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

This bank is inactive as of January 13, 1995

SouthTrust Bank of Cullman, National Association in Cullman, Alabama (AL)
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SouthTrust Bank of Cullman, National Association - Overview

General
FDIC Certificate #: 2790
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: SouthTrust Bank (#849)
Federal Reserve ID: 544232
Date Established: January 01, 1909
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 #: 1820
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: 300 2nd Avenue West, Cullman, AL 35055
County: Cullman
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
Combined Statistical Area (CSA): Birmingham-Hoover-Cullman, AL (#142)
Core Based Statistical Area (CBSA): Cullman, AL (#18980)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $147.8 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)
$58Total assets
$147,828Cash and due from depository institutions
$5,169Interest-bearing balances
$0Securities
$55,216Federal funds sold & reverse repurchase agreements
$1,825Net loans & leases
$79,434Loan loss allowance
$1,078Trading account assets
$0Bank premises and fixed assets
$4,543Other real estate owned
$0Goodwill and other intangibles
$1,641Life insurance assets
$0All other assets
$0Total liabilities and capital
$147,828Total liabilities
$138,147Total deposits
$137,261Interest-bearing deposits
$119,983Deposits held in domestic offices
137261.00%% insured (estimated)
$72Federal funds purchased & repurchase agreements
$148Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$738Total equity capital
$738Total bank equity capital
$9,681Perpetual preferred stock
$0Common stock
$100Surplus
$800Undivided profits
Memoranda
$8,781Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$537Earning assets
$136,475Long-term assets (5+ years)
$16,033Average Assets, year-to-date
$147,578Average Assets, quarterly
$149,291Volatile liabilities
$30,968Insider loans
$2,026FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$35,574Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$10,059Total risk weighted assets
$90,235Total unused commitments
$0Restructured Loans and leases
$750Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$9,376Total interest expense
$4,361Net interest income
$5,015Provision for loan and lease losses
$0Total noninterest income
$849Fiduciary activities
$0Service charges on deposit accounts
$479Trading account gains & fees
$0Additional noninterest income
$370Total noninterest expense
$3,663Salaries and employee benefits
$1,610Premises and equipment expense
$449Additional noninterest expense
$1,604Pre-tax net operating income
$2,201Securities gains (losses)
$28Applicable income taxes
$604Income before extraordinary items
$1,625Extraordinary gains - net
$0Net income attributable to bank
$1,625Net charge-offs
$0Cash dividends
$2,886Sale, 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
6.88%Cost of funding earning assets
3.20%Net interest margin
3.68%Noninterest income to earning assets
0.62%Noninterest expense to earning assets
2.69%Net operating income to assets
1.09%Return on assets (ROA)
1.10%Pretax return on assets
1.51%Return on equity (ROE)
14.56%Retained earnings to average equity (YTD only)
-11.30%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
62,466Assets per employee
2.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
177.60%Loss allowance to loans
1.34%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
57.87%Net loans and leases to core deposits
74.63%Equity capital to assets
6.55%Core capital (leverage) ratio
6.71%Tier 1 risk-based capital ratio
11.15%Total risk-based capital ratio
Memoranda
$12Average assets
$147,578Average earning assets
$11,161Average equity
$136,363Average loans

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