FDIC Certificate #: 34235 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Atlantic Southern Bank (#57213) Federal Reserve ID: 2559520 Date Established: May 29, 1997 WWW:http://www.judys@sapelonational.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) FDIC's unique #: 56994 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: May 29, 1997 Last Structure Change Effective Date: December 15, 2006 Last Structure Change Process Date: January 12, 2007 Last Data Update: January 12, 2007 Data Source Date: April 05, 2012
Location
Address: 1200 Northway, Darien, GA 31305 County: Mcintosh 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 Core Based Statistical Area (CBSA): Brunswick, GA (#15260) CBSA Metro Statistical Area: Brunswick, GA (#15260)
Financial Summary
Total assets: $63.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
32Total employees (full-time equivalent)
$62,186Total assets
$2,290Cash and due from depository institutions
$0Interest-bearing balances
$2,827Securities
$12,841Federal funds sold & reverse repurchase agreements
$40,076Net loans & leases
$452Loan loss allowance
$0Trading account assets
$2,189Bank premises and fixed assets
$96Other real estate owned
$929Goodwill and other intangibles
$0Life insurance assets
$938All other assets
$62,186Total liabilities and capital
$55,756Total liabilities
$53,301Total deposits
$47,523Interest-bearing deposits
$53,301Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,000Other borrowed funds
$0Subordinated debt
$455All other liabilities
$6,430Total equity capital
$6,430Total bank equity capital
$6,430Perpetual preferred stock
$0Common stock
$2,310Surplus
$2,541Undivided profits
Memoranda
$1,579Noncurrent loans and leases
$9,989Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$395Earning assets
$0Long-term assets (5+ years)
$221Average Assets, year-to-date
$55,744Average Assets, quarterly
$164Volatile liabilities
$68,337Insider loans
$63,581FHLB advances
$10,278Loans and leases held for sale
$2,433Unused loan commitments
$2,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,989Total unused commitments
$0Restructured Loans and leases
$453Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$3,794Total interest income
$1,038Total interest expense
$2,756Net interest income
$108Provision for loan and lease losses
$683Total noninterest income
$0Fiduciary activities
$468Service charges on deposit accounts
$0Trading account gains & fees
$215Additional noninterest income
$2,410Total noninterest expense
$1,257Salaries and employee benefits
$361Premises and equipment expense
$792Additional noninterest expense
$921Pre-tax net operating income
$0Securities gains (losses)
$302Applicable income taxes
$619Income before extraordinary items
$0Extraordinary gains - net
$619Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$102Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.48%Yield on earning assets
1.77%Cost of funding earning assets
4.71%Net interest margin
1.17%Noninterest income to earning assets
4.12%Noninterest expense to earning assets
0.91%Net operating income to assets
0.91%Return on assets (ROA)
1.35%Pretax return on assets
10.10%Return on equity (ROE)
10.10%Retained earnings to average equity (YTD only)
0.24%Net charge-offs to loans
105.88%Credit loss provision to net charge-offs
10.09%Efficiency ratio
70,079Assets per employee
1.94%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.12%Loss allowance to noncurrent loans
114.43%Noncurrent assets plus other real estate owned to assets
0.79%Noncurrent loans to loans
0.97%Net loans and leases to deposits
75.19%Net loans and leases to core deposits
90.01%Equity capital to assets
10.34%Core capital (leverage) ratio
7.08%Tier 1 risk-based capital ratio
12.44%Total risk-based capital ratio
Memoranda
$13Average assets
$68,337Average earning assets
$6,131Average equity
$58,563Average loans
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