FDIC Certificate #: 880 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Regions Bank (#12368) Federal Reserve ID: 697437 Date Established: January 01, 1893 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 562 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: Febuary 06, 1998 Last Structure Change Process Date: March 18, 1998 Last Data Update: March 18, 1998 Data Source Date: April 05, 2012
Location
Address: 415 East Cotton Avenue, Millen, GA 30442 County: Jenkins 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
Financial Summary
Total assets: $42.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
17Total employees (full-time equivalent)
$42,485Total assets
$2,682Cash and due from depository institutions
$314Interest-bearing balances
$11,260Securities
$9,140Federal funds sold & reverse repurchase agreements
$18,489Net loans & leases
$156Loan loss allowance
$0Trading account assets
$276Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$638All other assets
$42,485Total liabilities and capital
$36,178Total liabilities
$35,386Total deposits
$30,085Interest-bearing deposits
$35,386Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$792All other liabilities
$6,307Total equity capital
$6,307Total bank equity capital
$6,307Perpetual preferred stock
$0Common stock
$200Surplus
$2,700Undivided profits
Memoranda
$3,407Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$456Earning assets
$0Long-term assets (5+ years)
$320Average Assets, year-to-date
$39,203Average Assets, quarterly
$3,993Volatile liabilities
$41,858Insider loans
$41,866FHLB advances
$4,227Loans and leases held for sale
$289Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$742Total unused commitments
$0Restructured Loans and leases
$21,548Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$3,245Total interest income
$1,355Total interest expense
$1,890Net interest income
$0Provision for loan and lease losses
$288Total noninterest income
$0Fiduciary activities
$222Service charges on deposit accounts
$0Trading account gains & fees
$66Additional noninterest income
$963Total noninterest expense
$543Salaries and employee benefits
$245Premises and equipment expense
$175Additional noninterest expense
$1,215Pre-tax net operating income
$0Securities gains (losses)
$370Applicable income taxes
$845Income before extraordinary items
$0Extraordinary gains - net
$845Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$99Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.29%Yield on earning assets
3.46%Cost of funding earning assets
4.83%Net interest margin
0.74%Noninterest income to earning assets
2.46%Noninterest expense to earning assets
2.02%Net operating income to assets
2.02%Return on assets (ROA)
2.90%Pretax return on assets
14.26%Return on equity (ROE)
14.26%Retained earnings to average equity (YTD only)
0.51%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
12.27%Efficiency ratio
44,215Assets per employee
2.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.84%Loss allowance to noncurrent loans
34.21%Noncurrent assets plus other real estate owned to assets
1.07%Noncurrent loans to loans
2.45%Net loans and leases to deposits
52.25%Net loans and leases to core deposits
59.34%Equity capital to assets
14.85%Core capital (leverage) ratio
14.65%Tier 1 risk-based capital ratio
28.70%Total risk-based capital ratio
Memoranda
$29Average assets
$41,858Average earning assets
$5,925Average equity
$39,143Average loans
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