FDIC Certificate #: 2778 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First American Bank (#23577) Federal Reserve ID: 667038 Date Established: January 01, 1909 WWW:http://www.first-citizens-bank.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 15869 FDIC's unique #: 1812 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes Oakar Institutions: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: May 21, 2005 Last Structure Change Process Date: August 05, 2005 Last Data Update: August 05, 2005 Data Source Date: April 05, 2012
Location
Address: 409 East Battle Street, Talladega, AL 35160 County: Talladega 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): Talladega-Sylacauga, AL (#45180) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $105.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
29Total employees (full-time equivalent)
$106,917Total assets
$3,209Cash and due from depository institutions
$590Interest-bearing balances
$45,169Securities
$3,423Federal funds sold & reverse repurchase agreements
$48,943Net loans & leases
$624Loan loss allowance
$0Trading account assets
$1,693Bank premises and fixed assets
$0Other real estate owned
$83Goodwill and other intangibles
$0Life insurance assets
$4,397All other assets
$106,917Total liabilities and capital
$98,770Total liabilities
$87,109Total deposits
$70,678Interest-bearing deposits
$87,109Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$11,000Other borrowed funds
$0Subordinated debt
$661All other liabilities
$8,147Total equity capital
$8,147Total bank equity capital
$8,147Perpetual preferred stock
$0Common stock
$100Surplus
$4,063Undivided profits
Memoranda
$3,984Noncurrent loans and leases
$4,143Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$109Earning assets
$0Long-term assets (5+ years)
$582Average Assets, year-to-date
$98,125Average Assets, quarterly
$41,660Volatile liabilities
$109,588Insider loans
$106,973FHLB advances
$15,738Loans and leases held for sale
$2,383Unused loan commitments
$11,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$90Total risk weighted assets
$4,143Total unused commitments
$0Restructured Loans and leases
$624Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$5,505Total interest income
$1,296Total interest expense
$4,209Net interest income
$25Provision for loan and lease losses
$936Total noninterest income
$0Fiduciary activities
$640Service charges on deposit accounts
$0Trading account gains & fees
$296Additional noninterest income
$2,366Total noninterest expense
$1,234Salaries and employee benefits
$287Premises and equipment expense
$845Additional noninterest expense
$2,754Pre-tax net operating income
$0Securities gains (losses)
$741Applicable income taxes
$2,013Income before extraordinary items
$0Extraordinary gains - net
$2,013Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$10Sale, conversion, retirement of capital stock, net
$1,275Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.46%Yield on earning assets
1.29%Cost of funding earning assets
4.17%Net interest margin
0.93%Noninterest income to earning assets
2.35%Noninterest expense to earning assets
1.84%Net operating income to assets
1.84%Return on assets (ROA)
2.51%Pretax return on assets
25.87%Return on equity (ROE)
9.49%Retained earnings to average equity (YTD only)
-0.02%Net charge-offs to loans
-250.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
45,423Assets per employee
3.69%Cash dividends to net income (YTD only)
Condition Ratios (%)
63.34%Loss allowance to loans
1.26%Loss allowance to noncurrent loans
572.48%Noncurrent assets plus other real estate owned to assets
0.10%Noncurrent loans to loans
0.22%Net loans and leases to deposits
56.19%Net loans and leases to core deposits
68.58%Equity capital to assets
7.62%Core capital (leverage) ratio
7.48%Tier 1 risk-based capital ratio
14.84%Total risk-based capital ratio
Memoranda
$16Average assets
$109,588Average earning assets
$7,780Average equity
$100,851Average loans
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