FDIC Certificate #: 21866 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Synovus Bank (#873) Federal Reserve ID: 149235 Date Established: December 20, 1974 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) FDIC's unique #: 15151 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: December 20, 1974 Last Structure Change Effective Date: June 01, 2010 Last Structure Change Process Date: June 15, 2010 Last Data Update: June 15, 2010 Data Source Date: April 05, 2012
Location
Address: 2720 West Tennessee Street, Tallahassee, FL 32304 County: Leon Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Gainesville Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Tallahassee, FL (#8240) Core Based Statistical Area (CBSA): Tallahassee, FL (#45220) CBSA Metro Statistical Area: Tallahassee, FL (#45220)
Financial Summary
Total assets: $359.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
34Total employees (full-time equivalent)
$344,530Total assets
$3,923Cash and due from depository institutions
$3Interest-bearing balances
$8,445Securities
$29,516Federal funds sold & reverse repurchase agreements
$281,420Net loans & leases
$7,898Loan loss allowance
$0Trading account assets
$7,189Bank premises and fixed assets
$339Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$13,698All other assets
$344,530Total liabilities and capital
$315,236Total liabilities
$314,393Total deposits
$278,293Interest-bearing deposits
$314,393Deposits held in domestic offices
82.25%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$843All other liabilities
$29,294Total equity capital
$29,294Total bank equity capital
$29,294Perpetual preferred stock
$0Common stock
$540Surplus
$26,092Undivided profits
Memoranda
$2,662Noncurrent loans and leases
$33,369Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$9,136Earning assets
$0Long-term assets (5+ years)
$1,168Average Assets, year-to-date
$319,384Average Assets, quarterly
$112,983Volatile liabilities
$350,575Insider loans
$350,783FHLB advances
$72,461Loans and leases held for sale
$10,161Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$33,369Total unused commitments
$0Restructured Loans and leases
$3,917Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$17,074Total interest income
$5,354Total interest expense
$11,720Net interest income
$31,075Provision for loan and lease losses
$1,304Total noninterest income
$0Fiduciary activities
$1,212Service charges on deposit accounts
$0Trading account gains & fees
$92Additional noninterest income
$6,077Total noninterest expense
$2,397Salaries and employee benefits
$704Premises and equipment expense
$2,976Additional noninterest expense
-$24,128Pre-tax net operating income
$0Securities gains (losses)
-$5,897Applicable income taxes
-$18,231Income before extraordinary items
$0Extraordinary gains - net
-$18,231Net income attributable to bank
$0Net charge-offs
-$18,231Cash dividends
$32,263Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.17%Yield on earning assets
1.62%Cost of funding earning assets
3.55%Net interest margin
0.40%Noninterest income to earning assets
1.84%Noninterest expense to earning assets
-5.20%Net operating income to assets
-5.20%Return on assets (ROA)
-6.88%Pretax return on assets
-60.09%Return on equity (ROE)
-60.09%Retained earnings to average equity (YTD only)
10.11%Net charge-offs to loans
96.32%Credit loss provision to net charge-offs
0.22%Efficiency ratio
46,660Assets per employee
10.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.73%Loss allowance to noncurrent loans
86.45%Noncurrent assets plus other real estate owned to assets
2.75%Noncurrent loans to loans
3.16%Net loans and leases to deposits
89.51%Net loans and leases to core deposits
116.32%Equity capital to assets
8.50%Core capital (leverage) ratio
8.16%Tier 1 risk-based capital ratio
9.24%Total risk-based capital ratio
Memoranda
$11Average assets
$350,575Average earning assets
$30,339Average equity
$330,023Average loans
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