FDIC Certificate #: 2127 Status: Inactive Federal Reserve ID: 526135 Date Established: January 01, 1904 WWW:http://www.nbank.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) OTS Docket #: 12126 FDIC's unique #: 1402 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: June 25, 2007 Last Structure Change Process Date: June 27, 2007 Last Data Update: June 27, 2007 Data Source Date: April 05, 2012
Location
Address: 1731 North Elm Street, Commerce, GA 30529 County: Jackson 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
History of Changes
Other Liquidations and Closings
Change in Insurance Status
Financial Summary
Total assets: $112.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
53Total employees (full-time equivalent)
$109,267Total assets
$4,387Cash and due from depository institutions
$359Interest-bearing balances
$10,355Securities
$34,210Federal funds sold & reverse repurchase agreements
$50,257Net loans & leases
$1,320Loan loss allowance
$0Trading account assets
$1,578Bank premises and fixed assets
$1,242Other real estate owned
$0Goodwill and other intangibles
$5,332Life insurance assets
$7,238All other assets
$109,267Total liabilities and capital
$103,367Total liabilities
$101,161Total deposits
$94,257Interest-bearing deposits
$101,161Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,206All other liabilities
$5,900Total equity capital
$5,900Total bank equity capital
$5,900Perpetual preferred stock
$0Common stock
$500Surplus
$9,374Undivided profits
Memoranda
$-3,974Noncurrent loans and leases
$6,042Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$5,714Earning assets
$0Long-term assets (5+ years)
$613Average Assets, year-to-date
$95,181Average Assets, quarterly
$8,746Volatile liabilities
$228,695Insider loans
$137,727FHLB advances
$8,756Loans and leases held for sale
$1,484Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,042Total unused commitments
$0Restructured Loans and leases
$596Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$14,943Total interest income
$8,211Total interest expense
$6,732Net interest income
-$44Provision for loan and lease losses
$16,499Total noninterest income
$0Fiduciary activities
$845Service charges on deposit accounts
$0Trading account gains & fees
$15,654Additional noninterest income
$23,413Total noninterest expense
$11,426Salaries and employee benefits
$2,969Premises and equipment expense
$9,018Additional noninterest expense
-$138Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$138Income before extraordinary items
$0Extraordinary gains - net
-$138Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$239Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.62%Yield on earning assets
4.19%Cost of funding earning assets
3.43%Net interest margin
8.41%Noninterest income to earning assets
11.94%Noninterest expense to earning assets
-0.06%Net operating income to assets
-0.06%Return on assets (ROA)
-0.06%Pretax return on assets
-3.03%Return on equity (ROE)
-3.03%Retained earnings to average equity (YTD only)
0.16%Net charge-offs to loans
-18.41%Credit loss provision to net charge-offs
-0.76%Efficiency ratio
100,783Assets per employee
2.06%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.56%Loss allowance to noncurrent loans
23.10%Noncurrent assets plus other real estate owned to assets
6.37%Noncurrent loans to loans
11.08%Net loans and leases to deposits
49.68%Net loans and leases to core deposits
54.39%Equity capital to assets
5.40%Core capital (leverage) ratio
4.84%Tier 1 risk-based capital ratio
12.41%Total risk-based capital ratio
Memoranda
$14Average assets
$228,695Average earning assets
$4,559Average equity
$196,148Average loans
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