First State Bank of Franklin County in Phil Campbell, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1993

First State Bank of Franklin County in Phil Campbell, Alabama (AL)
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First State Bank of Franklin County - Overview

General
FDIC Certificate #: 1740
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: CB&S Bank, Inc. (#15310)
Federal Reserve ID: 526630
Date Established: April 06, 1921
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 1152
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: January 01, 1934
Last Structure Change Effective Date: April 01, 1993
Last Structure Change Process Date: April 13, 1993
Last Data Update: April 13, 1993
Data Source Date: April 05, 2012
Location
Address: 18 Broad Street, Phil Campbell, AL 35581
County: Franklin
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
Financial Summary
Total assets: $27.5 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$20Total assets
$29,208Cash and due from depository institutions
$3,787Interest-bearing balances
$0Securities
$6,004Federal funds sold & reverse repurchase agreements
$2,550Net loans & leases
$15,345Loan loss allowance
$250Trading account assets
$0Bank premises and fixed assets
$1,072Other real estate owned
$148Goodwill and other intangibles
$302Life insurance assets
$0All other assets
$0Total liabilities and capital
$29,208Total liabilities
$27,375Total deposits
$27,302Interest-bearing deposits
$22,297Deposits held in domestic offices
27302.00%% insured (estimated)
$86Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$3Subordinated debt
$0All other liabilities
$70Total equity capital
$70Total bank equity capital
$1,833Perpetual preferred stock
$0Common stock
$57Surplus
$527Undivided profits
Memoranda
$1,249Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$146Income earned, not collected on loans
$152Earning assets
$23,899Long-term assets (5+ years)
$2,741Average Assets, year-to-date
$28,618Average Assets, quarterly
$28,668Volatile liabilities
$3,239Insider loans
$542FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$273Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,833Total risk weighted assets
$16,253Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$2,341Total interest expense
$1,200Net interest income
$1,141Provision for loan and lease losses
$371Total noninterest income
$185Fiduciary activities
$0Service charges on deposit accounts
$80Trading account gains & fees
$0Additional noninterest income
$105Total noninterest expense
$1,004Salaries and employee benefits
$537Premises and equipment expense
$184Additional noninterest expense
$283Pre-tax net operating income
-$49Securities gains (losses)
$1Applicable income taxes
$0Income before extraordinary items
-$48Extraordinary gains - net
$0Net income attributable to bank
-$48Net charge-offs
$170Cash dividends
$0Sale, conversion, retirement of capital stock, net
$8Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.47%Cost of funding earning assets
4.86%Net interest margin
4.62%Noninterest income to earning assets
0.75%Noninterest expense to earning assets
4.06%Net operating income to assets
-0.17%Return on assets (ROA)
-0.17%Pretax return on assets
-0.17%Return on equity (ROE)
-2.62%Retained earnings to average equity (YTD only)
-2.62%Net charge-offs to loans
1.00%Credit loss provision to net charge-offs
218.24%Efficiency ratio
75,716Assets per employee
1.46%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.60%Loss allowance to noncurrent loans
171.23%Noncurrent assets plus other real estate owned to assets
1.52%Noncurrent loans to loans
0.94%Net loans and leases to deposits
56.20%Net loans and leases to core deposits
63.77%Equity capital to assets
6.28%Core capital (leverage) ratio
6.55%Tier 1 risk-based capital ratio
11.28%Total risk-based capital ratio
Memoranda
$13Average assets
$28,618Average earning assets
$1,829Average equity
$24,714Average loans

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