FDIC Certificate #: 2374 Status: Inactive Acquiring institution:Northwest Georgia Bank (#9246) Federal Reserve ID: 529453 Date Established: December 01, 1902 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) OTS Docket #: 9063 FDIC's unique #: 1561 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: January 27, 2003 Last Structure Change Process Date: March 03, 2003 Last Data Update: March 03, 2003 Data Source Date: April 05, 2012
Location
Address: 7201 Shallowford Road, Chattanooga, TN 37421 County: Hamilton Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Nashville Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Chattanooga, TN-GA (#1560) Combined Statistical Area (CSA): Chattanooga-Cleveland-Athens, TN-GA (#174) Core Based Statistical Area (CBSA): Chattanooga, TN-GA (#16860) CBSA Metro Statistical Area: Chattanooga, TN-GA (#16860)
History of Changes
Merger - Without Assistance
Change in Location
Financial Summary
Total assets: $143.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
38Total employees (full-time equivalent)
$143,822Total assets
$3,169Cash and due from depository institutions
$260Interest-bearing balances
$21,477Securities
$2,117Federal funds sold & reverse repurchase agreements
$100,287Net loans & leases
$1,013Loan loss allowance
$0Trading account assets
$2,730Bank premises and fixed assets
$539Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$13,503All other assets
$143,822Total liabilities and capital
$130,826Total liabilities
$117,626Total deposits
$111,320Interest-bearing deposits
$117,626Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$12,397Other borrowed funds
$0Subordinated debt
$803All other liabilities
$12,996Total equity capital
$12,996Total bank equity capital
$12,996Perpetual preferred stock
$0Common stock
$190Surplus
$3,601Undivided profits
Memoranda
$9,205Noncurrent loans and leases
$29,894Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$76Earning assets
$0Long-term assets (5+ years)
$812Average Assets, year-to-date
$124,141Average Assets, quarterly
$36,403Volatile liabilities
$143,642Insider loans
$143,430FHLB advances
$38,126Loans and leases held for sale
$4,265Unused loan commitments
$12,296Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$29,894Total unused commitments
$0Restructured Loans and leases
$1,013Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$8,116Total interest income
$4,056Total interest expense
$4,060Net interest income
$236Provision for loan and lease losses
$1,260Total noninterest income
$20Fiduciary activities
$438Service charges on deposit accounts
$0Trading account gains & fees
$802Additional noninterest income
$3,833Total noninterest expense
$1,888Salaries and employee benefits
$554Premises and equipment expense
$1,391Additional noninterest expense
$1,251Pre-tax net operating income
$164Securities gains (losses)
$404Applicable income taxes
$1,011Income before extraordinary items
$0Extraordinary gains - net
$1,011Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$28Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.74%Yield on earning assets
3.37%Cost of funding earning assets
3.37%Net interest margin
1.05%Noninterest income to earning assets
3.18%Noninterest expense to earning assets
0.62%Net operating income to assets
0.70%Return on assets (ROA)
0.99%Pretax return on assets
8.15%Return on equity (ROE)
8.15%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
842.86%Credit loss provision to net charge-offs
53.11%Efficiency ratio
72,049Assets per employee
3.78%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.00%Loss allowance to noncurrent loans
1332.89%Noncurrent assets plus other real estate owned to assets
0.43%Noncurrent loans to loans
0.08%Net loans and leases to deposits
85.26%Net loans and leases to core deposits
119.37%Equity capital to assets
9.04%Core capital (leverage) ratio
8.82%Tier 1 risk-based capital ratio
10.87%Total risk-based capital ratio
Memoranda
$12Average assets
$143,642Average earning assets
$12,407Average equity
$120,485Average loans
Total Fiduciary and Related Assets (December 31, 2002)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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