First Gwinnett Bank in Norcross, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 15, 1996

  • First Gwinnett Bank in Norcross, Georgia (GA)
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First Gwinnett Bank - Overview

  • General
  • FDIC Certificate #: 27107
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Regions Bank (#26976)
    Federal Reserve ID: 1160488
    Date Established: November 30, 1987
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 38792
    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: November 30, 1987
    Last Structure Change Effective Date: August 15, 1996
    Last Structure Change Process Date: September 25, 1996
    Last Data Update: September 25, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 5935 Buford Highway, Norcross, GA 30071
    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: $66.1 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)
  • $23Total assets
  • $65,620Cash and due from depository institutions
  • $8,746Interest-bearing balances
  • $3,670Securities
  • $11,762Federal funds sold & reverse repurchase agreements
  • $2,250Net loans & leases
  • $40,296Loan loss allowance
  • $497Trading account assets
  • $0Bank premises and fixed assets
  • $1,802Other real estate owned
  • $139Goodwill and other intangibles
  • $625Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $65,620Total liabilities
  • $57,917Total deposits
  • $57,310Interest-bearing deposits
  • $44,202Deposits held in domestic offices
  • 57310.00%% insured (estimated)
  • $78Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $607Total equity capital
  • $607Total bank equity capital
  • $7,703Perpetual preferred stock
  • $0Common stock
  • $3,000Surplus
  • $3,000Undivided profits
  • Memoranda
  • $1,703Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $250Earning assets
  • $57,978Long-term assets (5+ years)
  • $2,248Average Assets, year-to-date
  • $61,505Average Assets, quarterly
  • $63,791Volatile liabilities
  • $7,824Insider loans
  • $2,177FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $10,818Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $7,627Total risk weighted assets
  • $47,327Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $5,076Total interest expense
  • $2,139Net interest income
  • $2,937Provision for loan and lease losses
  • $120Total noninterest income
  • $266Fiduciary activities
  • $0Service charges on deposit accounts
  • $195Trading account gains & fees
  • $0Additional noninterest income
  • $71Total noninterest expense
  • $1,724Salaries and employee benefits
  • $886Premises and equipment expense
  • $238Additional noninterest expense
  • $600Pre-tax net operating income
  • $1,359Securities gains (losses)
  • -$5Applicable income taxes
  • $460Income before extraordinary items
  • $894Extraordinary gains - net
  • $0Net income attributable to bank
  • $894Net charge-offs
  • $308Cash dividends
  • $376Sale, 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
  • 9.31%Cost of funding earning assets
  • 3.92%Net interest margin
  • 5.39%Noninterest income to earning assets
  • 0.49%Noninterest expense to earning assets
  • 3.16%Net operating income to assets
  • 1.46%Return on assets (ROA)
  • 1.45%Pretax return on assets
  • 2.20%Return on equity (ROE)
  • 12.24%Retained earnings to average equity (YTD only)
  • 7.09%Net charge-offs to loans
  • 0.79%Credit loss provision to net charge-offs
  • 38.96%Efficiency ratio
  • 53,825Assets per employee
  • 2.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 42.06%Loss allowance to loans
  • 1.22%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.21%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 70.31%Net loans and leases to core deposits
  • 81.43%Equity capital to assets
  • 11.74%Core capital (leverage) ratio
  • 12.03%Tier 1 risk-based capital ratio
  • 16.12%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $61,505Average earning assets
  • $7,303Average equity
  • $54,506Average loans

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