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

This bank is inactive as of September 22, 2007

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

General
FDIC Certificate #: 15291
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First American Bank (#23577)
Federal Reserve ID: 360834
Date Established: October 28, 1935
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
OTS Docket #: 10304
FDIC's unique #: 9633
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: October 28, 1935
Last Structure Change Effective Date: September 22, 2007
Last Structure Change Process Date: September 28, 2007
Last Data Update: September 28, 2007
Data Source Date: April 05, 2012
Location
Address: 242 Broadnax Street, Dadeville, AL 36853
County: Tallapoosa
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Montgomery
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Combined Statistical Area (CSA): Montgomery-Alexander City, AL (#388)
Core Based Statistical Area (CBSA): Alexander City, AL (#10760)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $78.9 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, 2006)

Dollar figures in thousands
19Total employees (full-time equivalent)
$83,620Total assets
$4,691Cash and due from depository institutions
$2,855Interest-bearing balances
$32,313Securities
$0Federal funds sold & reverse repurchase agreements
$41,580Net loans & leases
$625Loan loss allowance
$0Trading account assets
$491Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$2,701Life insurance assets
$4,545All other assets
$83,620Total liabilities and capital
$77,750Total liabilities
$66,658Total deposits
$51,568Interest-bearing deposits
$66,658Deposits held in domestic offices
0.00%% insured (estimated)
$5,337Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,000Other borrowed funds
$0Subordinated debt
$755All other liabilities
$5,870Total equity capital
$5,870Total bank equity capital
$5,870Perpetual preferred stock
$0Common stock
$4Surplus
$1,076Undivided profits
Memoranda
$4,790Noncurrent loans and leases
$6,561Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$122Earning assets
$0Long-term assets (5+ years)
$499Average Assets, year-to-date
$76,748Average Assets, quarterly
$21,480Volatile liabilities
$81,384Insider loans
$82,702FHLB advances
$21,734Loans and leases held for sale
$1,918Unused loan commitments
$5,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,561Total unused commitments
$0Restructured Loans and leases
$551Derivatives

Income and Expense (December 31, 2006)

Dollar figures in thousands
$4,669Total interest income
$1,559Total interest expense
$3,110Net interest income
$10Provision for loan and lease losses
$837Total noninterest income
$0Fiduciary activities
$598Service charges on deposit accounts
$0Trading account gains & fees
$239Additional noninterest income
$1,687Total noninterest expense
$968Salaries and employee benefits
$139Premises and equipment expense
$580Additional noninterest expense
$2,250Pre-tax net operating income
$0Securities gains (losses)
$569Applicable income taxes
$1,681Income before extraordinary items
$0Extraordinary gains - net
$1,681Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$40Sale, conversion, retirement of capital stock, net
$1,580Net operating income

Performance and Condition Ratios (December 31, 2006)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.29%Yield on earning assets
2.10%Cost of funding earning assets
4.19%Net interest margin
1.13%Noninterest income to earning assets
2.27%Noninterest expense to earning assets
2.07%Net operating income to assets
2.07%Return on assets (ROA)
2.76%Pretax return on assets
29.22%Return on equity (ROE)
1.76%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
25.00%Credit loss provision to net charge-offs
56.50%Efficiency ratio
42,741Assets per employee
4.40%Cash dividends to net income (YTD only)
Condition Ratios (%)
93.99%Loss allowance to loans
1.48%Loss allowance to noncurrent loans
512.30%Noncurrent assets plus other real estate owned to assets
0.15%Noncurrent loans to loans
0.29%Net loans and leases to deposits
62.38%Net loans and leases to core deposits
75.24%Equity capital to assets
7.02%Core capital (leverage) ratio
7.31%Tier 1 risk-based capital ratio
13.79%Total risk-based capital ratio
Memoranda
$15Average assets
$81,384Average earning assets
$5,754Average equity
$74,226Average loans

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