FDIC Certificate #: 31514 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Capstone Bank (#22769) Federal Reserve ID: 425573 Date Established: January 01, 1965 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 7098 FDIC's unique #: 44348 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 28, 1966 Last Structure Change Effective Date: November 05, 2008 Last Structure Change Process Date: November 26, 2008 Last Data Update: November 26, 2008 Data Source Date: April 05, 2012
Location
Address: 2301 University Blvd, Tuscaloosa, AL 35401 County: Tuscaloosa 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): Tuscaloosa, AL (#8600) Core Based Statistical Area (CBSA): Tuscaloosa, AL (#46220) CBSA Metro Statistical Area: Tuscaloosa, AL (#46220)
Financial Summary
Total assets: $57.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
23Total employees (full-time equivalent)
$63,145Total assets
$4,166Cash and due from depository institutions
$3,278Interest-bearing balances
$3,146Securities
$0Federal funds sold & reverse repurchase agreements
$53,519Net loans & leases
$288Loan loss allowance
$0Trading account assets
$1,381Bank premises and fixed assets
$0Other real estate owned
$272Goodwill and other intangibles
$0Life insurance assets
$661All other assets
$63,145Total liabilities and capital
$51,703Total liabilities
$49,840Total deposits
$44,763Interest-bearing deposits
$49,840Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,137Other borrowed funds
$0Subordinated debt
$726All other liabilities
$11,442Total equity capital
$11,442Total bank equity capital
$11,442Perpetual preferred stock
$0Common stock
$1Surplus
$3,022Undivided profits
Memoranda
$8,419Noncurrent loans and leases
$8,687Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$234Earning assets
$0Long-term assets (5+ years)
$335Average Assets, year-to-date
$59,943Average Assets, quarterly
$0Volatile liabilities
$67,992Insider loans
$65,009FHLB advances
$14,552Loans and leases held for sale
$518Unused loan commitments
$1,137Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,687Total unused commitments
$688Restructured Loans and leases
$288Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$5,011Total interest income
$2,134Total interest expense
$2,877Net interest income
$21Provision for loan and lease losses
$403Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$403Additional noninterest income
$2,536Total noninterest expense
$1,513Salaries and employee benefits
$472Premises and equipment expense
$551Additional noninterest expense
$723Pre-tax net operating income
$0Securities gains (losses)
$227Applicable income taxes
$496Income before extraordinary items
$0Extraordinary gains - net
$496Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$23Sale, conversion, retirement of capital stock, net
$418Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.80%Yield on earning assets
3.32%Cost of funding earning assets
4.48%Net interest margin
0.63%Noninterest income to earning assets
3.95%Noninterest expense to earning assets
0.73%Net operating income to assets
0.73%Return on assets (ROA)
1.06%Pretax return on assets
4.36%Return on equity (ROE)
0.69%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
91.30%Credit loss provision to net charge-offs
32.35%Efficiency ratio
77,317Assets per employee
2.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
84.27%Loss allowance to loans
0.54%Loss allowance to noncurrent loans
123.08%Noncurrent assets plus other real estate owned to assets
0.37%Noncurrent loans to loans
0.43%Net loans and leases to deposits
107.38%Net loans and leases to core deposits
146.93%Equity capital to assets
18.12%Core capital (leverage) ratio
18.12%Tier 1 risk-based capital ratio
24.85%Total risk-based capital ratio
Memoranda
$25Average assets
$67,992Average earning assets
$11,372Average equity
$64,256Average loans
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