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

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