Gwinnett Federal Bank, Federal Savings Bank in Lawrenceville, Georgia (GA)

Show street view No street view available for this location
Table of contents:
Gwinnett Federal Bank, Federal Savings Bank
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)0
Total assets$118
Cash and due from depository institutions$318,789
Interest-bearing balances$54,138
Federal funds sold & reverse repurchase agreements$90,569
Net loans & leases$0
Loan loss allowance $162,103
Trading account assets$2,784
Bank premises and fixed assets$0
Other real estate owned$5,936
Goodwill and other intangibles$411
All other assets$0
Life insurance assets$5,632
Total liabilities and capital$0
Total liabilities$318,789
Total deposits$286,483
Interest-bearing deposits$284,897
Deposits held in domestic offices$249,310
% insured (estimated)284897.00%
Federal funds purchased & repurchase agreements $94
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$1,586
Total bank equity capital$1,586
Perpetual preferred stock$32,306
Common stock$0
Undivided profits $13,748
Noncurrent loans and leases $16,880
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,148
Earning assets $984
Long-term assets (5+ years) $297,224
Average Assets, year-to-date $0
Average Assets, quarterly $323,675
Volatile liabilities $324,583
Insider loans $41,479
FHLB advances $905
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $26,738
Tier 2 risk-based capital $0
Total risk weighted assets $30,700
Total unused commitments $177,688
Restructured Loans and leases $0
Back to page top, Back to table top

Income and Expense (December 31, 1994)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $22,589
Net interest income $9,948
Provision for loan and lease losses $12,641
Total noninterest income $1,202
Fiduciary activities $1,993
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $0
Total noninterest expense $1,993
Salaries and employee benefits $11,668
Premises and equipment expense $4,424
Additional noninterest expense $2,536
Pre-tax net operating income $4,708
Securities gains (losses) $1,764
Applicable income taxes $370
Income before extraordinary items $3,300
Extraordinary gains - net -$1,166
Net income attributable to bank $0
Net charge-offs -$1,166
Cash dividends $387
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 1994)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 7.49%
Net interest margin 3.30%
Noninterest income to earning assets 4.19%
Noninterest expense to earning assets 0.66%
Net operating income to assets 3.87%
Return on assets (ROA) -0.43%
Pretax return on assets -0.36%
Return on equity (ROE) 0.66%
Retained earnings to average equity (YTD only) -3.27%
Net charge-offs to loans -3.27%
Credit loss provision to net charge-offs 0.24%
Efficiency ratio310.59%
Assets per employee$79,732
Cash dividends to net income (YTD only)2.70%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.69%
Noncurrent assets plus other real estate owned to assets 129.61%
Noncurrent loans to loans 0.80%
Net loans and leases to deposits1.30%
Net loans and leases to core deposits 56.90%
Equity capital to assets 66.59%
Core capital (leverage) ratio 10.13%
Tier 1 risk-based capital ratio 9.70%
Total risk-based capital ratio 17.28%
Average assets$19
Average earning assets$323,675
Average equity $35,660
Average loans $301,512
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Gwinnett Federal Bank, Federal Savings Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.