FDIC Certificate #: 2119 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:United Bank (#172) Federal Reserve ID: 1009831 Date Established: April 02, 1902 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) FDIC's unique #: 1395 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: October 22, 2010 Last Structure Change Process Date: October 25, 2010 Last Data Update: October 25, 2010 Data Source Date: April 05, 2012
Location
Address: 315 Thomaston Street, Barnesville, GA 30204 County: Lamar 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): Atlanta-Sandy Springs-Marietta, GA (#12060) CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
Financial Summary
Total assets: $126.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
36Total employees (full-time equivalent)
$137,590Total assets
$2,583Cash and due from depository institutions
$186Interest-bearing balances
$13,582Securities
$2,500Federal funds sold & reverse repurchase agreements
$103,928Net loans & leases
$3,362Loan loss allowance
$0Trading account assets
$2,766Bank premises and fixed assets
$8,283Other real estate owned
$0Goodwill and other intangibles
$57Life insurance assets
$3,948All other assets
$137,590Total liabilities and capital
$127,919Total liabilities
$123,491Total deposits
$114,499Interest-bearing deposits
$123,491Deposits held in domestic offices
87.07%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,750Other borrowed funds
$0Subordinated debt
$678All other liabilities
$9,671Total equity capital
$9,671Total bank equity capital
$9,671Perpetual preferred stock
$0Common stock
$720Surplus
$1,224Undivided profits
Memoranda
$7,727Noncurrent loans and leases
$3,189Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$11,162Earning assets
$0Long-term assets (5+ years)
$822Average Assets, year-to-date
$120,196Average Assets, quarterly
$12,665Volatile liabilities
$142,773Insider loans
$140,851FHLB advances
$57,447Loans and leases held for sale
$1,822Unused loan commitments
$3,750Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,189Total unused commitments
$0Restructured Loans and leases
$1,436Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$7,691Total interest income
$3,234Total interest expense
$4,457Net interest income
$3,928Provision for loan and lease losses
-$736Total noninterest income
$0Fiduciary activities
$766Service charges on deposit accounts
$0Trading account gains & fees
-$1,502Additional noninterest income
$4,070Total noninterest expense
$1,901Salaries and employee benefits
$492Premises and equipment expense
$1,677Additional noninterest expense
-$4,277Pre-tax net operating income
$75Securities gains (losses)
-$1,457Applicable income taxes
-$2,745Income before extraordinary items
$0Extraordinary gains - net
-$2,745Net income attributable to bank
$0Net charge-offs
-$2,745Cash dividends
$2,500Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.01%Yield on earning assets
2.53%Cost of funding earning assets
3.49%Net interest margin
-0.58%Noninterest income to earning assets
3.18%Noninterest expense to earning assets
-1.96%Net operating income to assets
-1.92%Return on assets (ROA)
-2.94%Pretax return on assets
-24.85%Return on equity (ROE)
-24.85%Retained earnings to average equity (YTD only)
2.18%Net charge-offs to loans
157.12%Credit loss provision to net charge-offs
-0.14%Efficiency ratio
109,379Assets per employee
3.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.13%Loss allowance to noncurrent loans
30.12%Noncurrent assets plus other real estate owned to assets
14.13%Noncurrent loans to loans
10.40%Net loans and leases to deposits
84.16%Net loans and leases to core deposits
149.98%Equity capital to assets
7.03%Core capital (leverage) ratio
6.77%Tier 1 risk-based capital ratio
8.57%Total risk-based capital ratio
Memoranda
$10Average assets
$142,773Average earning assets
$11,048Average equity
$127,870Average loans
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