Pike County Bank in Troy, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 13, 1993

Pike County Bank in Troy, Alabama (AL)
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Pike County Bank - Overview

General
FDIC Certificate #: 21007
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: SouthTrust Bank, National Association (#19312)
Federal Reserve ID: 133935
Date Established: March 23, 1973
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 14510
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: March 23, 1973
Last Structure Change Effective Date: August 13, 1993
Last Structure Change Process Date: August 19, 1993
Last Data Update: August 19, 1993
Data Source Date: April 05, 2012
Location
Address: Highway 231 Bypass And Highway 87, Troy, AL 36081
County: Pike
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
Core Based Statistical Area (CBSA): Troy, AL (#45980)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $82.4 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$34Total assets
$86,411Cash and due from depository institutions
$3,655Interest-bearing balances
$0Securities
$32,326Federal funds sold & reverse repurchase agreements
$4,425Net loans & leases
$44,769Loan loss allowance
$408Trading account assets
$0Bank premises and fixed assets
$449Other real estate owned
$0Goodwill and other intangibles
$701Life insurance assets
$86All other assets
$0Total liabilities and capital
$86,411Total liabilities
$80,032Total deposits
$79,465Interest-bearing deposits
$75,174Deposits held in domestic offices
79465.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$567Total equity capital
$567Total bank equity capital
$6,379Perpetual preferred stock
$0Common stock
$15Surplus
$1,799Undivided profits
Memoranda
$4,565Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$229Income earned, not collected on loans
$373Earning assets
$81,520Long-term assets (5+ years)
$22,101Average Assets, year-to-date
$89,336Average Assets, quarterly
$88,516Volatile liabilities
$16,693Insider loans
$353FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,805Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,293Total risk weighted assets
$48,015Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$7,137Total interest expense
$4,422Net interest income
$2,715Provision for loan and lease losses
$270Total noninterest income
$446Fiduciary activities
$0Service charges on deposit accounts
$275Trading account gains & fees
$0Additional noninterest income
$171Total noninterest expense
$1,675Salaries and employee benefits
$931Premises and equipment expense
$123Additional noninterest expense
$621Pre-tax net operating income
$1,216Securities gains (losses)
$190Applicable income taxes
$419Income before extraordinary items
$987Extraordinary gains - net
$0Net income attributable to bank
$987Net charge-offs
$122Cash dividends
$1,173Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.49%Cost of funding earning assets
5.26%Net interest margin
3.23%Noninterest income to earning assets
0.53%Noninterest expense to earning assets
1.99%Net operating income to assets
0.96%Return on assets (ROA)
1.10%Pretax return on assets
1.57%Return on equity (ROE)
15.03%Retained earnings to average equity (YTD only)
-2.83%Net charge-offs to loans
0.26%Credit loss provision to net charge-offs
221.31%Efficiency ratio
52,705Assets per employee
2.54%Cash dividends to net income (YTD only)
Condition Ratios (%)
118.84%Loss allowance to loans
0.90%Loss allowance to noncurrent loans
178.17%Noncurrent assets plus other real estate owned to assets
0.27%Noncurrent loans to loans
0.51%Net loans and leases to deposits
56.34%Net loans and leases to core deposits
71.32%Equity capital to assets
7.38%Core capital (leverage) ratio
7.18%Tier 1 risk-based capital ratio
13.11%Total risk-based capital ratio
Memoranda
$14Average assets
$89,336Average earning assets
$6,568Average equity
$84,111Average loans

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