Mountain National Bank
Tucker, GA — Domestic Branch of a Domestic Bank
Acquired Jul 2004
Vitals
-
Total Assets248.1M -1.3 %
-
Total Deposits201.7M -4.3 %
-
Total Net Loans221.7M 2.2 %
-
Net Income1.2M -12.3 %
-
Book Value24.8M 5.6 %
-
Book Value x249.6M 5.6 %
-
Book Value x374.4M 5.6 %
Balance Sheet Highlights
| Financial Highlights | Mountain National Bank | All Insured Commercial Banks in Georgia |
| Balance Sheet $(000) | ||
| Total Assets | 248,142 | 156,558 |
| Total Net Loans | 221,722 | 116,317 |
| Total Deposits | 201,662 | 127,528 |
| Total Equity | 24,795 | 14,824 |
| Profitability | ||
| Net Income | 1,199 | 4,333 |
| Return on Average Assets | .965 | 1.308 |
| Return on Average Equity | 9.825 | 13.595 |
| Net Interest Margin | 4.831 | 4.329 |
| Efficiency Ratio | 65.151 | 64.229 |
| Noninterest Income/Revenue | 10.13 | 13.757 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 109.947 | 84.79 |
| Securities/Assets | .032 | .24 |
| Total Equity/Total Assets | .1 | .095 |
| Tangible Equity/Tangible Assets | .093 | -.249 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 23,040 | 14,450 |
| Tier 2 Capital | 2,989 | 1,504 |
| Total Capital | 26,029 | 15,912 |
| Total Risk Weighted Assets | 238,444 | 120,402 |
| Leverage Ratio | 9.3 | 9.93 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 9.66 | 13.471 |
| Total Capital Ratio | 10.92 | 14.66 |
Timeline for Mountain National Bank
Bank Of North Georgia
Mountain National Bank was acquired by Bank Of North Georgia 19 years
View Profile Jul 19 2004
Synovus Financial Corp.
Synovus Financial Corp. became a new parent organization for Mountain National Bank.
View Profile Sep 30 1999
Merit Leasing Corporation
Merit Leasing Corporation became a new subsidiary organization for Mountain National Bank.
View Profile Jan 29 1999
Button Gwinnett National Bank
Acquisition: Mountain National Bank acquired a new subsidiary, Button Gwinnett National Bank, 30 years
View Profile Sep 25 1993
Merit Holding Corporation
Merit Holding Corporation became a new parent organization for Mountain National Bank.
View Profile May 24 1991
| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Bank Of North Georgia | Buyer | 4,673,717 | Pooling of Interests | Discontinued | 7/19/2004 |
| Button Gwinnett National Bank | Seller | 46,224 | Discontinued | 9/25/1993 |
| Relationships | Role | Relationship Start | Relationship End |
| Synovus Financial Corp. | Parent | 9/30/1999 | 7/18/2004 |
| Merit Holding Corporation | Parent | 5/24/1991 | 9/29/1999 |
| Merit Leasing Corporation | Subsidary | 1/29/1999 | 7/18/2004 |
Similar Organizations
| Organization | City | State | Total Assets |
|---|---|---|---|
|
First National Bank Of Jasper
|
Jasper | TX | 247.3M |
|
The First National Bank And Trust Company Of Okmulgee
|
Okmulgee | OK | 249.8M |
|
Fort Hood National Bank
|
Fort Hood | TX | 250.8M |
|
The Cattle National Bank And Trust Company
|
Seward | NE | 250.9M |
|
Peoples National Bank Of Kewanee
|
Kewanee | IL | 251.0M |
|
Lone Star Capital Bank, National Association
|
San Antonio | TX | 243.8M |
|
The Farmers National Bank Of Scottsville
|
Scottsville | KY | 243.4M |
|
The Jacksboro National Bank
|
Jacksboro | TX | 242.1M |
|
The First National Bank Of Manchester
|
Manchester | TN | 246.2M |
|
City First Bank Of D.C., National Association
|
Washington | DC | 256.9M |