FDIC Certificate #: 2831 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Frontier Bank (#16431) Federal Reserve ID: 255136 Date Established: January 09, 1901 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 11 (Interstate: No) OTS Docket #: 11838 FDIC's unique #: 1852 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: December 16, 2002 Last Structure Change Process Date: January 03, 2003 Last Data Update: January 03, 2003 Data Source Date: April 05, 2012
Location
Address: 43 North Broadway Avenue, Sylacauga, AL 35150 County: Talladega 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 Core Based Statistical Area (CBSA): Talladega-Sylacauga, AL (#45180) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $283.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
99Total employees (full-time equivalent)
$182,774Total assets
$6,460Cash and due from depository institutions
$90Interest-bearing balances
$23,942Securities
$6,296Federal funds sold & reverse repurchase agreements
$129,581Net loans & leases
$1,600Loan loss allowance
$0Trading account assets
$7,095Bank premises and fixed assets
$81Other real estate owned
$1,963Goodwill and other intangibles
$0Life insurance assets
$7,356All other assets
$182,774Total liabilities and capital
$167,340Total liabilities
$143,668Total deposits
$120,802Interest-bearing deposits
$143,668Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$21,627Other borrowed funds
$0Subordinated debt
$2,045All other liabilities
$15,434Total equity capital
$15,434Total bank equity capital
$15,434Perpetual preferred stock
$0Common stock
$150Surplus
$8,662Undivided profits
Memoranda
$6,622Noncurrent loans and leases
$19,781Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,081Earning assets
$0Long-term assets (5+ years)
$1,300Average Assets, year-to-date
$159,909Average Assets, quarterly
$23,351Volatile liabilities
$160,917Insider loans
$182,241FHLB advances
$29,352Loans and leases held for sale
$3,257Unused loan commitments
$21,592Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$19,781Total unused commitments
$42Restructured Loans and leases
$1,600Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$11,779Total interest income
$5,854Total interest expense
$5,925Net interest income
$167Provision for loan and lease losses
$2,385Total noninterest income
$0Fiduciary activities
$814Service charges on deposit accounts
$0Trading account gains & fees
$1,571Additional noninterest income
$5,379Total noninterest expense
$2,971Salaries and employee benefits
$728Premises and equipment expense
$1,680Additional noninterest expense
$2,764Pre-tax net operating income
$250Securities gains (losses)
$893Applicable income taxes
$2,121Income before extraordinary items
$0Extraordinary gains - net
$2,121Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$75Sale, conversion, retirement of capital stock, net
$2,003Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.27%Yield on earning assets
4.11%Cost of funding earning assets
4.16%Net interest margin
1.67%Noninterest income to earning assets
3.78%Noninterest expense to earning assets
1.21%Net operating income to assets
1.32%Return on assets (ROA)
1.87%Pretax return on assets
15.14%Return on equity (ROE)
0.84%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
222.67%Credit loss provision to net charge-offs
39.08%Efficiency ratio
63,201Assets per employee
1.85%Cash dividends to net income (YTD only)
Condition Ratios (%)
94.44%Loss allowance to loans
1.22%Loss allowance to noncurrent loans
76.89%Noncurrent assets plus other real estate owned to assets
1.18%Noncurrent loans to loans
1.59%Net loans and leases to deposits
90.19%Net loans and leases to core deposits
113.35%Equity capital to assets
8.44%Core capital (leverage) ratio
7.53%Tier 1 risk-based capital ratio
9.54%Total risk-based capital ratio
Memoranda
$11Average assets
$160,917Average earning assets
$14,010Average equity
$142,392Average loans
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