Mountain National Bank in Tucker, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 19, 2004

  • Mountain National Bank in Tucker, Georgia (GA)
  • Show street view No street view available for this location

Mountain National Bank - Overview

  • General
  • FDIC Certificate #: 27317
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank of North Georgia (#31203)
    Federal Reserve ID: 1213254
    Date Established: August 02, 1988
    WWW: http://www.mountainnational.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    OTS Docket #: 9642
    FDIC's unique #: 39561
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: August 02, 1988
    Last Structure Change Effective Date: July 19, 2004
    Last Structure Change Process Date: August 04, 2004
    Last Data Update: August 04, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 5100 Lavista Road, Tucker, GA 30084
    County: Dekalb
    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: $248.1 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
  • 64Total employees (full-time equivalent)
  • $246,783Total assets
  • $10,749Cash and due from depository institutions
  • $122Interest-bearing balances
  • $8,383Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $218,608Net loans & leases
  • $3,326Loan loss allowance
  • $0Trading account assets
  • $2,802Bank premises and fixed assets
  • $0Other real estate owned
  • $1,774Goodwill and other intangibles
  • $0Life insurance assets
  • $4,467All other assets
  • $246,783Total liabilities and capital
  • $222,638Total liabilities
  • $206,774Total deposits
  • $187,626Interest-bearing deposits
  • $206,774Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $14,554Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,310All other liabilities
  • $24,145Total equity capital
  • $24,145Total bank equity capital
  • $24,145Perpetual preferred stock
  • $0Common stock
  • $5,002Surplus
  • $9,623Undivided profits
  • Memoranda
  • $9,520Noncurrent loans and leases
  • $132,763Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $214Earning assets
  • $0Long-term assets (5+ years)
  • $877Average Assets, year-to-date
  • $227,113Average Assets, quarterly
  • $17,835Volatile liabilities
  • $247,786Insider loans
  • $246,780FHLB advances
  • $77,524Loans and leases held for sale
  • $4,407Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $132,763Total unused commitments
  • $0Restructured Loans and leases
  • $2,923Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $14,254Total interest income
  • $3,670Total interest expense
  • $10,584Net interest income
  • $639Provision for loan and lease losses
  • $1,229Total noninterest income
  • $0Fiduciary activities
  • $1,116Service charges on deposit accounts
  • $0Trading account gains & fees
  • $113Additional noninterest income
  • $6,452Total noninterest expense
  • $4,287Salaries and employee benefits
  • $570Premises and equipment expense
  • $1,595Additional noninterest expense
  • $4,722Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,696Applicable income taxes
  • $3,026Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,026Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $727Sale, conversion, retirement of capital stock, net
  • $1,774Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.25%Yield on earning assets
  • 1.61%Cost of funding earning assets
  • 4.64%Net interest margin
  • 0.54%Noninterest income to earning assets
  • 2.83%Noninterest expense to earning assets
  • 1.22%Net operating income to assets
  • 1.22%Return on assets (ROA)
  • 1.91%Pretax return on assets
  • 13.01%Return on equity (ROE)
  • 5.38%Retained earnings to average equity (YTD only)
  • 0.33%Net charge-offs to loans
  • 87.90%Credit loss provision to net charge-offs
  • 7.37%Efficiency ratio
  • 54,618Assets per employee
  • 3.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 58.63%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 1554.21%Noncurrent assets plus other real estate owned to assets
  • 0.09%Noncurrent loans to loans
  • 0.10%Net loans and leases to deposits
  • 105.72%Net loans and leases to core deposits
  • 152.02%Equity capital to assets
  • 9.78%Core capital (leverage) ratio
  • 9.30%Tier 1 risk-based capital ratio
  • 9.53%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $247,786Average earning assets
  • $23,253Average equity
  • $227,957Average loans

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