FDIC Certificate #: 57507 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:SunTrust Bank (#867) Federal Reserve ID: 3156300 Date Established: April 15, 2003 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) FDIC's unique #: 364420 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: April 15, 2003 Last Structure Change Effective Date: July 25, 2008 Last Structure Change Process Date: August 11, 2008 Last Data Update: August 11, 2008 Data Source Date: April 05, 2012
Location
Address: 6602 Highway 53 East, Dawsonville, GA 30534 County: Dawson 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: $166.3 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2007)
Dollar figures in thousands
42Total employees (full-time equivalent)
$205,209Total assets
$3,080Cash and due from depository institutions
$75Interest-bearing balances
$19,132Securities
$1,203Federal funds sold & reverse repurchase agreements
$148,246Net loans & leases
$3,156Loan loss allowance
$0Trading account assets
$7,004Bank premises and fixed assets
$5,522Other real estate owned
$17,690Goodwill and other intangibles
$0Life insurance assets
$3,332All other assets
$205,209Total liabilities and capital
$171,365Total liabilities
$169,615Total deposits
$157,825Interest-bearing deposits
$169,615Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,750All other liabilities
$33,844Total equity capital
$33,844Total bank equity capital
$33,844Perpetual preferred stock
$0Common stock
$5,100Surplus
$38,781Undivided profits
Memoranda
$-10,037Noncurrent loans and leases
$27,525Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,833Earning assets
$0Long-term assets (5+ years)
$1,177Average Assets, year-to-date
$168,656Average Assets, quarterly
$11,616Volatile liabilities
$224,043Insider loans
$217,352FHLB advances
$66,522Loans and leases held for sale
$3,974Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$27,525Total unused commitments
$0Restructured Loans and leases
$2,076Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$16,069Total interest income
$7,483Total interest expense
$8,586Net interest income
$4,965Provision for loan and lease losses
$1,190Total noninterest income
$0Fiduciary activities
$675Service charges on deposit accounts
$0Trading account gains & fees
$515Additional noninterest income
$16,187Total noninterest expense
$3,217Salaries and employee benefits
$672Premises and equipment expense
$12,298Additional noninterest expense
-$11,376Pre-tax net operating income
$17Securities gains (losses)
-$685Applicable income taxes
-$10,674Income before extraordinary items
$0Extraordinary gains - net
-$10,674Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$3,679Sale, conversion, retirement of capital stock, net
$888Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.82%Yield on earning assets
4.11%Cost of funding earning assets
4.71%Net interest margin
0.65%Noninterest income to earning assets
8.88%Noninterest expense to earning assets
-4.77%Net operating income to assets
-4.76%Return on assets (ROA)
-5.07%Pretax return on assets
-25.11%Return on equity (ROE)
-27.20%Retained earnings to average equity (YTD only)
2.26%Net charge-offs to loans
134.96%Credit loss provision to net charge-offs
-1.74%Efficiency ratio
59,053Assets per employee
4.89%Cash dividends to net income (YTD only)
Condition Ratios (%)
-8.32%Loss allowance to loans
2.08%Loss allowance to noncurrent loans
172.18%Noncurrent assets plus other real estate owned to assets
3.58%Noncurrent loans to loans
1.21%Net loans and leases to deposits
87.40%Net loans and leases to core deposits
143.80%Equity capital to assets
16.49%Core capital (leverage) ratio
7.85%Tier 1 risk-based capital ratio
9.64%Total risk-based capital ratio
Memoranda
$11Average assets
$224,043Average earning assets
$42,513Average equity
$182,254Average loans
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