FDIC Certificate #: 27512 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Superior Bank (#17750) Federal Reserve ID: 1387799 Date Established: April 11, 1989 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 40245 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: April 11, 1989 Last Structure Change Effective Date: July 13, 1999 Last Structure Change Process Date: September 10, 1999 Last Data Update: September 10, 1999 Data Source Date: April 05, 2012
Location
Address: 3751 Sullivan Street, Madison, AL 35758 County: Madison 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): Huntsville, AL (#3440) Combined Statistical Area (CSA): Huntsville-Decatur, AL (#290) Core Based Statistical Area (CBSA): Huntsville, AL (#26620) CBSA Metro Statistical Area: Huntsville, AL (#26620)
Financial Summary
Total assets: $38.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
23Total employees (full-time equivalent)
$40,651Total assets
$2,316Cash and due from depository institutions
$0Interest-bearing balances
$4,909Securities
$1,260Federal funds sold & reverse repurchase agreements
$27,427Net loans & leases
$1,068Loan loss allowance
$0Trading account assets
$2,755Bank premises and fixed assets
$1,297Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$687All other assets
$40,651Total liabilities and capital
$39,424Total liabilities
$39,297Total deposits
$32,709Interest-bearing deposits
$39,297Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$127All other liabilities
$1,227Total equity capital
$1,227Total bank equity capital
$1,227Perpetual preferred stock
$0Common stock
$426Surplus
$3,830Undivided profits
Memoranda
$-3,029Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,999Earning assets
$74Long-term assets (5+ years)
$457Average Assets, year-to-date
$33,596Average Assets, quarterly
$5,755Volatile liabilities
$43,607Insider loans
$43,079FHLB advances
$4,906Loans and leases held for sale
$1,091Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,165Total unused commitments
$0Restructured Loans and leases
$30,059Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$3,190Total interest income
$1,882Total interest expense
$1,308Net interest income
$1,528Provision for loan and lease losses
$1,924Total noninterest income
$0Fiduciary activities
$410Service charges on deposit accounts
$0Trading account gains & fees
$1,514Additional noninterest income
$2,581Total noninterest expense
$765Salaries and employee benefits
$420Premises and equipment expense
$1,396Additional noninterest expense
-$877Pre-tax net operating income
-$2Securities gains (losses)
$605Applicable income taxes
-$1,484Income before extraordinary items
$0Extraordinary gains - net
-$1,484Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,525Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.13%Yield on earning assets
5.38%Cost of funding earning assets
3.74%Net interest margin
5.50%Noninterest income to earning assets
7.38%Noninterest expense to earning assets
-3.40%Net operating income to assets
-3.40%Return on assets (ROA)
-2.02%Pretax return on assets
-49.09%Return on equity (ROE)
-49.09%Retained earnings to average equity (YTD only)
5.25%Net charge-offs to loans
100.20%Credit loss provision to net charge-offs
0.43%Efficiency ratio
79,858Assets per employee
1.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.75%Loss allowance to noncurrent loans
53.43%Noncurrent assets plus other real estate owned to assets
8.11%Noncurrent loans to loans
7.02%Net loans and leases to deposits
69.79%Net loans and leases to core deposits
79.75%Equity capital to assets
3.02%Core capital (leverage) ratio
2.87%Tier 1 risk-based capital ratio
4.10%Total risk-based capital ratio
Memoranda
$5Average assets
$43,607Average earning assets
$3,023Average equity
$34,956Average loans
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