FDIC Certificate #: 34593 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Gainesville Bank & Trust (#27158) Federal Reserve ID: 2684945 Date Established: January 04, 1999 WWW:http://www.soheritagebank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 60757 Numeric code: 21 Regulator: FDIC 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: January 04, 1999 Last Structure Change Effective Date: August 02, 2004 Last Structure Change Process Date: September 14, 2004 Last Data Update: September 14, 2004 Data Source Date: April 05, 2012
Location
Address: 3461 Atlanta Highway, Flowery Branch, GA 30542 County: Hall 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 Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122) Core Based Statistical Area (CBSA): Gainesville, GA (#23580) CBSA Metro Statistical Area: Gainesville, GA (#23580)
Financial Summary
Total assets: $117.7 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2003)
Dollar figures in thousands
32Total employees (full-time equivalent)
$114,985Total assets
$1,996Cash and due from depository institutions
$40Interest-bearing balances
$8,865Securities
$3,941Federal funds sold & reverse repurchase agreements
$96,134Net loans & leases
$1,040Loan loss allowance
$0Trading account assets
$3,176Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$873All other assets
$114,985Total liabilities and capital
$102,422Total liabilities
$98,359Total deposits
$84,490Interest-bearing deposits
$98,359Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,700Other borrowed funds
$0Subordinated debt
$363All other liabilities
$12,563Total equity capital
$12,563Total bank equity capital
$12,563Perpetual preferred stock
$0Common stock
$4,000Surplus
$7,500Undivided profits
Memoranda
$1,063Noncurrent loans and leases
$18,373Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$110Earning assets
$0Long-term assets (5+ years)
$364Average Assets, year-to-date
$108,980Average Assets, quarterly
$3,038Volatile liabilities
$106,446Insider loans
$115,225FHLB advances
$19,801Loans and leases held for sale
$3,864Unused loan commitments
$3,700Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$18,373Total unused commitments
$0Restructured Loans and leases
$1,040Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$6,586Total interest income
$2,363Total interest expense
$4,223Net interest income
$1,206Provision for loan and lease losses
$901Total noninterest income
$0Fiduciary activities
$179Service charges on deposit accounts
$0Trading account gains & fees
$722Additional noninterest income
$3,172Total noninterest expense
$1,945Salaries and employee benefits
$435Premises and equipment expense
$792Additional noninterest expense
$746Pre-tax net operating income
$0Securities gains (losses)
$262Applicable income taxes
$484Income before extraordinary items
$0Extraordinary gains - net
$484Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,021Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.55%Yield on earning assets
2.35%Cost of funding earning assets
4.20%Net interest margin
0.90%Noninterest income to earning assets
3.16%Noninterest expense to earning assets
0.45%Net operating income to assets
0.45%Return on assets (ROA)
0.70%Pretax return on assets
4.39%Return on equity (ROE)
4.39%Retained earnings to average equity (YTD only)
1.19%Net charge-offs to loans
118.12%Credit loss provision to net charge-offs
1.91%Efficiency ratio
61,905Assets per employee
3.59%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.07%Loss allowance to noncurrent loans
945.45%Noncurrent assets plus other real estate owned to assets
0.10%Noncurrent loans to loans
0.11%Net loans and leases to deposits
97.74%Net loans and leases to core deposits
119.34%Equity capital to assets
10.93%Core capital (leverage) ratio
10.91%Tier 1 risk-based capital ratio
12.32%Total risk-based capital ratio
Memoranda
$13Average assets
$106,446Average earning assets
$11,021Average equity
$100,501Average loans
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