Home Federal Savings Bank of Alabama in Lafayette, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 27, 1993

Home Federal Savings Bank of Alabama in Lafayette, Alabama (AL)
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Home Federal Savings Bank of Alabama - Overview

General
FDIC Certificate #: 31279
Status: Inactive
Closing history: Corrections
Acquiring institution: Colonial Bank (#9609)
Federal Reserve ID: 365473
Date Established: September 15, 1961
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 6657
FDIC's unique #: 44113
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: September 15, 1961
Last Structure Change Effective Date: March 27, 1993
Last Structure Change Process Date: April 13, 1993
Last Data Update: March 28, 1995
Data Source Date: April 05, 2012
Location
Address: 54 North Lafayette Street, Lafayette, AL 36862
County: Chambers
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Montgomery
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
Core Based Statistical Area (CBSA): Valley, AL (#46740)
CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $87.6 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$52Total assets
$87,600Cash and due from depository institutions
$6,690Interest-bearing balances
$5,914Securities
$16,309Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$60,537Loan loss allowance
$1,254Trading account assets
$0Bank premises and fixed assets
$1,316Other real estate owned
$645Goodwill and other intangibles
$2,103Life insurance assets
$0All other assets
$0Total liabilities and capital
$87,600Total liabilities
$76,844Total deposits
$75,686Interest-bearing deposits
$73,383Deposits held in domestic offices
75686.00%% insured (estimated)
$99Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$34Subordinated debt
$0All other liabilities
$1,124Total equity capital
$1,124Total bank equity capital
$10,756Perpetual preferred stock
$0Common stock
$4Surplus
$3,940Undivided profits
Memoranda
$6,812Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$409Income earned, not collected on loans
$483Earning assets
$82,760Long-term assets (5+ years)
$0Average Assets, year-to-date
$86,241Average Assets, quarterly
$86,960Volatile liabilities
$3,019Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$779Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$10,458Total risk weighted assets
$51,315Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$7,458Total interest expense
$3,885Net interest income
$3,573Provision for loan and lease losses
$690Total noninterest income
$665Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$665Total noninterest expense
$2,368Salaries and employee benefits
$1,311Premises and equipment expense
$457Additional noninterest expense
$600Pre-tax net operating income
$1,180Securities gains (losses)
$4Applicable income taxes
$403Income before extraordinary items
$781Extraordinary gains - net
$0Net income attributable to bank
$781Net charge-offs
$234Cash dividends
$0Sale, conversion, retirement of capital stock, net
$47Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.17%Cost of funding earning assets
4.78%Net interest margin
4.39%Noninterest income to earning assets
0.82%Noninterest expense to earning assets
2.91%Net operating income to assets
0.90%Return on assets (ROA)
0.91%Pretax return on assets
1.37%Return on equity (ROE)
7.47%Retained earnings to average equity (YTD only)
7.47%Net charge-offs to loans
0.38%Credit loss provision to net charge-offs
294.87%Efficiency ratio
55,875Assets per employee
1.68%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.03%Loss allowance to noncurrent loans
306.60%Noncurrent assets plus other real estate owned to assets
1.20%Noncurrent loans to loans
0.66%Net loans and leases to deposits
79.98%Net loans and leases to core deposits
83.27%Equity capital to assets
12.28%Core capital (leverage) ratio
12.05%Tier 1 risk-based capital ratio
20.38%Total risk-based capital ratio
Memoranda
$22Average assets
$86,241Average earning assets
$10,461Average equity
$81,328Average loans

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