FDIC Certificate #: 5707 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Synovus Bank (#873) Federal Reserve ID: 1632 Date Established: January 01, 1901 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 10 (Interstate: No) FDIC's unique #: 3889 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: January 01, 1934 Last Structure Change Effective Date: June 01, 2010 Last Structure Change Process Date: June 14, 2010 Last Data Update: June 14, 2010 Data Source Date: April 05, 2012
Location
Address: 2 East Main Street, Statesboro, GA 30458 County: Bulloch 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): Statesboro, GA (#44340) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $771.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
118Total employees (full-time equivalent)
$777,609Total assets
$6,694Cash and due from depository institutions
$15Interest-bearing balances
$40,168Securities
$55,588Federal funds sold & reverse repurchase agreements
$629,684Net loans & leases
$12,021Loan loss allowance
$0Trading account assets
$13,645Bank premises and fixed assets
$9,703Other real estate owned
$0Goodwill and other intangibles
$838Life insurance assets
$22,127All other assets
$777,609Total liabilities and capital
$712,373Total liabilities
$648,012Total deposits
$576,972Interest-bearing deposits
$648,012Deposits held in domestic offices
87.82%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$60,000Other borrowed funds
$0Subordinated debt
$4,361All other liabilities
$65,236Total equity capital
$65,236Total bank equity capital
$65,236Perpetual preferred stock
$0Common stock
$1,900Surplus
$57,483Undivided profits
Memoranda
$5,853Noncurrent loans and leases
$77,389Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$27,064Earning assets
$0Long-term assets (5+ years)
$4,181Average Assets, year-to-date
$725,455Average Assets, quarterly
$128,614Volatile liabilities
$774,109Insider loans
$784,595FHLB advances
$218,086Loans and leases held for sale
$28,394Unused loan commitments
$60,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$77,389Total unused commitments
$7,239Restructured Loans and leases
$8,235Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$38,450Total interest income
$13,332Total interest expense
$25,118Net interest income
$31,839Provision for loan and lease losses
-$1,587Total noninterest income
$0Fiduciary activities
$2,698Service charges on deposit accounts
$0Trading account gains & fees
-$4,285Additional noninterest income
$17,824Total noninterest expense
$7,507Salaries and employee benefits
$2,186Premises and equipment expense
$8,131Additional noninterest expense
-$26,132Pre-tax net operating income
$108Securities gains (losses)
-$4,664Applicable income taxes
-$21,360Income before extraordinary items
$0Extraordinary gains - net
-$21,360Net income attributable to bank
$0Net charge-offs
-$21,360Cash dividends
$30,237Sale, conversion, retirement of capital stock, net
$395Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.28%Yield on earning assets
1.83%Cost of funding earning assets
3.45%Net interest margin
-0.22%Noninterest income to earning assets
2.45%Noninterest expense to earning assets
-2.77%Net operating income to assets
-2.76%Return on assets (ROA)
-3.36%Pretax return on assets
-32.95%Return on equity (ROE)
-33.55%Retained earnings to average equity (YTD only)
4.54%Net charge-offs to loans
105.30%Credit loss provision to net charge-offs
0.19%Efficiency ratio
75,747Assets per employee
6.59%Cash dividends to net income (YTD only)
Condition Ratios (%)
-1.85%Loss allowance to loans
1.87%Loss allowance to noncurrent loans
44.42%Noncurrent assets plus other real estate owned to assets
4.73%Noncurrent loans to loans
4.22%Net loans and leases to deposits
97.17%Net loans and leases to core deposits
128.53%Equity capital to assets
8.39%Core capital (leverage) ratio
8.28%Tier 1 risk-based capital ratio
9.84%Total risk-based capital ratio
Memoranda
$11Average assets
$774,109Average earning assets
$64,835Average equity
$728,525Average loans
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