Mountain State Bank in Dawsonville, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 25, 2008

  • Mountain State Bank in Dawsonville, Georgia (GA)
  • Show street view No street view available for this location

Mountain State Bank - Overview

  • General
  • FDIC Certificate #: 57507
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SunTrust Bank (#867)
    Federal Reserve ID: 3156300
    Date Established: April 15, 2003
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 364420
    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: April 15, 2003
    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: 6602 Highway 53 East, Dawsonville, GA 30534
    County: Dawson
    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): Atlanta-Sandy Springs-Marietta, GA (#12060)
    CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
  • Financial Summary
  • Total assets: $166.3 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
  • 42Total employees (full-time equivalent)
  • $205,209Total assets
  • $3,080Cash and due from depository institutions
  • $75Interest-bearing balances
  • $19,132Securities
  • $1,203Federal funds sold & reverse repurchase agreements
  • $148,246Net loans & leases
  • $3,156Loan loss allowance
  • $0Trading account assets
  • $7,004Bank premises and fixed assets
  • $5,522Other real estate owned
  • $17,690Goodwill and other intangibles
  • $0Life insurance assets
  • $3,332All other assets
  • $205,209Total liabilities and capital
  • $171,365Total liabilities
  • $169,615Total deposits
  • $157,825Interest-bearing deposits
  • $169,615Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,750All other liabilities
  • $33,844Total equity capital
  • $33,844Total bank equity capital
  • $33,844Perpetual preferred stock
  • $0Common stock
  • $5,100Surplus
  • $38,781Undivided profits
  • Memoranda
  • $-10,037Noncurrent loans and leases
  • $27,525Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,833Earning assets
  • $0Long-term assets (5+ years)
  • $1,177Average Assets, year-to-date
  • $168,656Average Assets, quarterly
  • $11,616Volatile liabilities
  • $224,043Insider loans
  • $217,352FHLB advances
  • $66,522Loans and leases held for sale
  • $3,974Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $27,525Total unused commitments
  • $0Restructured Loans and leases
  • $2,076Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $16,069Total interest income
  • $7,483Total interest expense
  • $8,586Net interest income
  • $4,965Provision for loan and lease losses
  • $1,190Total noninterest income
  • $0Fiduciary activities
  • $675Service charges on deposit accounts
  • $0Trading account gains & fees
  • $515Additional noninterest income
  • $16,187Total noninterest expense
  • $3,217Salaries and employee benefits
  • $672Premises and equipment expense
  • $12,298Additional noninterest expense
  • -$11,376Pre-tax net operating income
  • $17Securities gains (losses)
  • -$685Applicable income taxes
  • -$10,674Income before extraordinary items
  • $0Extraordinary gains - net
  • -$10,674Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $3,679Sale, conversion, retirement of capital stock, net
  • $888Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.82%Yield on earning assets
  • 4.11%Cost of funding earning assets
  • 4.71%Net interest margin
  • 0.65%Noninterest income to earning assets
  • 8.88%Noninterest expense to earning assets
  • -4.77%Net operating income to assets
  • -4.76%Return on assets (ROA)
  • -5.07%Pretax return on assets
  • -25.11%Return on equity (ROE)
  • -27.20%Retained earnings to average equity (YTD only)
  • 2.26%Net charge-offs to loans
  • 134.96%Credit loss provision to net charge-offs
  • -1.74%Efficiency ratio
  • 59,053Assets per employee
  • 4.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -8.32%Loss allowance to loans
  • 2.08%Loss allowance to noncurrent loans
  • 172.18%Noncurrent assets plus other real estate owned to assets
  • 3.58%Noncurrent loans to loans
  • 1.21%Net loans and leases to deposits
  • 87.40%Net loans and leases to core deposits
  • 143.80%Equity capital to assets
  • 16.49%Core capital (leverage) ratio
  • 7.85%Tier 1 risk-based capital ratio
  • 9.64%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $224,043Average earning assets
  • $42,513Average equity
  • $182,254Average loans

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 Mountain State 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.
Table of Contents