Gainesville Bank & Trust in Gainesville, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 25, 2008

  • Gainesville Bank & Trust in Gainesville, Georgia (GA)
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Gainesville Bank & Trust - Overview

  • General
  • FDIC Certificate #: 27158
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SunTrust Bank (#867)
    Federal Reserve ID: 1164329
    Date Established: Febuary 01, 1988
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Interstate: No)
    OTS Docket #: 13087
    FDIC's unique #: 38990
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 01, 1988
    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: 500 Jesse Jewell Parkway S.E., Gainesville, GA 30501
    County: Hall
    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
    Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
    Core Based Statistical Area (CBSA): Gainesville, GA (#23580)
    CBSA Metro Statistical Area: Gainesville, GA (#23580)
  • Financial Summary
  • Total assets: $689.5 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, 2007)

  • Dollar figures in thousands
  • 169Total employees (full-time equivalent)
  • $674,235Total assets
  • $14,856Cash and due from depository institutions
  • $241Interest-bearing balances
  • $83,024Securities
  • $3,100Federal funds sold & reverse repurchase agreements
  • $526,915Net loans & leases
  • $4,774Loan loss allowance
  • $0Trading account assets
  • $11,266Bank premises and fixed assets
  • $7,491Other real estate owned
  • $16,132Goodwill and other intangibles
  • $2,448Life insurance assets
  • $11,451All other assets
  • $674,234Total liabilities and capital
  • $600,961Total liabilities
  • $490,841Total deposits
  • $422,333Interest-bearing deposits
  • $490,841Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $65,460Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $38,455Other borrowed funds
  • $0Subordinated debt
  • $6,205All other liabilities
  • $73,273Total equity capital
  • $73,273Total bank equity capital
  • $73,273Perpetual preferred stock
  • $0Common stock
  • $14,945Surplus
  • $47,208Undivided profits
  • Memoranda
  • $11,120Noncurrent loans and leases
  • $118,663Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $5,061Earning assets
  • $0Long-term assets (5+ years)
  • $4,002Average Assets, year-to-date
  • $613,280Average Assets, quarterly
  • $53,569Volatile liabilities
  • $666,296Insider loans
  • $676,021FHLB advances
  • $203,903Loans and leases held for sale
  • $20,687Unused loan commitments
  • $38,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,102Total risk weighted assets
  • $118,663Total unused commitments
  • $0Restructured Loans and leases
  • $4,774Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $47,521Total interest income
  • $22,939Total interest expense
  • $24,582Net interest income
  • $3,327Provision for loan and lease losses
  • $4,601Total noninterest income
  • $381Fiduciary activities
  • $2,873Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,347Additional noninterest income
  • $18,864Total noninterest expense
  • $10,619Salaries and employee benefits
  • $2,180Premises and equipment expense
  • $6,065Additional noninterest expense
  • $6,992Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,163Applicable income taxes
  • $4,829Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,829Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $3,861Sale, conversion, retirement of capital stock, net
  • $3,760Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.81%Yield on earning assets
  • 3.77%Cost of funding earning assets
  • 4.04%Net interest margin
  • 0.76%Noninterest income to earning assets
  • 3.10%Noninterest expense to earning assets
  • 0.72%Net operating income to assets
  • 0.72%Return on assets (ROA)
  • 1.05%Pretax return on assets
  • 6.67%Return on equity (ROE)
  • 1.48%Retained earnings to average equity (YTD only)
  • 0.74%Net charge-offs to loans
  • 86.17%Credit loss provision to net charge-offs
  • 2.67%Efficiency ratio
  • 63,979Assets per employee
  • 3.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 77.86%Loss allowance to loans
  • 0.90%Loss allowance to noncurrent loans
  • 94.33%Noncurrent assets plus other real estate owned to assets
  • 1.86%Noncurrent loans to loans
  • 0.95%Net loans and leases to deposits
  • 107.35%Net loans and leases to core deposits
  • 140.36%Equity capital to assets
  • 10.87%Core capital (leverage) ratio
  • 8.48%Tier 1 risk-based capital ratio
  • 10.17%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $666,296Average earning assets
  • $72,429Average equity
  • $608,076Average loans

Total Fiduciary and Related Assets (December 31, 2007)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $69,744Managed Assets
  • 1Number of Accounts
  • $55,998Personal trust and agency accounts
  • $46,381Employee benefit-defined contribution accounts
  • $526Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $8,335Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $756Non-managed Assets
  • 284Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $13,746Other retirement accounts
  • $3,980Corporate trust and agency accounts
  • $3,116Other fiduciary accounts
  • $5,374Fiduciary accounts held in foreign offices

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