FDIC Certificate #: 58327 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Georgia Bank & Trust Company of Augusta (#27574) Federal Reserve ID: 3454510 Date Established: September 12, 2006 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 18020 FDIC's unique #: 446181 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 12, 2006 Last Structure Change Effective Date: December 05, 2011 Last Structure Change Process Date: December 15, 2011 Last Data Update: December 15, 2011 Data Source Date: April 05, 2012
Location
Address: 149 Laurens Street, Nw, Aiken, SC 29801 County: Aiken Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Columbia Sc Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Augusta-Aiken, GA-SC (#600) Core Based Statistical Area (CBSA): Augusta-Richmond County, GA-SC (#12260) CBSA Metro Statistical Area: Augusta-Richmond County, GA-SC (#12260)
Financial Summary
Total assets: $185.8 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
25Total employees (full-time equivalent)
$185,059Total assets
$24,170Cash and due from depository institutions
$22,588Interest-bearing balances
$36,735Securities
$0Federal funds sold & reverse repurchase agreements
$115,583Net loans & leases
$2,474Loan loss allowance
$0Trading account assets
$4,441Bank premises and fixed assets
$1,523Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,607All other assets
$185,059Total liabilities and capital
$170,632Total liabilities
$164,663Total deposits
$150,400Interest-bearing deposits
$164,663Deposits held in domestic offices
94.58%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,000Other borrowed funds
$0Subordinated debt
$969All other liabilities
$14,427Total equity capital
$14,427Total bank equity capital
$14,427Perpetual preferred stock
$0Common stock
$5,001Surplus
$10,758Undivided profits
Memoranda
$-1,332Noncurrent loans and leases
$9,907Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,187Earning assets
$0Long-term assets (5+ years)
$592Average Assets, year-to-date
$174,906Average Assets, quarterly
$41,449Volatile liabilities
$174,131Insider loans
$183,071FHLB advances
$44,237Loans and leases held for sale
$3,502Unused loan commitments
$5,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,907Total unused commitments
$25Restructured Loans and leases
$1,540Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$8,043Total interest income
$2,760Total interest expense
$5,283Net interest income
$1,340Provision for loan and lease losses
$870Total noninterest income
$0Fiduciary activities
$464Service charges on deposit accounts
$0Trading account gains & fees
$406Additional noninterest income
$4,062Total noninterest expense
$1,576Salaries and employee benefits
$639Premises and equipment expense
$1,847Additional noninterest expense
$751Pre-tax net operating income
$0Securities gains (losses)
$344Applicable income taxes
$407Income before extraordinary items
$0Extraordinary gains - net
$407Net income attributable to bank
$0Net charge-offs
$407Cash dividends
$1,023Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.23%Yield on earning assets
1.79%Cost of funding earning assets
3.43%Net interest margin
0.57%Noninterest income to earning assets
2.64%Noninterest expense to earning assets
0.23%Net operating income to assets
0.23%Return on assets (ROA)
0.43%Pretax return on assets
2.83%Return on equity (ROE)
2.83%Retained earnings to average equity (YTD only)
0.83%Net charge-offs to loans
130.99%Credit loss provision to net charge-offs
2.04%Efficiency ratio
66,017Assets per employee
7.40%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.10%Loss allowance to noncurrent loans
113.12%Noncurrent assets plus other real estate owned to assets
2.00%Noncurrent loans to loans
1.85%Net loans and leases to deposits
70.19%Net loans and leases to core deposits
94.41%Equity capital to assets
7.80%Core capital (leverage) ratio
7.84%Tier 1 risk-based capital ratio
11.84%Total risk-based capital ratio
Memoranda
$13Average assets
$174,131Average earning assets
$14,392Average equity
$153,823Average loans
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