FDIC Certificate #: 19794 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:AloStar Bank of Commerce (#59060) Federal Reserve ID: 509231 Date Established: Febuary 22, 1968 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 13588 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 22, 1968 Last Structure Change Effective Date: April 15, 2011 Last Structure Change Process Date: April 18, 2011 Last Data Update: April 18, 2011 Data Source Date: April 05, 2012
Location
Address: 3680 Grandview Parkway, Suite 200, Birmingham, AL 35243 County: Jefferson 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 Metropolitan Statistical Area (MSA): Birmingham, AL (#1000) Combined Statistical Area (CSA): Birmingham-Hoover-Cullman, AL (#142) Core Based Statistical Area (CBSA): Birmingham-Hoover, AL (#13820) CBSA Metro Statistical Area: Birmingham-Hoover, AL (#13820)
Financial Summary
Total assets: $757.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
81Total employees (full-time equivalent)
$793,704Total assets
$107,771Cash and due from depository institutions
$107,352Interest-bearing balances
$241,119Securities
$829Federal funds sold & reverse repurchase agreements
$349,031Net loans & leases
$11,124Loan loss allowance
$0Trading account assets
$10,076Bank premises and fixed assets
$53,262Other real estate owned
$0Goodwill and other intangibles
$18,688Life insurance assets
$31,616All other assets
$793,704Total liabilities and capital
$792,746Total liabilities
$637,804Total deposits
$579,827Interest-bearing deposits
$637,804Deposits held in domestic offices
99.03%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$150,000Other borrowed funds
$250Subordinated debt
$4,692All other liabilities
$958Total equity capital
$958Total bank equity capital
$958Perpetual preferred stock
$1,100Common stock
$3Surplus
$79,515Undivided profits
Memoranda
$-79,660Noncurrent loans and leases
$15,783Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$60,704Earning assets
$0Long-term assets (5+ years)
$2,198Average Assets, year-to-date
$698,331Average Assets, quarterly
$215,790Volatile liabilities
$906,950Insider loans
$853,275FHLB advances
$330,949Loans and leases held for sale
$784Unused loan commitments
$150,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$15,783Total unused commitments
$48Restructured Loans and leases
$6,156Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$24,105Total interest income
$16,185Total interest expense
$7,920Net interest income
$11,475Provision for loan and lease losses
$1,213Total noninterest income
$0Fiduciary activities
$263Service charges on deposit accounts
$2,916Trading account gains & fees
-$1,966Additional noninterest income
$23,125Total noninterest expense
$9,744Salaries and employee benefits
$1,584Premises and equipment expense
$11,797Additional noninterest expense
-$25,467Pre-tax net operating income
$3,293Securities gains (losses)
$274Applicable income taxes
-$22,448Income before extraordinary items
$0Extraordinary gains - net
-$22,448Net income attributable to bank
$0Net charge-offs
-$22,448Cash dividends
$22,699Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
3.00%Yield on earning assets
2.02%Cost of funding earning assets
0.99%Net interest margin
0.15%Noninterest income to earning assets
2.88%Noninterest expense to earning assets
-2.84%Net operating income to assets
-2.48%Return on assets (ROA)
-2.44%Pretax return on assets
-106.53%Return on equity (ROE)
-106.53%Retained earnings to average equity (YTD only)
5.10%Net charge-offs to loans
50.55%Credit loss provision to net charge-offs
-0.62%Efficiency ratio
253,203Assets per employee
9.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.09%Loss allowance to noncurrent loans
18.32%Noncurrent assets plus other real estate owned to assets
14.55%Noncurrent loans to loans
16.85%Net loans and leases to deposits
54.72%Net loans and leases to core deposits
111.92%Equity capital to assets
0.12%Core capital (leverage) ratio
0.72%Tier 1 risk-based capital ratio
1.23%Total risk-based capital ratio
Memoranda
$2Average assets
$906,950Average earning assets
$21,071Average equity
$802,828Average 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
YesFiduciary powers granted
YesFiduciary or related activity
$132Managed Assets
1Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
1Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$132Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
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