Birmingham Federal Savings Bank in Birmingham, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 06, 1993

  • Birmingham Federal Savings Bank in Birmingham, Alabama (AL)
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Birmingham Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 33641
    Status: Inactive
    Closing history: Conservatorship Institution Resolved
    Acquiring institution: First Commercial Bank (#26359)
    Federal Reserve ID: 654270
    Date Established: August 21, 1992
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 10212
    FDIC's unique #: 47722
    Numeric code: 34
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: August 21, 1992
    Last Structure Change Effective Date: August 06, 1993
    Last Structure Change Process Date: August 18, 1993
    Last Data Update: August 02, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 550 Montgomery Highway, Birmingham, AL 35216
    County: Jefferson
    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): Birmingham, AL (#1000)
    Combined Statistical Area (CSA): Birmingham-Hoover-Cullman, AL (#142)
    Core Based Statistical Area (CBSA): Birmingham-Hoover, AL (#13820)
    CBSA Metro Statistical Area: Birmingham-Hoover, AL (#13820)
  • History of Changes
  • Pass Through Receivership Merger
    Conservatorship Institution Resolved
  • Financial Summary
  • Total assets: $54.0 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $22Total assets
  • $73,865Cash and due from depository institutions
  • $8,368Interest-bearing balances
  • $7,531Securities
  • $10,536Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $49,485Loan loss allowance
  • $658Trading account assets
  • $0Bank premises and fixed assets
  • $3,708Other real estate owned
  • $946Goodwill and other intangibles
  • $822Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $73,865Total liabilities
  • $73,241Total deposits
  • $65,122Interest-bearing deposits
  • $64,275Deposits held in domestic offices
  • 65122.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $7,352Subordinated debt
  • $0All other liabilities
  • $767Total equity capital
  • $767Total bank equity capital
  • $624Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $624Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,870Income earned, not collected on loans
  • $448Earning assets
  • $67,552Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $79,177Average Assets, quarterly
  • $79,177Volatile liabilities
  • $8,352Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $624Total risk weighted assets
  • $42,867Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,215Total interest expense
  • $1,592Net interest income
  • $623Provision for loan and lease losses
  • $0Total noninterest income
  • $68Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $68Total noninterest expense
  • $885Salaries and employee benefits
  • $329Premises and equipment expense
  • $245Additional noninterest expense
  • $311Pre-tax net operating income
  • -$194Securities gains (losses)
  • $246Applicable income taxes
  • $0Income before extraordinary items
  • $52Extraordinary gains - net
  • $0Net income attributable to bank
  • $52Net charge-offs
  • $48Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 3.05%Cost of funding earning assets
  • 2.19%Net interest margin
  • 0.86%Noninterest income to earning assets
  • 0.09%Noninterest expense to earning assets
  • 1.22%Net operating income to assets
  • -0.25%Return on assets (ROA)
  • 0.07%Pretax return on assets
  • 0.07%Return on equity (ROE)
  • 7.84%Retained earnings to average equity (YTD only)
  • 7.84%Net charge-offs to loans
  • 0.09%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 128,075Assets per employee
  • 3.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.31%Loss allowance to noncurrent loans
  • 35.19%Noncurrent assets plus other real estate owned to assets
  • 3.81%Noncurrent loans to loans
  • 3.73%Net loans and leases to deposits
  • 75.99%Net loans and leases to core deposits
  • 77.17%Equity capital to assets
  • 0.84%Core capital (leverage) ratio
  • 0.84%Tier 1 risk-based capital ratio
  • 1.46%Total risk-based capital ratio
  • Memoranda
  • $3Average assets
  • $79,177Average earning assets
  • $664Average equity
  • $72,598Average loans

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