United Bank of Griffin in Griffin, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 21, 1997

  • United Bank of Griffin in Griffin, Georgia (GA)
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United Bank of Griffin - Overview

  • General
  • FDIC Certificate #: 29113
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: United Bank (#172)
    Federal Reserve ID: 815370
    Date Established: January 01, 1927
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 2932
    FDIC's unique #: 41947
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: March 27, 1935
    Last Structure Change Effective Date: January 21, 1997
    Last Structure Change Process Date: March 18, 1997
    Last Data Update: March 18, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 505 South Hill Street, Griffin, GA 30223
    County: Spalding
    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
    Metropolitan Statistical Area (MSA): Atlanta, GA (#520)
    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: $116.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $45Total assets
  • $116,934Cash and due from depository institutions
  • $11,604Interest-bearing balances
  • $3,288Securities
  • $21,096Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $80,181Loan loss allowance
  • $1,093Trading account assets
  • $0Bank premises and fixed assets
  • $2,811Other real estate owned
  • $0Goodwill and other intangibles
  • $1,093Life insurance assets
  • $149All other assets
  • $0Total liabilities and capital
  • $116,934Total liabilities
  • $105,866Total deposits
  • $103,688Interest-bearing deposits
  • $92,697Deposits held in domestic offices
  • 103688.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $233Trading liabilities
  • $0Other borrowed funds
  • $246Subordinated debt
  • $0All other liabilities
  • $1,699Total equity capital
  • $1,699Total bank equity capital
  • $11,068Perpetual preferred stock
  • $0Common stock
  • $120Surplus
  • $5,130Undivided profits
  • Memoranda
  • $5,818Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $417Income earned, not collected on loans
  • $737Earning assets
  • $104,565Long-term assets (5+ years)
  • $2,473Average Assets, year-to-date
  • $110,020Average Assets, quarterly
  • $114,950Volatile liabilities
  • $10,112Insider loans
  • $1,165FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $10,546Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $10,944Total risk weighted assets
  • $76,880Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,979Total interest expense
  • $4,356Net interest income
  • $5,623Provision for loan and lease losses
  • $387Total noninterest income
  • $907Fiduciary activities
  • $0Service charges on deposit accounts
  • $796Trading account gains & fees
  • $0Additional noninterest income
  • $111Total noninterest expense
  • $3,888Salaries and employee benefits
  • $1,585Premises and equipment expense
  • $430Additional noninterest expense
  • $1,873Pre-tax net operating income
  • $2,255Securities gains (losses)
  • $0Applicable income taxes
  • $773Income before extraordinary items
  • $1,482Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,482Net charge-offs
  • $109Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.92%Cost of funding earning assets
  • 4.33%Net interest margin
  • 5.59%Noninterest income to earning assets
  • 0.90%Noninterest expense to earning assets
  • 3.87%Net operating income to assets
  • 1.35%Return on assets (ROA)
  • 1.35%Pretax return on assets
  • 2.05%Return on equity (ROE)
  • 14.34%Retained earnings to average equity (YTD only)
  • 14.34%Net charge-offs to loans
  • 0.14%Credit loss provision to net charge-offs
  • 355.05%Efficiency ratio
  • 59,051Assets per employee
  • 2.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 262.11%Noncurrent assets plus other real estate owned to assets
  • 0.36%Noncurrent loans to loans
  • 0.51%Net loans and leases to deposits
  • 77.33%Net loans and leases to core deposits
  • 85.34%Equity capital to assets
  • 9.47%Core capital (leverage) ratio
  • 9.62%Tier 1 risk-based capital ratio
  • 14.24%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $110,020Average earning assets
  • $10,333Average equity
  • $100,563Average loans

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