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

This bank is inactive as of July 25, 2008

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

  • General
  • FDIC Certificate #: 35409
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SunTrust Bank (#867)
    Federal Reserve ID: 2960331
    Date Established: November 14, 2000
    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 #: 79515
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: November 14, 2000
    Last Structure Change Effective Date: July 25, 2008
    Last Structure Change Process Date: August 11, 2008
    Last Data Update: August 11, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 2734 Meadow Church Road, Duluth, GA 30097
    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: $184.6 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, 2007)

  • Dollar figures in thousands
  • 22Total employees (full-time equivalent)
  • $204,770Total assets
  • $1,909Cash and due from depository institutions
  • $94Interest-bearing balances
  • $14,892Securities
  • $1,197Federal funds sold & reverse repurchase agreements
  • $160,709Net loans & leases
  • $1,651Loan loss allowance
  • $0Trading account assets
  • $3,302Bank premises and fixed assets
  • $2,806Other real estate owned
  • $16,847Goodwill and other intangibles
  • $0Life insurance assets
  • $3,108All other assets
  • $204,770Total liabilities and capital
  • $172,573Total liabilities
  • $157,417Total deposits
  • $145,713Interest-bearing deposits
  • $157,417Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $14,000Other borrowed funds
  • $0Subordinated debt
  • $1,156All other liabilities
  • $32,197Total equity capital
  • $32,197Total bank equity capital
  • $32,197Perpetual preferred stock
  • $0Common stock
  • $3,889Surplus
  • $24,928Undivided profits
  • Memoranda
  • $3,380Noncurrent loans and leases
  • $22,723Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,849Earning assets
  • $0Long-term assets (5+ years)
  • $1,141Average Assets, year-to-date
  • $176,892Average Assets, quarterly
  • $14,964Volatile liabilities
  • $186,803Insider loans
  • $200,066FHLB advances
  • $63,138Loans and leases held for sale
  • $3,424Unused loan commitments
  • $14,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $22,723Total unused commitments
  • $0Restructured Loans and leases
  • $1,651Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $13,680Total interest income
  • $7,210Total interest expense
  • $6,470Net interest income
  • $400Provision for loan and lease losses
  • $190Total noninterest income
  • $0Fiduciary activities
  • $159Service charges on deposit accounts
  • $0Trading account gains & fees
  • $31Additional noninterest income
  • $3,303Total noninterest expense
  • $1,576Salaries and employee benefits
  • $318Premises and equipment expense
  • $1,409Additional noninterest expense
  • $2,957Pre-tax net operating income
  • $1Securities gains (losses)
  • $996Applicable income taxes
  • $1,962Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,962Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $100Sale, conversion, retirement of capital stock, net
  • $764Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.64%Yield on earning assets
  • 4.55%Cost of funding earning assets
  • 4.08%Net interest margin
  • 0.12%Noninterest income to earning assets
  • 2.09%Noninterest expense to earning assets
  • 1.05%Net operating income to assets
  • 1.05%Return on assets (ROA)
  • 1.58%Pretax return on assets
  • 6.22%Return on equity (ROE)
  • 3.80%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 400.00%Credit loss provision to net charge-offs
  • 33.57%Efficiency ratio
  • 48,138Assets per employee
  • 9.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 38.94%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 57.95%Noncurrent assets plus other real estate owned to assets
  • 2.76%Noncurrent loans to loans
  • 1.75%Net loans and leases to deposits
  • 102.09%Net loans and leases to core deposits
  • 148.42%Equity capital to assets
  • 15.72%Core capital (leverage) ratio
  • 8.18%Tier 1 risk-based capital ratio
  • 9.05%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $186,803Average earning assets
  • $31,536Average equity
  • $158,417Average loans

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