FDIC Certificate #: 27276 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:GE Capital Retail Bank (#27314) Federal Reserve ID: 1212846 Date Established: June 27, 1988 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 39412 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 27, 1988 Last Structure Change Effective Date: Febuary 07, 2005 Last Structure Change Process Date: March 03, 2005 Last Data Update: March 03, 2005 Data Source Date: April 05, 2012
Location
Address: 4125 Windward Plaza Drive, Alpharetta, GA 30005 County: Fulton 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: $4,764.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
86Total employees (full-time equivalent)
$4,764,464Total assets
$196,134Cash and due from depository institutions
$200Interest-bearing balances
$0Securities
$750,000Federal funds sold & reverse repurchase agreements
$3,649,833Net loans & leases
$144,086Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$124,164Goodwill and other intangibles
$0Life insurance assets
$44,333All other assets
$4,764,464Total liabilities and capital
$3,720,712Total liabilities
$744,218Total deposits
$707,900Interest-bearing deposits
$744,218Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$13,676Other borrowed funds
$0Subordinated debt
$2,962,818All other liabilities
$1,043,752Total equity capital
$1,043,752Total bank equity capital
$1,043,752Perpetual preferred stock
$0Common stock
$1,000Surplus
$799,058Undivided profits
Memoranda
$243,694Noncurrent loans and leases
$180,188,844Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$177,854Earning assets
$0Long-term assets (5+ years)
$22,144Average Assets, year-to-date
$4,400,033Average Assets, quarterly
$0Volatile liabilities
$4,242,376Insider loans
$4,450,827FHLB advances
$707,900Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$180,188,844Total unused commitments
$0Restructured Loans and leases
$50,343Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$638,524Total interest income
$20,136Total interest expense
$618,388Net interest income
$380,987Provision for loan and lease losses
$1,394,533Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1,394,533Additional noninterest income
$716,612Total noninterest expense
$7,078Salaries and employee benefits
$0Premises and equipment expense
$709,534Additional noninterest expense
$915,322Pre-tax net operating income
$0Securities gains (losses)
$338,220Applicable income taxes
$577,102Income before extraordinary items
$0Extraordinary gains - net
$577,102Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$260,997Sale, conversion, retirement of capital stock, net
$1,000,000Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
17.39%Yield on earning assets
0.55%Cost of funding earning assets
16.84%Net interest margin
37.98%Noninterest income to earning assets
19.52%Noninterest expense to earning assets
13.60%Net operating income to assets
13.60%Return on assets (ROA)
21.58%Pretax return on assets
55.65%Return on equity (ROE)
-40.78%Retained earnings to average equity (YTD only)
7.63%Net charge-offs to loans
145.97%Credit loss provision to net charge-offs
4.97%Efficiency ratio
34,298Assets per employee
55.40%Cash dividends to net income (YTD only)
Condition Ratios (%)
173.28%Loss allowance to loans
3.80%Loss allowance to noncurrent loans
81.01%Noncurrent assets plus other real estate owned to assets
3.73%Noncurrent loans to loans
4.69%Net loans and leases to deposits
490.43%Net loans and leases to core deposits
10049.65%Equity capital to assets
21.91%Core capital (leverage) ratio
20.33%Tier 1 risk-based capital ratio
23.38%Total risk-based capital ratio
Memoranda
$25Average assets
$4,242,376Average earning assets
$1,036,971Average equity
$3,671,984Average loans
Bank Assets Sold and Securitized (December 31, 2004)
Dollar figures in thousands
Principal balance with servicing or other recourse retained
$01-4 family residential loans
$0Home equity lines
$13,213,923Credit cards receivables
$0Auto loans
$0Other consumer loans
$0Commercial and industrial loans
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