FDIC Certificate #: 27886 Status: Inactive Closing history: Corrections Acquiring institution:Citizens Trust Bank (#8033) Federal Reserve ID: 649173 Date Established: January 01, 1925 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 484 FDIC's unique #: 40720 Numeric code: 34 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: April 14, 1947 Last Structure Change Effective Date: March 10, 2000 Last Structure Change Process Date: March 13, 2000 Last Data Update: March 13, 2000 Data Source Date: April 05, 2012
Location
Address: 205 Auburn Ave N E, Atlanta, GA 30303 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)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $31.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
22Total employees (full-time equivalent)
$31,479Total assets
$3,136Cash and due from depository institutions
$2,721Interest-bearing balances
$5Securities
$0Federal funds sold & reverse repurchase agreements
$26,005Net loans & leases
$521Loan loss allowance
$0Trading account assets
$611Bank premises and fixed assets
$192Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,530All other assets
$31,479Total liabilities and capital
$33,436Total liabilities
$32,234Total deposits
$32,234Interest-bearing deposits
$32,234Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,038Other borrowed funds
$0Subordinated debt
$164All other liabilities
$-1,957Total equity capital
$-1,957Total bank equity capital
$-1,957Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$-1,957Noncurrent loans and leases
$80Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,240Earning assets
$0Long-term assets (5+ years)
$207Average Assets, year-to-date
$28,731Average Assets, quarterly
$0Volatile liabilities
$37,728Insider loans
$33,259FHLB advances
$9,031Loans and leases held for sale
$263Unused loan commitments
$1,038Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$80Total unused commitments
$0Restructured Loans and leases
$293Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$3,222Total interest income
$1,556Total interest expense
$1,666Net interest income
$1,686Provision for loan and lease losses
$812Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$812Additional noninterest income
$4,105Total noninterest expense
$1,162Salaries and employee benefits
$519Premises and equipment expense
$2,424Additional noninterest expense
-$3,313Pre-tax net operating income
-$30Securities gains (losses)
-$162Applicable income taxes
-$3,181Income before extraordinary items
$0Extraordinary gains - net
-$3,181Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,466Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.64%Yield on earning assets
4.65%Cost of funding earning assets
4.98%Net interest margin
2.43%Noninterest income to earning assets
12.28%Noninterest expense to earning assets
-8.36%Net operating income to assets
-8.43%Return on assets (ROA)
-8.86%Pretax return on assets
4985.89%Return on equity (ROE)
4985.89%Retained earnings to average equity (YTD only)
4.85%Net charge-offs to loans
115.01%Credit loss provision to net charge-offs
-1.11%Efficiency ratio
164,810Assets per employee
1.43%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.96%Loss allowance to noncurrent loans
42.02%Noncurrent assets plus other real estate owned to assets
4.55%Noncurrent loans to loans
4.67%Net loans and leases to deposits
80.68%Net loans and leases to core deposits
107.28%Equity capital to assets
-6.22%Core capital (leverage) ratio
0.93%Tier 1 risk-based capital ratio
1.22%Total risk-based capital ratio
Memoranda
$2Average assets
$37,728Average earning assets
-$64Average equity
$33,429Average loans
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