FDIC Certificate #: 19237 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Hamilton State Bank (#57810) Federal Reserve ID: 569534 Date Established: September 18, 1964 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) OTS Docket #: 11571 FDIC's unique #: 13053 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: September 18, 1964 Last Structure Change Effective Date: June 17, 2011 Last Structure Change Process Date: June 20, 2011 Last Data Update: June 20, 2011 Data Source Date: April 05, 2012
Location
Address: 210 South Oak Street, Jackson, GA 30233 County: Butts 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 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: $339.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
82Total employees (full-time equivalent)
$341,701Total assets
$43,894Cash and due from depository institutions
$37,169Interest-bearing balances
$38,772Securities
$0Federal funds sold & reverse repurchase agreements
$223,436Net loans & leases
$9,759Loan loss allowance
$0Trading account assets
$6,244Bank premises and fixed assets
$25,866Other real estate owned
$0Goodwill and other intangibles
$241Life insurance assets
$3,489All other assets
$341,701Total liabilities and capital
$334,345Total liabilities
$321,314Total deposits
$290,138Interest-bearing deposits
$321,314Deposits held in domestic offices
91.77%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$11,200Other borrowed funds
$0Subordinated debt
$1,831All other liabilities
$7,356Total equity capital
$7,356Total bank equity capital
$7,356Perpetual preferred stock
$0Common stock
$949Surplus
$23,551Undivided profits
Memoranda
$-17,144Noncurrent loans and leases
$12,153Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$56,978Earning assets
$0Long-term assets (5+ years)
$895Average Assets, year-to-date
$299,377Average Assets, quarterly
$28,224Volatile liabilities
$374,302Insider loans
$345,127FHLB advances
$93,001Loans and leases held for sale
$2,357Unused loan commitments
$11,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$12,153Total unused commitments
$7,965Restructured Loans and leases
$3,136Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$14,329Total interest income
$6,467Total interest expense
$7,862Net interest income
$8,623Provision for loan and lease losses
$1,873Total noninterest income
$0Fiduciary activities
$2,340Service charges on deposit accounts
$0Trading account gains & fees
-$467Additional noninterest income
$13,796Total noninterest expense
$5,327Salaries and employee benefits
$1,491Premises and equipment expense
$6,978Additional noninterest expense
-$12,684Pre-tax net operating income
$596Securities gains (losses)
$0Applicable income taxes
-$12,088Income before extraordinary items
$0Extraordinary gains - net
-$12,088Net income attributable to bank
$0Net charge-offs
-$12,088Cash dividends
$6,508Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.37%Yield on earning assets
1.97%Cost of funding earning assets
2.40%Net interest margin
0.57%Noninterest income to earning assets
4.21%Noninterest expense to earning assets
-3.39%Net operating income to assets
-3.23%Return on assets (ROA)
-3.23%Pretax return on assets
-103.52%Return on equity (ROE)
-103.52%Retained earnings to average equity (YTD only)
2.58%Net charge-offs to loans
132.50%Credit loss provision to net charge-offs
-0.62%Efficiency ratio
141,715Assets per employee
4.17%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.18%Loss allowance to noncurrent loans
17.13%Noncurrent assets plus other real estate owned to assets
24.24%Noncurrent loans to loans
24.43%Net loans and leases to deposits
69.54%Net loans and leases to core deposits
97.86%Equity capital to assets
2.15%Core capital (leverage) ratio
2.10%Tier 1 risk-based capital ratio
2.98%Total risk-based capital ratio
Memoranda
$4Average assets
$374,302Average earning assets
$11,677Average equity
$327,638Average loans
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