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

This bank is inactive as of June 06, 1996

  • First National Bank of Habersham in Cornelia, Georgia (GA)
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First National Bank of Habersham - Overview

  • General
  • FDIC Certificate #: 2128
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Regions Bank (#26976)
    Federal Reserve ID: 468132
    Date Established: December 09, 1909
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 1403
    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: January 01, 1934
    Last Structure Change Effective Date: June 06, 1996
    Last Structure Change Process Date: July 08, 1996
    Last Data Update: July 08, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 138 Front Street, Cornelia, GA 30531
    County: Habersham
    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
    Core Based Statistical Area (CBSA): Cornelia, GA (#18460)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $110.7 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)
  • $52Total assets
  • $110,699Cash and due from depository institutions
  • $1,632Interest-bearing balances
  • $893Securities
  • $46,559Federal funds sold & reverse repurchase agreements
  • $425Net loans & leases
  • $58,638Loan loss allowance
  • $1,336Trading account assets
  • $0Bank premises and fixed assets
  • $1,906Other real estate owned
  • $193Goodwill and other intangibles
  • $1,347Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $110,699Total liabilities
  • $97,035Total deposits
  • $90,396Interest-bearing deposits
  • $77,895Deposits held in domestic offices
  • 90396.00%% insured (estimated)
  • $86Federal funds purchased & repurchase agreements
  • $5,818Trading liabilities
  • $0Other borrowed funds
  • $369Subordinated debt
  • $0All other liabilities
  • $453Total equity capital
  • $453Total bank equity capital
  • $13,664Perpetual preferred stock
  • $0Common stock
  • $600Surplus
  • $1,800Undivided profits
  • Memoranda
  • $11,264Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $392Income earned, not collected on loans
  • $456Earning assets
  • $106,515Long-term assets (5+ years)
  • $16,954Average Assets, year-to-date
  • $112,799Average Assets, quarterly
  • $112,162Volatile liabilities
  • $15,741Insider loans
  • $3,602FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $8,241Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $13,486Total risk weighted assets
  • $60,621Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,137Total interest expense
  • $3,956Net interest income
  • $5,181Provision for loan and lease losses
  • $797Total noninterest income
  • $708Fiduciary activities
  • $0Service charges on deposit accounts
  • $422Trading account gains & fees
  • $0Additional noninterest income
  • $286Total noninterest expense
  • $3,348Salaries and employee benefits
  • $1,646Premises and equipment expense
  • $306Additional noninterest expense
  • $1,396Pre-tax net operating income
  • $1,743Securities gains (losses)
  • $49Applicable income taxes
  • $604Income before extraordinary items
  • $1,188Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,188Net charge-offs
  • $209Cash dividends
  • $775Sale, 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
  • 8.44%Cost of funding earning assets
  • 3.65%Net interest margin
  • 4.79%Noninterest income to earning assets
  • 0.65%Noninterest expense to earning assets
  • 3.09%Net operating income to assets
  • 1.02%Return on assets (ROA)
  • 1.05%Pretax return on assets
  • 1.59%Return on equity (ROE)
  • 8.91%Retained earnings to average equity (YTD only)
  • 3.10%Net charge-offs to loans
  • 0.36%Credit loss provision to net charge-offs
  • 381.34%Efficiency ratio
  • 56,852Assets per employee
  • 2.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 65.24%Loss allowance to loans
  • 2.23%Loss allowance to noncurrent loans
  • 340.82%Noncurrent assets plus other real estate owned to assets
  • 0.53%Noncurrent loans to loans
  • 0.65%Net loans and leases to deposits
  • 64.87%Net loans and leases to core deposits
  • 72.53%Equity capital to assets
  • 12.34%Core capital (leverage) ratio
  • 11.96%Tier 1 risk-based capital ratio
  • 22.25%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $112,799Average earning assets
  • $13,331Average equity
  • $108,246Average loans

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