FDIC Certificate #: 15769 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Glennville Bank (#9244) Federal Reserve ID: 576037 Bank Holding Company (Regulatory Top Holder): Gb Bank Group, Inc. (RSSDID: 3348897, Location: Glennville, GA) Date Established: June 12, 1939 WWW:http://www.tippinsbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Domestic: 2, Interstate: No) OTS Docket #: 15992 FDIC's unique #: 10016 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: September 03, 1940 Last Structure Change Effective Date: January 01, 2012 Last Structure Change Process Date: March 28, 2012 Last Data Update: March 28, 2012 Data Source Date: April 05, 2012
Location
Address: 101 North Duval Street, Claxton, GA 30417 County: Evans 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: $60.1 mil Equity capital: $6.9 mil Deposits held in domestic offices: $52.9 mil Return on assets (ROA): -0.01% (-$0.0 mil) Quarterly return on assets: -2.79% (-$1.7 mil) Return on Equity (ROE): -0.09% (-$0.0 mil) Quarterly return on equity: -22.62% (-$1.6 mil) Net income: -$0.0 mil Quarterly Net income: -$0.4 mil Pretax return on assets: 0.41% ($246.3 mil) Quarterly Pretax return on assets: -2.50% (-$1,502.1 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
18Total employees (full-time equivalent)
$60,082Total assets
$5,855Cash and due from depository institutions
$4,491Interest-bearing balances
$20,826Securities
$0Federal funds sold & reverse repurchase agreements
$30,479Net loans & leases
$580Loan loss allowance
$0Trading account assets
$314Bank premises and fixed assets
$400Other real estate owned
$898Goodwill and other intangibles
$60,082Life insurance assets
$1,310All other assets
$53,158Total liabilities and capital
$52,857Total liabilities
$43,626Total deposits
$52,857Interest-bearing deposits
$88Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$301Subordinated debt
$6,924All other liabilities
$6,924Total equity capital
$6,924Total bank equity capital
$0Perpetual preferred stock
$77Common stock
$5,591Surplus
$1,256Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$414Income earned, not collected on loans
$0Earning assets
$400Long-term assets (5+ years)
$55,796Average Assets, year-to-date
$13,106Average Assets, quarterly
$63,411Volatile liabilities
$61,543Insider loans
$33,668FHLB advances
$60,185Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$5,967Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,356Restructured Loans and leases
$1,877Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,840Total interest income
$512Total interest expense
$2,328Net interest income
$112Provision for loan and lease losses
$391Total noninterest income
$0Fiduciary activities
$267Service charges on deposit accounts
$0Trading account gains & fees
$124Additional noninterest income
$2,349Total noninterest expense
$885Salaries and employee benefits
$288Premises and equipment expense
$1,176Additional noninterest expense
$258Pre-tax net operating income
$0Securities gains (losses)
$265Applicable income taxes
-$7Income before extraordinary items
$0Extraordinary gains - net
-$7Net income attributable to bank
$0Net charge-offs
-$7Cash dividends
$367Sale, conversion, retirement of capital stock, net
$988Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.81%Yield on earning assets
0.87%Cost of funding earning assets
3.94%Net interest margin
0.66%Noninterest income to earning assets
3.98%Noninterest expense to earning assets
-0.01%Net operating income to assets
-0.01%Return on assets (ROA)
0.41%Pretax return on assets
-0.09%Return on equity (ROE)
-12.71%Retained earnings to average equity (YTD only)
1.11%Net charge-offs to loans
30.52%Credit loss provision to net charge-offs
1.01%Efficiency ratio
66,238Assets per employee
3.34%Cash dividends to net income (YTD only)
Condition Ratios (%)
-14114.29%Loss allowance to loans
1.87%Loss allowance to noncurrent loans
140.10%Noncurrent assets plus other real estate owned to assets
1.35%Noncurrent loans to loans
1.33%Net loans and leases to deposits
57.66%Net loans and leases to core deposits
60.34%Equity capital to assets
11.52%Core capital (leverage) ratio
9.91%Tier 1 risk-based capital ratio
17.72%Total risk-based capital ratio
Memoranda
$19Average assets
$63,411Average earning assets
$7,828Average equity
$59,058Average loans
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