Jacobs Bank in Scottsboro, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 05, 1999

  • Jacobs Bank in Scottsboro, Alabama (AL)
  • Show street view No street view available for this location

Jacobs Bank - Overview

  • General
  • FDIC Certificate #: 45
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Regions Bank (#12368)
    Federal Reserve ID: 230731
    Date Established: January 01, 1909
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Interstate: No)
    OTS Docket #: 11488
    FDIC's unique #: 26
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 05, 1999
    Last Structure Change Process Date: Febuary 02, 2000
    Last Data Update: Febuary 02, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 510 East Laurel Street, Scottsboro, AL 35768
    County: Jackson
    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): Scottsboro, AL (#42460)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $173.3 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 74Total employees (full-time equivalent)
  • $189,515Total assets
  • $8,933Cash and due from depository institutions
  • $162Interest-bearing balances
  • $70,446Securities
  • $17,890Federal funds sold & reverse repurchase agreements
  • $85,761Net loans & leases
  • $948Loan loss allowance
  • $0Trading account assets
  • $2,059Bank premises and fixed assets
  • $111Other real estate owned
  • $1,271Goodwill and other intangibles
  • $0Life insurance assets
  • $3,044All other assets
  • $189,515Total liabilities and capital
  • $164,579Total liabilities
  • $157,269Total deposits
  • $130,645Interest-bearing deposits
  • $157,269Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $724Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $5,000Other borrowed funds
  • $0Subordinated debt
  • $1,586All other liabilities
  • $24,936Total equity capital
  • $24,936Total bank equity capital
  • $24,936Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $1,900Undivided profits
  • Memoranda
  • $22,936Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,124Earning assets
  • $0Long-term assets (5+ years)
  • $734Average Assets, year-to-date
  • $174,259Average Assets, quarterly
  • $52,301Volatile liabilities
  • $188,561Insider loans
  • $187,065FHLB advances
  • $23,572Loans and leases held for sale
  • $7,014Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $10,183Total unused commitments
  • $0Restructured Loans and leases
  • $103,875Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $13,704Total interest income
  • $6,520Total interest expense
  • $7,184Net interest income
  • $990Provision for loan and lease losses
  • $1,071Total noninterest income
  • $0Fiduciary activities
  • $814Service charges on deposit accounts
  • $0Trading account gains & fees
  • $257Additional noninterest income
  • $4,943Total noninterest expense
  • $2,288Salaries and employee benefits
  • $1,328Premises and equipment expense
  • $1,327Additional noninterest expense
  • $2,322Pre-tax net operating income
  • $100Securities gains (losses)
  • $717Applicable income taxes
  • $1,705Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,705Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,065Sale, conversion, retirement of capital stock, net
  • $621Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.83%Yield on earning assets
  • 3.73%Cost of funding earning assets
  • 4.11%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 2.83%Noninterest expense to earning assets
  • 0.87%Net operating income to assets
  • 0.90%Return on assets (ROA)
  • 1.28%Pretax return on assets
  • 7.03%Return on equity (ROE)
  • 4.47%Retained earnings to average equity (YTD only)
  • 1.19%Net charge-offs to loans
  • 92.96%Credit loss provision to net charge-offs
  • 3.11%Efficiency ratio
  • 56,753Assets per employee
  • 2.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 36.42%Loss allowance to loans
  • 1.09%Loss allowance to noncurrent loans
  • 84.34%Noncurrent assets plus other real estate owned to assets
  • 0.65%Noncurrent loans to loans
  • 1.30%Net loans and leases to deposits
  • 54.53%Net loans and leases to core deposits
  • 63.80%Equity capital to assets
  • 13.16%Core capital (leverage) ratio
  • 12.04%Tier 1 risk-based capital ratio
  • 21.64%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $188,561Average earning assets
  • $24,240Average equity
  • $174,943Average loans

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