FDIC Certificate #: 29162 Status: Inactive Federal Reserve ID: 642679 Date Established: September 01, 1934 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 3016 FDIC's unique #: 41996 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: December 14, 1934 Last Structure Change Effective Date: September 30, 1998 Last Structure Change Process Date: November 05, 1998 Last Data Update: November 05, 1998 Data Source Date: April 05, 2012
Location
Address: 3390 Peachtree Road, Atlanta, GA 30326 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)
History of Changes
Other Liquidations and Closings
Corrections
Office Sold
Financial Summary
Total assets: $82.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
231Total employees (full-time equivalent)
$88,679Total assets
$5,483Cash and due from depository institutions
$3,214Interest-bearing balances
$50,518Securities
$0Federal funds sold & reverse repurchase agreements
$14,084Net loans & leases
$163Loan loss allowance
$0Trading account assets
$7,345Bank premises and fixed assets
$0Other real estate owned
$4,622Goodwill and other intangibles
$0Life insurance assets
$6,627All other assets
$88,679Total liabilities and capital
$64,704Total liabilities
$50,329Total deposits
$34,949Interest-bearing deposits
$50,329Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,019Other borrowed funds
$0Subordinated debt
$13,356All other liabilities
$23,975Total equity capital
$23,975Total bank equity capital
$23,975Perpetual preferred stock
$2,679Common stock
$72,990Surplus
$0Undivided profits
Memoranda
$-51,694Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$198Earning assets
$0Long-term assets (5+ years)
$71Average Assets, year-to-date
$67,816Average Assets, quarterly
$0Volatile liabilities
$89,094Insider loans
$89,025FHLB advances
$2,050Loans and leases held for sale
$131Unused loan commitments
$1,019Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,541Total unused commitments
$0Restructured Loans and leases
$35,769Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$4,967Total interest income
$2,021Total interest expense
$2,946Net interest income
$130Provision for loan and lease losses
$9,444Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$9,444Additional noninterest income
$40,172Total noninterest expense
$14,400Salaries and employee benefits
$5,339Premises and equipment expense
$20,433Additional noninterest expense
-$27,912Pre-tax net operating income
$1Securities gains (losses)
$0Applicable income taxes
-$27,911Income before extraordinary items
$0Extraordinary gains - net
-$27,911Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$46Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.99%Yield on earning assets
2.84%Cost of funding earning assets
4.14%Net interest margin
13.29%Noninterest income to earning assets
56.51%Noninterest expense to earning assets
-31.33%Net operating income to assets
-31.33%Return on assets (ROA)
-31.33%Pretax return on assets
-90.62%Return on equity (ROE)
-90.62%Retained earnings to average equity (YTD only)
0.37%Net charge-offs to loans
282.61%Credit loss provision to net charge-offs
-603.96%Efficiency ratio
301,122Assets per employee
0.38%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.14%Loss allowance to noncurrent loans
82.32%Noncurrent assets plus other real estate owned to assets
0.22%Noncurrent loans to loans
1.39%Net loans and leases to deposits
27.98%Net loans and leases to core deposits
28.57%Equity capital to assets
27.04%Core capital (leverage) ratio
22.57%Tier 1 risk-based capital ratio
52.73%Total risk-based capital ratio
Memoranda
$53Average assets
$89,094Average earning assets
$30,800Average equity
$71,083Average loans
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