FDIC Certificate #: 57831 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Ameris Bank (#20504) Federal Reserve ID: 3298769 Date Established: October 12, 2004 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 427064 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: October 12, 2004 Last Structure Change Effective Date: November 12, 2010 Last Structure Change Process Date: November 15, 2010 Last Data Update: November 15, 2010 Data Source Date: April 05, 2012
Location
Address: 729 West Second Street, Tifton, GA 31794 County: Tift 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 Core Based Statistical Area (CBSA): Tifton, GA (#45700) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $143.7 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
16Total employees (full-time equivalent)
$191,870Total assets
$39,088Cash and due from depository institutions
$0Interest-bearing balances
$7,040Securities
$0Federal funds sold & reverse repurchase agreements
$136,986Net loans & leases
$5,766Loan loss allowance
$0Trading account assets
$1,977Bank premises and fixed assets
$535Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$6,244All other assets
$191,870Total liabilities and capital
$178,989Total liabilities
$164,289Total deposits
$150,645Interest-bearing deposits
$164,289Deposits held in domestic offices
93.74%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$14,615Other borrowed funds
$0Subordinated debt
$85All other liabilities
$12,881Total equity capital
$12,881Total bank equity capital
$12,881Perpetual preferred stock
$3,800Common stock
$5,031Surplus
$5,198Undivided profits
Memoranda
$-1,148Noncurrent loans and leases
$7,468Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$12,545Earning assets
$0Long-term assets (5+ years)
$1,780Average Assets, year-to-date
$144,026Average Assets, quarterly
$4,574Volatile liabilities
$171,221Insider loans
$186,989FHLB advances
$42,040Loans and leases held for sale
$13,789Unused loan commitments
$14,615Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,468Total unused commitments
$0Restructured Loans and leases
$1,844Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$7,722Total interest income
$3,380Total interest expense
$4,342Net interest income
$7,296Provision for loan and lease losses
$547Total noninterest income
$0Fiduciary activities
$507Service charges on deposit accounts
$0Trading account gains & fees
$40Additional noninterest income
$2,990Total noninterest expense
$1,243Salaries and employee benefits
$242Premises and equipment expense
$1,505Additional noninterest expense
-$5,397Pre-tax net operating income
$0Securities gains (losses)
-$2,048Applicable income taxes
-$3,349Income before extraordinary items
$0Extraordinary gains - net
-$3,349Net income attributable to bank
$0Net charge-offs
-$3,349Cash dividends
$3,448Sale, conversion, retirement of capital stock, net
$137Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.37%Yield on earning assets
2.35%Cost of funding earning assets
3.02%Net interest margin
0.38%Noninterest income to earning assets
2.08%Noninterest expense to earning assets
-1.96%Net operating income to assets
-1.96%Return on assets (ROA)
-3.15%Pretax return on assets
-24.72%Return on equity (ROE)
-25.73%Retained earnings to average equity (YTD only)
2.44%Net charge-offs to loans
211.60%Credit loss provision to net charge-offs
0.55%Efficiency ratio
61,158Assets per employee
11.99%Cash dividends to net income (YTD only)
Condition Ratios (%)
-4.09%Loss allowance to loans
4.04%Loss allowance to noncurrent loans
45.96%Noncurrent assets plus other real estate owned to assets
6.82%Noncurrent loans to loans
8.79%Net loans and leases to deposits
83.38%Net loans and leases to core deposits
100.09%Equity capital to assets
6.71%Core capital (leverage) ratio
6.84%Tier 1 risk-based capital ratio
8.93%Total risk-based capital ratio
Memoranda
$10Average assets
$171,221Average earning assets
$13,549Average equity
$143,867Average loans
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