FDIC Certificate #: 19252 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Hamilton State Bank (#57810) Federal Reserve ID: 151331 Bank Holding Company (Regulatory Top Holder): Henry County Bancshares, Inc. (RSSDID: 1084623, Location: Stockbridge, GA) Date Established: October 08, 1964 WWW:http://www.firststateonline.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 7 (Domestic: 7, Interstate: No) OTS Docket #: 13820 FDIC's unique #: 13067 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: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: October 08, 1964 Last Structure Change Effective Date: January 20, 2012 Last Structure Change Process Date: January 23, 2012 Last Data Update: January 23, 2012 Data Source Date: April 05, 2012
Location
Address: 4806 North Henry Boulevard, Stockbridge, GA 30281 County: Henry 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 Metropolitan Statistical Area (MSA): Atlanta, GA (#520) 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: $516.8 mil Equity capital: $4.9 mil Deposits held in domestic offices: $509.1 mil Return on assets (ROA): -2.12% (-$11.0 mil) Quarterly return on assets: -0.74% (-$3.8 mil) Return on Equity (ROE): -102.51% (-$5.1 mil) Quarterly return on equity: -72.51% (-$3.6 mil) Net income: -$11.7 mil Quarterly Net income: -$1.0 mil Pretax return on assets: -2.12% (-$10,955.3 mil) Quarterly Pretax return on assets: -0.74% (-$3,824.0 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
106Total employees (full-time equivalent)
$516,760Total assets
$33,240Cash and due from depository institutions
$24,094Interest-bearing balances
$60,684Securities
$0Federal funds sold & reverse repurchase agreements
$331,340Net loans & leases
$12,794Loan loss allowance
$0Trading account assets
$8,210Bank premises and fixed assets
$78,183Other real estate owned
$0Goodwill and other intangibles
$516,760Life insurance assets
$5,103All other assets
$511,861Total liabilities and capital
$509,065Total liabilities
$496,820Total deposits
$509,065Interest-bearing deposits
$96Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$2,796Subordinated debt
$4,899All other liabilities
$4,899Total equity capital
$4,899Total bank equity capital
$0Perpetual preferred stock
$530Common stock
$47,470Surplus
$-43,101Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$91,079Income earned, not collected on loans
$0Earning assets
$1,883Long-term assets (5+ years)
$416,118Average Assets, year-to-date
$59,399Average Assets, quarterly
$551,284Volatile liabilities
$526,848Insider loans
$445,427FHLB advances
$558,647Loans and leases held for sale
$173Unused loan commitments
$173Tier 1 (core) risk-based capital
$3,356Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$17,401Restructured Loans and leases
$134Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$17,340Total interest income
$7,803Total interest expense
$9,537Net interest income
$9,955Provision for loan and lease losses
$929Total noninterest income
$0Fiduciary activities
$1,682Service charges on deposit accounts
$0Trading account gains & fees
-$753Additional noninterest income
$13,650Total noninterest expense
$5,379Salaries and employee benefits
$1,441Premises and equipment expense
$6,830Additional noninterest expense
-$13,139Pre-tax net operating income
$1,474Securities gains (losses)
$0Applicable income taxes
-$11,665Income before extraordinary items
$0Extraordinary gains - net
-$11,665Net income attributable to bank
$0Net charge-offs
-$11,665Cash dividends
$7,985Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.87%Yield on earning assets
1.74%Cost of funding earning assets
2.13%Net interest margin
0.21%Noninterest income to earning assets
3.05%Noninterest expense to earning assets
-2.38%Net operating income to assets
-2.12%Return on assets (ROA)
-2.12%Pretax return on assets
-102.51%Return on equity (ROE)
-102.51%Retained earnings to average equity (YTD only)
2.20%Net charge-offs to loans
124.67%Credit loss provision to net charge-offs
-0.40%Efficiency ratio
130,422Assets per employee
4.88%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.72%Loss allowance to noncurrent loans
14.05%Noncurrent assets plus other real estate owned to assets
32.75%Noncurrent loans to loans
26.47%Net loans and leases to deposits
65.09%Net loans and leases to core deposits
69.18%Equity capital to assets
0.95%Core capital (leverage) ratio
0.60%Tier 1 risk-based capital ratio
0.75%Total risk-based capital ratio
Memoranda
$2Average assets
$551,284Average earning assets
$11,380Average equity
$448,244Average loans
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