NationsBank, National Association (Glenn County) in Brunswick, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 06, 1998

NationsBank, National Association (Glenn County) in Brunswick, Georgia (GA)
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NationsBank, National Association (Glenn County) - Overview

General
FDIC Certificate #: 29253
Status: Inactive
Closing history: Corrections
Acquiring institution: Bank of America, National Association (#15802)
Federal Reserve ID: 976879
Date Established: January 01, 1926
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 5 (Interstate: No)
OTS Docket #: 3175
FDIC's unique #: 42087
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
SAIF Insured: Yes
State Chartered: No
Date of Deposit Insurance: March 29, 1935
Last Structure Change Effective Date: August 06, 1998
Last Structure Change Process Date: August 25, 1998
Last Data Update: March 14, 2000
Data Source Date: April 05, 2012
Location
Address: 777 Gloucester Street, Brunswick, GA 31520
County: Glynn
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Albany Ga
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Core Based Statistical Area (CBSA): Brunswick, GA (#15260)
CBSA Metro Statistical Area: Brunswick, GA (#15260)
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $225.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
75Total employees (full-time equivalent)
$259,682Total assets
$37,246Cash and due from depository institutions
$0Interest-bearing balances
$8,303Securities
$1,001Federal funds sold & reverse repurchase agreements
$191,882Net loans & leases
$1,448Loan loss allowance
$0Trading account assets
$1,733Bank premises and fixed assets
$244Other real estate owned
$16,416Goodwill and other intangibles
$0Life insurance assets
$2,857All other assets
$259,682Total liabilities and capital
$220,472Total liabilities
$215,610Total deposits
$207,330Interest-bearing deposits
$215,610Deposits held in domestic offices
0.00%% insured (estimated)
$744Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$4,118All other liabilities
$39,210Total equity capital
$39,210Total bank equity capital
$39,210Perpetual preferred stock
$0Common stock
$3,000Surplus
$0Undivided profits
Memoranda
$36,210Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,154Earning assets
$0Long-term assets (5+ years)
$1,485Average Assets, year-to-date
$201,186Average Assets, quarterly
$44,109Volatile liabilities
$254,922Insider loans
$255,817FHLB advances
$20,496Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,961Total unused commitments
$0Restructured Loans and leases
$148,813Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$14,323Total interest income
$6,748Total interest expense
$7,575Net interest income
$1,081Provision for loan and lease losses
$1,377Total noninterest income
$0Fiduciary activities
$852Service charges on deposit accounts
$0Trading account gains & fees
$525Additional noninterest income
$4,353Total noninterest expense
$2,052Salaries and employee benefits
$682Premises and equipment expense
$1,619Additional noninterest expense
$3,518Pre-tax net operating income
-$8Securities gains (losses)
$1,224Applicable income taxes
$2,286Income before extraordinary items
$0Extraordinary gains - net
$2,286Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$495Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.42%Yield on earning assets
3.02%Cost of funding earning assets
3.39%Net interest margin
0.62%Noninterest income to earning assets
1.95%Noninterest expense to earning assets
0.90%Net operating income to assets
0.90%Return on assets (ROA)
1.38%Pretax return on assets
6.65%Return on equity (ROE)
6.65%Retained earnings to average equity (YTD only)
0.24%Net charge-offs to loans
218.38%Credit loss provision to net charge-offs
9.29%Efficiency ratio
44,940Assets per employee
3.46%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.75%Loss allowance to noncurrent loans
34.86%Noncurrent assets plus other real estate owned to assets
1.69%Noncurrent loans to loans
2.15%Net loans and leases to deposits
88.99%Net loans and leases to core deposits
97.97%Equity capital to assets
15.10%Core capital (leverage) ratio
9.33%Tier 1 risk-based capital ratio
15.25%Total risk-based capital ratio
Memoranda
$16Average assets
$254,922Average earning assets
$34,358Average equity
$223,158Average loans

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