FDIC Certificate #: 26343 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Century Bank (#11448) Federal Reserve ID: 548735 Date Established: August 31, 1985 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 3 (Interstate: No) FDIC's unique #: 32883 Numeric code: 13 Regulator: FED 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: August 31, 1985 Last Structure Change Effective Date: June 03, 2002 Last Structure Change Process Date: July 15, 2002 Last Data Update: July 15, 2002 Data Source Date: April 05, 2012
Location
Address: Union Church Road And Highway 90, Grand Bay, AL 36541 County: Mobile Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Dallas 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: $38.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
19Total employees (full-time equivalent)
$40,285Total assets
$3,412Cash and due from depository institutions
$100Interest-bearing balances
$8,332Securities
$5,825Federal funds sold & reverse repurchase agreements
$20,647Net loans & leases
$264Loan loss allowance
$0Trading account assets
$1,504Bank premises and fixed assets
$13Other real estate owned
$92Goodwill and other intangibles
$0Life insurance assets
$460All other assets
$40,285Total liabilities and capital
$37,053Total liabilities
$36,840Total deposits
$28,145Interest-bearing deposits
$36,840Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$213All other liabilities
$3,232Total equity capital
$3,232Total bank equity capital
$3,232Perpetual preferred stock
$0Common stock
$250Surplus
$760Undivided profits
Memoranda
$2,222Noncurrent loans and leases
$685Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$42Earning assets
$0Long-term assets (5+ years)
$266Average Assets, year-to-date
$34,904Average Assets, quarterly
$2,068Volatile liabilities
$37,226Insider loans
$38,774FHLB advances
$4,224Loans and leases held for sale
$600Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$685Total unused commitments
$0Restructured Loans and leases
$264Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$2,654Total interest income
$1,128Total interest expense
$1,526Net interest income
$92Provision for loan and lease losses
$479Total noninterest income
$0Fiduciary activities
$418Service charges on deposit accounts
$0Trading account gains & fees
$61Additional noninterest income
$1,471Total noninterest expense
$630Salaries and employee benefits
$217Premises and equipment expense
$624Additional noninterest expense
$442Pre-tax net operating income
$0Securities gains (losses)
$96Applicable income taxes
$346Income before extraordinary items
$0Extraordinary gains - net
$346Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$92Sale, conversion, retirement of capital stock, net
$99Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.13%Yield on earning assets
3.46%Cost of funding earning assets
4.68%Net interest margin
1.47%Noninterest income to earning assets
4.51%Noninterest expense to earning assets
0.93%Net operating income to assets
0.93%Return on assets (ROA)
1.19%Pretax return on assets
11.20%Return on equity (ROE)
8.00%Retained earnings to average equity (YTD only)
0.45%Net charge-offs to loans
100.00%Credit loss provision to net charge-offs
5.80%Efficiency ratio
72,968Assets per employee
2.12%Cash dividends to net income (YTD only)
Condition Ratios (%)
28.61%Loss allowance to loans
1.26%Loss allowance to noncurrent loans
628.57%Noncurrent assets plus other real estate owned to assets
0.14%Noncurrent loans to loans
0.20%Net loans and leases to deposits
56.05%Net loans and leases to core deposits
63.30%Equity capital to assets
8.02%Core capital (leverage) ratio
7.82%Tier 1 risk-based capital ratio
11.55%Total risk-based capital ratio
Memoranda
$13Average assets
$37,226Average earning assets
$3,089Average equity
$32,636Average loans
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