FDIC Certificate #: 57486 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Bank of the South (#35390) Federal Reserve ID: 3140260 Date Established: June 17, 2003 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 364222 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: June 17, 2003 Last Structure Change Effective Date: Febuary 24, 2006 Last Structure Change Process Date: March 03, 2006 Last Data Update: March 03, 2006 Data Source Date: April 05, 2012
Location
Address: 4356 South Lee Street, Buford, GA 30518 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)
Financial Summary
Total assets: $113.3 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2005)
Dollar figures in thousands
17Total employees (full-time equivalent)
$113,265Total assets
$5,271Cash and due from depository institutions
$0Interest-bearing balances
$7,796Securities
$17,780Federal funds sold & reverse repurchase agreements
$78,473Net loans & leases
$1,061Loan loss allowance
$0Trading account assets
$3,054Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$891All other assets
$113,266Total liabilities and capital
$100,599Total liabilities
$98,704Total deposits
$19,194Interest-bearing deposits
$98,704Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,895All other liabilities
$12,667Total equity capital
$12,667Total bank equity capital
$12,667Perpetual preferred stock
$0Common stock
$5,000Surplus
$7,500Undivided profits
Memoranda
$167Noncurrent loans and leases
$21,370Noncurrent 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)
$508Average Assets, year-to-date
$104,049Average Assets, quarterly
$0Volatile liabilities
$103,142Insider loans
$113,810FHLB advances
$39,830Loans and leases held for sale
$2,226Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$21,370Total unused commitments
$0Restructured Loans and leases
$1,061Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$5,862Total interest income
$2,082Total interest expense
$3,780Net interest income
$474Provision for loan and lease losses
$78Total noninterest income
$0Fiduciary activities
$45Service charges on deposit accounts
$0Trading account gains & fees
$33Additional noninterest income
$2,298Total noninterest expense
$1,410Salaries and employee benefits
$321Premises and equipment expense
$567Additional noninterest expense
$1,086Pre-tax net operating income
$0Securities gains (losses)
$202Applicable income taxes
$884Income before extraordinary items
$0Extraordinary gains - net
$884Net 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, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.19%Yield on earning assets
2.20%Cost of funding earning assets
3.99%Net interest margin
0.08%Noninterest income to earning assets
2.43%Noninterest expense to earning assets
0.86%Net operating income to assets
0.86%Return on assets (ROA)
1.05%Pretax return on assets
7.24%Return on equity (ROE)
7.24%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
59,565Assets per employee
6.66%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.33%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
79.50%Net loans and leases to core deposits
133.29%Equity capital to assets
11.18%Core capital (leverage) ratio
11.18%Tier 1 risk-based capital ratio
14.21%Total risk-based capital ratio
Memoranda
$15Average assets
$103,142Average earning assets
$12,212Average equity
$94,677Average loans
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