FDIC Certificate #: 10052 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Liberty Bank (#29568) Federal Reserve ID: 108634 Date Established: September 04, 1926 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 11177 FDIC's unique #: 6424 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 01, 1934 Last Structure Change Effective Date: June 19, 1998 Last Structure Change Process Date: June 24, 1998 Last Data Update: June 24, 1998 Data Source Date: April 05, 2012
Location
Address: South Main Street (Us Highway 19), Butler, GA 31006 County: Taylor Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Albany Ga Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast
Financial Summary
Total assets: $62.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
36Total employees (full-time equivalent)
$61,527Total assets
$2,672Cash and due from depository institutions
$7Interest-bearing balances
$15,283Securities
$2,340Federal funds sold & reverse repurchase agreements
$38,601Net loans & leases
$718Loan loss allowance
$0Trading account assets
$1,527Bank premises and fixed assets
$215Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$889All other assets
$61,527Total liabilities and capital
$53,755Total liabilities
$52,924Total deposits
$42,176Interest-bearing deposits
$52,924Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$489Other borrowed funds
$0Subordinated debt
$342All other liabilities
$7,772Total equity capital
$7,772Total bank equity capital
$7,772Perpetual preferred stock
$0Common stock
$200Surplus
$3,946Undivided profits
Memoranda
$3,626Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$465Earning assets
$168Long-term assets (5+ years)
$467Average Assets, year-to-date
$56,231Average Assets, quarterly
$5,848Volatile liabilities
$61,186Insider loans
$61,892FHLB advances
$5,727Loans and leases held for sale
$477Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,402Total unused commitments
$0Restructured Loans and leases
$42,576Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$5,367Total interest income
$1,917Total interest expense
$3,450Net interest income
$183Provision for loan and lease losses
$490Total noninterest income
$0Fiduciary activities
$467Service charges on deposit accounts
$0Trading account gains & fees
$23Additional noninterest income
$2,132Total noninterest expense
$1,192Salaries and employee benefits
$292Premises and equipment expense
$648Additional noninterest expense
$1,625Pre-tax net operating income
-$13Securities gains (losses)
$480Applicable income taxes
$1,132Income before extraordinary items
$0Extraordinary gains - net
$1,132Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$109Sale, conversion, retirement of capital stock, net
$551Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.61%Yield on earning assets
3.43%Cost of funding earning assets
6.18%Net interest margin
0.88%Noninterest income to earning assets
3.82%Noninterest expense to earning assets
1.86%Net operating income to assets
1.85%Return on assets (ROA)
2.63%Pretax return on assets
15.48%Return on equity (ROE)
7.94%Retained earnings to average equity (YTD only)
0.28%Net charge-offs to loans
167.89%Credit loss provision to net charge-offs
16.59%Efficiency ratio
54,112Assets per employee
1.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
48.67%Loss allowance to loans
1.83%Loss allowance to noncurrent loans
154.41%Noncurrent assets plus other real estate owned to assets
1.11%Noncurrent loans to loans
1.18%Net loans and leases to deposits
72.94%Net loans and leases to core deposits
80.95%Equity capital to assets
12.63%Core capital (leverage) ratio
12.83%Tier 1 risk-based capital ratio
18.17%Total risk-based capital ratio
Memoranda
$19Average assets
$61,186Average earning assets
$7,313Average equity
$55,859Average loans
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