FDIC Certificate #: 27223 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Premier Bank (#26307) Federal Reserve ID: 1188277 Date Established: April 21, 1988 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 39156 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes Oakar Institutions: Yes State Chartered: Yes Date of Deposit Insurance: April 21, 1988 Last Structure Change Effective Date: December 04, 1998 Last Structure Change Process Date: Febuary 12, 1999 Last Data Update: Febuary 12, 1999 Data Source Date: April 05, 2012
Location
Address: 150 Perry Street, Lawrenceville, GA 30045 County: Gwinnett 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: $233.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
57Total employees (full-time equivalent)
$215,189Total assets
$14,308Cash and due from depository institutions
$500Interest-bearing balances
$45,540Securities
$6,765Federal funds sold & reverse repurchase agreements
$142,273Net loans & leases
$2,577Loan loss allowance
$0Trading account assets
$3,873Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,430All other assets
$215,189Total liabilities and capital
$193,297Total liabilities
$191,803Total deposits
$137,497Interest-bearing deposits
$191,803Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,494All other liabilities
$21,892Total equity capital
$21,892Total bank equity capital
$21,892Perpetual preferred stock
$0Common stock
$2,500Surplus
$10,500Undivided profits
Memoranda
$8,892Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$25Earning assets
$0Long-term assets (5+ years)
$910Average Assets, year-to-date
$195,078Average Assets, quarterly
$9,233Volatile liabilities
$197,065Insider loans
$209,889FHLB advances
$25,260Loans and leases held for sale
$4,710Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$46,905Total unused commitments
$0Restructured Loans and leases
$158,067Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$16,667Total interest income
$5,760Total interest expense
$10,907Net interest income
$260Provision for loan and lease losses
$1,101Total noninterest income
$0Fiduciary activities
$780Service charges on deposit accounts
$0Trading account gains & fees
$321Additional noninterest income
$4,200Total noninterest expense
$2,690Salaries and employee benefits
$428Premises and equipment expense
$1,082Additional noninterest expense
$7,548Pre-tax net operating income
$0Securities gains (losses)
$2,720Applicable income taxes
$4,828Income before extraordinary items
$0Extraordinary gains - net
$4,828Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$14Sale, conversion, retirement of capital stock, net
$2,400Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.30%Yield on earning assets
3.21%Cost of funding earning assets
6.09%Net interest margin
0.61%Noninterest income to earning assets
2.34%Noninterest expense to earning assets
2.45%Net operating income to assets
2.45%Return on assets (ROA)
3.83%Pretax return on assets
24.41%Return on equity (ROE)
12.27%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
1857.14%Credit loss provision to net charge-offs
557.71%Efficiency ratio
34,977Assets per employee
3.78%Cash dividends to net income (YTD only)
Condition Ratios (%)
49.71%Loss allowance to loans
1.78%Loss allowance to noncurrent loans
10308.00%Noncurrent assets plus other real estate owned to assets
0.01%Noncurrent loans to loans
0.02%Net loans and leases to deposits
74.18%Net loans and leases to core deposits
85.43%Equity capital to assets
10.17%Core capital (leverage) ratio
10.42%Tier 1 risk-based capital ratio
13.85%Total risk-based capital ratio
Memoranda
$15Average assets
$197,065Average earning assets
$19,781Average equity
$179,214Average loans
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