FDIC Certificate #: 58510 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Whitney Bank (#33029) Federal Reserve ID: 3567504 Date Established: Febuary 16, 2007 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) FDIC's unique #: 455049 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: Febuary 16, 2007 Last Structure Change Effective Date: June 06, 2011 Last Structure Change Process Date: June 14, 2011 Last Data Update: June 14, 2011 Data Source Date: April 05, 2012
Location
Address: 127 Dauphin Street, Mobile, AL 36602 County: Mobile Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Pensacola Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Mobile, AL (#5160) Combined Statistical Area (CSA): Mobile-Daphne-Fairhope, AL (#380) Core Based Statistical Area (CBSA): Mobile, AL (#33660) CBSA Metro Statistical Area: Mobile, AL (#33660)
Financial Summary
Total assets: $199.1 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2010)
Dollar figures in thousands
46Total employees (full-time equivalent)
$199,496Total assets
$1,850Cash and due from depository institutions
$0Interest-bearing balances
$8,040Securities
$3,975Federal funds sold & reverse repurchase agreements
$167,223Net loans & leases
$4,798Loan loss allowance
$0Trading account assets
$10,055Bank premises and fixed assets
$1,442Other real estate owned
$0Goodwill and other intangibles
$2,702Life insurance assets
$6,911All other assets
$199,496Total liabilities and capital
$168,162Total liabilities
$166,510Total deposits
$125,804Interest-bearing deposits
$166,510Deposits held in domestic offices
97.17%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,652All other liabilities
$31,334Total equity capital
$31,334Total bank equity capital
$31,334Perpetual preferred stock
$0Common stock
$1,000Surplus
$36,519Undivided profits
Memoranda
$-6,185Noncurrent loans and leases
$52,342Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,232Earning assets
$0Long-term assets (5+ years)
$574Average Assets, year-to-date
$179,238Average Assets, quarterly
$23,348Volatile liabilities
$191,473Insider loans
$194,524FHLB advances
$44,579Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$52,342Total unused commitments
$1,000Restructured Loans and leases
$2,441Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$9,047Total interest income
$2,072Total interest expense
$6,975Net interest income
$2,862Provision for loan and lease losses
$1,765Total noninterest income
$129Fiduciary activities
$1,327Service charges on deposit accounts
$0Trading account gains & fees
$309Additional noninterest income
$6,414Total noninterest expense
$3,318Salaries and employee benefits
$769Premises and equipment expense
$2,327Additional noninterest expense
-$536Pre-tax net operating income
$0Securities gains (losses)
-$274Applicable income taxes
-$262Income before extraordinary items
$0Extraordinary gains - net
-$262Net income attributable to bank
$0Net charge-offs
-$262Cash dividends
$1,888Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.31%Yield on earning assets
1.22%Cost of funding earning assets
4.10%Net interest margin
1.04%Noninterest income to earning assets
3.77%Noninterest expense to earning assets
-0.14%Net operating income to assets
-0.14%Return on assets (ROA)
-0.28%Pretax return on assets
-1.14%Return on equity (ROE)
-1.14%Retained earnings to average equity (YTD only)
1.16%Net charge-offs to loans
151.59%Credit loss provision to net charge-offs
1.23%Efficiency ratio
73,387Assets per employee
4.34%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.79%Loss allowance to noncurrent loans
148.45%Noncurrent assets plus other real estate owned to assets
2.34%Noncurrent loans to loans
1.88%Net loans and leases to deposits
100.43%Net loans and leases to core deposits
137.15%Equity capital to assets
15.71%Core capital (leverage) ratio
16.38%Tier 1 risk-based capital ratio
16.12%Total risk-based capital ratio
Memoranda
$17Average assets
$191,473Average earning assets
$22,974Average equity
$170,256Average loans
Total Fiduciary and Related Assets (December 31, 2010)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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