FDIC Certificate #: 158 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Farmers & Merchants Bank (#5716) Federal Reserve ID: 622439 Date Established: July 15, 1924 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 9135 FDIC's unique #: 124 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: January 01, 1934 Last Structure Change Effective Date: June 27, 2003 Last Structure Change Process Date: July 31, 2003 Last Data Update: July 31, 2003 Data Source Date: April 05, 2012
Location
Address: 202 West Washington Avenue, Nashville, GA 31639 County: Berrien 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
Financial Summary
Total assets: $86.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
30Total employees (full-time equivalent)
$83,628Total assets
$3,994Cash and due from depository institutions
$1,724Interest-bearing balances
$5,877Securities
$11,381Federal funds sold & reverse repurchase agreements
$55,934Net loans & leases
$1,438Loan loss allowance
$0Trading account assets
$2,240Bank premises and fixed assets
$1,737Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,465All other assets
$83,628Total liabilities and capital
$78,678Total liabilities
$77,081Total deposits
$66,362Interest-bearing deposits
$77,081Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,398Other borrowed funds
$0Subordinated debt
$199All other liabilities
$4,950Total equity capital
$4,950Total bank equity capital
$4,950Perpetual preferred stock
$0Common stock
$335Surplus
$4,151Undivided profits
Memoranda
$464Noncurrent loans and leases
$1,672Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,561Earning assets
$0Long-term assets (5+ years)
$869Average Assets, year-to-date
$74,916Average Assets, quarterly
$1,549Volatile liabilities
$82,120Insider loans
$82,409FHLB advances
$16,558Loans and leases held for sale
$3,476Unused loan commitments
$1,398Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,672Total unused commitments
$0Restructured Loans and leases
$694Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$4,869Total interest income
$2,103Total interest expense
$2,766Net interest income
$420Provision for loan and lease losses
$660Total noninterest income
$0Fiduciary activities
$530Service charges on deposit accounts
$0Trading account gains & fees
$130Additional noninterest income
$2,939Total noninterest expense
$1,100Salaries and employee benefits
$330Premises and equipment expense
$1,509Additional noninterest expense
$67Pre-tax net operating income
$26Securities gains (losses)
$34Applicable income taxes
$59Income before extraordinary items
$0Extraordinary gains - net
$59Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$433Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.85%Yield on earning assets
2.96%Cost of funding earning assets
3.89%Net interest margin
0.93%Noninterest income to earning assets
4.13%Noninterest expense to earning assets
0.05%Net operating income to assets
0.07%Return on assets (ROA)
0.11%Pretax return on assets
1.22%Return on equity (ROE)
1.22%Retained earnings to average equity (YTD only)
0.74%Net charge-offs to loans
97.00%Credit loss provision to net charge-offs
1.12%Efficiency ratio
85,785Assets per employee
2.79%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.51%Loss allowance to noncurrent loans
92.12%Noncurrent assets plus other real estate owned to assets
3.94%Noncurrent loans to loans
2.72%Net loans and leases to deposits
72.57%Net loans and leases to core deposits
92.36%Equity capital to assets
5.92%Core capital (leverage) ratio
4.95%Tier 1 risk-based capital ratio
7.37%Total risk-based capital ratio
Memoranda
$9Average assets
$82,120Average earning assets
$4,852Average equity
$71,122Average loans
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