FDIC Certificate #: 2784 Status: Active Federal Reserve ID: 533535 Bank Holding Company (Regulatory Top Holder): First Boaz Bancorporation (RSSDID: 1082889, Location: Boaz, AL) Date Established: January 01, 1906 WWW:http://www.firstbankofboaz.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 1816 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: Febuary 24, 2011 Last Structure Change Process Date: Febuary 24, 2011 Last Data Update: Febuary 24, 2011 Data Source Date: April 05, 2012
Location
Address: 124 South Main Street, Boaz, AL 35957 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
History of Changes
Change in Geographic Region/Area/Territory/Field Office
Financial Summary
Total assets: $182.6 mil Equity capital: $30.7 mil Deposits held in domestic offices: $129.8 mil Return on assets (ROA): 1.83% ($3.3 mil) Quarterly return on assets: 1.98% ($3.6 mil) Return on Equity (ROE): 11.88% ($3.7 mil) Quarterly return on equity: 11.92% ($3.7 mil) Net income: $3.3 mil Quarterly Net income: $0.9 mil Pretax return on assets: 2.28% ($4,162.6 mil) Quarterly Pretax return on assets: 2.21% ($4,034.8 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
28Total employees (full-time equivalent)
$182,570Total assets
$1,900Cash and due from depository institutions
$47Interest-bearing balances
$124,574Securities
$3,950Federal funds sold & reverse repurchase agreements
$47,918Net loans & leases
$799Loan loss allowance
$0Trading account assets
$553Bank premises and fixed assets
$85Other real estate owned
$0Goodwill and other intangibles
$182,570Life insurance assets
$3,590All other assets
$151,866Total liabilities and capital
$129,766Total liabilities
$111,370Total deposits
$129,766Interest-bearing deposits
$89Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$20,000Trading liabilities
$0Other borrowed funds
$2,100Subordinated debt
$30,704All other liabilities
$30,704Total equity capital
$30,704Total bank equity capital
$0Perpetual preferred stock
$80Common stock
$1,520Surplus
$29,104Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$18Income earned, not collected on loans
$0Earning assets
$265Long-term assets (5+ years)
$176,489Average Assets, year-to-date
$120,746Average Assets, quarterly
$178,343Volatile liabilities
$183,983Insider loans
$97,053FHLB advances
$181,772Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$27,911Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$7,882Restructured Loans and leases
$3,388Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$8,377Total interest income
$2,146Total interest expense
$6,231Net interest income
$240Provision for loan and lease losses
$499Total noninterest income
$0Fiduciary activities
$334Service charges on deposit accounts
$0Trading account gains & fees
$165Additional noninterest income
$2,835Total noninterest expense
$1,441Salaries and employee benefits
$371Premises and equipment expense
$1,023Additional noninterest expense
$3,655Pre-tax net operating income
$408Securities gains (losses)
$796Applicable income taxes
$3,267Income before extraordinary items
$0Extraordinary gains - net
$3,267Net income attributable to bank
$0Net charge-offs
$3,267Cash dividends
$187Sale, conversion, retirement of capital stock, net
$689Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.90%Yield on earning assets
1.25%Cost of funding earning assets
3.64%Net interest margin
0.29%Noninterest income to earning assets
1.66%Noninterest expense to earning assets
1.65%Net operating income to assets
1.83%Return on assets (ROA)
2.28%Pretax return on assets
11.88%Return on equity (ROE)
9.38%Retained earnings to average equity (YTD only)
0.39%Net charge-offs to loans
128.34%Credit loss provision to net charge-offs
20.83%Efficiency ratio
42,125Assets per employee
6.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
21.09%Loss allowance to loans
1.64%Loss allowance to noncurrent loans
4438.89%Noncurrent assets plus other real estate owned to assets
0.06%Noncurrent loans to loans
0.04%Net loans and leases to deposits
36.93%Net loans and leases to core deposits
38.82%Equity capital to assets
16.82%Core capital (leverage) ratio
15.35%Tier 1 risk-based capital ratio
28.76%Total risk-based capital ratio
Memoranda
$30Average assets
$178,343Average earning assets
$27,490Average equity
$171,051Average loans
List of branches
1 Alabama Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
1816
First Bank Of Boaz
124 South Main Street, Boaz, AL 35957
January 01, 1906
Full Service Brick and Mortar
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