FDIC Certificate #: 57440 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Bank of the Ozarks (#110) Federal Reserve ID: 3208441 Date Established: August 26, 2003 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 363663 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: August 26, 2003 Last Structure Change Effective Date: January 14, 2011 Last Structure Change Process Date: January 18, 2011 Last Data Update: January 18, 2011 Data Source Date: April 05, 2012
Location
Address: 3024 Cypress Mill Road, Brunswick, GA 31525 County: Glynn Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Savannah Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Core Based Statistical Area (CBSA): Brunswick, GA (#15260) CBSA Metro Statistical Area: Brunswick, GA (#15260)
Financial Summary
Total assets: $211.1 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
36Total employees (full-time equivalent)
$211,149Total assets
$17,632Cash and due from depository institutions
$14,891Interest-bearing balances
$15,880Securities
$0Federal funds sold & reverse repurchase agreements
$154,010Net loans & leases
$4,763Loan loss allowance
$0Trading account assets
$2,974Bank premises and fixed assets
$16,149Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,504All other assets
$211,149Total liabilities and capital
$216,814Total liabilities
$201,369Total deposits
$192,295Interest-bearing deposits
$201,369Deposits held in domestic offices
96.67%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$15,000Other borrowed funds
$0Subordinated debt
$445All other liabilities
$-5,665Total equity capital
$-5,665Total bank equity capital
$-5,665Perpetual preferred stock
$0Common stock
$7,623Surplus
$15,600Undivided profits
Memoranda
$-28,888Noncurrent loans and leases
$6,937Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$39,432Earning assets
$0Long-term assets (5+ years)
$712Average Assets, year-to-date
$184,781Average Assets, quarterly
$34,551Volatile liabilities
$238,970Insider loans
$220,867FHLB advances
$76,045Loans and leases held for sale
$4,644Unused loan commitments
$15,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,937Total unused commitments
$6,021Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$9,732Total interest income
$4,805Total interest expense
$4,927Net interest income
$12,709Provision for loan and lease losses
$189Total noninterest income
$0Fiduciary activities
$346Service charges on deposit accounts
$0Trading account gains & fees
-$157Additional noninterest income
$7,691Total noninterest expense
$2,715Salaries and employee benefits
$721Premises and equipment expense
$4,255Additional noninterest expense
-$15,284Pre-tax net operating income
$305Securities gains (losses)
-$31Applicable income taxes
-$14,948Income before extraordinary items
$0Extraordinary gains - net
-$14,948Net income attributable to bank
$0Net charge-offs
-$14,948Cash dividends
$19,080Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.52%Yield on earning assets
2.23%Cost of funding earning assets
2.29%Net interest margin
0.09%Noninterest income to earning assets
3.57%Noninterest expense to earning assets
-6.38%Net operating income to assets
-6.26%Return on assets (ROA)
-6.27%Pretax return on assets
-356.69%Return on equity (ROE)
-356.69%Retained earnings to average equity (YTD only)
10.32%Net charge-offs to loans
66.61%Credit loss provision to net charge-offs
-0.13%Efficiency ratio
150,332Assets per employee
5.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.00%Loss allowance to noncurrent loans
12.08%Noncurrent assets plus other real estate owned to assets
26.32%Noncurrent loans to loans
24.84%Net loans and leases to deposits
76.48%Net loans and leases to core deposits
122.89%Equity capital to assets
-2.68%Core capital (leverage) ratio
-2.37%Tier 1 risk-based capital ratio
-3.29%Total risk-based capital ratio
Memoranda
-$3Average assets
$238,970Average earning assets
$4,191Average equity
$215,286Average loans
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