SouthTrust Bank of Russell County in Phenix City, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 02, 1997

SouthTrust Bank of Russell County in Phenix City, Alabama (AL)
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SouthTrust Bank of Russell County - Overview

General
FDIC Certificate #: 32730
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: SouthTrust Bank (#849)
Federal Reserve ID: 1415870
Date Established: November 20, 1989
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 45593
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: November 20, 1989
Last Structure Change Effective Date: June 02, 1997
Last Structure Change Process Date: June 13, 1997
Last Data Update: June 14, 1997
Data Source Date: April 05, 2012
Location
Address: 616 13th Street, Phenix City, AL 36868
County: Russell
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
Metropolitan Statistical Area (MSA): Columbus, GA-AL (#1800)
Combined Statistical Area (CSA): Columbus-Auburn-Opelika, GA-AL (#194)
Core Based Statistical Area (CBSA): Columbus, GA-AL (#17980)
CBSA Metro Statistical Area: Columbus, GA-AL (#17980)
Financial Summary
Total assets: $43.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$20Total assets
$40,304Cash and due from depository institutions
$1,389Interest-bearing balances
$0Securities
$6,532Federal funds sold & reverse repurchase agreements
$25Net loans & leases
$29,716Loan loss allowance
$376Trading account assets
$0Bank premises and fixed assets
$2,231Other real estate owned
$0Goodwill and other intangibles
$411Life insurance assets
$0All other assets
$0Total liabilities and capital
$40,304Total liabilities
$37,008Total deposits
$36,564Interest-bearing deposits
$29,745Deposits held in domestic offices
36564.00%% insured (estimated)
$85Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$444Total equity capital
$444Total bank equity capital
$3,296Perpetual preferred stock
$0Common stock
$10Surplus
$1,990Undivided profits
Memoranda
$1,296Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$63Income earned, not collected on loans
$200Earning assets
$36,273Long-term assets (5+ years)
$10,655Average Assets, year-to-date
$38,800Average Assets, quarterly
$39,856Volatile liabilities
$7,301Insider loans
$481FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,594Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,296Total risk weighted assets
$27,817Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$3,214Total interest expense
$1,271Net interest income
$1,943Provision for loan and lease losses
$108Total noninterest income
$632Fiduciary activities
$0Service charges on deposit accounts
$552Trading account gains & fees
$0Additional noninterest income
$80Total noninterest expense
$1,618Salaries and employee benefits
$682Premises and equipment expense
$159Additional noninterest expense
$777Pre-tax net operating income
$849Securities gains (losses)
$0Applicable income taxes
$304Income before extraordinary items
$545Extraordinary gains - net
$0Net income attributable to bank
$545Net charge-offs
$68Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.26%Cost of funding earning assets
3.66%Net interest margin
5.60%Noninterest income to earning assets
1.82%Noninterest expense to earning assets
4.66%Net operating income to assets
1.40%Return on assets (ROA)
1.40%Pretax return on assets
2.19%Return on equity (ROE)
18.16%Retained earnings to average equity (YTD only)
18.16%Net charge-offs to loans
0.24%Credit loss provision to net charge-offs
158.82%Efficiency ratio
62,835Assets per employee
2.02%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
596.83%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.21%Net loans and leases to deposits
81.27%Net loans and leases to core deposits
101.55%Equity capital to assets
8.18%Core capital (leverage) ratio
8.04%Tier 1 risk-based capital ratio
11.85%Total risk-based capital ratio
Memoranda
$13Average assets
$38,800Average earning assets
$3,001Average equity
$34,699Average loans

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