First Bank and Trust in Grove Hill, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1997

First Bank and Trust in Grove Hill, Alabama (AL)
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First Bank and Trust - Overview

General
FDIC Certificate #: 5610
Status: Inactive
Closing history: Absorption - Without Assistance
Acquiring institution: First United Security Bank (#17077)
Federal Reserve ID: 148135
Date Established: January 01, 1910
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Interstate: No)
OTS Docket #: 9203
FDIC's unique #: 3820
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: January 01, 1934
Last Structure Change Effective Date: July 01, 1997
Last Structure Change Process Date: July 28, 1997
Last Data Update: July 28, 1997
Data Source Date: April 05, 2012
Location
Address: 131 Main Street, Grove Hill, AL 36451
County: Clarke
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Montgomery
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Financial Summary
Total assets: $186.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$113Total assets
$193,782Cash and due from depository institutions
$7,696Interest-bearing balances
$45Securities
$34,739Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$139,725Loan loss allowance
$1,943Trading account assets
$0Bank premises and fixed assets
$2,626Other real estate owned
$1,856Goodwill and other intangibles
$4,756Life insurance assets
$2,384All other assets
$0Total liabilities and capital
$193,782Total liabilities
$173,565Total deposits
$166,507Interest-bearing deposits
$145,480Deposits held in domestic offices
166507.00%% insured (estimated)
$87Federal funds purchased & repurchase agreements
$79Trading liabilities
$0Other borrowed funds
$5,439Subordinated debt
$0All other liabilities
$1,540Total equity capital
$1,540Total bank equity capital
$20,217Perpetual preferred stock
$0Common stock
$25Surplus
$5,551Undivided profits
Memoranda
$14,641Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,219Income earned, not collected on loans
$1,537Earning assets
$174,509Long-term assets (5+ years)
$20,826Average Assets, year-to-date
$187,228Average Assets, quarterly
$192,616Volatile liabilities
$22,658Insider loans
$791FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$15,806Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$17,850Total risk weighted assets
$142,629Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$16,399Total interest expense
$6,735Net interest income
$9,664Provision for loan and lease losses
$722Total noninterest income
$1,393Fiduciary activities
$0Service charges on deposit accounts
$954Trading account gains & fees
$0Additional noninterest income
$439Total noninterest expense
$6,022Salaries and employee benefits
$3,169Premises and equipment expense
$696Additional noninterest expense
$2,157Pre-tax net operating income
$4,313Securities gains (losses)
-$83Applicable income taxes
$1,281Income before extraordinary items
$2,949Extraordinary gains - net
$0Net income attributable to bank
$2,949Net charge-offs
$468Cash dividends
$953Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.68%Cost of funding earning assets
3.98%Net interest margin
5.70%Noninterest income to earning assets
0.82%Noninterest expense to earning assets
3.55%Net operating income to assets
1.61%Return on assets (ROA)
1.58%Pretax return on assets
2.26%Return on equity (ROE)
15.26%Retained earnings to average equity (YTD only)
10.33%Net charge-offs to loans
0.35%Credit loss provision to net charge-offs
154.27%Efficiency ratio
52,700Assets per employee
1.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
32.32%Loss allowance to loans
1.37%Loss allowance to noncurrent loans
159.39%Noncurrent assets plus other real estate owned to assets
0.64%Noncurrent loans to loans
0.86%Net loans and leases to deposits
83.92%Net loans and leases to core deposits
96.93%Equity capital to assets
10.43%Core capital (leverage) ratio
9.48%Tier 1 risk-based capital ratio
12.52%Total risk-based capital ratio
Memoranda
$14Average assets
$187,228Average earning assets
$19,321Average equity
$169,397Average loans

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