FDIC Certificate #: 18486 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Flag Bank (#29927) Federal Reserve ID: 629634 Date Established: January 01, 1934 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 12119 FDIC's unique #: 12381 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: Febuary 15, 1962 Last Structure Change Effective Date: Febuary 11, 2000 Last Structure Change Process Date: May 08, 2000 Last Data Update: May 08, 2000 Data Source Date: April 05, 2012
Location
Address: 14 High Street, Hogansville, GA 30230 County: Troup 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 Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122) Core Based Statistical Area (CBSA): LaGrange, GA (#29300) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $29.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
16Total employees (full-time equivalent)
$29,720Total assets
$2,643Cash and due from depository institutions
$0Interest-bearing balances
$11,881Securities
$450Federal funds sold & reverse repurchase agreements
$13,844Net loans & leases
$223Loan loss allowance
$0Trading account assets
$186Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$716All other assets
$29,720Total liabilities and capital
$26,291Total liabilities
$25,930Total deposits
$20,476Interest-bearing deposits
$25,930Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$361All other liabilities
$3,429Total equity capital
$3,429Total bank equity capital
$3,429Perpetual preferred stock
$0Common stock
$120Surplus
$1,880Undivided profits
Memoranda
$1,429Noncurrent loans and leases
$1,718Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$89Earning assets
$0Long-term assets (5+ years)
$97Average Assets, year-to-date
$26,175Average Assets, quarterly
$9,268Volatile liabilities
$30,375Insider loans
$30,075FHLB advances
$1,488Loans and leases held for sale
$577Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,718Total unused commitments
$43Restructured Loans and leases
$192Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$2,295Total interest income
$896Total interest expense
$1,399Net interest income
$41Provision for loan and lease losses
$221Total noninterest income
$0Fiduciary activities
$149Service charges on deposit accounts
$0Trading account gains & fees
$72Additional noninterest income
$1,270Total noninterest expense
$549Salaries and employee benefits
$205Premises and equipment expense
$516Additional noninterest expense
$309Pre-tax net operating income
$0Securities gains (losses)
$93Applicable income taxes
$216Income before extraordinary items
$0Extraordinary gains - net
$216Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$102Sale, conversion, retirement of capital stock, net
$45Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.34%Yield on earning assets
3.26%Cost of funding earning assets
5.08%Net interest margin
0.80%Noninterest income to earning assets
4.61%Noninterest expense to earning assets
0.71%Net operating income to assets
0.71%Return on assets (ROA)
1.02%Pretax return on assets
6.38%Return on equity (ROE)
5.05%Retained earnings to average equity (YTD only)
0.67%Net charge-offs to loans
40.20%Credit loss provision to net charge-offs
3.43%Efficiency ratio
78,395Assets per employee
1.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
20.83%Loss allowance to loans
1.59%Loss allowance to noncurrent loans
250.56%Noncurrent assets plus other real estate owned to assets
0.30%Noncurrent loans to loans
0.63%Net loans and leases to deposits
53.39%Net loans and leases to core deposits
56.64%Equity capital to assets
11.54%Core capital (leverage) ratio
11.72%Tier 1 risk-based capital ratio
23.39%Total risk-based capital ratio
Memoranda
$25Average assets
$30,375Average earning assets
$3,384Average equity
$27,526Average loans
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