Guaranty National Bank of Tallahassee in Tallahassee, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 12, 2004

  • Guaranty National Bank of Tallahassee in Tallahassee, Florida (FL)
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Guaranty National Bank of Tallahassee - Overview

  • General
  • FDIC Certificate #: 26838
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Hancock Bank of Florida (#57819)
    Federal Reserve ID: 316738
    Date Established: November 17, 1986
    WWW: http://www.myguarantybank.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Interstate: No)
    OTS Docket #: 11150
    FDIC's unique #: 36064
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: November 17, 1986
    Last Structure Change Effective Date: March 12, 2004
    Last Structure Change Process Date: March 17, 2004
    Last Data Update: March 17, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 1706 West Tennessee Street, Tallahassee, FL 32304
    County: Leon
    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)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $71.3 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, 2003)

  • Dollar figures in thousands
  • 45Total employees (full-time equivalent)
  • $71,280Total assets
  • $3,558Cash and due from depository institutions
  • $639Interest-bearing balances
  • $1,796Securities
  • $7,061Federal funds sold & reverse repurchase agreements
  • $48,618Net loans & leases
  • $1,267Loan loss allowance
  • $0Trading account assets
  • $7,521Bank premises and fixed assets
  • $425Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,301All other assets
  • $71,280Total liabilities and capital
  • $66,699Total liabilities
  • $65,614Total deposits
  • $55,849Interest-bearing deposits
  • $65,614Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $458Other borrowed funds
  • $0Subordinated debt
  • $627All other liabilities
  • $4,581Total equity capital
  • $4,581Total bank equity capital
  • $4,581Perpetual preferred stock
  • $0Common stock
  • $8,041Surplus
  • $8,789Undivided profits
  • Memoranda
  • $-12,249Noncurrent loans and leases
  • $1,700Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,111Earning assets
  • $0Long-term assets (5+ years)
  • $390Average Assets, year-to-date
  • $58,114Average Assets, quarterly
  • $22,850Volatile liabilities
  • $83,539Insider loans
  • $73,717FHLB advances
  • $6,293Loans and leases held for sale
  • $1,689Unused loan commitments
  • $458Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1Total risk weighted assets
  • $1,700Total unused commitments
  • $0Restructured Loans and leases
  • $674Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $4,382Total interest income
  • $2,035Total interest expense
  • $2,347Net interest income
  • $1,692Provision for loan and lease losses
  • $602Total noninterest income
  • $0Fiduciary activities
  • $471Service charges on deposit accounts
  • $0Trading account gains & fees
  • $131Additional noninterest income
  • $5,398Total noninterest expense
  • $2,313Salaries and employee benefits
  • $647Premises and equipment expense
  • $2,438Additional noninterest expense
  • -$4,141Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$4,141Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,141Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,709Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.32%Yield on earning assets
  • 2.93%Cost of funding earning assets
  • 3.38%Net interest margin
  • 0.87%Noninterest income to earning assets
  • 7.78%Noninterest expense to earning assets
  • -4.96%Net operating income to assets
  • -4.96%Return on assets (ROA)
  • -4.96%Pretax return on assets
  • -60.36%Return on equity (ROE)
  • -60.36%Retained earnings to average equity (YTD only)
  • 3.19%Net charge-offs to loans
  • 99.01%Credit loss provision to net charge-offs
  • -1.43%Efficiency ratio
  • 183,045Assets per employee
  • 1.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.54%Loss allowance to noncurrent loans
  • 40.73%Noncurrent assets plus other real estate owned to assets
  • 4.96%Noncurrent loans to loans
  • 6.24%Net loans and leases to deposits
  • 74.10%Net loans and leases to core deposits
  • 81.96%Equity capital to assets
  • 6.43%Core capital (leverage) ratio
  • 5.07%Tier 1 risk-based capital ratio
  • 7.00%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $83,539Average earning assets
  • $6,860Average equity
  • $69,360Average loans

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