FDIC Certificate #: 58238 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Ameris Bank (#20504) Federal Reserve ID: 3442704 Date Established: May 05, 2006 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 444131 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: May 05, 2006 Last Structure Change Effective Date: July 15, 2011 Last Structure Change Process Date: July 18, 2011 Last Data Update: July 18, 2011 Data Source Date: April 05, 2012
Location
Address: 1180 Peachtree Street, Ne, Suite 2610, Atlanta, GA 30309 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)
Financial Summary
Total assets: $177.7 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
27Total employees (full-time equivalent)
$192,772Total assets
$8,055Cash and due from depository institutions
$229Interest-bearing balances
$19,196Securities
$8,900Federal funds sold & reverse repurchase agreements
$137,294Net loans & leases
$5,359Loan loss allowance
$0Trading account assets
$555Bank premises and fixed assets
$15,242Other real estate owned
$634Goodwill and other intangibles
$0Life insurance assets
$2,896All other assets
$192,772Total liabilities and capital
$187,275Total liabilities
$166,380Total deposits
$157,915Interest-bearing deposits
$166,380Deposits held in domestic offices
93.08%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$19,800Other borrowed funds
$0Subordinated debt
$1,095All other liabilities
$5,497Total equity capital
$5,497Total bank equity capital
$5,497Perpetual preferred stock
$5,628Common stock
$3,726Surplus
$22,276Undivided profits
Memoranda
$-26,133Noncurrent loans and leases
$6,877Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$19,691Earning assets
$0Long-term assets (5+ years)
$722Average Assets, year-to-date
$165,619Average Assets, quarterly
$45,273Volatile liabilities
$216,785Insider loans
$201,041FHLB advances
$80,280Loans and leases held for sale
$7,583Unused loan commitments
$19,800Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,661Total risk weighted assets
$6,877Total unused commitments
$4,904Restructured Loans and leases
$2,013Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$9,883Total interest income
$4,655Total interest expense
$5,228Net interest income
$14,490Provision for loan and lease losses
$1,172Total noninterest income
$0Fiduciary activities
$164Service charges on deposit accounts
$0Trading account gains & fees
$1,008Additional noninterest income
$9,985Total noninterest expense
$2,772Salaries and employee benefits
$792Premises and equipment expense
$6,421Additional noninterest expense
-$18,075Pre-tax net operating income
$206Securities gains (losses)
$0Applicable income taxes
-$17,869Income before extraordinary items
$0Extraordinary gains - net
-$17,869Net income attributable to bank
$0Net charge-offs
-$17,869Cash dividends
$12,958Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.11%Yield on earning assets
2.40%Cost of funding earning assets
2.70%Net interest margin
0.61%Noninterest income to earning assets
5.16%Noninterest expense to earning assets
-8.34%Net operating income to assets
-8.24%Return on assets (ROA)
-8.24%Pretax return on assets
-111.12%Return on equity (ROE)
-111.12%Retained earnings to average equity (YTD only)
7.72%Net charge-offs to loans
111.82%Credit loss provision to net charge-offs
-0.28%Efficiency ratio
156,016Assets per employee
7.14%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.76%Loss allowance to noncurrent loans
27.22%Noncurrent assets plus other real estate owned to assets
18.12%Noncurrent loans to loans
13.80%Net loans and leases to deposits
82.52%Net loans and leases to core deposits
159.46%Equity capital to assets
2.85%Core capital (leverage) ratio
2.50%Tier 1 risk-based capital ratio
3.19%Total risk-based capital ratio
Memoranda
$4Average assets
$216,785Average earning assets
$16,081Average equity
$193,572Average loans
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