FDIC Certificate #: 33904 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Morris Bank (#17910) Federal Reserve ID: 219138 Date Established: April 29, 1994 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 11984 FDIC's unique #: 54760 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: April 29, 1994 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: 280 Milledgeville Highway, Gordon, GA 31031 County: Wilkinson Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Savannah Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast
Financial Summary
Total assets: $29.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
12Total employees (full-time equivalent)
$30,620Total assets
$6,076Cash and due from depository institutions
$5,486Interest-bearing balances
$3,231Securities
$0Federal funds sold & reverse repurchase agreements
$16,142Net loans & leases
$903Loan loss allowance
$0Trading account assets
$637Bank premises and fixed assets
$3,456Other real estate owned
$350Goodwill and other intangibles
$0Life insurance assets
$728All other assets
$30,620Total liabilities and capital
$28,652Total liabilities
$26,577Total deposits
$20,447Interest-bearing deposits
$26,577Deposits held in domestic offices
95.70%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,000Other borrowed funds
$0Subordinated debt
$75All other liabilities
$1,968Total equity capital
$1,968Total bank equity capital
$1,968Perpetual preferred stock
$0Common stock
$1,381Surplus
$2,677Undivided profits
Memoranda
$-2,090Noncurrent loans and leases
$557Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$5,670Earning assets
$0Long-term assets (5+ years)
$63Average Assets, year-to-date
$24,859Average Assets, quarterly
$1,118Volatile liabilities
$33,993Insider loans
$32,295FHLB advances
$4,858Loans and leases held for sale
$663Unused loan commitments
$2,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$557Total unused commitments
$0Restructured Loans and leases
$237Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$1,046Total interest income
$475Total interest expense
$571Net interest income
$336Provision for loan and lease losses
-$42Total noninterest income
$0Fiduciary activities
$301Service charges on deposit accounts
$0Trading account gains & fees
-$343Additional noninterest income
$1,683Total noninterest expense
$620Salaries and employee benefits
$213Premises and equipment expense
$850Additional noninterest expense
-$1,490Pre-tax net operating income
$96Securities gains (losses)
-$203Applicable income taxes
-$1,191Income before extraordinary items
$0Extraordinary gains - net
-$1,191Net income attributable to bank
$0Net charge-offs
-$1,191Cash dividends
$1,318Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.55%Yield on earning assets
1.61%Cost of funding earning assets
1.94%Net interest margin
-0.14%Noninterest income to earning assets
5.71%Noninterest expense to earning assets
-3.74%Net operating income to assets
-3.50%Return on assets (ROA)
-4.10%Pretax return on assets
-44.38%Return on equity (ROE)
-44.38%Retained earnings to average equity (YTD only)
6.38%Net charge-offs to loans
25.49%Credit loss provision to net charge-offs
-0.88%Efficiency ratio
318,147Assets per employee
2.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
5.30%Loss allowance to noncurrent loans
15.93%Noncurrent assets plus other real estate owned to assets
29.80%Noncurrent loans to loans
33.26%Net loans and leases to deposits
60.74%Net loans and leases to core deposits
68.06%Equity capital to assets
6.43%Core capital (leverage) ratio
5.32%Tier 1 risk-based capital ratio
8.83%Total risk-based capital ratio
Memoranda
$10Average assets
$33,993Average earning assets
$2,684Average equity
$29,471Average loans
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