FDIC Certificate #: 22286 Status: Inactive Closing history: Corrections Acquiring institution:Ameris Bank (#20504) Federal Reserve ID: 489735 Date Established: September 12, 1932 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 15497 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: June 14, 1976 Last Structure Change Effective Date: November 06, 2009 Last Structure Change Process Date: November 09, 2009 Last Data Update: November 09, 2009 Data Source Date: April 05, 2012
Location
Address: 9031 East Broad Street, Sparta, GA 31087 County: Hancock 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 Core Based Statistical Area (CBSA): Milledgeville, GA (#33300) CBSA Micro Statistical Area: Yes
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $153.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
22Total employees (full-time equivalent)
$153,718Total assets
$3,282Cash and due from depository institutions
$641Interest-bearing balances
$9,187Securities
$7,580Federal funds sold & reverse repurchase agreements
$118,887Net loans & leases
$1,073Loan loss allowance
$0Trading account assets
$3,403Bank premises and fixed assets
$9,089Other real estate owned
$0Goodwill and other intangibles
$752Life insurance assets
$2,290All other assets
$153,718Total liabilities and capital
$144,584Total liabilities
$137,582Total deposits
$128,202Interest-bearing deposits
$137,582Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,500Other borrowed funds
$0Subordinated debt
$502All other liabilities
$9,134Total equity capital
$9,134Total bank equity capital
$9,134Perpetual preferred stock
$0Common stock
$70Surplus
$7,330Undivided profits
Memoranda
$1,734Noncurrent loans and leases
$6,466Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$8,987Earning assets
$0Long-term assets (5+ years)
$869Average Assets, year-to-date
$136,295Average Assets, quarterly
$11,148Volatile liabilities
$147,131Insider loans
$155,313FHLB advances
$37,184Loans and leases held for sale
$456Unused loan commitments
$6,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,466Total unused commitments
$0Restructured Loans and leases
$1,073Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$9,056Total interest income
$5,694Total interest expense
$3,362Net interest income
$583Provision for loan and lease losses
$467Total noninterest income
$0Fiduciary activities
$346Service charges on deposit accounts
$0Trading account gains & fees
$121Additional noninterest income
$3,957Total noninterest expense
$1,361Salaries and employee benefits
$776Premises and equipment expense
$1,820Additional noninterest expense
-$711Pre-tax net operating income
-$19Securities gains (losses)
$0Applicable income taxes
-$730Income before extraordinary items
$0Extraordinary gains - net
-$730Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,626Sale, conversion, retirement of capital stock, net
$1,156Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.67%Yield on earning assets
4.20%Cost of funding earning assets
2.48%Net interest margin
0.34%Noninterest income to earning assets
2.92%Noninterest expense to earning assets
-0.48%Net operating income to assets
-0.50%Return on assets (ROA)
-0.50%Pretax return on assets
-7.57%Return on equity (ROE)
-19.57%Retained earnings to average equity (YTD only)
1.32%Net charge-offs to loans
35.85%Credit loss provision to net charge-offs
-0.08%Efficiency ratio
103,343Assets per employee
6.99%Cash dividends to net income (YTD only)
Condition Ratios (%)
-158.36%Loss allowance to loans
0.89%Loss allowance to noncurrent loans
11.94%Noncurrent assets plus other real estate owned to assets
11.76%Noncurrent loans to loans
7.49%Net loans and leases to deposits
86.41%Net loans and leases to core deposits
112.80%Equity capital to assets
5.94%Core capital (leverage) ratio
6.14%Tier 1 risk-based capital ratio
7.55%Total risk-based capital ratio
Memoranda
$8Average assets
$147,131Average earning assets
$9,637Average equity
$135,675Average loans
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