FDIC Certificate #: 9049 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Colonial Bank (#9609) Federal Reserve ID: 930134 Date Established: August 16, 1906 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 9 (Interstate: No) OTS Docket #: 14296 FDIC's unique #: 5787 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: Febuary 06, 1998 Last Structure Change Process Date: March 20, 1998 Last Data Update: March 20, 1998 Data Source Date: April 05, 2012
Location
Address: 514 6th Avenue South, Ashville, AL 35953 County: St. Clair Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Shelby Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Birmingham, AL (#1000) Combined Statistical Area (CSA): Birmingham-Hoover-Cullman, AL (#142) Core Based Statistical Area (CBSA): Birmingham-Hoover, AL (#13820) CBSA Metro Statistical Area: Birmingham-Hoover, AL (#13820)
Financial Summary
Total assets: $147.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
68Total employees (full-time equivalent)
$147,013Total assets
$3,809Cash and due from depository institutions
$32Interest-bearing balances
$24,708Securities
$5,075Federal funds sold & reverse repurchase agreements
$108,850Net loans & leases
$532Loan loss allowance
$0Trading account assets
$3,523Bank premises and fixed assets
$0Other real estate owned
$32Goodwill and other intangibles
$0Life insurance assets
$1,016All other assets
$147,013Total liabilities and capital
$134,398Total liabilities
$133,322Total deposits
$117,268Interest-bearing deposits
$133,322Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$85Other borrowed funds
$0Subordinated debt
$991All other liabilities
$12,615Total equity capital
$12,615Total bank equity capital
$12,615Perpetual preferred stock
$0Common stock
$21Surplus
$1,029Undivided profits
Memoranda
$11,565Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1Earning assets
$0Long-term assets (5+ years)
$543Average Assets, year-to-date
$138,665Average Assets, quarterly
$68,779Volatile liabilities
$141,717Insider loans
$145,745FHLB advances
$22,418Loans and leases held for sale
$561Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$84,170Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$11,248Total interest income
$5,615Total interest expense
$5,633Net interest income
$60Provision for loan and lease losses
$995Total noninterest income
$0Fiduciary activities
$713Service charges on deposit accounts
$0Trading account gains & fees
$282Additional noninterest income
$4,051Total noninterest expense
$2,591Salaries and employee benefits
$600Premises and equipment expense
$860Additional noninterest expense
$2,517Pre-tax net operating income
$7Securities gains (losses)
$849Applicable income taxes
$1,675Income before extraordinary items
$0Extraordinary gains - net
$1,675Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$26Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.46%Yield on earning assets
4.22%Cost of funding earning assets
4.24%Net interest margin
0.75%Noninterest income to earning assets
3.05%Noninterest expense to earning assets
1.18%Net operating income to assets
1.18%Return on assets (ROA)
1.78%Pretax return on assets
14.35%Return on equity (ROE)
14.35%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
230.77%Credit loss provision to net charge-offs
99.12%Efficiency ratio
60,878Assets per employee
2.16%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.49%Loss allowance to noncurrent loans
53200.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
81.64%Net loans and leases to core deposits
98.15%Equity capital to assets
8.58%Core capital (leverage) ratio
8.47%Tier 1 risk-based capital ratio
14.82%Total risk-based capital ratio
Memoranda
$15Average assets
$141,717Average earning assets
$11,676Average equity
$132,908Average loans
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