SouthTrust Bank of Talladega County in Sylacauga, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 13, 1995

SouthTrust Bank of Talladega County in Sylacauga, Alabama (AL)
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SouthTrust Bank of Talladega County - Overview

General
FDIC Certificate #: 17738
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: SouthTrust Bank (#849)
Federal Reserve ID: 254634
Date Established: March 29, 1957
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 11695
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: March 29, 1957
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: 200 West Fort Williams Street, Sylacauga, AL 35150
County: Talladega
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
Core Based Statistical Area (CBSA): Talladega-Sylacauga, AL (#45180)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $48.9 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)
$23Total assets
$48,901Cash and due from depository institutions
$3,410Interest-bearing balances
$0Securities
$9,895Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$34,047Loan loss allowance
$436Trading account assets
$0Bank premises and fixed assets
$1,043Other real estate owned
$0Goodwill and other intangibles
$506Life insurance assets
$0All other assets
$0Total liabilities and capital
$48,901Total liabilities
$45,158Total deposits
$41,723Interest-bearing deposits
$33,654Deposits held in domestic offices
41723.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$3,000Trading liabilities
$0Other borrowed funds
$177Subordinated debt
$0All other liabilities
$258Total equity capital
$258Total bank equity capital
$3,743Perpetual preferred stock
$0Common stock
$1Surplus
$340Undivided profits
Memoranda
$3,402Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$79Income earned, not collected on loans
$165Earning assets
$43,942Long-term assets (5+ years)
$17,269Average Assets, year-to-date
$45,497Average Assets, quarterly
$47,918Volatile liabilities
$9,719Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$6,697Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,847Total risk weighted assets
$30,893Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$3,094Total interest expense
$1,214Net interest income
$1,880Provision for loan and lease losses
$144Total noninterest income
$512Fiduciary activities
$0Service charges on deposit accounts
$461Trading account gains & fees
$0Additional noninterest income
$51Total noninterest expense
$1,372Salaries and employee benefits
$611Premises and equipment expense
$103Additional noninterest expense
$658Pre-tax net operating income
$876Securities gains (losses)
$13Applicable income taxes
$239Income before extraordinary items
$650Extraordinary gains - net
$0Net income attributable to bank
$650Net charge-offs
$22Cash dividends
$355Sale, 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
7.52%Cost of funding earning assets
2.95%Net interest margin
4.57%Noninterest income to earning assets
1.24%Noninterest expense to earning assets
3.34%Net operating income to assets
1.41%Return on assets (ROA)
1.43%Pretax return on assets
1.95%Return on equity (ROE)
17.78%Retained earnings to average equity (YTD only)
8.07%Net charge-offs to loans
0.07%Credit loss provision to net charge-offs
654.55%Efficiency ratio
57,358Assets per employee
2.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
54.62%Loss allowance to loans
1.26%Loss allowance to noncurrent loans
551.90%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.23%Net loans and leases to deposits
81.60%Net loans and leases to core deposits
96.78%Equity capital to assets
7.65%Core capital (leverage) ratio
8.08%Tier 1 risk-based capital ratio
12.45%Total risk-based capital ratio
Memoranda
$14Average assets
$45,497Average earning assets
$3,655Average equity
$41,137Average loans

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