FDIC Certificate #: 35114 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Ameris Bank (#20504) Federal Reserve ID: 2804284 Date Established: November 20, 2001 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 74903 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: November 20, 2001 Last Structure Change Effective Date: May 14, 2010 Last Structure Change Process Date: May 17, 2010 Last Data Update: May 17, 2010 Data Source Date: April 05, 2012
Location
Address: 6308 Highway 40 East, Saint Marys, GA 31558 County: Camden Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Savannah Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Core Based Statistical Area (CBSA): St. Marys, GA (#41220) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $135.7 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
19Total employees (full-time equivalent)
$146,091Total assets
$15,081Cash and due from depository institutions
$0Interest-bearing balances
$25,887Securities
$0Federal funds sold & reverse repurchase agreements
$95,441Net loans & leases
$4,512Loan loss allowance
$0Trading account assets
$2,479Bank premises and fixed assets
$5,199Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,004All other assets
$146,091Total liabilities and capital
$140,881Total liabilities
$140,323Total deposits
$135,969Interest-bearing deposits
$140,323Deposits held in domestic offices
66.98%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$558All other liabilities
$5,210Total equity capital
$5,210Total bank equity capital
$5,210Perpetual preferred stock
$0Common stock
$7,279Surplus
$5,764Undivided profits
Memoranda
$-7,833Noncurrent loans and leases
$919Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$15,061Earning assets
$0Long-term assets (5+ years)
$478Average Assets, year-to-date
$121,328Average Assets, quarterly
$18,144Volatile liabilities
$158,375Insider loans
$152,167FHLB advances
$25,575Loans and leases held for sale
$2,680Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$919Total unused commitments
$0Restructured Loans and leases
$1,244Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$7,500Total interest income
$5,058Total interest expense
$2,442Net interest income
$6,276Provision for loan and lease losses
$84Total noninterest income
$0Fiduciary activities
$165Service charges on deposit accounts
$0Trading account gains & fees
-$81Additional noninterest income
$3,279Total noninterest expense
$1,141Salaries and employee benefits
$309Premises and equipment expense
$1,829Additional noninterest expense
-$7,029Pre-tax net operating income
-$327Securities gains (losses)
-$505Applicable income taxes
-$6,851Income before extraordinary items
$0Extraordinary gains - net
-$6,851Net income attributable to bank
$0Net charge-offs
-$6,851Cash dividends
$5,430Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.54%Yield on earning assets
3.73%Cost of funding earning assets
1.80%Net interest margin
0.06%Noninterest income to earning assets
2.42%Noninterest expense to earning assets
-4.13%Net operating income to assets
-4.33%Return on assets (ROA)
-4.64%Pretax return on assets
-67.88%Return on equity (ROE)
-67.88%Retained earnings to average equity (YTD only)
4.95%Net charge-offs to loans
115.58%Credit loss provision to net charge-offs
-0.14%Efficiency ratio
129,810Assets per employee
7.69%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.51%Loss allowance to noncurrent loans
29.96%Noncurrent assets plus other real estate owned to assets
13.87%Noncurrent loans to loans
15.07%Net loans and leases to deposits
68.02%Net loans and leases to core deposits
83.17%Equity capital to assets
3.57%Core capital (leverage) ratio
3.35%Tier 1 risk-based capital ratio
5.22%Total risk-based capital ratio
Memoranda
$6Average assets
$158,375Average earning assets
$10,093Average equity
$135,486Average loans
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