FDIC Certificate #: 27097 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Regions Bank (#12368) Federal Reserve ID: 1160406 Date Established: November 23, 1987 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 14579 FDIC's unique #: 38778 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: November 23, 1987 Last Structure Change Effective Date: June 25, 1999 Last Structure Change Process Date: July 07, 1999 Last Data Update: July 07, 1999 Data Source Date: April 05, 2012
Location
Address: 40 Bullsboro Drive, Newnan, GA 30263 County: Coweta 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: $96.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
55Total employees (full-time equivalent)
$101,284Total assets
$5,146Cash and due from depository institutions
$701Interest-bearing balances
$14,435Securities
$12,090Federal funds sold & reverse repurchase agreements
$64,132Net loans & leases
$1,234Loan loss allowance
$0Trading account assets
$2,501Bank premises and fixed assets
$64Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,916All other assets
$101,284Total liabilities and capital
$91,615Total liabilities
$85,854Total deposits
$73,219Interest-bearing deposits
$85,854Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,000Other borrowed funds
$0Subordinated debt
$1,761All other liabilities
$9,669Total equity capital
$9,669Total bank equity capital
$9,669Perpetual preferred stock
$0Common stock
$1,777Surplus
$3,648Undivided profits
Memoranda
$4,244Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,551Earning assets
$248Long-term assets (5+ years)
$384Average Assets, year-to-date
$91,358Average Assets, quarterly
$3,240Volatile liabilities
$104,200Insider loans
$104,511FHLB advances
$15,927Loans and leases held for sale
$1,016Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,975Total unused commitments
$0Restructured Loans and leases
$70,207Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$10,066Total interest income
$4,164Total interest expense
$5,902Net interest income
$904Provision for loan and lease losses
$1,070Total noninterest income
$0Fiduciary activities
$802Service charges on deposit accounts
$0Trading account gains & fees
$268Additional noninterest income
$5,149Total noninterest expense
$2,011Salaries and employee benefits
$1,001Premises and equipment expense
$2,137Additional noninterest expense
$919Pre-tax net operating income
$0Securities gains (losses)
$281Applicable income taxes
$638Income before extraordinary items
$0Extraordinary gains - net
$638Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,253Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
10.69%Yield on earning assets
4.42%Cost of funding earning assets
6.27%Net interest margin
1.14%Noninterest income to earning assets
5.47%Noninterest expense to earning assets
0.61%Net operating income to assets
0.61%Return on assets (ROA)
0.88%Pretax return on assets
6.71%Return on equity (ROE)
6.71%Retained earnings to average equity (YTD only)
1.79%Net charge-offs to loans
72.15%Credit loss provision to net charge-offs
1.45%Efficiency ratio
73,853Assets per employee
1.84%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.89%Loss allowance to noncurrent loans
79.56%Noncurrent assets plus other real estate owned to assets
1.59%Noncurrent loans to loans
2.37%Net loans and leases to deposits
74.70%Net loans and leases to core deposits
91.71%Equity capital to assets
9.55%Core capital (leverage) ratio
9.26%Tier 1 risk-based capital ratio
13.69%Total risk-based capital ratio
Memoranda
$15Average assets
$104,200Average earning assets
$9,510Average equity
$94,125Average loans
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