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

This bank is inactive as of November 06, 1998

Commerce Bank of Alabama in Albertville, Alabama (AL)
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Commerce Bank of Alabama - Overview

General
FDIC Certificate #: 33998
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Superior Bank (#17750)
Federal Reserve ID: 2291099
Date Established: April 03, 1995
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 55576
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 03, 1995
Last Structure Change Effective Date: November 06, 1998
Last Structure Change Process Date: Febuary 17, 1999
Last Data Update: Febuary 17, 1999
Data Source Date: April 05, 2012
Location
Address: 301 North Broad Street, Albertville, AL 35950
County: Marshall
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
Core Based Statistical Area (CBSA): Albertville, AL (#10700)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $130.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
56Total employees (full-time equivalent)
$105,295Total assets
$5,641Cash and due from depository institutions
$0Interest-bearing balances
$12,195Securities
$6,635Federal funds sold & reverse repurchase agreements
$76,761Net loans & leases
$698Loan loss allowance
$0Trading account assets
$2,822Bank premises and fixed assets
$156Other real estate owned
$9Goodwill and other intangibles
$0Life insurance assets
$1,076All other assets
$105,295Total liabilities and capital
$98,785Total liabilities
$97,473Total deposits
$88,943Interest-bearing deposits
$97,473Deposits held in domestic offices
0.00%% insured (estimated)
$216Federal funds purchased & repurchase agreements
$0Trading liabilities
$352Other borrowed funds
$0Subordinated debt
$744All other liabilities
$6,510Total equity capital
$6,510Total bank equity capital
$6,510Perpetual preferred stock
$0Common stock
$7Surplus
$7,010Undivided profits
Memoranda
$-507Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$538Earning assets
$298Long-term assets (5+ years)
$382Average Assets, year-to-date
$95,591Average Assets, quarterly
$13,368Volatile liabilities
$88,369Insider loans
$100,088FHLB advances
$18,983Loans and leases held for sale
$1,587Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$10,733Total unused commitments
$0Restructured Loans and leases
$82,429Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$7,232Total interest income
$4,028Total interest expense
$3,205Net interest income
$584Provision for loan and lease losses
$855Total noninterest income
$0Fiduciary activities
$509Service charges on deposit accounts
$0Trading account gains & fees
$346Additional noninterest income
$3,127Total noninterest expense
$1,732Salaries and employee benefits
$417Premises and equipment expense
$978Additional noninterest expense
$349Pre-tax net operating income
-$1Securities gains (losses)
$120Applicable income taxes
$228Income before extraordinary items
$0Extraordinary gains - net
$228Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$297Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
9.09%Yield on earning assets
5.06%Cost of funding earning assets
4.03%Net interest margin
1.07%Noninterest income to earning assets
3.93%Noninterest expense to earning assets
0.26%Net operating income to assets
0.26%Return on assets (ROA)
0.39%Pretax return on assets
3.60%Return on equity (ROE)
3.60%Retained earnings to average equity (YTD only)
0.45%Net charge-offs to loans
196.63%Credit loss provision to net charge-offs
3.14%Efficiency ratio
76,798Assets per employee
1.88%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.90%Loss allowance to noncurrent loans
129.74%Noncurrent assets plus other real estate owned to assets
0.66%Noncurrent loans to loans
0.69%Net loans and leases to deposits
78.75%Net loans and leases to core deposits
97.18%Equity capital to assets
6.18%Core capital (leverage) ratio
6.67%Tier 1 risk-based capital ratio
7.85%Total risk-based capital ratio
Memoranda
$9Average assets
$88,369Average earning assets
$6,337Average equity
$79,535Average loans

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