Gwinnett Banking Company in Lawrenceville, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 01, 2007

  • Gwinnett Banking Company in Lawrenceville, Georgia (GA)
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Gwinnett Banking Company - Overview

  • General
  • FDIC Certificate #: 34389
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Charter Bank (#4886)
    Federal Reserve ID: 2529644
    Date Established: October 31, 1997
    WWW: http://www.gwinnettbanking.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 57152
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 31, 1997
    Last Structure Change Effective Date: March 01, 2007
    Last Structure Change Process Date: March 21, 2007
    Last Data Update: March 21, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 165 Nash Street, Lawrenceville, GA 30246
    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: $465.5 mil

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2006)

  • Dollar figures in thousands
  • 46Total employees (full-time equivalent)
  • $465,463Total assets
  • $6,112Cash and due from depository institutions
  • $0Interest-bearing balances
  • $32,945Securities
  • $6,986Federal funds sold & reverse repurchase agreements
  • $337,260Net loans & leases
  • $4,272Loan loss allowance
  • $0Trading account assets
  • $3,345Bank premises and fixed assets
  • $159Other real estate owned
  • $65,991Goodwill and other intangibles
  • $5,908Life insurance assets
  • $12,665All other assets
  • $465,463Total liabilities and capital
  • $364,478Total liabilities
  • $337,870Total deposits
  • $301,630Interest-bearing deposits
  • $337,870Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $15,307Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $11,301All other liabilities
  • $100,985Total equity capital
  • $100,985Total bank equity capital
  • $100,985Perpetual preferred stock
  • $0Common stock
  • $4,500Surplus
  • $78,940Undivided profits
  • Memoranda
  • $17,545Noncurrent loans and leases
  • $132,790Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $115Earning assets
  • $0Long-term assets (5+ years)
  • $3,123Average Assets, year-to-date
  • $377,191Average Assets, quarterly
  • $16,959Volatile liabilities
  • $414,352Insider loans
  • $431,594FHLB advances
  • $109,469Loans and leases held for sale
  • $14,950Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $132,790Total unused commitments
  • $279Restructured Loans and leases
  • $4,272Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $34,642Total interest income
  • $15,217Total interest expense
  • $19,425Net interest income
  • $634Provision for loan and lease losses
  • $2,507Total noninterest income
  • $0Fiduciary activities
  • $235Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,272Additional noninterest income
  • $14,065Total noninterest expense
  • $7,346Salaries and employee benefits
  • $760Premises and equipment expense
  • $5,959Additional noninterest expense
  • $7,233Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,594Applicable income taxes
  • $4,639Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,639Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $63Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.10%Yield on earning assets
  • 4.00%Cost of funding earning assets
  • 5.10%Net interest margin
  • 0.66%Noninterest income to earning assets
  • 3.70%Noninterest expense to earning assets
  • 1.12%Net operating income to assets
  • 1.12%Return on assets (ROA)
  • 1.75%Pretax return on assets
  • 9.70%Return on equity (ROE)
  • 9.70%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 1006.35%Credit loss provision to net charge-offs
  • 124.87%Efficiency ratio
  • 64,130Assets per employee
  • 10.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 3714.78%Noncurrent assets plus other real estate owned to assets
  • 0.06%Noncurrent loans to loans
  • 0.03%Net loans and leases to deposits
  • 99.82%Net loans and leases to core deposits
  • 138.39%Equity capital to assets
  • 21.70%Core capital (leverage) ratio
  • 9.34%Tier 1 risk-based capital ratio
  • 9.91%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $414,352Average earning assets
  • $47,808Average equity
  • $380,513Average loans

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