FDIC Certificate #: 30926 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Citizens Trust Bank (#8033) Federal Reserve ID: 768775 Date Established: January 01, 1956 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 6125 FDIC's unique #: 43760 Numeric code: 37 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: January 07, 1957 Last Structure Change Effective Date: March 01, 2003 Last Structure Change Process Date: March 12, 2003 Last Data Update: March 12, 2003 Data Source Date: April 05, 2012
Location
Address: 1700 Third Avenue North, Birmingham, AL 35203 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)
Financial Summary
Total assets: $108.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
32Total employees (full-time equivalent)
$108,540Total assets
$5,041Cash and due from depository institutions
$957Interest-bearing balances
$62,712Securities
$1,288Federal funds sold & reverse repurchase agreements
$33,862Net loans & leases
$260Loan loss allowance
$0Trading account assets
$3,195Bank premises and fixed assets
$635Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,807All other assets
$108,540Total liabilities and capital
$97,893Total liabilities
$77,703Total deposits
$77,703Interest-bearing deposits
$77,703Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$18,998Other borrowed funds
$0Subordinated debt
$1,192All other liabilities
$10,647Total equity capital
$10,647Total bank equity capital
$10,647Perpetual preferred stock
$0Common stock
$130Surplus
$1,194Undivided profits
Memoranda
$9,323Noncurrent loans and leases
$1,669Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$472Earning assets
$0Long-term assets (5+ years)
$337Average Assets, year-to-date
$98,819Average Assets, quarterly
$0Volatile liabilities
$107,566Insider loans
$107,700FHLB advances
$60,074Loans and leases held for sale
$0Unused loan commitments
$18,950Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,669Total unused commitments
$0Restructured Loans and leases
$260Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$5,805Total interest income
$2,541Total interest expense
$3,264Net interest income
$0Provision for loan and lease losses
$583Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$583Additional noninterest income
$2,924Total noninterest expense
$1,150Salaries and employee benefits
$539Premises and equipment expense
$1,235Additional noninterest expense
$923Pre-tax net operating income
$82Securities gains (losses)
$362Applicable income taxes
$643Income before extraordinary items
$0Extraordinary gains - net
$643Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$34Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.91%Yield on earning assets
2.59%Cost of funding earning assets
3.32%Net interest margin
0.59%Noninterest income to earning assets
2.98%Noninterest expense to earning assets
0.55%Net operating income to assets
0.60%Return on assets (ROA)
0.93%Pretax return on assets
6.44%Return on equity (ROE)
6.44%Retained earnings to average equity (YTD only)
-0.09%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
76,007Assets per employee
3.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.76%Loss allowance to noncurrent loans
55.08%Noncurrent assets plus other real estate owned to assets
0.92%Noncurrent loans to loans
1.38%Net loans and leases to deposits
43.58%Net loans and leases to core deposits
92.45%Equity capital to assets
9.81%Core capital (leverage) ratio
9.20%Tier 1 risk-based capital ratio
22.10%Total risk-based capital ratio
Memoranda
$22Average assets
$107,566Average earning assets
$9,977Average equity
$98,214Average loans
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