FDIC Certificate #: 58151 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:Hamilton State Bank (#57810) Federal Reserve ID: 3411157 Date Established: Febuary 09, 2006 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 440764 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 09, 2006 Last Structure Change Effective Date: December 31, 2008 Last Structure Change Process Date: Febuary 13, 2009 Last Data Update: Febuary 13, 2009 Data Source Date: April 05, 2012
Location
Address: 108 Canton Road, Cumming, GA 30040 County: Forsyth 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)
Financial Summary
Total assets: $83.6 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
18Total employees (full-time equivalent)
$81,559Total assets
$1,351Cash and due from depository institutions
$0Interest-bearing balances
$1,503Securities
$13,622Federal funds sold & reverse repurchase agreements
$60,351Net loans & leases
$611Loan loss allowance
$0Trading account assets
$4,187Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$545All other assets
$81,559Total liabilities and capital
$69,106Total liabilities
$69,007Total deposits
$65,502Interest-bearing deposits
$69,007Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$99All other liabilities
$12,453Total equity capital
$12,453Total bank equity capital
$12,453Perpetual preferred stock
$0Common stock
$6,534Surplus
$6,173Undivided profits
Memoranda
$-254Noncurrent loans and leases
$16,385Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$391Average Assets, year-to-date
$75,476Average Assets, quarterly
$1,961Volatile liabilities
$64,861Insider loans
$82,340FHLB advances
$13,546Loans and leases held for sale
$3,446Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$16,385Total unused commitments
$0Restructured Loans and leases
$611Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$5,171Total interest income
$2,600Total interest expense
$2,571Net interest income
$294Provision for loan and lease losses
$276Total noninterest income
$0Fiduciary activities
$20Service charges on deposit accounts
$0Trading account gains & fees
$256Additional noninterest income
$2,786Total noninterest expense
$1,958Salaries and employee benefits
$305Premises and equipment expense
$523Additional noninterest expense
-$233Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$233Income before extraordinary items
$0Extraordinary gains - net
-$233Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.50%Yield on earning assets
4.27%Cost of funding earning assets
4.23%Net interest margin
0.45%Noninterest income to earning assets
4.58%Noninterest expense to earning assets
-0.36%Net operating income to assets
-0.36%Return on assets (ROA)
-0.36%Pretax return on assets
-1.91%Return on equity (ROE)
-1.91%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
97,857Assets per employee
4.53%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
87.46%Net loans and leases to core deposits
108.82%Equity capital to assets
15.27%Core capital (leverage) ratio
14.91%Tier 1 risk-based capital ratio
17.84%Total risk-based capital ratio
Memoranda
$19Average assets
$64,861Average earning assets
$12,182Average equity
$60,831Average loans
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