SouthTrust Bank of the Quad Cities in Florence, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 13, 1995

SouthTrust Bank of the Quad Cities in Florence, Alabama (AL)
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SouthTrust Bank of the Quad Cities - Overview

General
FDIC Certificate #: 9048
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: SouthTrust Bank (#849)
Federal Reserve ID: 801337
Date Established: September 20, 1926
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
FDIC's unique #: 5786
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: 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: 102 Dr. Hicks Boulevard East, Florence, AL 35631
County: Lauderdale
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): Florence, AL (#2650)
Core Based Statistical Area (CBSA): Florence-Muscle Shoals, AL (#22520)
CBSA Metro Statistical Area: Florence-Muscle Shoals, AL (#22520)
Financial Summary
Total assets: $119.1 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)
$50Total assets
$119,119Cash and due from depository institutions
$4,701Interest-bearing balances
$0Securities
$17,956Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$90,941Loan loss allowance
$1,231Trading account assets
$0Bank premises and fixed assets
$2,764Other real estate owned
$550Goodwill and other intangibles
$2,207Life insurance assets
$0All other assets
$0Total liabilities and capital
$119,119Total liabilities
$110,401Total deposits
$105,743Interest-bearing deposits
$91,098Deposits held in domestic offices
105743.00%% insured (estimated)
$87Federal funds purchased & repurchase agreements
$3,800Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$858Total equity capital
$858Total bank equity capital
$8,718Perpetual preferred stock
$0Common stock
$10Surplus
$4,105Undivided profits
Memoranda
$4,603Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$297Income earned, not collected on loans
$694Earning assets
$108,897Long-term assets (5+ years)
$10,718Average Assets, year-to-date
$110,083Average Assets, quarterly
$118,723Volatile liabilities
$18,352Insider loans
$91FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$18,805Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$8,779Total risk weighted assets
$91,021Total unused commitments
$0Restructured Loans and leases
$3,350Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$7,905Total interest expense
$3,318Net interest income
$4,587Provision for loan and lease losses
$163Total noninterest income
$1,522Fiduciary activities
$0Service charges on deposit accounts
$1,316Trading account gains & fees
$0Additional noninterest income
$206Total noninterest expense
$3,287Salaries and employee benefits
$1,430Premises and equipment expense
$270Additional noninterest expense
$1,587Pre-tax net operating income
$2,659Securities gains (losses)
$13Applicable income taxes
$934Income before extraordinary items
$1,738Extraordinary gains - net
$0Net income attributable to bank
$1,738Net charge-offs
$56Cash dividends
$921Sale, 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
7.80%Cost of funding earning assets
3.27%Net interest margin
4.52%Noninterest income to earning assets
1.50%Noninterest expense to earning assets
3.24%Net operating income to assets
1.57%Return on assets (ROA)
1.58%Pretax return on assets
2.43%Return on equity (ROE)
20.84%Retained earnings to average equity (YTD only)
9.80%Net charge-offs to loans
0.07%Credit loss provision to net charge-offs
291.07%Efficiency ratio
53,806Assets per employee
2.38%Cash dividends to net income (YTD only)
Condition Ratios (%)
52.99%Loss allowance to loans
1.34%Loss allowance to noncurrent loans
414.48%Noncurrent assets plus other real estate owned to assets
0.71%Noncurrent loans to loans
0.32%Net loans and leases to deposits
86.00%Net loans and leases to core deposits
99.73%Equity capital to assets
7.32%Core capital (leverage) ratio
7.52%Tier 1 risk-based capital ratio
9.65%Total risk-based capital ratio
Memoranda
$11Average assets
$110,083Average earning assets
$8,338Average equity
$101,382Average loans

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