FDIC Certificate #: 26470 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Regions Bank (#12368) Federal Reserve ID: 246732 Date Established: December 23, 1985 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 3 (Interstate: No) OTS Docket #: 13814 FDIC's unique #: 33125 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: December 23, 1985 Last Structure Change Effective Date: March 13, 1998 Last Structure Change Process Date: April 08, 1998 Last Data Update: April 08, 1998 Data Source Date: April 05, 2012
Location
Address: 888 Concord Road, Smyrna, GA 30080 County: Cobb 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: $151.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
45Total employees (full-time equivalent)
$151,531Total assets
$5,656Cash and due from depository institutions
$0Interest-bearing balances
$42,707Securities
$4,732Federal funds sold & reverse repurchase agreements
$90,485Net loans & leases
$1,187Loan loss allowance
$0Trading account assets
$3,056Bank premises and fixed assets
$193Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,702All other assets
$151,531Total liabilities and capital
$138,737Total liabilities
$136,392Total deposits
$115,150Interest-bearing deposits
$136,392Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,345All other liabilities
$12,794Total equity capital
$12,794Total bank equity capital
$12,794Perpetual preferred stock
$0Common stock
$631Surplus
$3,941Undivided profits
Memoranda
$8,222Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$658Average Assets, year-to-date
$137,924Average Assets, quarterly
$24,815Volatile liabilities
$149,135Insider loans
$152,178FHLB advances
$22,692Loans and leases held for sale
$3,149Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$24,691Total unused commitments
$0Restructured Loans and leases
$108,833Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$12,274Total interest income
$5,762Total interest expense
$6,512Net interest income
$0Provision for loan and lease losses
$790Total noninterest income
$0Fiduciary activities
$451Service charges on deposit accounts
$0Trading account gains & fees
$339Additional noninterest income
$3,693Total noninterest expense
$1,957Salaries and employee benefits
$572Premises and equipment expense
$1,164Additional noninterest expense
$3,609Pre-tax net operating income
$0Securities gains (losses)
$1,263Applicable income taxes
$2,346Income before extraordinary items
$0Extraordinary gains - net
$2,346Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$103Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.99%Yield on earning assets
4.22%Cost of funding earning assets
4.77%Net interest margin
0.58%Noninterest income to earning assets
2.71%Noninterest expense to earning assets
1.57%Net operating income to assets
1.57%Return on assets (ROA)
2.42%Pretax return on assets
20.27%Return on equity (ROE)
20.27%Retained earnings to average equity (YTD only)
-0.12%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
50,575Assets per employee
3.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.29%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.13%Noncurrent loans to loans
0.00%Net loans and leases to deposits
66.34%Net loans and leases to core deposits
79.58%Equity capital to assets
8.44%Core capital (leverage) ratio
7.64%Tier 1 risk-based capital ratio
11.79%Total risk-based capital ratio
Memoranda
$13Average assets
$149,135Average earning assets
$11,576Average equity
$136,499Average loans
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