First Commercial Bank of Huntsville in city_name, state_name

First Commercial Bank of Huntsville in Huntsville, Alabama (AL)
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First Commercial Bank of Huntsville - Overview

General
FDIC Certificate #: 25645
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Synovus Bank (#873)
Federal Reserve ID: 130635
Date Established: September 24, 1984
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Interstate: No)
OTS Docket #: 13755
FDIC's unique #: 17550
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: September 24, 1984
Last Structure Change Effective Date: June 01, 2010
Last Structure Change Process Date: June 14, 2010
Last Data Update: June 14, 2010
Data Source Date: April 05, 2012
Location
Address: 301 Washington Street, Huntsville, AL 35801
County: Madison
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
Metropolitan Statistical Area (MSA): Huntsville, AL (#3440)
Combined Statistical Area (CSA): Huntsville-Decatur, AL (#290)
Core Based Statistical Area (CBSA): Huntsville, AL (#26620)
CBSA Metro Statistical Area: Huntsville, AL (#26620)
Financial Summary
Total assets: $742.8 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, 2009)

Dollar figures in thousands
85Total employees (full-time equivalent)
$727,872Total assets
$87,347Cash and due from depository institutions
$80,021Interest-bearing balances
$71,930Securities
$26,927Federal funds sold & reverse repurchase agreements
$511,212Net loans & leases
$14,103Loan loss allowance
$0Trading account assets
$14,180Bank premises and fixed assets
$2,434Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$13,842All other assets
$727,872Total liabilities and capital
$668,148Total liabilities
$616,155Total deposits
$536,099Interest-bearing deposits
$616,155Deposits held in domestic offices
60.83%% insured (estimated)
$60Federal funds purchased & repurchase agreements
$0Trading liabilities
$50,000Other borrowed funds
$0Subordinated debt
$1,933All other liabilities
$59,724Total equity capital
$59,724Total bank equity capital
$59,724Perpetual preferred stock
$0Common stock
$150Surplus
$24,137Undivided profits
Memoranda
$35,437Noncurrent loans and leases
$174,994Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$11,903Earning assets
$0Long-term assets (5+ years)
$2,408Average Assets, year-to-date
$690,090Average Assets, quarterly
$80,968Volatile liabilities
$685,622Insider loans
$720,272FHLB advances
$162,635Loans and leases held for sale
$26,747Unused loan commitments
$50,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$174,994Total unused commitments
$0Restructured Loans and leases
$7,588Derivatives

Income and Expense (December 31, 2009)

Dollar figures in thousands
$32,917Total interest income
$8,263Total interest expense
$24,654Net interest income
$6,219Provision for loan and lease losses
$3,725Total noninterest income
$0Fiduciary activities
$1,696Service charges on deposit accounts
$0Trading account gains & fees
$2,029Additional noninterest income
$13,070Total noninterest expense
$6,230Salaries and employee benefits
$1,208Premises and equipment expense
$5,632Additional noninterest expense
$9,090Pre-tax net operating income
$499Securities gains (losses)
$3,630Applicable income taxes
$5,959Income before extraordinary items
$0Extraordinary gains - net
$5,959Net income attributable to bank
$0Net charge-offs
$5,959Cash dividends
$1,869Sale, conversion, retirement of capital stock, net
$6,834Net operating income

Performance and Condition Ratios (December 31, 2009)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.06%Yield on earning assets
1.27%Cost of funding earning assets
3.79%Net interest margin
0.57%Noninterest income to earning assets
2.01%Noninterest expense to earning assets
0.82%Net operating income to assets
0.87%Return on assets (ROA)
1.40%Pretax return on assets
9.75%Return on equity (ROE)
-1.43%Retained earnings to average equity (YTD only)
0.35%Net charge-offs to loans
332.74%Credit loss provision to net charge-offs
8.19%Efficiency ratio
46,055Assets per employee
8.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
114.68%Loss allowance to loans
2.68%Loss allowance to noncurrent loans
118.48%Noncurrent assets plus other real estate owned to assets
1.97%Noncurrent loans to loans
2.27%Net loans and leases to deposits
82.97%Net loans and leases to core deposits
104.63%Equity capital to assets
8.21%Core capital (leverage) ratio
8.21%Tier 1 risk-based capital ratio
9.69%Total risk-based capital ratio
Memoranda
$11Average assets
$685,622Average earning assets
$61,092Average equity
$651,101Average loans

First Commercial Bank of Huntsville in Huntsville, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Commercial Bank of Huntsville - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

Comment about this bank, ask questions, or add new information about it:

First Commercial Bank of Huntsville in Huntsville, Alabama (AL)Overview, Financial Summary, Detailed Financial Reports, Branches

First Commercial Bank of Huntsville - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

Comment about this bank, ask questions, or add new information about it:

First Commercial Bank of Huntsville in Huntsville, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches