FDIC Certificate #: 57430 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:State Bank and Trust Company (#57870) Federal Reserve ID: 3150474 Date Established: September 19, 2003 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 363539 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: September 19, 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: 2380 Old Milton Parkway, Alpharetta, GA 30009 County: Fulton 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: $190.6 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2008)
Dollar figures in thousands
19Total employees (full-time equivalent)
$200,685Total assets
$43,776Cash and due from depository institutions
$42,637Interest-bearing balances
$22,469Securities
$11Federal funds sold & reverse repurchase agreements
$122,555Net loans & leases
$3,051Loan loss allowance
$0Trading account assets
$7,733Bank premises and fixed assets
$1,932Other real estate owned
$389Goodwill and other intangibles
$0Life insurance assets
$1,820All other assets
$200,685Total liabilities and capital
$191,446Total liabilities
$180,086Total deposits
$174,540Interest-bearing deposits
$180,086Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,000Other borrowed funds
$0Subordinated debt
$4,360All other liabilities
$9,239Total equity capital
$9,239Total bank equity capital
$9,239Perpetual preferred stock
$0Common stock
$5,900Surplus
$31,882Undivided profits
Memoranda
$-28,543Noncurrent loans and leases
$22,713Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$9,426Earning assets
$0Long-term assets (5+ years)
$656Average Assets, year-to-date
$187,672Average Assets, quarterly
$856Volatile liabilities
$189,922Insider loans
$198,888FHLB advances
$79,775Loans and leases held for sale
$3,017Unused loan commitments
$7,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$22,713Total unused commitments
$0Restructured Loans and leases
$1,710Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$9,267Total interest income
$6,757Total interest expense
$2,510Net interest income
$4,407Provision for loan and lease losses
-$427Total noninterest income
$0Fiduciary activities
$68Service charges on deposit accounts
$0Trading account gains & fees
-$495Additional noninterest income
$26,158Total noninterest expense
$1,995Salaries and employee benefits
$445Premises and equipment expense
$23,718Additional noninterest expense
-$28,482Pre-tax net operating income
$16Securities gains (losses)
$1,060Applicable income taxes
-$29,526Income before extraordinary items
$0Extraordinary gains - net
-$29,526Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$3,304Sale, conversion, retirement of capital stock, net
$250Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.75%Yield on earning assets
4.19%Cost of funding earning assets
1.56%Net interest margin
-0.26%Noninterest income to earning assets
16.23%Noninterest expense to earning assets
-15.55%Net operating income to assets
-15.55%Return on assets (ROA)
-14.99%Pretax return on assets
-130.72%Return on equity (ROE)
-131.83%Retained earnings to average equity (YTD only)
2.49%Net charge-offs to loans
133.38%Credit loss provision to net charge-offs
-7.29%Efficiency ratio
195,055Assets per employee
10.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
-0.85%Loss allowance to loans
2.43%Loss allowance to noncurrent loans
32.37%Noncurrent assets plus other real estate owned to assets
5.66%Noncurrent loans to loans
7.50%Net loans and leases to deposits
68.05%Net loans and leases to core deposits
122.18%Equity capital to assets
4.60%Core capital (leverage) ratio
4.45%Tier 1 risk-based capital ratio
6.46%Total risk-based capital ratio
Memoranda
$8Average assets
$189,922Average earning assets
$22,587Average equity
$161,197Average loans
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