Granite City Bank in Elberton, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 14, 1996

  • Granite City Bank in Elberton, Georgia (GA)
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Granite City Bank - Overview

  • General
  • FDIC Certificate #: 188
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Regions Bank (#26976)
    Federal Reserve ID: 65232
    Date Established: January 01, 1928
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 150
    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: June 14, 1996
    Last Structure Change Process Date: July 24, 1996
    Last Data Update: July 24, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 125 Heard Street, Elberton, GA 30635
    County: Elbert
    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
  • Financial Summary
  • Total assets: $100.9 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)
  • $39Total assets
  • $99,889Cash and due from depository institutions
  • $2,503Interest-bearing balances
  • $1,090Securities
  • $52,902Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $42,637Loan loss allowance
  • $799Trading account assets
  • $0Bank premises and fixed assets
  • $700Other real estate owned
  • $53Goodwill and other intangibles
  • $1,094Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $99,889Total liabilities
  • $83,735Total deposits
  • $82,977Interest-bearing deposits
  • $69,544Deposits held in domestic offices
  • 82977.00%% insured (estimated)
  • $90Federal funds purchased & repurchase agreements
  • $178Trading liabilities
  • $0Other borrowed funds
  • $81Subordinated debt
  • $0All other liabilities
  • $499Total equity capital
  • $499Total bank equity capital
  • $16,154Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $5,600Undivided profits
  • Memoranda
  • $9,554Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $767Income earned, not collected on loans
  • $334Earning assets
  • $96,629Long-term assets (5+ years)
  • $13,434Average Assets, year-to-date
  • $101,480Average Assets, quarterly
  • $100,616Volatile liabilities
  • $9,514Insider loans
  • $2,048FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,849Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $15,916Total risk weighted assets
  • $49,820Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $7,830Total interest expense
  • $2,874Net interest income
  • $4,956Provision for loan and lease losses
  • $12Total noninterest income
  • $765Fiduciary activities
  • $0Service charges on deposit accounts
  • $512Trading account gains & fees
  • $0Additional noninterest income
  • $253Total noninterest expense
  • $2,883Salaries and employee benefits
  • $1,472Premises and equipment expense
  • $238Additional noninterest expense
  • $1,173Pre-tax net operating income
  • $2,826Securities gains (losses)
  • $76Applicable income taxes
  • $821Income before extraordinary items
  • $2,081Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,081Net charge-offs
  • $84Cash dividends
  • $892Sale, 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
  • 8.04%Cost of funding earning assets
  • 2.95%Net interest margin
  • 5.09%Noninterest income to earning assets
  • 0.79%Noninterest expense to earning assets
  • 2.96%Net operating income to assets
  • 2.00%Return on assets (ROA)
  • 2.05%Pretax return on assets
  • 2.86%Return on equity (ROE)
  • 13.72%Retained earnings to average equity (YTD only)
  • 7.84%Net charge-offs to loans
  • 0.20%Credit loss provision to net charge-offs
  • 14.29%Efficiency ratio
  • 50,393Assets per employee
  • 2.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 42.86%Loss allowance to loans
  • 1.84%Loss allowance to noncurrent loans
  • 104.17%Noncurrent assets plus other real estate owned to assets
  • 0.82%Noncurrent loans to loans
  • 1.77%Net loans and leases to deposits
  • 51.38%Net loans and leases to core deposits
  • 57.86%Equity capital to assets
  • 16.17%Core capital (leverage) ratio
  • 15.59%Tier 1 risk-based capital ratio
  • 31.95%Total risk-based capital ratio
  • Memoranda
  • $33Average assets
  • $101,480Average earning assets
  • $15,169Average equity
  • $97,366Average loans

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