Bank of Albertville in Albertville, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1995

Bank of Albertville in Albertville, Alabama (AL)
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Bank of Albertville - Overview

General
FDIC Certificate #: 26986
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Home Bank (#22408)
Federal Reserve ID: 26934
Date Established: June 18, 1987
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 2 (Interstate: No)
OTS Docket #: 11367
FDIC's unique #: 36405
Numeric code: 13
Regulator: FED
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: June 18, 1987
Last Structure Change Effective Date: July 01, 1995
Last Structure Change Process Date: July 18, 1995
Last Data Update: July 18, 1995
Data Source Date: April 05, 2012
Location
Address: 7100 U.S. Highway 431, Albertville, AL 35950
County: Marshall
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
Core Based Statistical Area (CBSA): Albertville, AL (#10700)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $39.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$21Total assets
$37,345Cash and due from depository institutions
$1,580Interest-bearing balances
$0Securities
$7,721Federal funds sold & reverse repurchase agreements
$1,475Net loans & leases
$24,873Loan loss allowance
$249Trading account assets
$0Bank premises and fixed assets
$1,229Other real estate owned
$0Goodwill and other intangibles
$467Life insurance assets
$0All other assets
$0Total liabilities and capital
$37,345Total liabilities
$34,690Total deposits
$34,184Interest-bearing deposits
$29,695Deposits held in domestic offices
34184.00%% insured (estimated)
$87Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$244Subordinated debt
$0All other liabilities
$262Total equity capital
$262Total bank equity capital
$2,655Perpetual preferred stock
$0Common stock
$10Surplus
$1,090Undivided profits
Memoranda
$1,555Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$58Income earned, not collected on loans
$224Earning assets
$34,069Long-term assets (5+ years)
$2,772Average Assets, year-to-date
$35,010Average Assets, quarterly
$36,580Volatile liabilities
$6,967Insider loans
$899FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,795Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,814Total risk weighted assets
$25,452Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$2,563Total interest expense
$1,162Net interest income
$1,401Provision for loan and lease losses
$57Total noninterest income
$266Fiduciary activities
$0Service charges on deposit accounts
$199Trading account gains & fees
$0Additional noninterest income
$67Total noninterest expense
$1,108Salaries and employee benefits
$520Premises and equipment expense
$117Additional noninterest expense
$471Pre-tax net operating income
$502Securities gains (losses)
$0Applicable income taxes
$187Income before extraordinary items
$315Extraordinary gains - net
$0Net income attributable to bank
$315Net charge-offs
$10Cash dividends
$100Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.05%Cost of funding earning assets
3.65%Net interest margin
4.40%Noninterest income to earning assets
0.83%Noninterest expense to earning assets
3.48%Net operating income to assets
0.90%Return on assets (ROA)
0.90%Pretax return on assets
1.43%Return on equity (ROE)
11.97%Retained earnings to average equity (YTD only)
8.17%Net charge-offs to loans
0.04%Credit loss provision to net charge-offs
570.00%Efficiency ratio
66,467Assets per employee
1.78%Cash dividends to net income (YTD only)
Condition Ratios (%)
31.75%Loss allowance to loans
0.99%Loss allowance to noncurrent loans
429.31%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.23%Net loans and leases to deposits
72.76%Net loans and leases to core deposits
90.58%Equity capital to assets
7.11%Core capital (leverage) ratio
7.65%Tier 1 risk-based capital ratio
11.06%Total risk-based capital ratio
Memoranda
$12Average assets
$35,010Average earning assets
$2,632Average equity
$31,858Average loans

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