FDIC Certificate #: 19786 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Sunrise Bank (#58185) Federal Reserve ID: 226734 Date Established: January 01, 1934 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 13580 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: January 31, 1968 Last Structure Change Effective Date: July 30, 2010 Last Structure Change Process Date: August 25, 2010 Last Data Update: August 25, 2010 Data Source Date: April 05, 2012
Location
Address: 207 Main Street, Jeffersonville, GA 31044 County: Twiggs Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Albany Ga Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Macon, GA (#4680) Combined Statistical Area (CSA): Macon-Warner Robins-Fort Valley, GA (#356) Core Based Statistical Area (CBSA): Macon, GA (#31420) CBSA Metro Statistical Area: Macon, GA (#31420)
Financial Summary
Total assets: $25.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
8Total employees (full-time equivalent)
$26,175Total assets
$5,034Cash and due from depository institutions
$4,078Interest-bearing balances
$1,278Securities
$0Federal funds sold & reverse repurchase agreements
$18,137Net loans & leases
$539Loan loss allowance
$0Trading account assets
$586Bank premises and fixed assets
$321Other real estate owned
$253Goodwill and other intangibles
$0Life insurance assets
$566All other assets
$26,175Total liabilities and capital
$23,599Total liabilities
$23,553Total deposits
$19,462Interest-bearing deposits
$23,553Deposits held in domestic offices
98.56%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$46All other liabilities
$2,576Total equity capital
$2,576Total bank equity capital
$2,576Perpetual preferred stock
$0Common stock
$200Surplus
$4,291Undivided profits
Memoranda
$-1,915Noncurrent loans and leases
$928Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,075Earning assets
$0Long-term assets (5+ years)
$103Average Assets, year-to-date
$23,493Average Assets, quarterly
$5,033Volatile liabilities
$28,270Insider loans
$26,508FHLB advances
$5,094Loans and leases held for sale
$275Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$928Total unused commitments
$43Restructured Loans and leases
$227Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$1,196Total interest income
$439Total interest expense
$757Net interest income
$385Provision for loan and lease losses
$126Total noninterest income
$0Fiduciary activities
$129Service charges on deposit accounts
$0Trading account gains & fees
-$3Additional noninterest income
$3,121Total noninterest expense
$394Salaries and employee benefits
$118Premises and equipment expense
$2,609Additional noninterest expense
-$2,623Pre-tax net operating income
$7Securities gains (losses)
-$276Applicable income taxes
-$2,340Income before extraordinary items
$0Extraordinary gains - net
-$2,340Net income attributable to bank
$0Net charge-offs
-$2,340Cash dividends
$212Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.99%Yield on earning assets
1.83%Cost of funding earning assets
3.16%Net interest margin
0.53%Noninterest income to earning assets
13.01%Noninterest expense to earning assets
-8.30%Net operating income to assets
-8.28%Return on assets (ROA)
-9.25%Pretax return on assets
-58.95%Return on equity (ROE)
-58.95%Retained earnings to average equity (YTD only)
1.04%Net charge-offs to loans
181.60%Credit loss provision to net charge-offs
-10.56%Efficiency ratio
137,259Assets per employee
3.27%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.89%Loss allowance to noncurrent loans
50.14%Noncurrent assets plus other real estate owned to assets
5.33%Noncurrent loans to loans
5.76%Net loans and leases to deposits
77.01%Net loans and leases to core deposits
98.26%Equity capital to assets
9.84%Core capital (leverage) ratio
8.59%Tier 1 risk-based capital ratio
12.97%Total risk-based capital ratio
Memoranda
$14Average assets
$28,270Average earning assets
$3,969Average equity
$23,981Average loans
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