FDIC Certificate #: 29798 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Financial Bank (#19440) Federal Reserve ID: 134473 Date Established: November 23, 1936 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 4105 FDIC's unique #: 42632 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: November 23, 1936 Last Structure Change Effective Date: March 08, 2002 Last Structure Change Process Date: May 03, 2002 Last Data Update: May 03, 2002 Data Source Date: April 05, 2012
Location
Address: 1630 4th Avenue North, Bessemer, AL 35020 County: Jefferson 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): Birmingham, AL (#1000) Combined Statistical Area (CSA): Birmingham-Hoover-Cullman, AL (#142) Core Based Statistical Area (CBSA): Birmingham-Hoover, AL (#13820) CBSA Metro Statistical Area: Birmingham-Hoover, AL (#13820)
Financial Summary
Total assets: $140.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
54Total employees (full-time equivalent)
$140,845Total assets
$13,292Cash and due from depository institutions
$11,949Interest-bearing balances
$23,371Securities
$6,898Federal funds sold & reverse repurchase agreements
$87,436Net loans & leases
$500Loan loss allowance
$0Trading account assets
$2,939Bank premises and fixed assets
$1,089Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$5,820All other assets
$140,845Total liabilities and capital
$129,148Total liabilities
$111,243Total deposits
$107,844Interest-bearing deposits
$111,243Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$17,399Other borrowed funds
$0Subordinated debt
$506All other liabilities
$11,697Total equity capital
$11,697Total bank equity capital
$11,697Perpetual preferred stock
$0Common stock
$1Surplus
$3,001Undivided profits
Memoranda
$8,695Noncurrent loans and leases
$14,793Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,826Earning assets
$0Long-term assets (5+ years)
$1,458Average Assets, year-to-date
$129,654Average Assets, quarterly
$0Volatile liabilities
$136,634Insider loans
$141,112FHLB advances
$36,750Loans and leases held for sale
$0Unused loan commitments
$17,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$14,793Total unused commitments
$0Restructured Loans and leases
$500Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$10,229Total interest income
$5,492Total interest expense
$4,737Net interest income
$121Provision for loan and lease losses
$823Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$823Additional noninterest income
$3,681Total noninterest expense
$2,081Salaries and employee benefits
$787Premises and equipment expense
$813Additional noninterest expense
$1,758Pre-tax net operating income
$84Securities gains (losses)
$607Applicable income taxes
$1,235Income before extraordinary items
$0Extraordinary gains - net
$1,235Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$395Sale, conversion, retirement of capital stock, net
$3,350Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.08%Yield on earning assets
4.34%Cost of funding earning assets
3.74%Net interest margin
0.65%Noninterest income to earning assets
2.91%Noninterest expense to earning assets
0.86%Net operating income to assets
0.90%Return on assets (ROA)
1.35%Pretax return on assets
9.71%Return on equity (ROE)
-16.63%Retained earnings to average equity (YTD only)
0.43%Net charge-offs to loans
30.63%Credit loss provision to net charge-offs
4.76%Efficiency ratio
66,205Assets per employee
2.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
271.26%Loss allowance to loans
0.57%Loss allowance to noncurrent loans
27.38%Noncurrent assets plus other real estate owned to assets
2.07%Noncurrent loans to loans
2.08%Net loans and leases to deposits
78.60%Net loans and leases to core deposits
95.15%Equity capital to assets
8.30%Core capital (leverage) ratio
8.30%Tier 1 risk-based capital ratio
11.74%Total risk-based capital ratio
Memoranda
$12Average assets
$136,634Average earning assets
$12,719Average equity
$126,674Average loans
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