SouthTrust Bank of Covington County, National Association in city_name, state_name

SouthTrust Bank of Covington County, National Association in Opp, Alabama (AL)
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SouthTrust Bank of Covington County, National Association - Overview

General
FDIC Certificate #: 2822
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: SouthTrust Bank (#849)
Federal Reserve ID: 496733
Date Established: January 01, 1905
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
FDIC's unique #: 1844
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: January 13, 1995
Last Structure Change Process Date: January 27, 1995
Last Data Update: January 27, 1995
Data Source Date: April 05, 2012
Location
Address: 110 Main Street, Opp, AL 36467
County: Covington
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Pensacola
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Financial Summary
Total assets: $226.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$81Total assets
$226,400Cash and due from depository institutions
$5,512Interest-bearing balances
$5Securities
$40,059Federal funds sold & reverse repurchase agreements
$4,125Net loans & leases
$170,554Loan loss allowance
$2,083Trading account assets
$0Bank premises and fixed assets
$3,343Other real estate owned
$129Goodwill and other intangibles
$2,678Life insurance assets
$0All other assets
$0Total liabilities and capital
$226,400Total liabilities
$210,864Total deposits
$172,485Interest-bearing deposits
$152,088Deposits held in domestic offices
172485.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$35,179Trading liabilities
$0Other borrowed funds
$1,498Subordinated debt
$0All other liabilities
$1,702Total equity capital
$1,702Total bank equity capital
$15,536Perpetual preferred stock
$0Common stock
$250Surplus
$4,250Undivided profits
Memoranda
$11,036Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$512Income earned, not collected on loans
$1,235Earning assets
$214,743Long-term assets (5+ years)
$45,119Average Assets, year-to-date
$217,491Average Assets, quarterly
$222,566Volatile liabilities
$62,232Insider loans
$6,924FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$38,650Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$15,718Total risk weighted assets
$151,341Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$16,595Total interest expense
$7,194Net interest income
$9,401Provision for loan and lease losses
$181Total noninterest income
$1,459Fiduciary activities
$25Service charges on deposit accounts
$1,094Trading account gains & fees
$0Additional noninterest income
$340Total noninterest expense
$5,071Salaries and employee benefits
$2,288Premises and equipment expense
$387Additional noninterest expense
$2,396Pre-tax net operating income
$5,608Securities gains (losses)
$52Applicable income taxes
$1,804Income before extraordinary items
$3,856Extraordinary gains - net
$0Net income attributable to bank
$3,856Net charge-offs
$13Cash dividends
$3,095Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.08%Cost of funding earning assets
3.50%Net interest margin
4.58%Noninterest income to earning assets
0.71%Noninterest expense to earning assets
2.47%Net operating income to assets
1.76%Return on assets (ROA)
1.77%Pretax return on assets
2.60%Return on equity (ROE)
24.74%Retained earnings to average equity (YTD only)
4.88%Net charge-offs to loans
0.01%Credit loss provision to net charge-offs
1392.31%Efficiency ratio
46,694Assets per employee
2.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
80.26%Loss allowance to loans
1.21%Loss allowance to noncurrent loans
406.84%Noncurrent assets plus other real estate owned to assets
0.28%Noncurrent loans to loans
0.30%Net loans and leases to deposits
98.88%Net loans and leases to core deposits
116.08%Equity capital to assets
6.86%Core capital (leverage) ratio
7.04%Tier 1 risk-based capital ratio
10.39%Total risk-based capital ratio
Memoranda
$12Average assets
$217,491Average earning assets
$15,586Average equity
$205,413Average loans

SouthTrust Bank of Covington County, National Association in Opp, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

SouthTrust Bank of Covington County, National Association - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

Comment about this bank, ask questions, or add new information about it:

SouthTrust Bank of Covington County, National Association in Opp, Alabama (AL)Overview, Financial Summary, Detailed Financial Reports, Branches

SouthTrust Bank of Covington County, National Association - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

Comment about this bank, ask questions, or add new information about it:

SouthTrust Bank of Covington County, National Association in Opp, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches