Barnett Bank of Southeast Georgia National Association in Brunswick, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 28, 1997

  • Barnett Bank of Southeast Georgia National Association in Brunswick, Georgia (GA)
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Barnett Bank of Southeast Georgia National Association - Overview

  • General
  • FDIC Certificate #: 870
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Barnett Bank, National Association (#3566)
    Federal Reserve ID: 19534
    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)
    FDIC's unique #: 553
    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: August 28, 1997
    Last Structure Change Process Date: September 10, 1997
    Last Data Update: September 10, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 710 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)
  • Financial Summary
  • Total assets: $220.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $72Total assets
  • $192,093Cash and due from depository institutions
  • $17,509Interest-bearing balances
  • $0Securities
  • $35,112Federal funds sold & reverse repurchase agreements
  • $13,400Net loans & leases
  • $115,282Loan loss allowance
  • $2,107Trading account assets
  • $0Bank premises and fixed assets
  • $4,165Other real estate owned
  • $515Goodwill and other intangibles
  • $6,110Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $192,093Total liabilities
  • $166,897Total deposits
  • $163,727Interest-bearing deposits
  • $138,470Deposits held in domestic offices
  • 163727.00%% insured (estimated)
  • $91Federal funds purchased & repurchase agreements
  • $1,089Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $2,081Total equity capital
  • $2,081Total bank equity capital
  • $25,196Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $4,196Undivided profits
  • Memoranda
  • $20,000Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $531Income earned, not collected on loans
  • $1,060Earning assets
  • $163,794Long-term assets (5+ years)
  • $33,092Average Assets, year-to-date
  • $191,766Average Assets, quarterly
  • $189,735Volatile liabilities
  • $14,977Insider loans
  • $3,057FHLB advances
  • $0Loans and leases held for sale
  • $95Unused loan commitments
  • $60,892Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $25,257Total risk weighted assets
  • $125,103Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $15,644Total interest expense
  • $5,551Net interest income
  • $10,093Provision for loan and lease losses
  • $1,336Total noninterest income
  • $3,177Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,461Trading account gains & fees
  • $0Additional noninterest income
  • $1,716Total noninterest expense
  • $9,300Salaries and employee benefits
  • $2,470Premises and equipment expense
  • $1,040Additional noninterest expense
  • $5,790Pre-tax net operating income
  • $2,634Securities gains (losses)
  • $4Applicable income taxes
  • $740Income before extraordinary items
  • $1,898Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,898Net charge-offs
  • $1,684Cash dividends
  • $2,000Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.20%Cost of funding earning assets
  • 3.27%Net interest margin
  • 5.94%Noninterest income to earning assets
  • 1.87%Noninterest expense to earning assets
  • 5.47%Net operating income to assets
  • 0.99%Return on assets (ROA)
  • 0.99%Pretax return on assets
  • 1.38%Return on equity (ROE)
  • 7.72%Retained earnings to average equity (YTD only)
  • -0.41%Net charge-offs to loans
  • 1.18%Credit loss provision to net charge-offs
  • 79.33%Efficiency ratio
  • 70,083Assets per employee
  • 2.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 105.37%Loss allowance to loans
  • 1.79%Loss allowance to noncurrent loans
  • 396.80%Noncurrent assets plus other real estate owned to assets
  • 0.54%Noncurrent loans to loans
  • 0.45%Net loans and leases to deposits
  • 70.41%Net loans and leases to core deposits
  • 76.94%Equity capital to assets
  • 13.12%Core capital (leverage) ratio
  • 13.32%Tier 1 risk-based capital ratio
  • 20.19%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $191,766Average earning assets
  • $24,597Average equity
  • $169,972Average loans

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