Gadsden National Bank in Quincy, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1995

  • Gadsden National Bank in Quincy, Florida (FL)
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Gadsden National Bank - Overview

  • General
  • FDIC Certificate #: 26981
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Capital City Bank (#9622)
    Federal Reserve ID: 717933
    Date Established: June 01, 1987
    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 #: 36398
    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: June 01, 1987
    Last Structure Change Effective Date: January 01, 1995
    Last Structure Change Process Date: Febuary 24, 1995
    Last Data Update: Febuary 24, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 320 West Jefferson Street, Quincy, FL 32351
    County: Gadsden
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Gainesville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Tallahassee, FL (#8240)
    Core Based Statistical Area (CBSA): Tallahassee, FL (#45220)
    CBSA Metro Statistical Area: Tallahassee, FL (#45220)
  • Financial Summary
  • Total assets: $40.3 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $11Total assets
  • $40,265Cash and due from depository institutions
  • $1,801Interest-bearing balances
  • $0Securities
  • $12,249Federal funds sold & reverse repurchase agreements
  • $3,975Net loans & leases
  • $20,806Loan loss allowance
  • $442Trading account assets
  • $0Bank premises and fixed assets
  • $576Other real estate owned
  • $88Goodwill and other intangibles
  • $748Life insurance assets
  • $22All other assets
  • $0Total liabilities and capital
  • $40,265Total liabilities
  • $35,655Total deposits
  • $34,993Interest-bearing deposits
  • $29,837Deposits held in domestic offices
  • 34993.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $662Total equity capital
  • $662Total bank equity capital
  • $4,610Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $3,250Undivided profits
  • Memoranda
  • $360Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $42Income earned, not collected on loans
  • $147Earning assets
  • $37,030Long-term assets (5+ years)
  • $2,409Average Assets, year-to-date
  • $39,116Average Assets, quarterly
  • $39,477Volatile liabilities
  • $3,973Insider loans
  • $2,643FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,767Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,630Total risk weighted assets
  • $21,436Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,472Total interest expense
  • $999Net interest income
  • $1,473Provision for loan and lease losses
  • $0Total noninterest income
  • $148Fiduciary activities
  • $0Service charges on deposit accounts
  • $124Trading account gains & fees
  • $0Additional noninterest income
  • $24Total noninterest expense
  • $1,213Salaries and employee benefits
  • $541Premises and equipment expense
  • $113Additional noninterest expense
  • $559Pre-tax net operating income
  • $408Securities gains (losses)
  • -$9Applicable income taxes
  • $121Income before extraordinary items
  • $278Extraordinary gains - net
  • $0Net income attributable to bank
  • $278Net charge-offs
  • $0Cash dividends
  • $150Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.90%Cost of funding earning assets
  • 2.79%Net interest margin
  • 4.11%Noninterest income to earning assets
  • 0.41%Noninterest expense to earning assets
  • 3.38%Net operating income to assets
  • 0.73%Return on assets (ROA)
  • 0.71%Pretax return on assets
  • 1.02%Return on equity (ROE)
  • 6.08%Retained earnings to average equity (YTD only)
  • 2.80%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 68,908Assets per employee
  • 3.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 53.96%Loss allowance to loans
  • 2.08%Loss allowance to noncurrent loans
  • 1052.38%Noncurrent assets plus other real estate owned to assets
  • 0.32%Noncurrent loans to loans
  • 0.20%Net loans and leases to deposits
  • 59.46%Net loans and leases to core deposits
  • 67.07%Equity capital to assets
  • 11.45%Core capital (leverage) ratio
  • 11.61%Tier 1 risk-based capital ratio
  • 21.60%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $39,116Average earning assets
  • $4,569Average equity
  • $35,840Average loans

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