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Bid Summary
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Hometown Community Bank
Braselton, GA
Closing Date: November 16, 2012
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| Bidder |
Type of Transaction |
Deposit Premium/ (Discount) % |
Asset Premium/(Discount) $(000) / % |
SF Loss Share Tranche 1 |
SF Loss Share Tranche 2 |
SF Loss Share Tranche 3 |
Commercial Loss Share Tranche |
Commercial Loss Share Tranche |
Commercial Loss Share Tranche 3 |
Value Appreciation Instrument |
Conforming Bid |
Linked to Asset Pool |
| Winning bid and bidder: CertusBank, N.A., Easley, SC |
All deposit whole bank |
0.00% |
$(39,750) |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
No |
Yes |
N/A |
| Cover: Omitted from this disclosure |
Omitted from this disclosure |
Omitted from this disclosure |
Omitted from this disclosure |
Omitted from this disclosure |
Omitted from this disclosure |
Omitted from this disclosure |
Omitted from this disclosure |
Omitted from this disclosure |
Omitted from this disclosure |
Omitted from this disclosure |
Omitted from this disclosure |
Omitted from this disclosure |
| Other bid |
All deposit whole bank |
0.00% |
$(6,899) |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
No |
No |
N/A |
| Other bid |
All deposit whole bank |
0.00% |
$(7,862) |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
No |
No |
N/A |
| Other bid |
All deposit whole bank |
0.00% |
$(16,990) |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
No |
No |
N/A |
| Other bid |
All deposit whole bank |
0.00% |
$(19,290) |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
No |
No |
N/A |
| Other bid |
All deposit whole bank with loss share |
0.00% |
$(20,459) |
N/A |
N/A |
N/A |
78% |
78% |
N/A |
No |
Yes |
N/A |
| Other bid |
All deposit whole bank with loss share |
0.00% |
$(23,876) |
N/A |
N/A |
N/A |
80% |
80% |
N/A |
No |
Yes |
N/A |
| Other bid |
All deposit whole bank with loss share |
0.00% |
$(23,950) |
N/A |
N/A |
N/A |
80% |
80% |
N/A |
No |
No |
N/A |
| Other bid |
All deposit whole bank with loss share |
0.00% |
$(24,420) |
N/A |
N/A |
N/A |
80% |
80% |
N/A |
No |
Yes |
N/A |
| Other bid |
All deposit whole bank with loss share |
0.22% |
$(24,650) |
N/A |
N/A |
N/A |
80% |
80% |
N/A |
No |
Yes |
N/A |
| Other bid |
All deposit whole bank with loss share |
0.00% |
$(24,900) |
N/A |
N/A |
N/A |
80% |
80% |
N/A |
No |
Yes |
N/A |
| Other bid |
All deposit whole bank |
0.00% |
$(24,977) |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
No |
No |
N/A |
| Other bid |
All deposit whole bank with loss share |
0.00% |
$(26,900) |
N/A |
N/A |
N/A |
80% |
80% |
N/A |
No |
No |
N/A |
| Other bid |
All deposit whole bank |
0.00% |
$(42,000) |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
No |
Yes |
N/A |
| Other bid |
All deposit whole bank |
0.00% |
$(44,950) |
N/A |
N/A |
N/A |
N/A |
N/A |
N/A |
No |
No |
N/A |
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Other Bidder Names:
- Ameris Bank, Moultrie, GA
- Bank of the Ozarks, Little Rock, AR
- BankSouth, Greensboro, GA
- CertusBank, N.A. Easley, SC
- Hamilton State Bank, Hoschton, GA
- Metro City Bank, Doraville, GA
- Stearns Bank, St. Cloud, MN
Notes:
- The winning bidder's acquisition of all the deposits was the least costly resolution compared to a liquidation alternative. The liquidation alternative was valued using valuation models to estimate the market value of the assets. Bids for loss share, if any, were valued using a discounted cash flow analysis for the loss share portfolio over the life of the loss share agreement.
- The cover bid is the bid that: a. Is less costly than liquidation and b. Is the least costly bid after excluding all bids submitted by the winning bidder.
- The Other Bidder Names and the Other Bids are in random order. There is no linkage between bidder names and bids, except in the case of the winning bid.
- There are more bids than bidders because one or more bidders submitted more than one bid.
- For more information on the bid disclosure policy, see http://www.fdic.gov/about/freedom/biddocs.html.
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