NationsBank, National Association (Glenn County) in Brunswick, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 06, 1998

  • NationsBank, National Association (Glenn County) in Brunswick, Georgia (GA)
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NationsBank, National Association (Glenn County) - Overview

  • General
  • FDIC Certificate #: 29253
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Bank of America, National Association (#15802)
    Federal Reserve ID: 976879
    Date Established: January 01, 1926
    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 #: 3175
    FDIC's unique #: 42087
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: March 29, 1935
    Last Structure Change Effective Date: August 06, 1998
    Last Structure Change Process Date: August 25, 1998
    Last Data Update: March 14, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 777 Gloucester Street, Brunswick, GA 31520
    County: Glynn
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Albany Ga
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Brunswick, GA (#15260)
    CBSA Metro Statistical Area: Brunswick, GA (#15260)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $225.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 75Total employees (full-time equivalent)
  • $259,682Total assets
  • $37,246Cash and due from depository institutions
  • $0Interest-bearing balances
  • $8,303Securities
  • $1,001Federal funds sold & reverse repurchase agreements
  • $191,882Net loans & leases
  • $1,448Loan loss allowance
  • $0Trading account assets
  • $1,733Bank premises and fixed assets
  • $244Other real estate owned
  • $16,416Goodwill and other intangibles
  • $0Life insurance assets
  • $2,857All other assets
  • $259,682Total liabilities and capital
  • $220,472Total liabilities
  • $215,610Total deposits
  • $207,330Interest-bearing deposits
  • $215,610Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $744Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $4,118All other liabilities
  • $39,210Total equity capital
  • $39,210Total bank equity capital
  • $39,210Perpetual preferred stock
  • $0Common stock
  • $3,000Surplus
  • $0Undivided profits
  • Memoranda
  • $36,210Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,154Earning assets
  • $0Long-term assets (5+ years)
  • $1,485Average Assets, year-to-date
  • $201,186Average Assets, quarterly
  • $44,109Volatile liabilities
  • $254,922Insider loans
  • $255,817FHLB advances
  • $20,496Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $11,961Total unused commitments
  • $0Restructured Loans and leases
  • $148,813Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $14,323Total interest income
  • $6,748Total interest expense
  • $7,575Net interest income
  • $1,081Provision for loan and lease losses
  • $1,377Total noninterest income
  • $0Fiduciary activities
  • $852Service charges on deposit accounts
  • $0Trading account gains & fees
  • $525Additional noninterest income
  • $4,353Total noninterest expense
  • $2,052Salaries and employee benefits
  • $682Premises and equipment expense
  • $1,619Additional noninterest expense
  • $3,518Pre-tax net operating income
  • -$8Securities gains (losses)
  • $1,224Applicable income taxes
  • $2,286Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,286Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $495Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.42%Yield on earning assets
  • 3.02%Cost of funding earning assets
  • 3.39%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 1.95%Noninterest expense to earning assets
  • 0.90%Net operating income to assets
  • 0.90%Return on assets (ROA)
  • 1.38%Pretax return on assets
  • 6.65%Return on equity (ROE)
  • 6.65%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 218.38%Credit loss provision to net charge-offs
  • 9.29%Efficiency ratio
  • 44,940Assets per employee
  • 3.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.75%Loss allowance to noncurrent loans
  • 34.86%Noncurrent assets plus other real estate owned to assets
  • 1.69%Noncurrent loans to loans
  • 2.15%Net loans and leases to deposits
  • 88.99%Net loans and leases to core deposits
  • 97.97%Equity capital to assets
  • 15.10%Core capital (leverage) ratio
  • 9.33%Tier 1 risk-based capital ratio
  • 15.25%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $254,922Average earning assets
  • $34,358Average equity
  • $223,158Average loans

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