First Citizens Bank of Monroe County in Monroeville, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 19, 1998

First Citizens Bank of Monroe County in Monroeville, Alabama (AL)
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First Citizens Bank of Monroe County - Overview

General
FDIC Certificate #: 26989
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Superior Bank (#17750)
Federal Reserve ID: 550934
Date Established: July 01, 1987
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 14535
FDIC's unique #: 36408
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: July 01, 1987
Last Structure Change Effective Date: October 19, 1998
Last Structure Change Process Date: Febuary 03, 1999
Last Data Update: Febuary 03, 1999
Data Source Date: April 05, 2012
Location
Address: 915 South Alabama Avenue, Monroeville, AL 36460
County: Monroe
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: $38.8 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
23Total employees (full-time equivalent)
$35,042Total assets
$994Cash and due from depository institutions
$0Interest-bearing balances
$2,384Securities
$0Federal funds sold & reverse repurchase agreements
$29,928Net loans & leases
$265Loan loss allowance
$0Trading account assets
$584Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,152All other assets
$35,042Total liabilities and capital
$32,045Total liabilities
$31,574Total deposits
$26,885Interest-bearing deposits
$31,574Deposits held in domestic offices
0.00%% insured (estimated)
$50Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$421All other liabilities
$2,997Total equity capital
$2,997Total bank equity capital
$2,997Perpetual preferred stock
$0Common stock
$75Surplus
$800Undivided profits
Memoranda
$2,122Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$111Earning assets
$0Long-term assets (5+ years)
$433Average Assets, year-to-date
$32,312Average Assets, quarterly
$1,741Volatile liabilities
$33,442Insider loans
$34,607FHLB advances
$6,381Loans and leases held for sale
$1,412Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$772Total unused commitments
$0Restructured Loans and leases
$29,741Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$2,956Total interest income
$1,215Total interest expense
$1,741Net interest income
$218Provision for loan and lease losses
$417Total noninterest income
$0Fiduciary activities
$323Service charges on deposit accounts
$0Trading account gains & fees
$94Additional noninterest income
$1,303Total noninterest expense
$641Salaries and employee benefits
$206Premises and equipment expense
$456Additional noninterest expense
$637Pre-tax net operating income
$0Securities gains (losses)
$213Applicable income taxes
$424Income before extraordinary items
$0Extraordinary gains - net
$424Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$148Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
9.88%Yield on earning assets
4.06%Cost of funding earning assets
5.82%Net interest margin
1.39%Noninterest income to earning assets
4.36%Noninterest expense to earning assets
1.27%Net operating income to assets
1.27%Return on assets (ROA)
1.90%Pretax return on assets
15.18%Return on equity (ROE)
15.18%Retained earnings to average equity (YTD only)
0.55%Net charge-offs to loans
147.30%Credit loss provision to net charge-offs
5.78%Efficiency ratio
60,380Assets per employee
1.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.88%Loss allowance to noncurrent loans
238.74%Noncurrent assets plus other real estate owned to assets
0.32%Noncurrent loans to loans
0.37%Net loans and leases to deposits
94.79%Net loans and leases to core deposits
118.56%Equity capital to assets
8.55%Core capital (leverage) ratio
8.63%Tier 1 risk-based capital ratio
10.06%Total risk-based capital ratio
Memoranda
$11Average assets
$33,442Average earning assets
$2,793Average equity
$29,916Average loans

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