First National Bank of Habersham in Cornelia, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 06, 1996

First National Bank of Habersham in Cornelia, Georgia (GA)
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First National Bank of Habersham - Overview

General
FDIC Certificate #: 2128
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Regions Bank (#26976)
Federal Reserve ID: 468132
Date Established: December 09, 1909
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)
FDIC's unique #: 1403
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: January 01, 1934
Last Structure Change Effective Date: June 06, 1996
Last Structure Change Process Date: July 08, 1996
Last Data Update: July 08, 1996
Data Source Date: April 05, 2012
Location
Address: 138 Front Street, Cornelia, GA 30531
County: Habersham
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
Core Based Statistical Area (CBSA): Cornelia, GA (#18460)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $110.7 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)
$52Total assets
$110,699Cash and due from depository institutions
$1,632Interest-bearing balances
$893Securities
$46,559Federal funds sold & reverse repurchase agreements
$425Net loans & leases
$58,638Loan loss allowance
$1,336Trading account assets
$0Bank premises and fixed assets
$1,906Other real estate owned
$193Goodwill and other intangibles
$1,347Life insurance assets
$0All other assets
$0Total liabilities and capital
$110,699Total liabilities
$97,035Total deposits
$90,396Interest-bearing deposits
$77,895Deposits held in domestic offices
90396.00%% insured (estimated)
$86Federal funds purchased & repurchase agreements
$5,818Trading liabilities
$0Other borrowed funds
$369Subordinated debt
$0All other liabilities
$453Total equity capital
$453Total bank equity capital
$13,664Perpetual preferred stock
$0Common stock
$600Surplus
$1,800Undivided profits
Memoranda
$11,264Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$392Income earned, not collected on loans
$456Earning assets
$106,515Long-term assets (5+ years)
$16,954Average Assets, year-to-date
$112,799Average Assets, quarterly
$112,162Volatile liabilities
$15,741Insider loans
$3,602FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$8,241Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$13,486Total risk weighted assets
$60,621Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$9,137Total interest expense
$3,956Net interest income
$5,181Provision for loan and lease losses
$797Total noninterest income
$708Fiduciary activities
$0Service charges on deposit accounts
$422Trading account gains & fees
$0Additional noninterest income
$286Total noninterest expense
$3,348Salaries and employee benefits
$1,646Premises and equipment expense
$306Additional noninterest expense
$1,396Pre-tax net operating income
$1,743Securities gains (losses)
$49Applicable income taxes
$604Income before extraordinary items
$1,188Extraordinary gains - net
$0Net income attributable to bank
$1,188Net charge-offs
$209Cash dividends
$775Sale, 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
8.44%Cost of funding earning assets
3.65%Net interest margin
4.79%Noninterest income to earning assets
0.65%Noninterest expense to earning assets
3.09%Net operating income to assets
1.02%Return on assets (ROA)
1.05%Pretax return on assets
1.59%Return on equity (ROE)
8.91%Retained earnings to average equity (YTD only)
3.10%Net charge-offs to loans
0.36%Credit loss provision to net charge-offs
381.34%Efficiency ratio
56,852Assets per employee
2.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
65.24%Loss allowance to loans
2.23%Loss allowance to noncurrent loans
340.82%Noncurrent assets plus other real estate owned to assets
0.53%Noncurrent loans to loans
0.65%Net loans and leases to deposits
64.87%Net loans and leases to core deposits
72.53%Equity capital to assets
12.34%Core capital (leverage) ratio
11.96%Tier 1 risk-based capital ratio
22.25%Total risk-based capital ratio
Memoranda
$24Average assets
$112,799Average earning assets
$13,331Average equity
$108,246Average loans

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