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

This bank is inactive as of September 01, 1994

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

General
FDIC Certificate #: 24217
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Horizon Bank (#20972)
Federal Reserve ID: 434931
Date Established: January 04, 1983
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 16865
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 04, 1983
Last Structure Change Effective Date: September 01, 1994
Last Structure Change Process Date: October 31, 1994
Last Data Update: October 31, 1994
Data Source Date: April 05, 2012
Location
Address: 100 West Main Street, Powell, AL 35971
County: De Kalb
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): Fort Payne, AL (#22840)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $18.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$6Total assets
$18,433Cash and due from depository institutions
$197Interest-bearing balances
$0Securities
$4,980Federal funds sold & reverse repurchase agreements
$870Net loans & leases
$11,751Loan loss allowance
$461Trading account assets
$0Bank premises and fixed assets
$290Other real estate owned
$0Goodwill and other intangibles
$345Life insurance assets
$0All other assets
$0Total liabilities and capital
$18,433Total liabilities
$16,080Total deposits
$16,029Interest-bearing deposits
$14,723Deposits held in domestic offices
16029.00%% insured (estimated)
$83Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$51Total equity capital
$51Total bank equity capital
$2,353Perpetual preferred stock
$0Common stock
$76Surplus
$1,178Undivided profits
Memoranda
$1,099Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1Income earned, not collected on loans
$183Earning assets
$17,601Long-term assets (5+ years)
$787Average Assets, year-to-date
$17,958Average Assets, quarterly
$18,219Volatile liabilities
$6,757Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$650Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,353Total risk weighted assets
$12,622Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$1,377Total interest expense
$514Net interest income
$863Provision for loan and lease losses
$100Total noninterest income
$43Fiduciary activities
$0Service charges on deposit accounts
$14Trading account gains & fees
$0Additional noninterest income
$29Total noninterest expense
$310Salaries and employee benefits
$169Premises and equipment expense
$37Additional noninterest expense
$104Pre-tax net operating income
$496Securities gains (losses)
$0Applicable income taxes
$169Income before extraordinary items
$327Extraordinary gains - net
$0Net income attributable to bank
$327Net charge-offs
$158Cash dividends
$77Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.02%Cost of funding earning assets
2.99%Net interest margin
5.02%Noninterest income to earning assets
0.25%Noninterest expense to earning assets
1.81%Net operating income to assets
1.82%Return on assets (ROA)
1.82%Pretax return on assets
2.76%Return on equity (ROE)
14.36%Retained earnings to average equity (YTD only)
10.98%Net charge-offs to loans
1.42%Credit loss provision to net charge-offs
63.29%Efficiency ratio
34,216Assets per employee
3.07%Cash dividends to net income (YTD only)
Condition Ratios (%)
23.55%Loss allowance to loans
3.77%Loss allowance to noncurrent loans
46100.00%Noncurrent assets plus other real estate owned to assets
0.01%Noncurrent loans to loans
0.01%Net loans and leases to deposits
73.31%Net loans and leases to core deposits
126.74%Equity capital to assets
12.77%Core capital (leverage) ratio
12.47%Tier 1 risk-based capital ratio
18.64%Total risk-based capital ratio
Memoranda
$20Average assets
$17,958Average earning assets
$2,277Average equity
$17,174Average loans

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