FDIC Certificate #: 58289 Status: Active Federal Reserve ID: 3445901 Bank Holding Company (Regulatory Top Holder): Rcb Financial Corporation (RSSDID: 3923539, Location: Rome, GA) Date Established: May 23, 2006 WWW:http://www.rivercitybankonline.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 445530 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: May 23, 2006 Last Structure Change Effective Date: May 23, 2006 Last Structure Change Process Date: May 26, 2006 Last Data Update: May 26, 2006 Data Source Date: April 05, 2012
Location
Address: 228 North Second Avenue, Rome, GA 30165 County: Floyd 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 Core Based Statistical Area (CBSA): Rome, GA (#40660) CBSA Metro Statistical Area: Rome, GA (#40660)
History of Changes
Change in Geographic Region/Area/Territory/Field Office
New Institution
Financial Summary
Total assets: $182.4 mil Equity capital: $20.2 mil Deposits held in domestic offices: $154.4 mil Return on assets (ROA): -3.06% (-$5.6 mil) Quarterly return on assets: -9.32% (-$17.0 mil) Return on Equity (ROE): -25.46% (-$5.1 mil) Quarterly return on equity: -78.93% (-$15.8 mil) Net income: -$6.3 mil Quarterly Net income: -$4.4 mil Pretax return on assets: -1.46% (-$2,662.7 mil) Quarterly Pretax return on assets: -0.15% (-$273.6 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
34Total employees (full-time equivalent)
$182,378Total assets
$20,717Cash and due from depository institutions
$12,586Interest-bearing balances
$30,429Securities
$0Federal funds sold & reverse repurchase agreements
$120,009Net loans & leases
$3,485Loan loss allowance
$0Trading account assets
$7,063Bank premises and fixed assets
$1,821Other real estate owned
$0Goodwill and other intangibles
$182,378Life insurance assets
$2,339All other assets
$162,149Total liabilities and capital
$154,447Total liabilities
$142,460Total deposits
$154,447Interest-bearing deposits
$96Deposits held in domestic offices
198.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$6,700Trading liabilities
$0Other borrowed funds
$804Subordinated debt
$20,229All other liabilities
$20,229Total equity capital
$20,229Total bank equity capital
$7,900Perpetual preferred stock
$10,663Common stock
$13,119Surplus
$-11,453Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$13,724Income earned, not collected on loans
$444Earning assets
$774Long-term assets (5+ years)
$163,024Average Assets, year-to-date
$30,948Average Assets, quarterly
$205,024Volatile liabilities
$190,357Insider loans
$126,790FHLB advances
$192,699Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$19,892Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$8,374Restructured Loans and leases
$8,404Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$9,119Total interest income
$2,620Total interest expense
$6,499Net interest income
$4,316Provision for loan and lease losses
$247Total noninterest income
$389Fiduciary activities
$116Service charges on deposit accounts
$0Trading account gains & fees
-$258Additional noninterest income
$5,437Total noninterest expense
$2,397Salaries and employee benefits
$603Premises and equipment expense
$2,437Additional noninterest expense
-$3,007Pre-tax net operating income
$7Securities gains (losses)
$3,266Applicable income taxes
-$6,266Income before extraordinary items
$0Extraordinary gains - net
-$6,266Net income attributable to bank
$0Net charge-offs
-$6,266Cash dividends
$4,061Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.94%Yield on earning assets
1.42%Cost of funding earning assets
3.52%Net interest margin
0.13%Noninterest income to earning assets
2.94%Noninterest expense to earning assets
-3.06%Net operating income to assets
-3.06%Return on assets (ROA)
-1.46%Pretax return on assets
-25.46%Return on equity (ROE)
-25.46%Retained earnings to average equity (YTD only)
2.84%Net charge-offs to loans
106.28%Credit loss provision to net charge-offs
0.32%Efficiency ratio
80,596Assets per employee
5.36%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.82%Loss allowance to noncurrent loans
25.39%Noncurrent assets plus other real estate owned to assets
8.52%Noncurrent loans to loans
11.11%Net loans and leases to deposits
77.70%Net loans and leases to core deposits
80.26%Equity capital to assets
11.09%Core capital (leverage) ratio
10.32%Tier 1 risk-based capital ratio
15.69%Total risk-based capital ratio
Memoranda
$17Average assets
$205,024Average earning assets
$24,608Average equity
$184,648Average loans
Total Fiduciary and Related Assets (December 31, 2011)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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