The Citizens Bank in Gainesville, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 22, 1994

The Citizens Bank in Gainesville, Georgia (GA)
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The Citizens Bank - Overview

General
FDIC Certificate #: 166
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank South (#2116)
Federal Reserve ID: 374336
Date Established: June 02, 1913
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
OTS Docket #: 9515
FDIC's unique #: 131
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: January 01, 1934
Last Structure Change Effective Date: July 22, 1994
Last Structure Change Process Date: August 09, 1994
Last Data Update: August 09, 1994
Data Source Date: April 05, 2012
Location
Address: 402 Washington Street, Gainesville, GA 30501
County: Hall
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
Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
Core Based Statistical Area (CBSA): Gainesville, GA (#23580)
CBSA Metro Statistical Area: Gainesville, GA (#23580)
Financial Summary
Total assets: $97.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$78Total assets
$98,641Cash and due from depository institutions
$4,614Interest-bearing balances
$3Securities
$25,081Federal funds sold & reverse repurchase agreements
$6,970Net loans & leases
$57,506Loan loss allowance
$1,058Trading account assets
$0Bank premises and fixed assets
$2,945Other real estate owned
$302Goodwill and other intangibles
$1,223Life insurance assets
$0All other assets
$0Total liabilities and capital
$98,641Total liabilities
$90,778Total deposits
$89,809Interest-bearing deposits
$77,120Deposits held in domestic offices
89809.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$969Total equity capital
$969Total bank equity capital
$7,863Perpetual preferred stock
$0Common stock
$1,080Surplus
$2,920Undivided profits
Memoranda
$3,863Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$503Income earned, not collected on loans
$383Earning assets
$89,560Long-term assets (5+ years)
$1,835Average Assets, year-to-date
$98,834Average Assets, quarterly
$99,513Volatile liabilities
$3,530Insider loans
$466FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$5,969Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,863Total risk weighted assets
$64,313Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$7,315Total interest expense
$2,728Net interest income
$4,587Provision for loan and lease losses
-$160Total noninterest income
$2,763Fiduciary activities
$211Service charges on deposit accounts
$1,047Trading account gains & fees
$0Additional noninterest income
$1,505Total noninterest expense
$5,724Salaries and employee benefits
$2,707Premises and equipment expense
$989Additional noninterest expense
$2,028Pre-tax net operating income
$1,786Securities gains (losses)
$0Applicable income taxes
$128Income before extraordinary items
$1,658Extraordinary gains - net
$0Net income attributable to bank
$1,658Net charge-offs
$292Cash dividends
$310Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.25%Cost of funding earning assets
3.08%Net interest margin
5.17%Noninterest income to earning assets
3.12%Noninterest expense to earning assets
6.45%Net operating income to assets
1.68%Return on assets (ROA)
1.68%Pretax return on assets
1.81%Return on equity (ROE)
22.57%Retained earnings to average equity (YTD only)
18.35%Net charge-offs to loans
0.51%Credit loss provision to net charge-offs
-54.79%Efficiency ratio
77,878Assets per employee
1.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
18.70%Loss allowance to loans
1.81%Loss allowance to noncurrent loans
210.34%Noncurrent assets plus other real estate owned to assets
0.82%Noncurrent loans to loans
0.86%Net loans and leases to deposits
64.03%Net loans and leases to core deposits
66.65%Equity capital to assets
7.97%Core capital (leverage) ratio
7.86%Tier 1 risk-based capital ratio
12.23%Total risk-based capital ratio
Memoranda
$13Average assets
$98,834Average earning assets
$7,346Average equity
$88,678Average loans

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