Gadsden State Bank in Chattahoochee, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 1998

  • Gadsden State Bank in Chattahoochee, Florida (FL)
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Gadsden State Bank - Overview

  • General
  • FDIC Certificate #: 9626
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SunTrust Bank, Tallahassee, National Association (#20554)
    Federal Reserve ID: 314734
    Date Established: July 27, 1907
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 6152
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 01, 1998
    Last Structure Change Process Date: October 20, 1998
    Last Data Update: October 20, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 Washington Street, Chattahoochee, FL 32324
    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: $26.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 7Total employees (full-time equivalent)
  • $26,114Total assets
  • $689Cash and due from depository institutions
  • $0Interest-bearing balances
  • $12,447Securities
  • $1,200Federal funds sold & reverse repurchase agreements
  • $11,023Net loans & leases
  • $166Loan loss allowance
  • $0Trading account assets
  • $358Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $397All other assets
  • $26,114Total liabilities and capital
  • $22,077Total liabilities
  • $21,929Total deposits
  • $19,069Interest-bearing deposits
  • $21,929Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $148All other liabilities
  • $4,037Total equity capital
  • $4,037Total bank equity capital
  • $4,037Perpetual preferred stock
  • $0Common stock
  • $250Surplus
  • $500Undivided profits
  • Memoranda
  • $3,287Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $114Average Assets, year-to-date
  • $24,670Average Assets, quarterly
  • $3,367Volatile liabilities
  • $25,715Insider loans
  • $26,176FHLB advances
  • $2,530Loans and leases held for sale
  • $181Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $507Total unused commitments
  • $0Restructured Loans and leases
  • $12,390Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $1,908Total interest income
  • $738Total interest expense
  • $1,170Net interest income
  • $24Provision for loan and lease losses
  • $145Total noninterest income
  • $0Fiduciary activities
  • $121Service charges on deposit accounts
  • $0Trading account gains & fees
  • $24Additional noninterest income
  • $564Total noninterest expense
  • $237Salaries and employee benefits
  • $68Premises and equipment expense
  • $259Additional noninterest expense
  • $727Pre-tax net operating income
  • $0Securities gains (losses)
  • $249Applicable income taxes
  • $478Income before extraordinary items
  • $0Extraordinary gains - net
  • $478Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $10Sale, conversion, retirement of capital stock, net
  • $153Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.87%Yield on earning assets
  • 3.04%Cost of funding earning assets
  • 4.83%Net interest margin
  • 0.60%Noninterest income to earning assets
  • 2.33%Noninterest expense to earning assets
  • 1.86%Net operating income to assets
  • 1.86%Return on assets (ROA)
  • 2.83%Pretax return on assets
  • 12.59%Return on equity (ROE)
  • 8.56%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 240.00%Credit loss provision to net charge-offs
  • 75.10%Efficiency ratio
  • 42,890Assets per employee
  • 3.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 32.01%Loss allowance to loans
  • 1.48%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 50.27%Net loans and leases to core deposits
  • 56.82%Equity capital to assets
  • 15.46%Core capital (leverage) ratio
  • 15.11%Tier 1 risk-based capital ratio
  • 32.05%Total risk-based capital ratio
  • Memoranda
  • $33Average assets
  • $25,715Average earning assets
  • $3,796Average equity
  • $24,242Average loans

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