FDIC Certificate #: 31219 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Regions Bank (#12368) Federal Reserve ID: 776471 Date Established: November 25, 1960 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 6557 FDIC's unique #: 44053 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: November 25, 1960 Last Structure Change Effective Date: April 13, 1998 Last Structure Change Process Date: April 27, 1998 Last Data Update: April 27, 1998 Data Source Date: April 05, 2012
Location
Address: 327 West Taylor, Griffin, GA 30223 County: Spalding 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: $96.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
37Total employees (full-time equivalent)
$98,396Total assets
$8,571Cash and due from depository institutions
$8,050Interest-bearing balances
$2,924Securities
$0Federal funds sold & reverse repurchase agreements
$83,431Net loans & leases
$572Loan loss allowance
$0Trading account assets
$841Bank premises and fixed assets
$563Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,066All other assets
$98,396Total liabilities and capital
$87,237Total liabilities
$84,091Total deposits
$84,091Interest-bearing deposits
$84,091Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,548Other borrowed funds
$0Subordinated debt
$598All other liabilities
$11,159Total equity capital
$11,159Total bank equity capital
$11,159Perpetual preferred stock
$0Common stock
$726Surplus
$4,284Undivided profits
Memoranda
$6,149Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,845Earning assets
$0Long-term assets (5+ years)
$756Average Assets, year-to-date
$94,405Average Assets, quarterly
$0Volatile liabilities
$98,040Insider loans
$98,560FHLB advances
$18,024Loans and leases held for sale
$571Unused loan commitments
$2,548Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,978Total unused commitments
$0Restructured Loans and leases
$70,531Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$8,459Total interest income
$4,208Total interest expense
$4,251Net interest income
$175Provision for loan and lease losses
$1,230Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1,230Additional noninterest income
$5,526Total noninterest expense
$3,438Salaries and employee benefits
$622Premises and equipment expense
$1,466Additional noninterest expense
-$220Pre-tax net operating income
$2,511Securities gains (losses)
$817Applicable income taxes
$1,474Income before extraordinary items
$0Extraordinary gains - net
$1,474Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$126Sale, conversion, retirement of capital stock, net
$950Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.06%Yield on earning assets
4.51%Cost of funding earning assets
4.55%Net interest margin
1.32%Noninterest income to earning assets
5.92%Noninterest expense to earning assets
-0.14%Net operating income to assets
1.50%Return on assets (ROA)
2.34%Pretax return on assets
13.50%Return on equity (ROE)
4.80%Retained earnings to average equity (YTD only)
0.15%Net charge-offs to loans
138.89%Credit loss provision to net charge-offs
-0.36%Efficiency ratio
100,821Assets per employee
2.66%Cash dividends to net income (YTD only)
Condition Ratios (%)
64.45%Loss allowance to loans
0.68%Loss allowance to noncurrent loans
31.00%Noncurrent assets plus other real estate owned to assets
2.45%Noncurrent loans to loans
2.20%Net loans and leases to deposits
99.22%Net loans and leases to core deposits
121.59%Equity capital to assets
11.34%Core capital (leverage) ratio
11.33%Tier 1 risk-based capital ratio
15.80%Total risk-based capital ratio
Memoranda
$17Average assets
$98,040Average earning assets
$10,915Average equity
$93,349Average loans
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