FDIC Certificate #: 58273 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Georgia Commerce Bank (#57521) Federal Reserve ID: 3451902 Date Established: July 03, 2006 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 445219 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: July 03, 2006 Last Structure Change Effective Date: September 02, 2011 Last Structure Change Process Date: September 06, 2011 Last Data Update: September 06, 2011 Data Source Date: April 05, 2012
Location
Address: 2555 Peachtree Parkway, Cumming, GA 30041 County: Forsyth 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: $150.8 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
18Total employees (full-time equivalent)
$162,436Total assets
$7,827Cash and due from depository institutions
$7,542Interest-bearing balances
$6,046Securities
$5,030Federal funds sold & reverse repurchase agreements
$116,151Net loans & leases
$2,400Loan loss allowance
$0Trading account assets
$3,558Bank premises and fixed assets
$22,013Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,811All other assets
$162,435Total liabilities and capital
$157,347Total liabilities
$149,975Total deposits
$147,280Interest-bearing deposits
$149,975Deposits held in domestic offices
94.98%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,000Other borrowed funds
$0Subordinated debt
$372All other liabilities
$5,088Total equity capital
$5,088Total bank equity capital
$5,088Perpetual preferred stock
$0Common stock
$8,087Surplus
$9,065Undivided profits
Memoranda
$-12,064Noncurrent loans and leases
$2,870Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$24,857Earning assets
$0Long-term assets (5+ years)
$550Average Assets, year-to-date
$134,769Average Assets, quarterly
$11,530Volatile liabilities
$170,095Insider loans
$164,354FHLB advances
$69,440Loans and leases held for sale
$2,145Unused loan commitments
$7,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,870Total unused commitments
$2,483Restructured Loans and leases
$1,698Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$6,370Total interest income
$3,822Total interest expense
$2,548Net interest income
$2,777Provision for loan and lease losses
-$316Total noninterest income
$0Fiduciary activities
$57Service charges on deposit accounts
$0Trading account gains & fees
-$373Additional noninterest income
$4,146Total noninterest expense
$1,648Salaries and employee benefits
$487Premises and equipment expense
$2,011Additional noninterest expense
-$4,691Pre-tax net operating income
$70Securities gains (losses)
$0Applicable income taxes
-$4,621Income before extraordinary items
$0Extraordinary gains - net
-$4,621Net income attributable to bank
$0Net charge-offs
-$4,621Cash dividends
$3,427Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.33%Yield on earning assets
2.60%Cost of funding earning assets
1.73%Net interest margin
-0.21%Noninterest income to earning assets
2.82%Noninterest expense to earning assets
-2.76%Net operating income to assets
-2.72%Return on assets (ROA)
-2.72%Pretax return on assets
-58.41%Return on equity (ROE)
-58.41%Retained earnings to average equity (YTD only)
2.65%Net charge-offs to loans
81.03%Credit loss provision to net charge-offs
-0.56%Efficiency ratio
185,753Assets per employee
9.02%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.02%Loss allowance to noncurrent loans
9.66%Noncurrent assets plus other real estate owned to assets
28.85%Noncurrent loans to loans
20.97%Net loans and leases to deposits
77.45%Net loans and leases to core deposits
144.22%Equity capital to assets
3.13%Core capital (leverage) ratio
3.21%Tier 1 risk-based capital ratio
3.92%Total risk-based capital ratio
Memoranda
$5Average assets
$170,095Average earning assets
$7,911Average equity
$147,199Average loans
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