Citizens Bank of Gwinnett in Duluth, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 27, 1998

  • Citizens Bank of Gwinnett in Duluth, Georgia (GA)
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Citizens Bank of Gwinnett - Overview

  • General
  • FDIC Certificate #: 25092
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Premier Bank (#26307)
    Federal Reserve ID: 60536
    Date Established: April 16, 1984
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 17368
    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: April 16, 1984
    Last Structure Change Effective Date: March 27, 1998
    Last Structure Change Process Date: April 27, 1998
    Last Data Update: April 27, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 3209 Buford Highway, Duluth, GA 30136
    County: Gwinnett
    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: $167.2 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
  • 67Total employees (full-time equivalent)
  • $167,238Total assets
  • $6,731Cash and due from depository institutions
  • $100Interest-bearing balances
  • $29,625Securities
  • $6,510Federal funds sold & reverse repurchase agreements
  • $116,766Net loans & leases
  • $1,505Loan loss allowance
  • $0Trading account assets
  • $5,609Bank premises and fixed assets
  • $149Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,848All other assets
  • $167,238Total liabilities and capital
  • $154,634Total liabilities
  • $152,642Total deposits
  • $123,389Interest-bearing deposits
  • $152,642Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $45Other borrowed funds
  • $0Subordinated debt
  • $1,947All other liabilities
  • $12,604Total equity capital
  • $12,604Total bank equity capital
  • $12,604Perpetual preferred stock
  • $0Common stock
  • $2,500Surplus
  • $6,650Undivided profits
  • Memoranda
  • $3,454Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $580Earning assets
  • $0Long-term assets (5+ years)
  • $800Average Assets, year-to-date
  • $153,001Average Assets, quarterly
  • $35,744Volatile liabilities
  • $161,121Insider loans
  • $164,972FHLB advances
  • $26,583Loans and leases held for sale
  • $3,003Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $26,020Total unused commitments
  • $0Restructured Loans and leases
  • $135,444Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $13,854Total interest income
  • $5,563Total interest expense
  • $8,291Net interest income
  • $539Provision for loan and lease losses
  • $993Total noninterest income
  • $0Fiduciary activities
  • $856Service charges on deposit accounts
  • $0Trading account gains & fees
  • $137Additional noninterest income
  • $5,678Total noninterest expense
  • $2,971Salaries and employee benefits
  • $887Premises and equipment expense
  • $1,820Additional noninterest expense
  • $3,067Pre-tax net operating income
  • -$2Securities gains (losses)
  • $911Applicable income taxes
  • $2,154Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,154Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $69Sale, conversion, retirement of capital stock, net
  • $195Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.37%Yield on earning assets
  • 3.76%Cost of funding earning assets
  • 5.61%Net interest margin
  • 0.67%Noninterest income to earning assets
  • 3.84%Noninterest expense to earning assets
  • 1.34%Net operating income to assets
  • 1.34%Return on assets (ROA)
  • 1.90%Pretax return on assets
  • 19.04%Return on equity (ROE)
  • 17.32%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 781.16%Credit loss provision to net charge-offs
  • 52.26%Efficiency ratio
  • 61,159Assets per employee
  • 2.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 9.05%Loss allowance to loans
  • 1.27%Loss allowance to noncurrent loans
  • 259.48%Noncurrent assets plus other real estate owned to assets
  • 0.44%Noncurrent loans to loans
  • 0.49%Net loans and leases to deposits
  • 76.50%Net loans and leases to core deposits
  • 92.60%Equity capital to assets
  • 7.54%Core capital (leverage) ratio
  • 7.41%Tier 1 risk-based capital ratio
  • 9.05%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $161,121Average earning assets
  • $11,312Average equity
  • $147,896Average loans

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