FDIC Certificate #: 16283 Status: Active Federal Reserve ID: 706030 Bank Holding Company (Regulatory Top Holder): Sum Financial Corporation (RSSDID: 2742005, Location: Pearson, GA) Date Established: January 01, 1934 Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 10471 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: All Other Specialization < 1 Billion Date of Deposit Insurance: July 05, 1945 Last Structure Change Effective Date: September 11, 2007 Last Structure Change Process Date: September 11, 2007 Last Data Update: September 11, 2007 Data Source Date: April 05, 2012
Location
Address: 82 Railroad Ave. East, Pearson, GA 31642 County: Atkinson Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Albany Ga Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Core Based Statistical Area (CBSA): Douglas, GA (#20060) CBSA Micro Statistical Area: Yes
History of Changes
Change in Location
Financial Summary
Total assets: $27.3 mil Equity capital: $2.7 mil Deposits held in domestic offices: $24.5 mil Return on assets (ROA): -1.03% (-$0.3 mil) Quarterly return on assets: -2.13% (-$0.6 mil) Return on Equity (ROE): -10.05% (-$0.3 mil) Quarterly return on equity: -20.65% (-$0.6 mil) Net income: -$0.3 mil Quarterly Net income: -$0.1 mil Pretax return on assets: -1.03% (-$280.8 mil) Quarterly Pretax return on assets: -2.13% (-$580.8 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
9Total employees (full-time equivalent)
$27,266Total assets
$8,138Cash and due from depository institutions
$3,021Interest-bearing balances
$5,871Securities
$0Federal funds sold & reverse repurchase agreements
$11,619Net loans & leases
$427Loan loss allowance
$0Trading account assets
$109Bank premises and fixed assets
$1,338Other real estate owned
$0Goodwill and other intangibles
$27,266Life insurance assets
$191All other assets
$24,522Total liabilities and capital
$24,461Total liabilities
$20,612Total deposits
$24,461Interest-bearing deposits
$84Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$61Subordinated debt
$2,744All other liabilities
$2,744Total equity capital
$2,744Total bank equity capital
$0Perpetual preferred stock
$103Common stock
$2,297Surplus
$344Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,853Income earned, not collected on loans
$0Earning assets
$91Long-term assets (5+ years)
$20,511Average Assets, year-to-date
$4,846Average Assets, quarterly
$28,028Volatile liabilities
$27,426Insider loans
$12,390FHLB advances
$28,073Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$2,655Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$131Restructured Loans and leases
$978Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$925Total interest income
$165Total interest expense
$760Net interest income
$292Provision for loan and lease losses
$211Total noninterest income
$0Fiduciary activities
$129Service charges on deposit accounts
$0Trading account gains & fees
$82Additional noninterest income
$974Total noninterest expense
$394Salaries and employee benefits
$66Premises and equipment expense
$514Additional noninterest expense
-$295Pre-tax net operating income
$7Securities gains (losses)
$0Applicable income taxes
-$288Income before extraordinary items
$0Extraordinary gains - net
-$288Net income attributable to bank
$0Net charge-offs
-$288Cash dividends
$138Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.42%Yield on earning assets
0.79%Cost of funding earning assets
3.63%Net interest margin
1.01%Noninterest income to earning assets
4.65%Noninterest expense to earning assets
-1.05%Net operating income to assets
-1.03%Return on assets (ROA)
-1.03%Pretax return on assets
-10.05%Return on equity (ROE)
-10.05%Retained earnings to average equity (YTD only)
1.06%Net charge-offs to loans
211.59%Credit loss provision to net charge-offs
-0.02%Efficiency ratio
100,309Assets per employee
3.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.54%Loss allowance to noncurrent loans
23.04%Noncurrent assets plus other real estate owned to assets
11.70%Noncurrent loans to loans
15.38%Net loans and leases to deposits
47.50%Net loans and leases to core deposits
48.30%Equity capital to assets
10.06%Core capital (leverage) ratio
9.46%Tier 1 risk-based capital ratio
21.43%Total risk-based capital ratio
Memoranda
$23Average assets
$28,028Average earning assets
$2,866Average equity
$20,926Average loans
List of branches
1 Georgia Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
10471
The Citizens Exchange Bank
82 Railroad Ave. East, Pearson, GA 31642
January 01, 1934
Full Service Brick and Mortar
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