FDIC Certificate #: 57346 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:State Bank and Trust Company (#57870) Federal Reserve ID: 3172038 Date Established: Febuary 24, 2003 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 362244 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: Febuary 24, 2003 Last Structure Change Effective Date: July 24, 2009 Last Structure Change Process Date: July 27, 2009 Last Data Update: July 27, 2009 Data Source Date: April 05, 2012
Location
Address: 1380 Peachtree Industrial Boulevard, Suwanee, GA 30024 County: Gwinnett 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: $259.2 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
17Total employees (full-time equivalent)
$346,763Total assets
$34,340Cash and due from depository institutions
$32,471Interest-bearing balances
$47,173Securities
$759Federal funds sold & reverse repurchase agreements
$215,769Net loans & leases
$10,807Loan loss allowance
$0Trading account assets
$2,545Bank premises and fixed assets
$33,378Other real estate owned
$449Goodwill and other intangibles
$4,380Life insurance assets
$12,350All other assets
$346,763Total liabilities and capital
$334,420Total liabilities
$310,767Total deposits
$306,880Interest-bearing deposits
$310,767Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$21,000Other borrowed funds
$0Subordinated debt
$2,653All other liabilities
$12,343Total equity capital
$12,343Total bank equity capital
$12,343Perpetual preferred stock
$0Common stock
$9,263Surplus
$57,393Undivided profits
Memoranda
$-54,313Noncurrent loans and leases
$3,822Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$62,433Earning assets
$0Long-term assets (5+ years)
$1,312Average Assets, year-to-date
$296,172Average Assets, quarterly
$5,485Volatile liabilities
$371,301Insider loans
$354,771FHLB advances
$171,637Loans and leases held for sale
$0Unused loan commitments
$21,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,822Total unused commitments
$0Restructured Loans and leases
$3,375Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$13,632Total interest income
$14,506Total interest expense
-$874Net interest income
$22,416Provision for loan and lease losses
-$2,631Total noninterest income
$0Fiduciary activities
$26Service charges on deposit accounts
$0Trading account gains & fees
-$2,657Additional noninterest income
$32,121Total noninterest expense
$1,909Salaries and employee benefits
$357Premises and equipment expense
$29,855Additional noninterest expense
-$58,042Pre-tax net operating income
$90Securities gains (losses)
-$924Applicable income taxes
-$57,028Income before extraordinary items
$0Extraordinary gains - net
-$57,028Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$15,455Sale, conversion, retirement of capital stock, net
$1,000Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.39%Yield on earning assets
4.67%Cost of funding earning assets
-0.28%Net interest margin
-0.85%Noninterest income to earning assets
10.35%Noninterest expense to earning assets
-15.38%Net operating income to assets
-15.36%Return on assets (ROA)
-15.61%Pretax return on assets
-166.52%Return on equity (ROE)
-169.44%Retained earnings to average equity (YTD only)
5.77%Net charge-offs to loans
145.04%Credit loss provision to net charge-offs
-2.31%Efficiency ratio
-175,321Assets per employee
20.40%Cash dividends to net income (YTD only)
Condition Ratios (%)
-1.75%Loss allowance to loans
4.77%Loss allowance to noncurrent loans
17.31%Noncurrent assets plus other real estate owned to assets
27.63%Noncurrent loans to loans
27.55%Net loans and leases to deposits
69.43%Net loans and leases to core deposits
155.08%Equity capital to assets
3.56%Core capital (leverage) ratio
3.55%Tier 1 risk-based capital ratio
4.73%Total risk-based capital ratio
Memoranda
$6Average assets
$371,301Average earning assets
$34,247Average equity
$310,298Average loans
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