The First Bank of Brunswick in Brunswick, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 04, 2006

  • The First Bank of Brunswick in Brunswick, Georgia (GA)
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The First Bank of Brunswick - Overview

  • General
  • FDIC Certificate #: 32988
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Ameris Bank (#20504)
    Federal Reserve ID: 1458989
    Date Established: July 02, 1990
    WWW: http://www.amerisbank.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Interstate: No)
    OTS Docket #: 10463
    FDIC's unique #: 46169
    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: July 02, 1990
    Last Structure Change Effective Date: March 04, 2006
    Last Structure Change Process Date: March 29, 2006
    Last Data Update: March 29, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 3440 Cypress Mill Road, 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)
  • Financial Summary
  • Total assets: $333.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)

  • Dollar figures in thousands
  • 87Total employees (full-time equivalent)
  • $333,736Total assets
  • $23,143Cash and due from depository institutions
  • $1,737Interest-bearing balances
  • $21,785Securities
  • $20,575Federal funds sold & reverse repurchase agreements
  • $230,351Net loans & leases
  • $6,991Loan loss allowance
  • $0Trading account assets
  • $7,124Bank premises and fixed assets
  • $505Other real estate owned
  • $22,807Goodwill and other intangibles
  • $0Life insurance assets
  • $7,446All other assets
  • $333,736Total liabilities and capital
  • $287,628Total liabilities
  • $251,405Total deposits
  • $219,856Interest-bearing deposits
  • $251,405Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $8,701Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $23,222Other borrowed funds
  • $0Subordinated debt
  • $4,300All other liabilities
  • $46,108Total equity capital
  • $46,108Total bank equity capital
  • $46,108Perpetual preferred stock
  • $0Common stock
  • $4,091Surplus
  • $39,070Undivided profits
  • Memoranda
  • $2,947Noncurrent loans and leases
  • $36,995Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,790Earning assets
  • $0Long-term assets (5+ years)
  • $1,380Average Assets, year-to-date
  • $274,448Average Assets, quarterly
  • $9,599Volatile liabilities
  • $184,397Insider loans
  • $245,116FHLB advances
  • $81,223Loans and leases held for sale
  • $2,636Unused loan commitments
  • $23,222Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $36,995Total unused commitments
  • $0Restructured Loans and leases
  • $3,288Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $9,726Total interest income
  • $2,737Total interest expense
  • $6,989Net interest income
  • $330Provision for loan and lease losses
  • $1,229Total noninterest income
  • $0Fiduciary activities
  • $923Service charges on deposit accounts
  • $0Trading account gains & fees
  • $306Additional noninterest income
  • $5,102Total noninterest expense
  • $2,226Salaries and employee benefits
  • $560Premises and equipment expense
  • $2,316Additional noninterest expense
  • $2,786Pre-tax net operating income
  • -$21Securities gains (losses)
  • $984Applicable income taxes
  • $1,781Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,781Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$48Sale, conversion, retirement of capital stock, net
  • $1,601Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.27%Yield on earning assets
  • 1.76%Cost of funding earning assets
  • 4.50%Net interest margin
  • 0.79%Noninterest income to earning assets
  • 3.29%Noninterest expense to earning assets
  • 0.97%Net operating income to assets
  • 0.97%Return on assets (ROA)
  • 1.50%Pretax return on assets
  • 6.03%Return on equity (ROE)
  • 0.61%Retained earnings to average equity (YTD only)
  • -0.03%Net charge-offs to loans
  • -687.50%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 57,922Assets per employee
  • 3.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 89.89%Loss allowance to loans
  • 2.95%Loss allowance to noncurrent loans
  • 184.46%Noncurrent assets plus other real estate owned to assets
  • 1.29%Noncurrent loans to loans
  • 1.60%Net loans and leases to deposits
  • 91.63%Net loans and leases to core deposits
  • 128.77%Equity capital to assets
  • 13.82%Core capital (leverage) ratio
  • 16.69%Tier 1 risk-based capital ratio
  • 9.04%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $184,397Average earning assets
  • $29,549Average equity
  • $155,199Average loans

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