FDIC Certificate #: 30694 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Flag Bank (#29927) Federal Reserve ID: 486574 Date Established: January 01, 1929 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 5759 FDIC's unique #: 43528 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: August 09, 1954 Last Structure Change Effective Date: December 30, 2000 Last Structure Change Process Date: January 12, 2001 Last Data Update: January 12, 2001 Data Source Date: April 05, 2012
Location
Address: 206 North Church Street, Thomaston, GA 30286 County: Upson 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): Thomaston, GA (#45580) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $58.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
25Total employees (full-time equivalent)
$53,553Total assets
$3,518Cash and due from depository institutions
$2,518Interest-bearing balances
$12,424Securities
$0Federal funds sold & reverse repurchase agreements
$33,795Net loans & leases
$363Loan loss allowance
$0Trading account assets
$2,496Bank premises and fixed assets
$78Other real estate owned
$360Goodwill and other intangibles
$0Life insurance assets
$882All other assets
$53,553Total liabilities and capital
$49,417Total liabilities
$47,889Total deposits
$46,672Interest-bearing deposits
$47,889Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,500Other borrowed funds
$0Subordinated debt
$28All other liabilities
$4,136Total equity capital
$4,136Total bank equity capital
$4,136Perpetual preferred stock
$0Common stock
$595Surplus
$251Undivided profits
Memoranda
$3,290Noncurrent loans and leases
$4,185Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$246Earning assets
$0Long-term assets (5+ years)
$200Average Assets, year-to-date
$48,737Average Assets, quarterly
$0Volatile liabilities
$54,537Insider loans
$54,887FHLB advances
$8,919Loans and leases held for sale
$0Unused loan commitments
$1,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,185Total unused commitments
$279Restructured Loans and leases
$363Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$3,770Total interest income
$2,089Total interest expense
$1,681Net interest income
$0Provision for loan and lease losses
$456Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$456Additional noninterest income
$2,854Total noninterest expense
$1,560Salaries and employee benefits
$619Premises and equipment expense
$675Additional noninterest expense
-$717Pre-tax net operating income
$1,018Securities gains (losses)
$193Applicable income taxes
$108Income before extraordinary items
$0Extraordinary gains - net
$108Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$1,578Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.55%Yield on earning assets
4.18%Cost of funding earning assets
3.37%Net interest margin
0.91%Noninterest income to earning assets
5.72%Noninterest expense to earning assets
-1.00%Net operating income to assets
0.20%Return on assets (ROA)
0.55%Pretax return on assets
2.02%Return on equity (ROE)
-27.53%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
133,552Assets per employee
2.14%Cash dividends to net income (YTD only)
Condition Ratios (%)
1461.11%Loss allowance to loans
1.06%Loss allowance to noncurrent loans
147.56%Noncurrent assets plus other real estate owned to assets
0.61%Noncurrent loans to loans
0.72%Net loans and leases to deposits
70.57%Net loans and leases to core deposits
83.51%Equity capital to assets
7.72%Core capital (leverage) ratio
7.63%Tier 1 risk-based capital ratio
13.58%Total risk-based capital ratio
Memoranda
$15Average assets
$54,537Average earning assets
$5,339Average equity
$49,934Average loans
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