Button Gwinnett National Bank in Norcross, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 25, 1993

  • Button Gwinnett National Bank in Norcross, Georgia (GA)
  • Show street view No street view available for this location

Button Gwinnett National Bank - Overview

  • General
  • FDIC Certificate #: 32577
    Status: Inactive
    Closing history: Office Sold
    Acquiring institution: Mountain National Bank (#27317)
    Federal Reserve ID: 1176911
    Date Established: March 22, 1988
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    OTS Docket #: 8477
    FDIC's unique #: 45411
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: March 22, 1988
    Last Structure Change Effective Date: September 25, 1993
    Last Structure Change Process Date: November 08, 1993
    Last Data Update: November 08, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 4640 Jimmy Carter Boulevard, Norcross, GA 30093
    County: Gwinnett
    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
  • Merger - Without Assistance
    Corrections
    Office Sold
  • Financial Summary
  • Total assets: $46.2 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $20Total assets
  • $45,453Cash and due from depository institutions
  • $5,952Interest-bearing balances
  • $4,627Securities
  • $5,414Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $30,903Loan loss allowance
  • $431Trading account assets
  • $0Bank premises and fixed assets
  • $2,604Other real estate owned
  • $180Goodwill and other intangibles
  • $348Life insurance assets
  • $52All other assets
  • $0Total liabilities and capital
  • $45,453Total liabilities
  • $40,821Total deposits
  • $40,201Interest-bearing deposits
  • $33,653Deposits held in domestic offices
  • 40201.00%% insured (estimated)
  • $85Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $424Subordinated debt
  • $0All other liabilities
  • $196Total equity capital
  • $196Total bank equity capital
  • $4,632Perpetual preferred stock
  • $0Common stock
  • $2,500Surplus
  • $2,500Undivided profits
  • Memoranda
  • $-368Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $424Income earned, not collected on loans
  • $249Earning assets
  • $40,944Long-term assets (5+ years)
  • $1,174Average Assets, year-to-date
  • $49,284Average Assets, quarterly
  • $47,818Volatile liabilities
  • $5,352Insider loans
  • $600FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $9,534Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,580Total risk weighted assets
  • $32,649Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,971Total interest expense
  • $1,771Net interest income
  • $2,200Provision for loan and lease losses
  • $276Total noninterest income
  • $356Fiduciary activities
  • $0Service charges on deposit accounts
  • $205Trading account gains & fees
  • $0Additional noninterest income
  • $151Total noninterest expense
  • $2,189Salaries and employee benefits
  • $913Premises and equipment expense
  • $530Additional noninterest expense
  • $746Pre-tax net operating income
  • $91Securities gains (losses)
  • $125Applicable income taxes
  • $67Income before extraordinary items
  • $149Extraordinary gains - net
  • $67Net income attributable to bank
  • $216Net charge-offs
  • $169Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.74%Cost of funding earning assets
  • 3.90%Net interest margin
  • 4.84%Noninterest income to earning assets
  • 0.78%Noninterest expense to earning assets
  • 4.82%Net operating income to assets
  • 0.13%Return on assets (ROA)
  • 0.44%Pretax return on assets
  • 0.57%Return on equity (ROE)
  • 4.82%Retained earnings to average equity (YTD only)
  • 4.82%Net charge-offs to loans
  • 0.54%Credit loss provision to net charge-offs
  • 163.31%Efficiency ratio
  • 84,194Assets per employee
  • 2.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.38%Loss allowance to noncurrent loans
  • 101.65%Noncurrent assets plus other real estate owned to assets
  • 1.33%Noncurrent loans to loans
  • 1.35%Net loans and leases to deposits
  • 76.87%Net loans and leases to core deposits
  • 87.61%Equity capital to assets
  • 10.19%Core capital (leverage) ratio
  • 9.69%Tier 1 risk-based capital ratio
  • 14.03%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $49,284Average earning assets
  • $4,480Average equity
  • $45,444Average loans

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