The Citizens Bank in Gainesville, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 22, 1994

  • The Citizens Bank in Gainesville, Georgia (GA)
  • Show street view No street view available for this location

The Citizens Bank - Overview

  • General
  • FDIC Certificate #: 166
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank South (#2116)
    Federal Reserve ID: 374336
    Date Established: June 02, 1913
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 9515
    FDIC's unique #: 131
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 22, 1994
    Last Structure Change Process Date: August 09, 1994
    Last Data Update: August 09, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 402 Washington Street, Gainesville, GA 30501
    County: Hall
    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): Gainesville, GA (#23580)
    CBSA Metro Statistical Area: Gainesville, GA (#23580)
  • Financial Summary
  • Total assets: $97.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $78Total assets
  • $98,641Cash and due from depository institutions
  • $4,614Interest-bearing balances
  • $3Securities
  • $25,081Federal funds sold & reverse repurchase agreements
  • $6,970Net loans & leases
  • $57,506Loan loss allowance
  • $1,058Trading account assets
  • $0Bank premises and fixed assets
  • $2,945Other real estate owned
  • $302Goodwill and other intangibles
  • $1,223Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $98,641Total liabilities
  • $90,778Total deposits
  • $89,809Interest-bearing deposits
  • $77,120Deposits held in domestic offices
  • 89809.00%% insured (estimated)
  • $96Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $969Total equity capital
  • $969Total bank equity capital
  • $7,863Perpetual preferred stock
  • $0Common stock
  • $1,080Surplus
  • $2,920Undivided profits
  • Memoranda
  • $3,863Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $503Income earned, not collected on loans
  • $383Earning assets
  • $89,560Long-term assets (5+ years)
  • $1,835Average Assets, year-to-date
  • $98,834Average Assets, quarterly
  • $99,513Volatile liabilities
  • $3,530Insider loans
  • $466FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $5,969Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $7,863Total risk weighted assets
  • $64,313Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $7,315Total interest expense
  • $2,728Net interest income
  • $4,587Provision for loan and lease losses
  • -$160Total noninterest income
  • $2,763Fiduciary activities
  • $211Service charges on deposit accounts
  • $1,047Trading account gains & fees
  • $0Additional noninterest income
  • $1,505Total noninterest expense
  • $5,724Salaries and employee benefits
  • $2,707Premises and equipment expense
  • $989Additional noninterest expense
  • $2,028Pre-tax net operating income
  • $1,786Securities gains (losses)
  • $0Applicable income taxes
  • $128Income before extraordinary items
  • $1,658Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,658Net charge-offs
  • $292Cash dividends
  • $310Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.25%Cost of funding earning assets
  • 3.08%Net interest margin
  • 5.17%Noninterest income to earning assets
  • 3.12%Noninterest expense to earning assets
  • 6.45%Net operating income to assets
  • 1.68%Return on assets (ROA)
  • 1.68%Pretax return on assets
  • 1.81%Return on equity (ROE)
  • 22.57%Retained earnings to average equity (YTD only)
  • 18.35%Net charge-offs to loans
  • 0.51%Credit loss provision to net charge-offs
  • -54.79%Efficiency ratio
  • 77,878Assets per employee
  • 1.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 18.70%Loss allowance to loans
  • 1.81%Loss allowance to noncurrent loans
  • 210.34%Noncurrent assets plus other real estate owned to assets
  • 0.82%Noncurrent loans to loans
  • 0.86%Net loans and leases to deposits
  • 64.03%Net loans and leases to core deposits
  • 66.65%Equity capital to assets
  • 7.97%Core capital (leverage) ratio
  • 7.86%Tier 1 risk-based capital ratio
  • 12.23%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $98,834Average earning assets
  • $7,346Average equity
  • $88,678Average loans

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