First Gwinnett Bank in city_name, state_name - Detailed Financial Reports, Location

First Gwinnett Bank in Norcross, Georgia (GA)
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First Gwinnett Bank - Overview

General
FDIC Certificate #: 27107
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Regions Bank (#26976)
Federal Reserve ID: 1160488
Date Established: November 30, 1987
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 38792
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: November 30, 1987
Last Structure Change Effective Date: August 15, 1996
Last Structure Change Process Date: September 25, 1996
Last Data Update: September 25, 1996
Data Source Date: April 05, 2012
Location
Address: 5935 Buford Highway, Norcross, GA 30071
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)
Financial Summary
Total assets: $66.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$23Total assets
$65,620Cash and due from depository institutions
$8,746Interest-bearing balances
$3,670Securities
$11,762Federal funds sold & reverse repurchase agreements
$2,250Net loans & leases
$40,296Loan loss allowance
$497Trading account assets
$0Bank premises and fixed assets
$1,802Other real estate owned
$139Goodwill and other intangibles
$625Life insurance assets
$0All other assets
$0Total liabilities and capital
$65,620Total liabilities
$57,917Total deposits
$57,310Interest-bearing deposits
$44,202Deposits held in domestic offices
57310.00%% insured (estimated)
$78Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$607Total equity capital
$607Total bank equity capital
$7,703Perpetual preferred stock
$0Common stock
$3,000Surplus
$3,000Undivided profits
Memoranda
$1,703Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$250Earning assets
$57,978Long-term assets (5+ years)
$2,248Average Assets, year-to-date
$61,505Average Assets, quarterly
$63,791Volatile liabilities
$7,824Insider loans
$2,177FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$10,818Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,627Total risk weighted assets
$47,327Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$5,076Total interest expense
$2,139Net interest income
$2,937Provision for loan and lease losses
$120Total noninterest income
$266Fiduciary activities
$0Service charges on deposit accounts
$195Trading account gains & fees
$0Additional noninterest income
$71Total noninterest expense
$1,724Salaries and employee benefits
$886Premises and equipment expense
$238Additional noninterest expense
$600Pre-tax net operating income
$1,359Securities gains (losses)
-$5Applicable income taxes
$460Income before extraordinary items
$894Extraordinary gains - net
$0Net income attributable to bank
$894Net charge-offs
$308Cash dividends
$376Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.31%Cost of funding earning assets
3.92%Net interest margin
5.39%Noninterest income to earning assets
0.49%Noninterest expense to earning assets
3.16%Net operating income to assets
1.46%Return on assets (ROA)
1.45%Pretax return on assets
2.20%Return on equity (ROE)
12.24%Retained earnings to average equity (YTD only)
7.09%Net charge-offs to loans
0.79%Credit loss provision to net charge-offs
38.96%Efficiency ratio
53,825Assets per employee
2.85%Cash dividends to net income (YTD only)
Condition Ratios (%)
42.06%Loss allowance to loans
1.22%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.21%Noncurrent loans to loans
0.00%Net loans and leases to deposits
70.31%Net loans and leases to core deposits
81.43%Equity capital to assets
11.74%Core capital (leverage) ratio
12.03%Tier 1 risk-based capital ratio
16.12%Total risk-based capital ratio
Memoranda
$17Average assets
$61,505Average earning assets
$7,303Average equity
$54,506Average loans

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

First Gwinnett Bank - Overview

Assets and Liabilities (December 31, 1995)

Income and Expense (December 31, 1995)

Performance and Condition Ratios (December 31, 1995)

Comment about this bank, ask questions, or add new information about it:

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

First Gwinnett Bank - Overview

Assets and Liabilities (December 31, 1995)

Income and Expense (December 31, 1995)

Performance and Condition Ratios (December 31, 1995)

Comment about this bank, ask questions, or add new information about it:

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