FDIC Certificate #: 33899 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:National Bank of Commerce Tuscaloosa (#19780) Federal Reserve ID: 2198938 Date Established: May 20, 1994 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 4 (Interstate: No) OTS Docket #: 13720 FDIC's unique #: 54755 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes Oakar Institutions: Yes State Chartered: No Date of Deposit Insurance: May 20, 1994 Last Structure Change Effective Date: December 31, 1998 Last Structure Change Process Date: Febuary 04, 1999 Last Data Update: Febuary 04, 1999 Data Source Date: April 05, 2012
Location
Address: 1101 Greensboro Avenue, Tuscaloosa, AL 35401 County: Tuscaloosa Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Dallas FDIC Field Office: Shelby Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Tuscaloosa, AL (#8600) Core Based Statistical Area (CBSA): Tuscaloosa, AL (#46220) CBSA Metro Statistical Area: Tuscaloosa, AL (#46220)
Financial Summary
Total assets: $36.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
19Total employees (full-time equivalent)
$36,768Total assets
$2,192Cash and due from depository institutions
$1,405Interest-bearing balances
$4,700Securities
$0Federal funds sold & reverse repurchase agreements
$27,343Net loans & leases
$264Loan loss allowance
$0Trading account assets
$782Bank premises and fixed assets
$39Other real estate owned
$1,295Goodwill and other intangibles
$0Life insurance assets
$417All other assets
$36,768Total liabilities and capital
$32,612Total liabilities
$32,043Total deposits
$30,794Interest-bearing deposits
$32,043Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$347Other borrowed funds
$0Subordinated debt
$222All other liabilities
$4,156Total equity capital
$4,156Total bank equity capital
$4,156Perpetual preferred stock
$0Common stock
$200Surplus
$4,251Undivided profits
Memoranda
$-295Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$754Earning assets
$0Long-term assets (5+ years)
$239Average Assets, year-to-date
$33,448Average Assets, quarterly
$5,427Volatile liabilities
$35,146Insider loans
$36,665FHLB advances
$5,082Loans and leases held for sale
$577Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,303Total unused commitments
$0Restructured Loans and leases
$24,884Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$2,987Total interest income
$1,548Total interest expense
$1,439Net interest income
$204Provision for loan and lease losses
$51Total noninterest income
$0Fiduciary activities
$46Service charges on deposit accounts
$0Trading account gains & fees
$5Additional noninterest income
$1,277Total noninterest expense
$563Salaries and employee benefits
$95Premises and equipment expense
$619Additional noninterest expense
$9Pre-tax net operating income
$1Securities gains (losses)
$7Applicable income taxes
$3Income before extraordinary items
$0Extraordinary gains - net
$3Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$122Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.35%Yield on earning assets
4.84%Cost of funding earning assets
4.50%Net interest margin
0.16%Noninterest income to earning assets
4.00%Noninterest expense to earning assets
0.01%Net operating income to assets
0.01%Return on assets (ROA)
0.03%Pretax return on assets
0.07%Return on equity (ROE)
0.07%Retained earnings to average equity (YTD only)
0.47%Net charge-offs to loans
167.21%Credit loss provision to net charge-offs
1.75%Efficiency ratio
77,852Assets per employee
1.94%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.96%Loss allowance to noncurrent loans
35.01%Noncurrent assets plus other real estate owned to assets
2.16%Noncurrent loans to loans
2.73%Net loans and leases to deposits
85.33%Net loans and leases to core deposits
101.42%Equity capital to assets
11.30%Core capital (leverage) ratio
8.02%Tier 1 risk-based capital ratio
11.46%Total risk-based capital ratio
Memoranda
$13Average assets
$35,146Average earning assets
$4,137Average equity
$31,955Average loans
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