FDIC Certificate #: 34059 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Synovus Bank (#873) Federal Reserve ID: 2331838 Date Established: August 31, 1995 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 9 (Interstate: No) OTS Docket #: 14294 FDIC's unique #: 56138 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: August 31, 1995 Last Structure Change Effective Date: June 30, 2010 Last Structure Change Process Date: July 06, 2010 Last Data Update: July 06, 2010 Data Source Date: April 05, 2012
Location
Address: 1715 Aaron Brenner Drive, Memphis, TN 38120 County: Shelby Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Memphis Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Memphis, TN-AR-MS (#4920) Core Based Statistical Area (CBSA): Memphis, TN-MS-AR (#32820) CBSA Metro Statistical Area: Memphis, TN-MS-AR (#32820)
Financial Summary
Total assets: $359.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
69Total employees (full-time equivalent)
$374,412Total assets
$5,518Cash and due from depository institutions
$414Interest-bearing balances
$32,129Securities
$46,498Federal funds sold & reverse repurchase agreements
$254,407Net loans & leases
$7,400Loan loss allowance
$0Trading account assets
$10,260Bank premises and fixed assets
$496Other real estate owned
$3,013Goodwill and other intangibles
$10,929Life insurance assets
$22,091All other assets
$374,411Total liabilities and capital
$332,460Total liabilities
$301,824Total deposits
$274,749Interest-bearing deposits
$301,824Deposits held in domestic offices
87.40%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$28,286Other borrowed funds
$0Subordinated debt
$2,350All other liabilities
$41,951Total equity capital
$41,951Total bank equity capital
$41,951Perpetual preferred stock
$0Common stock
$12,527Surplus
$122,768Undivided profits
Memoranda
$-93,344Noncurrent loans and leases
$42,760Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$8,954Earning assets
$161Long-term assets (5+ years)
$1,444Average Assets, year-to-date
$333,448Average Assets, quarterly
$55,722Volatile liabilities
$418,128Insider loans
$396,830FHLB advances
$93,063Loans and leases held for sale
$0Unused loan commitments
$22,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$42,760Total unused commitments
$5,962Restructured Loans and leases
$3,503Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$19,091Total interest income
$6,479Total interest expense
$12,612Net interest income
$12,399Provision for loan and lease losses
$852Total noninterest income
$0Fiduciary activities
$820Service charges on deposit accounts
$0Trading account gains & fees
$32Additional noninterest income
$12,948Total noninterest expense
$5,968Salaries and employee benefits
$1,794Premises and equipment expense
$5,186Additional noninterest expense
-$11,883Pre-tax net operating income
$0Securities gains (losses)
-$1,334Applicable income taxes
-$10,549Income before extraordinary items
$1Extraordinary gains - net
-$10,548Net income attributable to bank
$0Net charge-offs
-$10,548Cash dividends
$11,766Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.08%Yield on earning assets
1.72%Cost of funding earning assets
3.36%Net interest margin
0.23%Noninterest income to earning assets
3.45%Noninterest expense to earning assets
-2.52%Net operating income to assets
-2.52%Return on assets (ROA)
-2.84%Pretax return on assets
-24.67%Return on equity (ROE)
-24.67%Retained earnings to average equity (YTD only)
3.70%Net charge-offs to loans
105.38%Credit loss provision to net charge-offs
0.04%Efficiency ratio
91,585Assets per employee
5.43%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.83%Loss allowance to noncurrent loans
82.64%Noncurrent assets plus other real estate owned to assets
2.52%Noncurrent loans to loans
3.42%Net loans and leases to deposits
84.29%Net loans and leases to core deposits
121.65%Equity capital to assets
11.20%Core capital (leverage) ratio
9.88%Tier 1 risk-based capital ratio
14.04%Total risk-based capital ratio
Memoranda
$15Average assets
$418,128Average earning assets
$42,754Average equity
$375,651Average loans
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