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- Banks in Georgia (GA)
- Citizens Bank of Gwinnett
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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- Banks in Georgia (GA)
- Citizens Bank of Gwinnett
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