FDIC Certificate #: 24160 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Gainesville Bank & Trust (#27158) Federal Reserve ID: 593838 Date Established: December 14, 1982 WWW:http://www.lumpkincountybank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 16099 FDIC's unique #: 16827 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: December 14, 1982 Last Structure Change Effective Date: August 19, 2004 Last Structure Change Process Date: September 14, 2004 Last Data Update: September 14, 2004 Data Source Date: April 05, 2012
Location
Address: 301 South Chestatee Street, Dahlonega, GA 30533 County: Lumpkin 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: $68.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
22Total employees (full-time equivalent)
$70,948Total assets
$1,266Cash and due from depository institutions
$87Interest-bearing balances
$4,335Securities
$6,532Federal funds sold & reverse repurchase agreements
$54,928Net loans & leases
$1,478Loan loss allowance
$0Trading account assets
$1,313Bank premises and fixed assets
$1,416Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,158All other assets
$70,948Total liabilities and capital
$66,769Total liabilities
$62,929Total deposits
$57,839Interest-bearing deposits
$62,929Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,500Other borrowed funds
$0Subordinated debt
$340All other liabilities
$4,179Total equity capital
$4,179Total bank equity capital
$4,179Perpetual preferred stock
$0Common stock
$2,563Surplus
$2,987Undivided profits
Memoranda
$-1,371Noncurrent loans and leases
$3,758Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,510Earning assets
$0Long-term assets (5+ years)
$460Average Assets, year-to-date
$65,882Average Assets, quarterly
$5,233Volatile liabilities
$72,717Insider loans
$72,279FHLB advances
$15,095Loans and leases held for sale
$2,502Unused loan commitments
$3,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,758Total unused commitments
$0Restructured Loans and leases
$685Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$4,362Total interest income
$1,649Total interest expense
$2,713Net interest income
$1,632Provision for loan and lease losses
-$659Total noninterest income
$0Fiduciary activities
$414Service charges on deposit accounts
$0Trading account gains & fees
-$1,073Additional noninterest income
$2,333Total noninterest expense
$1,008Salaries and employee benefits
$253Premises and equipment expense
$1,072Additional noninterest expense
-$1,911Pre-tax net operating income
$0Securities gains (losses)
-$230Applicable income taxes
-$1,681Income before extraordinary items
$0Extraordinary gains - net
-$1,681Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$922Sale, conversion, retirement of capital stock, net
$89Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.53%Yield on earning assets
2.47%Cost of funding earning assets
4.06%Net interest margin
-0.99%Noninterest income to earning assets
3.49%Noninterest expense to earning assets
-2.31%Net operating income to assets
-2.31%Return on assets (ROA)
-2.63%Pretax return on assets
-31.59%Return on equity (ROE)
-33.26%Retained earnings to average equity (YTD only)
1.56%Net charge-offs to loans
177.01%Credit loss provision to net charge-offs
-0.30%Efficiency ratio
113,583Assets per employee
3.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
-5.29%Loss allowance to loans
2.62%Loss allowance to noncurrent loans
58.88%Noncurrent assets plus other real estate owned to assets
5.53%Noncurrent loans to loans
4.45%Net loans and leases to deposits
87.29%Net loans and leases to core deposits
107.00%Equity capital to assets
5.89%Core capital (leverage) ratio
5.65%Tier 1 risk-based capital ratio
7.63%Total risk-based capital ratio
Memoranda
$9Average assets
$72,717Average earning assets
$5,322Average equity
$66,810Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Lumpkin County Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: