Brent Banking Company in Brent, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 1996

Brent Banking Company in Brent, Alabama (AL)
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Brent Banking Company - Overview

General
FDIC Certificate #: 16772
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First United Security Bank (#17077)
Federal Reserve ID: 463230
Date Established: January 02, 1912
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 10884
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: March 04, 1949
Last Structure Change Effective Date: June 01, 1996
Last Structure Change Process Date: July 23, 1996
Last Data Update: July 23, 1996
Data Source Date: April 05, 2012
Location
Address: 17 Main Street, Brent, AL 35034
County: Bibb
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
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)
Financial Summary
Total assets: $37.0 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$17Total assets
$36,040Cash and due from depository institutions
$1,194Interest-bearing balances
$0Securities
$15,794Federal funds sold & reverse repurchase agreements
$2,400Net loans & leases
$15,730Loan loss allowance
$317Trading account assets
$0Bank premises and fixed assets
$395Other real estate owned
$0Goodwill and other intangibles
$527Life insurance assets
$0All other assets
$0Total liabilities and capital
$36,040Total liabilities
$31,362Total deposits
$31,193Interest-bearing deposits
$27,087Deposits held in domestic offices
31193.00%% insured (estimated)
$88Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$169Total equity capital
$169Total bank equity capital
$4,678Perpetual preferred stock
$0Common stock
$400Surplus
$550Undivided profits
Memoranda
$3,728Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$55Income earned, not collected on loans
$117Earning assets
$33,924Long-term assets (5+ years)
$2,246Average Assets, year-to-date
$36,251Average Assets, quarterly
$36,895Volatile liabilities
$2,663Insider loans
$719FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$750Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,677Total risk weighted assets
$19,551Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$2,760Total interest expense
$1,308Net interest income
$1,452Provision for loan and lease losses
$0Total noninterest income
$168Fiduciary activities
$0Service charges on deposit accounts
$123Trading account gains & fees
$0Additional noninterest income
$45Total noninterest expense
$961Salaries and employee benefits
$473Premises and equipment expense
$200Additional noninterest expense
$288Pre-tax net operating income
$659Securities gains (losses)
$0Applicable income taxes
$172Income before extraordinary items
$487Extraordinary gains - net
$0Net income attributable to bank
$487Net charge-offs
-$6Cash dividends
$1,500Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.12%Cost of funding earning assets
3.85%Net interest margin
4.27%Noninterest income to earning assets
0.49%Noninterest expense to earning assets
2.83%Net operating income to assets
1.34%Return on assets (ROA)
1.34%Pretax return on assets
1.82%Return on equity (ROE)
8.70%Retained earnings to average equity (YTD only)
-18.10%Net charge-offs to loans
-0.04%Credit loss provision to net charge-offs
0.00%Efficiency ratio
59,321Assets per employee
2.12%Cash dividends to net income (YTD only)
Condition Ratios (%)
308.01%Loss allowance to loans
1.98%Loss allowance to noncurrent loans
576.36%Noncurrent assets plus other real estate owned to assets
0.15%Noncurrent loans to loans
0.34%Net loans and leases to deposits
50.43%Net loans and leases to core deposits
55.13%Equity capital to assets
12.98%Core capital (leverage) ratio
12.58%Tier 1 risk-based capital ratio
23.92%Total risk-based capital ratio
Memoranda
$25Average assets
$36,251Average earning assets
$5,595Average equity
$33,982Average loans

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