First National Bank of Gilmer County in Ellijay, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 26, 1996

  • First National Bank of Gilmer County in Ellijay, Georgia (GA)
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First National Bank of Gilmer County - Overview

  • General
  • FDIC Certificate #: 21741
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Regions Bank (#26976)
    Federal Reserve ID: 208431
    Date Established: August 29, 1974
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 15049
    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: August 29, 1974
    Last Structure Change Effective Date: April 26, 1996
    Last Structure Change Process Date: June 03, 1996
    Last Data Update: June 03, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 14 Cartersville Street, Ellijay, GA 30540
    County: Gilmer
    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
  • Financial Summary
  • Total assets: $50.2 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)
  • $29Total assets
  • $53,376Cash and due from depository institutions
  • $1,142Interest-bearing balances
  • $496Securities
  • $11,513Federal funds sold & reverse repurchase agreements
  • $1,209Net loans & leases
  • $37,303Loan loss allowance
  • $482Trading account assets
  • $0Bank premises and fixed assets
  • $908Other real estate owned
  • $242Goodwill and other intangibles
  • $1,059Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $53,376Total liabilities
  • $49,004Total deposits
  • $48,594Interest-bearing deposits
  • $43,360Deposits held in domestic offices
  • 48594.00%% insured (estimated)
  • $91Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $410Total equity capital
  • $410Total bank equity capital
  • $4,372Perpetual preferred stock
  • $0Common stock
  • $700Surplus
  • $1,300Undivided profits
  • Memoranda
  • $2,372Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $202Income earned, not collected on loans
  • $313Earning assets
  • $50,521Long-term assets (5+ years)
  • $5,769Average Assets, year-to-date
  • $51,516Average Assets, quarterly
  • $53,016Volatile liabilities
  • $6,073Insider loans
  • $1,340FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $4,207Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,172Total risk weighted assets
  • $37,601Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,261Total interest expense
  • $2,154Net interest income
  • $2,107Provision for loan and lease losses
  • $186Total noninterest income
  • $414Fiduciary activities
  • $0Service charges on deposit accounts
  • $222Trading account gains & fees
  • $0Additional noninterest income
  • $192Total noninterest expense
  • $2,787Salaries and employee benefits
  • $958Premises and equipment expense
  • $206Additional noninterest expense
  • $1,623Pre-tax net operating income
  • -$452Securities gains (losses)
  • -$15Applicable income taxes
  • -$233Income before extraordinary items
  • -$234Extraordinary gains - net
  • $0Net income attributable to bank
  • -$234Net charge-offs
  • $74Cash dividends
  • $80Sale, 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
  • 8.85%Cost of funding earning assets
  • 4.47%Net interest margin
  • 4.38%Noninterest income to earning assets
  • 0.86%Noninterest expense to earning assets
  • 5.79%Net operating income to assets
  • -0.44%Return on assets (ROA)
  • -0.45%Pretax return on assets
  • -0.91%Return on equity (ROE)
  • -5.16%Retained earnings to average equity (YTD only)
  • -6.92%Net charge-offs to loans
  • 0.20%Credit loss provision to net charge-offs
  • 251.35%Efficiency ratio
  • 110,551Assets per employee
  • 1.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -34.19%Loss allowance to loans
  • 1.28%Loss allowance to noncurrent loans
  • 238.61%Noncurrent assets plus other real estate owned to assets
  • 0.83%Noncurrent loans to loans
  • 0.53%Net loans and leases to deposits
  • 76.76%Net loans and leases to core deposits
  • 87.73%Equity capital to assets
  • 8.19%Core capital (leverage) ratio
  • 7.76%Tier 1 risk-based capital ratio
  • 11.10%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $51,516Average earning assets
  • $4,537Average equity
  • $48,142Average loans

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