FDIC Certificate #: 27313 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Main Street Bank (#9243) Federal Reserve ID: 1214439 Date Established: August 15, 1988 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 39509 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 15, 1988 Last Structure Change Effective Date: January 25, 2001 Last Structure Change Process Date: March 23, 2001 Last Data Update: March 23, 2001 Data Source Date: April 05, 2012
Location
Address: 1302 West Spring Street, Monroe, GA 30655 County: Walton 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)
Financial Summary
Total assets: $61.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
25Total employees (full-time equivalent)
$61,778Total assets
$1,484Cash and due from depository institutions
$0Interest-bearing balances
$14,366Securities
$3,340Federal funds sold & reverse repurchase agreements
$40,849Net loans & leases
$507Loan loss allowance
$0Trading account assets
$723Bank premises and fixed assets
$205Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$811All other assets
$61,778Total liabilities and capital
$54,426Total liabilities
$54,009Total deposits
$47,204Interest-bearing deposits
$54,009Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$13Other borrowed funds
$0Subordinated debt
$404All other liabilities
$7,352Total equity capital
$7,352Total bank equity capital
$7,352Perpetual preferred stock
$0Common stock
$2,250Surplus
$742Undivided profits
Memoranda
$4,360Noncurrent loans and leases
$7,952Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$256Earning assets
$0Long-term assets (5+ years)
$457Average Assets, year-to-date
$58,555Average Assets, quarterly
$4,426Volatile liabilities
$59,459Insider loans
$61,101FHLB advances
$12,465Loans and leases held for sale
$1,075Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,952Total unused commitments
$0Restructured Loans and leases
$507Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$5,403Total interest income
$2,429Total interest expense
$2,974Net interest income
$130Provision for loan and lease losses
$771Total noninterest income
$0Fiduciary activities
$462Service charges on deposit accounts
$0Trading account gains & fees
$309Additional noninterest income
$1,933Total noninterest expense
$1,048Salaries and employee benefits
$225Premises and equipment expense
$660Additional noninterest expense
$1,682Pre-tax net operating income
-$4Securities gains (losses)
$586Applicable income taxes
$1,092Income before extraordinary items
$0Extraordinary gains - net
$1,092Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$49Sale, conversion, retirement of capital stock, net
$225Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.65%Yield on earning assets
4.34%Cost of funding earning assets
5.31%Net interest margin
1.38%Noninterest income to earning assets
3.45%Noninterest expense to earning assets
1.84%Net operating income to assets
1.84%Return on assets (ROA)
2.82%Pretax return on assets
16.42%Return on equity (ROE)
13.04%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
265.31%Credit loss provision to net charge-offs
36.98%Efficiency ratio
51,615Assets per employee
2.47%Cash dividends to net income (YTD only)
Condition Ratios (%)
20.60%Loss allowance to loans
1.23%Loss allowance to noncurrent loans
198.05%Noncurrent assets plus other real estate owned to assets
0.75%Noncurrent loans to loans
0.62%Net loans and leases to deposits
75.63%Net loans and leases to core deposits
98.33%Equity capital to assets
11.90%Core capital (leverage) ratio
11.95%Tier 1 risk-based capital ratio
17.70%Total risk-based capital ratio
Memoranda
$19Average assets
$59,459Average earning assets
$6,651Average equity
$55,999Average loans
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