FDIC Certificate #: 26966 Status: Inactive Closing history: Office Sold Acquiring institution:Merchants and Farmers Bank (#9361) Federal Reserve ID: 191832 Date Established: May 22, 1987 WWW:http://www.amerisbank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 14085 FDIC's unique #: 36380 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: May 22, 1987 Last Structure Change Effective Date: November 20, 2006 Last Structure Change Process Date: January 11, 2007 Last Data Update: January 11, 2007 Data Source Date: April 05, 2012
Location
Address: 530 East Wade Street, Trenton, FL 32693 County: Gilchrist Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Gainesville Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Core Based Statistical Area (CBSA): Gainesville, FL (#23540) CBSA Metro Statistical Area: Gainesville, FL (#23540)
History of Changes
Merger - Without Assistance
Office Sold
Financial Summary
Total assets: $100.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
19Total employees (full-time equivalent)
$72,219Total assets
$2,621Cash and due from depository institutions
$559Interest-bearing balances
$12,271Securities
$4,327Federal funds sold & reverse repurchase agreements
$48,661Net loans & leases
$691Loan loss allowance
$0Trading account assets
$1,883Bank premises and fixed assets
$28Other real estate owned
$1,444Goodwill and other intangibles
$0Life insurance assets
$984All other assets
$72,219Total liabilities and capital
$63,924Total liabilities
$63,175Total deposits
$54,333Interest-bearing deposits
$63,175Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$749All other liabilities
$8,295Total equity capital
$8,295Total bank equity capital
$8,295Perpetual preferred stock
$0Common stock
$3,167Surplus
$4,341Undivided profits
Memoranda
$787Noncurrent loans and leases
$5,791Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$167Earning assets
$0Long-term assets (5+ years)
$500Average Assets, year-to-date
$65,818Average Assets, quarterly
$20,236Volatile liabilities
$69,056Insider loans
$72,639FHLB advances
$14,670Loans and leases held for sale
$2,051Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,791Total unused commitments
$0Restructured Loans and leases
$622Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$4,160Total interest income
$1,046Total interest expense
$3,114Net interest income
$123Provision for loan and lease losses
$646Total noninterest income
$0Fiduciary activities
$608Service charges on deposit accounts
$0Trading account gains & fees
$38Additional noninterest income
$2,160Total noninterest expense
$875Salaries and employee benefits
$221Premises and equipment expense
$1,064Additional noninterest expense
$1,477Pre-tax net operating income
-$78Securities gains (losses)
$483Applicable income taxes
$916Income before extraordinary items
$0Extraordinary gains - net
$916Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$21Sale, conversion, retirement of capital stock, net
$1,000Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.58%Yield on earning assets
1.65%Cost of funding earning assets
4.93%Net interest margin
1.02%Noninterest income to earning assets
3.42%Noninterest expense to earning assets
1.40%Net operating income to assets
1.33%Return on assets (ROA)
2.03%Pretax return on assets
10.57%Return on equity (ROE)
-0.97%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
585.71%Credit loss provision to net charge-offs
76.19%Efficiency ratio
53,963Assets per employee
3.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
109.17%Loss allowance to loans
1.40%Loss allowance to noncurrent loans
413.77%Noncurrent assets plus other real estate owned to assets
0.27%Noncurrent loans to loans
0.34%Net loans and leases to deposits
77.03%Net loans and leases to core deposits
100.32%Equity capital to assets
11.49%Core capital (leverage) ratio
9.90%Tier 1 risk-based capital ratio
13.98%Total risk-based capital ratio
Memoranda
$15Average assets
$69,056Average earning assets
$8,668Average equity
$63,207Average loans
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