The First National Bank of Gainesville in Gainesville, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 10, 1996

  • The First National Bank of Gainesville in Gainesville, Georgia (GA)
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The First National Bank of Gainesville - Overview

  • General
  • FDIC Certificate #: 2132
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Regions Bank (#26976)
    Federal Reserve ID: 83535
    Date Established: January 01, 1889
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 7 (Interstate: No)
    OTS Docket #: 10707
    FDIC's unique #: 1406
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 10, 1996
    Last Structure Change Process Date: June 05, 1996
    Last Data Update: June 05, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 111 Green Street, S. E., 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: $1,030.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $488Total assets
  • $992,651Cash and due from depository institutions
  • $70,128Interest-bearing balances
  • $396Securities
  • $211,368Federal funds sold & reverse repurchase agreements
  • $16,810Net loans & leases
  • $664,800Loan loss allowance
  • $9,219Trading account assets
  • $0Bank premises and fixed assets
  • $10,467Other real estate owned
  • $667Goodwill and other intangibles
  • $16,386Life insurance assets
  • $2,025All other assets
  • $0Total liabilities and capital
  • $992,651Total liabilities
  • $907,294Total deposits
  • $709,495Interest-bearing deposits
  • $606,334Deposits held in domestic offices
  • 709495.00%% insured (estimated)
  • $73Federal funds purchased & repurchase agreements
  • $119,715Trading liabilities
  • $0Other borrowed funds
  • $73,914Subordinated debt
  • $0All other liabilities
  • $4,170Total equity capital
  • $4,170Total bank equity capital
  • $85,357Perpetual preferred stock
  • $0Common stock
  • $6,000Surplus
  • $6,000Undivided profits
  • Memoranda
  • $73,357Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,719Income earned, not collected on loans
  • $4,473Earning assets
  • $893,374Long-term assets (5+ years)
  • $109,888Average Assets, year-to-date
  • $1,000,771Average Assets, quarterly
  • $995,204Volatile liabilities
  • $316,046Insider loans
  • $23,865FHLB advances
  • $0Loans and leases held for sale
  • $24,794Unused loan commitments
  • $305,992Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $83,408Total risk weighted assets
  • $716,895Total unused commitments
  • $0Restructured Loans and leases
  • $1,000Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $76,239Total interest expense
  • $41,858Net interest income
  • $34,381Provision for loan and lease losses
  • $4,781Total noninterest income
  • $21,379Fiduciary activities
  • $2,581Service charges on deposit accounts
  • $4,510Trading account gains & fees
  • $0Additional noninterest income
  • $14,288Total noninterest expense
  • $39,649Salaries and employee benefits
  • $17,893Premises and equipment expense
  • $3,923Additional noninterest expense
  • $17,833Pre-tax net operating income
  • $11,330Securities gains (losses)
  • $7Applicable income taxes
  • $3,911Income before extraordinary items
  • $7,426Extraordinary gains - net
  • $0Net income attributable to bank
  • $7,426Net charge-offs
  • $2,994Cash dividends
  • $4,525Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.53%Cost of funding earning assets
  • 4.69%Net interest margin
  • 3.85%Noninterest income to earning assets
  • 2.39%Noninterest expense to earning assets
  • 4.44%Net operating income to assets
  • 0.74%Return on assets (ROA)
  • 0.74%Pretax return on assets
  • 1.13%Return on equity (ROE)
  • 8.96%Retained earnings to average equity (YTD only)
  • 3.50%Net charge-offs to loans
  • 0.47%Credit loss provision to net charge-offs
  • 159.69%Efficiency ratio
  • 67,715Assets per employee
  • 2.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 60.93%Loss allowance to loans
  • 1.37%Loss allowance to noncurrent loans
  • 339.06%Noncurrent assets plus other real estate owned to assets
  • 0.34%Noncurrent loans to loans
  • 0.40%Net loans and leases to deposits
  • 93.70%Net loans and leases to core deposits
  • 126.13%Equity capital to assets
  • 8.60%Core capital (leverage) ratio
  • 8.50%Tier 1 risk-based capital ratio
  • 11.63%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $1,000,771Average earning assets
  • $82,884Average equity
  • $893,363Average loans

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