Bank of Wedowee in city_name, state_name - Detailed Financial Reports, Location

Bank of Wedowee in Wedowee, Alabama (AL)
Show street view No street view available for this location

Bank of Wedowee routing number info

Bank of Wedowee - Overview

General
FDIC Certificate #: 5608
Status: Active
Federal Reserve ID: 358233
Bank Holding Company (Regulatory Top Holder): Swann Bancshares, Inc. (RSSDID: 3100330, Location: Wedowee, AL)
Date Established: Febuary 06, 1906
WWW: http://www.bankofwedowee.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 14631
FDIC's unique #: 3818
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: Febuary 24, 2011
Last Structure Change Process Date: Febuary 24, 2011
Last Data Update: Febuary 24, 2011
Data Source Date: April 05, 2012
Location
Address: 112 West Broad Street, Wedowee, AL 36278
County: Randolph
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
History of Changes
Change in Geographic Region/Area/Territory/Field Office
Financial Summary
Total assets: $119.5 mil
Equity capital: $14.0 mil
Deposits held in domestic offices: $99.0 mil
Return on assets (ROA): 0.33% ($0.4 mil)
Quarterly return on assets: 0.35% ($0.4 mil)
Return on Equity (ROE): 2.86% ($0.4 mil)
Quarterly return on equity: 2.95% ($0.4 mil)
Net income: $0.4 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.33% ($394.5 mil)
Quarterly Pretax return on assets: 0.32% ($382.5 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, 2011)

Dollar figures in thousands
36Total employees (full-time equivalent)
$119,540Total assets
$21,284Cash and due from depository institutions
$13,093Interest-bearing balances
$29,330Securities
$10,735Federal funds sold & reverse repurchase agreements
$46,628Net loans & leases
$755Loan loss allowance
$0Trading account assets
$2,610Bank premises and fixed assets
$800Other real estate owned
$0Goodwill and other intangibles
$119,540Life insurance assets
$8,153All other assets
$105,568Total liabilities and capital
$98,988Total liabilities
$82,314Total deposits
$98,988Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$6,000Trading liabilities
$0Other borrowed funds
$580Subordinated debt
$13,972All other liabilities
$13,972Total equity capital
$13,972Total bank equity capital
$0Perpetual preferred stock
$80Common stock
$2,000Surplus
$11,892Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,795Income earned, not collected on loans
$0Earning assets
$555Long-term assets (5+ years)
$99,786Average Assets, year-to-date
$26,390Average Assets, quarterly
$120,668Volatile liabilities
$119,584Insider loans
$58,531FHLB advances
$116,893Loans and leases held for sale
$4,153Unused loan commitments
$4,153Tier 1 (core) risk-based capital
$11,301Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,483Restructured Loans and leases
$1,604Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$4,545Total interest income
$1,585Total interest expense
$2,960Net interest income
$30Provision for loan and lease losses
$585Total noninterest income
$0Fiduciary activities
$281Service charges on deposit accounts
$0Trading account gains & fees
$304Additional noninterest income
$3,132Total noninterest expense
$1,958Salaries and employee benefits
$437Premises and equipment expense
$737Additional noninterest expense
$383Pre-tax net operating income
$15Securities gains (losses)
$1Applicable income taxes
$397Income before extraordinary items
$0Extraordinary gains - net
$397Net income attributable to bank
$0Net charge-offs
$397Cash dividends
$180Sale, conversion, retirement of capital stock, net
$300Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.52%Yield on earning assets
1.58%Cost of funding earning assets
2.94%Net interest margin
0.58%Noninterest income to earning assets
3.11%Noninterest expense to earning assets
0.32%Net operating income to assets
0.33%Return on assets (ROA)
0.33%Pretax return on assets
2.86%Return on equity (ROE)
0.70%Retained earnings to average equity (YTD only)
0.37%Net charge-offs to loans
16.67%Credit loss provision to net charge-offs
2.29%Efficiency ratio
88,350Assets per employee
3.32%Cash dividends to net income (YTD only)
Condition Ratios (%)
75.57%Loss allowance to loans
1.59%Loss allowance to noncurrent loans
42.06%Noncurrent assets plus other real estate owned to assets
2.17%Noncurrent loans to loans
3.79%Net loans and leases to deposits
47.10%Net loans and leases to core deposits
49.00%Equity capital to assets
11.69%Core capital (leverage) ratio
9.67%Tier 1 risk-based capital ratio
19.31%Total risk-based capital ratio
Memoranda
$21Average assets
$120,668Average earning assets
$13,875Average equity
$100,574Average loans

List of branches

3 Alabama Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	3818	Bank Of Wedowee	112 West Broad Street, Wedowee, AL 36278	Febuary 06, 1906	Full Service Brick and Mortar
1	207883	Woodland Branch	24514 Highway 48, Woodland, AL 36280	October 01, 1971	Full Service Brick and Mortar
2	207884	Roanoke Branch	3500 Highway 431, Roanoke, AL 36274	October 14, 1997	Full Service Brick and Mortar

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

Bank of Wedowee - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

Bank of Wedowee - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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