FDIC Certificate #: 57593 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:First American Bank and Trust Company (#16858) Federal Reserve ID: 3220818 Date Established: November 10, 2003 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 366230 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: November 10, 2003 Last Structure Change Effective Date: June 24, 2011 Last Structure Change Process Date: June 27, 2011 Last Data Update: June 27, 2011 Data Source Date: April 05, 2012
Location
Address: 550 Highway 441 South, Clayton, GA 30525 County: Rabun 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
Financial Summary
Total assets: $103.7 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
19Total employees (full-time equivalent)
$108,146Total assets
$3,078Cash and due from depository institutions
$1,496Interest-bearing balances
$18,275Securities
$6,995Federal funds sold & reverse repurchase agreements
$58,889Net loans & leases
$1,637Loan loss allowance
$0Trading account assets
$4,641Bank premises and fixed assets
$14,448Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,820All other assets
$108,146Total liabilities and capital
$105,504Total liabilities
$92,407Total deposits
$83,398Interest-bearing deposits
$92,407Deposits held in domestic offices
98.35%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$13,000Other borrowed funds
$0Subordinated debt
$97All other liabilities
$2,642Total equity capital
$2,642Total bank equity capital
$2,642Perpetual preferred stock
$0Common stock
$5,188Surplus
$5,245Undivided profits
Memoranda
$-7,791Noncurrent loans and leases
$3,565Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$9,160Earning assets
$0Long-term assets (5+ years)
$378Average Assets, year-to-date
$85,655Average Assets, quarterly
$20,364Volatile liabilities
$115,187Insider loans
$112,002FHLB advances
$50,299Loans and leases held for sale
$2,556Unused loan commitments
$13,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,565Total unused commitments
$4,300Restructured Loans and leases
$970Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$4,323Total interest income
$2,640Total interest expense
$1,683Net interest income
$490Provision for loan and lease losses
$752Total noninterest income
$0Fiduciary activities
$151Service charges on deposit accounts
$0Trading account gains & fees
$601Additional noninterest income
$4,240Total noninterest expense
$1,265Salaries and employee benefits
$411Premises and equipment expense
$2,564Additional noninterest expense
-$2,295Pre-tax net operating income
$340Securities gains (losses)
$0Applicable income taxes
-$1,955Income before extraordinary items
$0Extraordinary gains - net
-$1,955Net income attributable to bank
$0Net charge-offs
-$1,955Cash dividends
$1,458Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.39%Yield on earning assets
2.68%Cost of funding earning assets
1.71%Net interest margin
0.76%Noninterest income to earning assets
4.31%Noninterest expense to earning assets
-1.99%Net operating income to assets
-1.70%Return on assets (ROA)
-1.70%Pretax return on assets
-48.27%Return on equity (ROE)
-48.27%Retained earnings to average equity (YTD only)
2.02%Net charge-offs to loans
33.61%Credit loss provision to net charge-offs
-1.24%Efficiency ratio
174,127Assets per employee
5.69%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.70%Loss allowance to noncurrent loans
17.87%Noncurrent assets plus other real estate owned to assets
21.83%Noncurrent loans to loans
15.13%Net loans and leases to deposits
63.73%Net loans and leases to core deposits
139.85%Equity capital to assets
2.44%Core capital (leverage) ratio
2.54%Tier 1 risk-based capital ratio
3.76%Total risk-based capital ratio
Memoranda
$5Average assets
$115,187Average earning assets
$4,050Average equity
$98,365Average loans
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