Mountain Heritage Bank in Clayton, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 24, 2011

Mountain Heritage Bank - Overview

  • General
  • 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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