First National Bank of Gilmer County in Ellijay, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 26, 1996

First National Bank of Gilmer County in Ellijay, Georgia (GA)
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First National Bank of Gilmer County - Overview

General
FDIC Certificate #: 21741
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Regions Bank (#26976)
Federal Reserve ID: 208431
Date Established: August 29, 1974
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Interstate: No)
FDIC's unique #: 15049
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: August 29, 1974
Last Structure Change Effective Date: April 26, 1996
Last Structure Change Process Date: June 03, 1996
Last Data Update: June 03, 1996
Data Source Date: April 05, 2012
Location
Address: 14 Cartersville Street, Ellijay, GA 30540
County: Gilmer
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
Financial Summary
Total assets: $50.2 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)
$29Total assets
$53,376Cash and due from depository institutions
$1,142Interest-bearing balances
$496Securities
$11,513Federal funds sold & reverse repurchase agreements
$1,209Net loans & leases
$37,303Loan loss allowance
$482Trading account assets
$0Bank premises and fixed assets
$908Other real estate owned
$242Goodwill and other intangibles
$1,059Life insurance assets
$0All other assets
$0Total liabilities and capital
$53,376Total liabilities
$49,004Total deposits
$48,594Interest-bearing deposits
$43,360Deposits held in domestic offices
48594.00%% insured (estimated)
$91Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$410Total equity capital
$410Total bank equity capital
$4,372Perpetual preferred stock
$0Common stock
$700Surplus
$1,300Undivided profits
Memoranda
$2,372Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$202Income earned, not collected on loans
$313Earning assets
$50,521Long-term assets (5+ years)
$5,769Average Assets, year-to-date
$51,516Average Assets, quarterly
$53,016Volatile liabilities
$6,073Insider loans
$1,340FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$4,207Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,172Total risk weighted assets
$37,601Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$4,261Total interest expense
$2,154Net interest income
$2,107Provision for loan and lease losses
$186Total noninterest income
$414Fiduciary activities
$0Service charges on deposit accounts
$222Trading account gains & fees
$0Additional noninterest income
$192Total noninterest expense
$2,787Salaries and employee benefits
$958Premises and equipment expense
$206Additional noninterest expense
$1,623Pre-tax net operating income
-$452Securities gains (losses)
-$15Applicable income taxes
-$233Income before extraordinary items
-$234Extraordinary gains - net
$0Net income attributable to bank
-$234Net charge-offs
$74Cash dividends
$80Sale, 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
8.85%Cost of funding earning assets
4.47%Net interest margin
4.38%Noninterest income to earning assets
0.86%Noninterest expense to earning assets
5.79%Net operating income to assets
-0.44%Return on assets (ROA)
-0.45%Pretax return on assets
-0.91%Return on equity (ROE)
-5.16%Retained earnings to average equity (YTD only)
-6.92%Net charge-offs to loans
0.20%Credit loss provision to net charge-offs
251.35%Efficiency ratio
110,551Assets per employee
1.84%Cash dividends to net income (YTD only)
Condition Ratios (%)
-34.19%Loss allowance to loans
1.28%Loss allowance to noncurrent loans
238.61%Noncurrent assets plus other real estate owned to assets
0.83%Noncurrent loans to loans
0.53%Net loans and leases to deposits
76.76%Net loans and leases to core deposits
87.73%Equity capital to assets
8.19%Core capital (leverage) ratio
7.76%Tier 1 risk-based capital ratio
11.10%Total risk-based capital ratio
Memoranda
$12Average assets
$51,516Average earning assets
$4,537Average equity
$48,142Average loans

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