FDIC Certificate #: 34678 Status: Inactive Closing history: Corrections Acquiring institution:Bank of the Ozarks (#110) Federal Reserve ID: 2683555 Date Established: November 30, 1998 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 5 (Interstate: No) FDIC's unique #: 61189 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: November 30, 1998 Last Structure Change Effective Date: March 26, 2010 Last Structure Change Process Date: March 29, 2010 Last Data Update: March 29, 2010 Data Source Date: April 05, 2012
Location
Address: 950 Joe Frank Harris Parkway, S.E., Cartersville, GA 30121 County: Bartow Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Atlanta Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Atlanta, GA (#520) Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122) Core Based Statistical Area (CBSA): Atlanta-Sandy Springs-Marietta, GA (#12060) CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $300.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
69Total employees (full-time equivalent)
$300,590Total assets
$46,867Cash and due from depository institutions
$41,592Interest-bearing balances
$14,575Securities
$3,525Federal funds sold & reverse repurchase agreements
$192,835Net loans & leases
$8,433Loan loss allowance
$0Trading account assets
$10,538Bank premises and fixed assets
$18,758Other real estate owned
$0Goodwill and other intangibles
$6,397Life insurance assets
$13,492All other assets
$300,590Total liabilities and capital
$291,540Total liabilities
$264,286Total deposits
$250,491Interest-bearing deposits
$264,286Deposits held in domestic offices
88.30%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$26,000Other borrowed funds
$0Subordinated debt
$1,254All other liabilities
$9,050Total equity capital
$9,050Total bank equity capital
$9,050Perpetual preferred stock
$0Common stock
$3,965Surplus
$12,120Undivided profits
Memoranda
$-7,035Noncurrent loans and leases
$9,312Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$24,279Earning assets
$0Long-term assets (5+ years)
$1,062Average Assets, year-to-date
$252,527Average Assets, quarterly
$8,286Volatile liabilities
$301,979Insider loans
$299,230FHLB advances
$67,952Loans and leases held for sale
$256Unused loan commitments
$26,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,312Total unused commitments
$1,130Restructured Loans and leases
$2,874Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$14,370Total interest income
$7,882Total interest expense
$6,488Net interest income
$13,296Provision for loan and lease losses
$516Total noninterest income
$0Fiduciary activities
$887Service charges on deposit accounts
$0Trading account gains & fees
-$371Additional noninterest income
$10,520Total noninterest expense
$3,860Salaries and employee benefits
$1,104Premises and equipment expense
$5,556Additional noninterest expense
-$16,812Pre-tax net operating income
-$123Securities gains (losses)
-$1,189Applicable income taxes
-$15,746Income before extraordinary items
$0Extraordinary gains - net
-$15,746Net income attributable to bank
$0Net charge-offs
-$15,746Cash dividends
$10,251Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.65%Yield on earning assets
3.10%Cost of funding earning assets
2.55%Net interest margin
0.20%Noninterest income to earning assets
4.14%Noninterest expense to earning assets
-5.18%Net operating income to assets
-5.21%Return on assets (ROA)
-5.61%Pretax return on assets
-96.17%Return on equity (ROE)
-96.17%Retained earnings to average equity (YTD only)
4.59%Net charge-offs to loans
129.70%Credit loss provision to net charge-offs
-0.34%Efficiency ratio
150,200Assets per employee
4.36%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.19%Loss allowance to noncurrent loans
34.73%Noncurrent assets plus other real estate owned to assets
14.32%Noncurrent loans to loans
12.06%Net loans and leases to deposits
72.96%Net loans and leases to core deposits
95.31%Equity capital to assets
3.01%Core capital (leverage) ratio
2.98%Tier 1 risk-based capital ratio
3.98%Total risk-based capital ratio
Memoranda
$5Average assets
$301,979Average earning assets
$16,374Average equity
$254,291Average loans
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