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

First National Bank of Griffin - Overview

  • General
  • FDIC Certificate #: 169
    Status: Active
    Federal Reserve ID: 563233
    Date Established: May 12, 1933
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 9 (Domestic: 9, Interstate: No)
    OTS Docket #: 12439
    FDIC's unique #: 134
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 318 South Hill Street, Griffin, GA 30224
    County: Spalding
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $236.8 mil
    Equity capital: $8.0 mil
    Deposits held in domestic offices: $217.5 mil
    Return on assets (ROA): -6.17% (-$14.6 mil)
    Quarterly return on assets: -17.15% (-$40.6 mil)
    Return on Equity (ROE): -85.79% (-$6.9 mil)
    Quarterly return on equity: -319.27% (-$25.5 mil)
    Net income: -$15.7 mil
    Quarterly Net income: -$10.6 mil
    Pretax return on assets: -5.30% (-$12,549.7 mil)
    Quarterly Pretax return on assets: -8.36% (-$19,795.3 mil)

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 99Total employees (full-time equivalent)
  • $236,786Total assets
  • $29,859Cash and due from depository institutions
  • $23,706Interest-bearing balances
  • $70,230Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $114,032Net loans & leases
  • $4,203Loan loss allowance
  • $0Trading account assets
  • $8,063Bank premises and fixed assets
  • $12,399Other real estate owned
  • $0Goodwill and other intangibles
  • $236,785Life insurance assets
  • $2,203All other assets
  • $228,746Total liabilities and capital
  • $217,472Total liabilities
  • $205,492Total deposits
  • $217,472Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 10412.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $862Subordinated debt
  • $8,039All other liabilities
  • $8,039Total equity capital
  • $8,039Total bank equity capital
  • $0Perpetual preferred stock
  • $6,835Common stock
  • $7,149Surplus
  • $-5,945Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,646Income earned, not collected on loans
  • $0Earning assets
  • $754Long-term assets (5+ years)
  • $207,968Average Assets, year-to-date
  • $51,945Average Assets, quarterly
  • $254,786Volatile liabilities
  • $247,633Insider loans
  • $137,238FHLB advances
  • $247,440Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,333Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $26,922Restructured Loans and leases
  • $4,021Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,001Total interest income
  • $1,845Total interest expense
  • $8,156Net interest income
  • $4,768Provision for loan and lease losses
  • -$5,386Total noninterest income
  • $75Fiduciary activities
  • $1,766Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$7,227Additional noninterest income
  • $11,600Total noninterest expense
  • $4,913Salaries and employee benefits
  • $1,810Premises and equipment expense
  • $4,877Additional noninterest expense
  • -$13,598Pre-tax net operating income
  • $105Securities gains (losses)
  • $2,216Applicable income taxes
  • -$15,709Income before extraordinary items
  • $0Extraordinary gains - net
  • -$15,709Net income attributable to bank
  • $0Net charge-offs
  • -$15,709Cash dividends
  • $4,342Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.57%Yield on earning assets
  • 0.84%Cost of funding earning assets
  • 3.73%Net interest margin
  • -2.46%Noninterest income to earning assets
  • 5.30%Noninterest expense to earning assets
  • -6.21%Net operating income to assets
  • -6.17%Return on assets (ROA)
  • -5.30%Pretax return on assets
  • -85.79%Return on equity (ROE)
  • -85.79%Retained earnings to average equity (YTD only)
  • 3.32%Net charge-offs to loans
  • 109.81%Credit loss provision to net charge-offs
  • -2.03%Efficiency ratio
  • 418,773Assets per employee
  • 2.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.55%Loss allowance to noncurrent loans
  • 63.24%Noncurrent assets plus other real estate owned to assets
  • 8.04%Noncurrent loans to loans
  • 5.62%Net loans and leases to deposits
  • 52.44%Net loans and leases to core deposits
  • 53.51%Equity capital to assets
  • 3.40%Core capital (leverage) ratio
  • 2.96%Tier 1 risk-based capital ratio
  • 5.34%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $254,786Average earning assets
  • $18,312Average equity
  • $218,732Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $17,027Managed Assets
  • 1Number of Accounts
  • $10,269Personal trust and agency accounts
  • $10,269Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 110Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $6,758Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $6,758Fiduciary accounts held in foreign offices

List of branches

  • 9 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0134First National Bank Of Griffin318 South Hill Street, Griffin, GA 30224May 12, 1933Full Service Brick and Mortar
    1181287Northside Branch1475 West Mcintosh Road, Griffin, GA 30223Febuary 16, 1970Full Service Brick and Mortar
    2181288Southside Branch1103 Zebulon Road, Griffin, GA 30224August 30, 1971Full Service Brick and Mortar
    4181290Griffin Loans Inc. Branch114 West Solomon Street, Griffin, GA 30223October 14, 1994Limited Service Loan Production
    5181291Zebulon Finance Branch254 Highway 19 South, Zebulon, GA 30295January 19, 1996Limited Service Loan Production
    6181292Hampton Branch996 Bear Creek Boulevard, Hampton, GA 30228Febuary 17, 1997Full Service Brick and Mortar
    8463141Griffin Crossings Annex1510 West Mcintosh Road, Griffin, GA 30224Febuary 21, 2007Full Service Brick and Mortar
    9473112Zebulon Branch16000 Barnesville Street, Zebulon, GA 30295January 02, 2008Full Service Brick and Mortar
    10493225Heron Bay Branch3470 Highway 155s, Locust Grove, GA 30248September 29, 2008Full Service Brick and Mortar

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