FDIC Certificate #: 11296 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Citizens Bank and Trust Company, Inc. (#15504) Federal Reserve ID: 285937 Date Established: September 01, 1911 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 7210 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: April 01, 2003 Last Structure Change Process Date: May 16, 2003 Last Data Update: May 16, 2003 Data Source Date: April 05, 2012
Location
Address: Alexander And Doyle Streets, Toccoa, GA 30577 County: Stephens 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 Core Based Statistical Area (CBSA): Toccoa, GA (#45740) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $120.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
36Total employees (full-time equivalent)
$133,125Total assets
$8,854Cash and due from depository institutions
$101Interest-bearing balances
$12,156Securities
$16,660Federal funds sold & reverse repurchase agreements
$92,365Net loans & leases
$1,915Loan loss allowance
$0Trading account assets
$1,240Bank premises and fixed assets
$93Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,757All other assets
$133,125Total liabilities and capital
$114,997Total liabilities
$108,725Total deposits
$92,299Interest-bearing deposits
$108,725Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,500Other borrowed funds
$0Subordinated debt
$772All other liabilities
$18,128Total equity capital
$18,128Total bank equity capital
$18,128Perpetual preferred stock
$0Common stock
$400Surplus
$7,600Undivided profits
Memoranda
$10,128Noncurrent loans and leases
$3,812Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,510Earning assets
$0Long-term assets (5+ years)
$806Average Assets, year-to-date
$121,282Average Assets, quarterly
$2,085Volatile liabilities
$127,409Insider loans
$131,954FHLB advances
$23,711Loans and leases held for sale
$733Unused loan commitments
$5,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,812Total unused commitments
$0Restructured Loans and leases
$1,021Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$8,348Total interest income
$2,991Total interest expense
$5,357Net interest income
$180Provision for loan and lease losses
$703Total noninterest income
$50Fiduciary activities
$424Service charges on deposit accounts
$0Trading account gains & fees
$229Additional noninterest income
$2,848Total noninterest expense
$1,609Salaries and employee benefits
$409Premises and equipment expense
$830Additional noninterest expense
$3,032Pre-tax net operating income
$0Securities gains (losses)
$1,094Applicable income taxes
$1,938Income before extraordinary items
$0Extraordinary gains - net
$1,938Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$103Sale, conversion, retirement of capital stock, net
$950Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.12%Yield on earning assets
2.55%Cost of funding earning assets
4.57%Net interest margin
0.60%Noninterest income to earning assets
2.43%Noninterest expense to earning assets
1.52%Net operating income to assets
1.52%Return on assets (ROA)
2.38%Pretax return on assets
10.94%Return on equity (ROE)
5.58%Retained earnings to average equity (YTD only)
0.11%Net charge-offs to loans
174.76%Credit loss provision to net charge-offs
31.18%Efficiency ratio
46,997Assets per employee
3.70%Cash dividends to net income (YTD only)
Condition Ratios (%)
49.02%Loss allowance to loans
2.03%Loss allowance to noncurrent loans
76.29%Noncurrent assets plus other real estate owned to assets
1.96%Noncurrent loans to loans
2.66%Net loans and leases to deposits
84.95%Net loans and leases to core deposits
102.04%Equity capital to assets
13.62%Core capital (leverage) ratio
13.37%Tier 1 risk-based capital ratio
22.34%Total risk-based capital ratio
Memoranda
$24Average assets
$127,409Average earning assets
$17,711Average equity
$117,228Average 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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