Gwinnett Federal Bank, Federal Savings Bank in Lawrenceville, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 17, 1995

  • Gwinnett Federal Bank, Federal Savings Bank in Lawrenceville, Georgia (GA)
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Gwinnett Federal Bank, Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 29662
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank South (#2116)
    Federal Reserve ID: 525071
    Date Established: January 01, 1931
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 3845
    FDIC's unique #: 42496
    Numeric code: 34
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: July 08, 1936
    Last Structure Change Effective Date: Febuary 17, 1995
    Last Structure Change Process Date: Febuary 23, 1995
    Last Data Update: Febuary 23, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 750 Perry Street Sw, Lawrenceville, GA 30245
    County: Gwinnett
    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
    Metropolitan Statistical Area (MSA): Atlanta, GA (#520)
    Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
    Core Based Statistical Area (CBSA): Atlanta-Sandy Springs-Marietta, GA (#12060)
    CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
  • Financial Summary
  • Total assets: $318.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $118Total assets
  • $318,789Cash and due from depository institutions
  • $54,138Interest-bearing balances
  • $44,552Securities
  • $90,569Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $162,103Loan loss allowance
  • $2,784Trading account assets
  • $0Bank premises and fixed assets
  • $5,936Other real estate owned
  • $411Goodwill and other intangibles
  • $5,632Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $318,789Total liabilities
  • $286,483Total deposits
  • $284,897Interest-bearing deposits
  • $249,310Deposits held in domestic offices
  • 284897.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,586Total equity capital
  • $1,586Total bank equity capital
  • $32,306Perpetual preferred stock
  • $0Common stock
  • $1,678Surplus
  • $13,748Undivided profits
  • Memoranda
  • $16,880Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,148Income earned, not collected on loans
  • $984Earning assets
  • $297,224Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $323,675Average Assets, quarterly
  • $324,583Volatile liabilities
  • $41,479Insider loans
  • $905FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $26,738Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $30,700Total risk weighted assets
  • $177,688Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $22,589Total interest expense
  • $9,948Net interest income
  • $12,641Provision for loan and lease losses
  • $1,202Total noninterest income
  • $1,993Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $1,993Total noninterest expense
  • $11,668Salaries and employee benefits
  • $4,424Premises and equipment expense
  • $2,536Additional noninterest expense
  • $4,708Pre-tax net operating income
  • $1,764Securities gains (losses)
  • $370Applicable income taxes
  • $3,300Income before extraordinary items
  • -$1,166Extraordinary gains - net
  • $0Net income attributable to bank
  • -$1,166Net charge-offs
  • $387Cash dividends
  • $0Sale, 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
  • 7.49%Cost of funding earning assets
  • 3.30%Net interest margin
  • 4.19%Noninterest income to earning assets
  • 0.66%Noninterest expense to earning assets
  • 3.87%Net operating income to assets
  • -0.43%Return on assets (ROA)
  • -0.36%Pretax return on assets
  • 0.66%Return on equity (ROE)
  • -3.27%Retained earnings to average equity (YTD only)
  • -3.27%Net charge-offs to loans
  • 0.24%Credit loss provision to net charge-offs
  • 310.59%Efficiency ratio
  • 79,732Assets per employee
  • 2.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.69%Loss allowance to noncurrent loans
  • 129.61%Noncurrent assets plus other real estate owned to assets
  • 0.80%Noncurrent loans to loans
  • 1.30%Net loans and leases to deposits
  • 56.90%Net loans and leases to core deposits
  • 66.59%Equity capital to assets
  • 10.13%Core capital (leverage) ratio
  • 9.70%Tier 1 risk-based capital ratio
  • 17.28%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $323,675Average earning assets
  • $35,660Average equity
  • $301,512Average loans

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