 04, 1988 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 5 (Interstate: No) OTS Docket #: 12409 FDIC's unique #: 38856 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes Oakar Institutions: Yes State Chartered: No Date of Deposit Insurance: January 04, 1988 Last Structure Change Effective Date: November 23, 1998 Last Structure Change Process Date: Febuary 01, 1999 Last Data Update: Febuary 01, 1999 Data Source Date: April 05, 2012
Location
Address: 220 College Avenue, Athens, GA 30601 County: Clarke 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): Athens, GA (#500) Core Based Statistical Area (CBSA): Athens-Clarke County, GA (#12020) CBSA Metro Statistical Area: Athens-Clarke County, GA (#12020)
Financial Summary
Total assets: $89.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
48Total employees (full-time equivalent)
$92,540Total assets
$4,861Cash and due from depository institutions
$0Interest-bearing balances
$15,075Securities
$6,620Federal funds sold & reverse repurchase agreements
$62,057Net loans & leases
$836Loan loss allowance
$0Trading account assets
$1,774Bank premises and fixed assets
$0Other real estate owned
$289Goodwill and other intangibles
$0Life insurance assets
$1,864All other assets
$92,540Total liabilities and capital
$83,177Total liabilities
$81,137Total deposits
$67,218Interest-bearing deposits
$81,137Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$681Other borrowed funds
$0Subordinated debt
$1,359All other liabilities
$9,363Total equity capital
$9,363Total bank equity capital
$9,363Perpetual preferred stock
$0Common stock
$2,515Surplus
$3,104Undivided profits
Memoranda
$3,744Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$21Earning assets
$0Long-term assets (5+ years)
$384Average Assets, year-to-date
$83,752Average Assets, quarterly
$24,902Volatile liabilities
$87,721Insider loans
$90,718FHLB advances
$3,256Loans and leases held for sale
$5,606Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,667Total unused commitments
$0Restructured Loans and leases
$65,765Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$7,340Total interest income
$2,973Total interest expense
$4,367Net interest income
$135Provision for loan and lease losses
$1,422Total noninterest income
$0Fiduciary activities
$438Service charges on deposit accounts
$0Trading account gains & fees
$984Additional noninterest income
$3,760Total noninterest expense
$1,777Salaries and employee benefits
$632Premises and equipment expense
$1,351Additional noninterest expense
$1,894Pre-tax net operating income
$7Securities gains (losses)
$670Applicable income taxes
$1,231Income before extraordinary items
$0Extraordinary gains - net
$1,231Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$38Sale, conversion, retirement of capital stock, net
$265Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.30%Yield on earning assets
3.77%Cost of funding earning assets
5.53%Net interest margin
1.80%Noninterest income to earning assets
4.76%Noninterest expense to earning assets
1.40%Net operating income to assets
1.40%Return on assets (ROA)
2.17%Pretax return on assets
14.14%Return on equity (ROE)
11.09%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
355.26%Credit loss provision to net charge-offs
53.39%Efficiency ratio
61,617Assets per employee
1.93%Cash dividends to net income (YTD only)
Condition Ratios (%)
21.53%Loss allowance to loans
1.33%Loss allowance to noncurrent loans
3980.95%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.03%Net loans and leases to deposits
76.48%Net loans and leases to core deposits
78.99%Equity capital to assets
10.12%Core capital (leverage) ratio
10.17%Tier 1 risk-based capital ratio
13.82%Total risk-based capital ratio
Memoranda
$15Average assets
$87,721Average earning assets
$8,707Average equity
$78,963Average loans
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