FDIC Certificate #: 33027 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Regions Bank (#12368) Federal Reserve ID: 1464131 Date Established: August 06, 1990 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 12370 FDIC's unique #: 46235 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: August 06, 1990 Last Structure Change Effective Date: March 26, 1999 Last Structure Change Process Date: May 06, 1999 Last Data Update: May 06, 1999 Data Source Date: April 05, 2012
Location
Address: 2611 North Patterson Street, Valdosta, GA 31602 County: Lowndes Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Albany Ga Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Core Based Statistical Area (CBSA): Valdosta, GA (#46660) CBSA Metro Statistical Area: Valdosta, GA (#46660)
Financial Summary
Total assets: $76.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
21Total employees (full-time equivalent)
$76,197Total assets
$3,549Cash and due from depository institutions
$400Interest-bearing balances
$7,605Securities
$9,280Federal funds sold & reverse repurchase agreements
$52,144Net loans & leases
$770Loan loss allowance
$0Trading account assets
$1,817Bank premises and fixed assets
$131Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,671All other assets
$76,197Total liabilities and capital
$68,848Total liabilities
$63,051Total deposits
$56,939Interest-bearing deposits
$63,051Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,000Other borrowed funds
$0Subordinated debt
$797All other liabilities
$7,349Total equity capital
$7,349Total bank equity capital
$7,349Perpetual preferred stock
$0Common stock
$2,762Surplus
$2,764Undivided profits
Memoranda
$1,823Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$104Earning assets
$0Long-term assets (5+ years)
$408Average Assets, year-to-date
$69,429Average Assets, quarterly
$25,065Volatile liabilities
$74,109Insider loans
$75,192FHLB advances
$11,581Loans and leases held for sale
$2,762Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,064Total unused commitments
$0Restructured Loans and leases
$49,840Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$5,840Total interest income
$3,273Total interest expense
$2,567Net interest income
$366Provision for loan and lease losses
$380Total noninterest income
$0Fiduciary activities
$143Service charges on deposit accounts
$0Trading account gains & fees
$237Additional noninterest income
$1,922Total noninterest expense
$869Salaries and employee benefits
$328Premises and equipment expense
$725Additional noninterest expense
$659Pre-tax net operating income
$4Securities gains (losses)
$219Applicable income taxes
$444Income before extraordinary items
$0Extraordinary gains - net
$444Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$139Sale, conversion, retirement of capital stock, net
$219Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.51%Yield on earning assets
4.77%Cost of funding earning assets
3.74%Net interest margin
0.55%Noninterest income to earning assets
2.80%Noninterest expense to earning assets
0.60%Net operating income to assets
0.60%Return on assets (ROA)
0.89%Pretax return on assets
6.13%Return on equity (ROE)
3.11%Retained earnings to average equity (YTD only)
0.28%Net charge-offs to loans
263.31%Credit loss provision to net charge-offs
7.37%Efficiency ratio
65,219Assets per employee
3.63%Cash dividends to net income (YTD only)
Condition Ratios (%)
49.32%Loss allowance to loans
1.46%Loss allowance to noncurrent loans
740.38%Noncurrent assets plus other real estate owned to assets
0.31%Noncurrent loans to loans
0.20%Net loans and leases to deposits
82.70%Net loans and leases to core deposits
101.31%Equity capital to assets
9.64%Core capital (leverage) ratio
9.77%Tier 1 risk-based capital ratio
14.70%Total risk-based capital ratio
Memoranda
$16Average assets
$74,109Average earning assets
$7,238Average equity
$68,661Average loans
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