FDIC Certificate #: 852 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Merchants and Farmers Bank (#9361) Federal Reserve ID: 357432 Date Established: January 01, 1892 WWW:http://www.fnbanksc.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 6 (Interstate: No) OTS Docket #: 11610 FDIC's unique #: 538 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: Febuary 17, 2006 Last Structure Change Process Date: Febuary 22, 2006 Last Data Update: Febuary 22, 2006 Data Source Date: April 05, 2012
Location
Address: East College Street, Columbiana, AL 35051 County: Shelby 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: $179.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
79Total employees (full-time equivalent)
$179,364Total assets
$14,009Cash and due from depository institutions
$6,233Interest-bearing balances
$39,464Securities
$11,100Federal funds sold & reverse repurchase agreements
$98,827Net loans & leases
$2,204Loan loss allowance
$0Trading account assets
$5,781Bank premises and fixed assets
$1,741Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$8,442All other assets
$179,364Total liabilities and capital
$164,247Total liabilities
$141,329Total deposits
$110,494Interest-bearing deposits
$141,329Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$22,000Other borrowed funds
$0Subordinated debt
$918All other liabilities
$15,117Total equity capital
$15,117Total bank equity capital
$15,117Perpetual preferred stock
$0Common stock
$600Surplus
$2,550Undivided profits
Memoranda
$11,967Noncurrent loans and leases
$13,877Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,346Earning assets
$63Long-term assets (5+ years)
$816Average Assets, year-to-date
$155,624Average Assets, quarterly
$34,688Volatile liabilities
$192,403Insider loans
$182,118FHLB advances
$23,783Loans and leases held for sale
$828Unused loan commitments
$22,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$13,877Total unused commitments
$0Restructured Loans and leases
$1,498Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$9,471Total interest income
$2,926Total interest expense
$6,545Net interest income
$0Provision for loan and lease losses
$1,797Total noninterest income
$0Fiduciary activities
$1,093Service charges on deposit accounts
$0Trading account gains & fees
$704Additional noninterest income
$8,041Total noninterest expense
$3,880Salaries and employee benefits
$1,168Premises and equipment expense
$2,993Additional noninterest expense
$301Pre-tax net operating income
$159Securities gains (losses)
$228Applicable income taxes
$232Income before extraordinary items
$0Extraordinary gains - net
$232Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$534Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.66%Yield on earning assets
1.75%Cost of funding earning assets
3.91%Net interest margin
1.07%Noninterest income to earning assets
4.80%Noninterest expense to earning assets
0.07%Net operating income to assets
0.12%Return on assets (ROA)
0.24%Pretax return on assets
1.51%Return on equity (ROE)
1.51%Retained earnings to average equity (YTD only)
0.49%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.56%Efficiency ratio
96,392Assets per employee
2.27%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.18%Loss allowance to noncurrent loans
93.95%Noncurrent assets plus other real estate owned to assets
2.28%Noncurrent loans to loans
2.32%Net loans and leases to deposits
69.93%Net loans and leases to core deposits
84.08%Equity capital to assets
8.43%Core capital (leverage) ratio
8.21%Tier 1 risk-based capital ratio
12.48%Total risk-based capital ratio
Memoranda
$14Average assets
$192,403Average earning assets
$15,329Average equity
$167,375Average loans
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