Pinnacle Bank in Royston, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1998

Pinnacle Bank in Royston, Georgia (GA)
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Pinnacle Bank - Overview

General
FDIC Certificate #: 15846
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Pinnacle Bank (#14065)
Federal Reserve ID: 297136
Date Established: August 05, 1935
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 10086
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: September 01, 1941
Last Structure Change Effective Date: January 01, 1998
Last Structure Change Process Date: January 15, 1998
Last Data Update: January 15, 1998
Data Source Date: April 05, 2012
Location
Address: 861 Church Street, Royston, GA 30662
County: Franklin
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
Financial Summary
Total assets: $100.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
44Total employees (full-time equivalent)
$100,383Total assets
$4,091Cash and due from depository institutions
$0Interest-bearing balances
$26,510Securities
$57Federal funds sold & reverse repurchase agreements
$66,636Net loans & leases
$772Loan loss allowance
$0Trading account assets
$1,488Bank premises and fixed assets
$79Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,522All other assets
$100,383Total liabilities and capital
$85,692Total liabilities
$84,629Total deposits
$73,955Interest-bearing deposits
$84,629Deposits held in domestic offices
0.00%% insured (estimated)
$360Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$703All other liabilities
$14,691Total equity capital
$14,691Total bank equity capital
$14,691Perpetual preferred stock
$0Common stock
$4,000Surplus
$2,000Undivided profits
Memoranda
$8,691Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$760Earning assets
$0Long-term assets (5+ years)
$761Average Assets, year-to-date
$93,203Average Assets, quarterly
$8,004Volatile liabilities
$97,467Insider loans
$99,046FHLB advances
$13,016Loans and leases held for sale
$597Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,432Total unused commitments
$0Restructured Loans and leases
$66,046Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$8,615Total interest income
$3,174Total interest expense
$5,441Net interest income
$104Provision for loan and lease losses
$888Total noninterest income
$0Fiduciary activities
$669Service charges on deposit accounts
$0Trading account gains & fees
$219Additional noninterest income
$3,057Total noninterest expense
$1,759Salaries and employee benefits
$367Premises and equipment expense
$931Additional noninterest expense
$3,168Pre-tax net operating income
-$3Securities gains (losses)
$984Applicable income taxes
$2,181Income before extraordinary items
$0Extraordinary gains - net
$2,181Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$54Sale, conversion, retirement of capital stock, net
$850Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
9.47%Yield on earning assets
3.49%Cost of funding earning assets
5.98%Net interest margin
0.98%Noninterest income to earning assets
3.36%Noninterest expense to earning assets
2.24%Net operating income to assets
2.24%Return on assets (ROA)
3.25%Pretax return on assets
15.68%Return on equity (ROE)
9.57%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
192.59%Credit loss provision to net charge-offs
60.59%Efficiency ratio
48,301Assets per employee
2.28%Cash dividends to net income (YTD only)
Condition Ratios (%)
38.97%Loss allowance to loans
1.15%Loss allowance to noncurrent loans
101.58%Noncurrent assets plus other real estate owned to assets
0.84%Noncurrent loans to loans
1.13%Net loans and leases to deposits
78.74%Net loans and leases to core deposits
92.58%Equity capital to assets
14.63%Core capital (leverage) ratio
14.54%Tier 1 risk-based capital ratio
21.97%Total risk-based capital ratio
Memoranda
$23Average assets
$97,467Average earning assets
$13,912Average equity
$91,010Average loans

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