Southtrust Bank of Decatur in Decatur, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 15, 1994

Southtrust Bank of Decatur in Decatur, Alabama (AL)
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Southtrust Bank of Decatur - Overview

General
FDIC Certificate #: 26880
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: SouthTrust Bank of Morgan County (#14481)
Federal Reserve ID: 273831
Date Established: January 26, 1987
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 36173
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 26, 1987
Last Structure Change Effective Date: Febuary 15, 1994
Last Structure Change Process Date: April 28, 1994
Last Data Update: April 28, 1994
Data Source Date: April 05, 2012
Location
Address: 254 East Moulton Street, Decatur, AL 35601
County: Morgan
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): Decatur, AL (#2030)
Combined Statistical Area (CSA): Huntsville-Decatur, AL (#290)
Core Based Statistical Area (CBSA): Decatur, AL (#19460)
CBSA Metro Statistical Area: Decatur, AL (#19460)
Financial Summary
Total assets: $53.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$28Total assets
$53,789Cash and due from depository institutions
$2,504Interest-bearing balances
$0Securities
$6,736Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$41,592Loan loss allowance
$622Trading account assets
$0Bank premises and fixed assets
$2,018Other real estate owned
$77Goodwill and other intangibles
$862Life insurance assets
$0All other assets
$0Total liabilities and capital
$53,789Total liabilities
$49,759Total deposits
$44,923Interest-bearing deposits
$39,770Deposits held in domestic offices
44923.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$4,123Trading liabilities
$0Other borrowed funds
$479Subordinated debt
$0All other liabilities
$234Total equity capital
$234Total bank equity capital
$4,030Perpetual preferred stock
$0Common stock
$10Surplus
$2,933Undivided profits
Memoranda
$1,087Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$52Income earned, not collected on loans
$293Earning assets
$48,328Long-term assets (5+ years)
$12,269Average Assets, year-to-date
$53,479Average Assets, quarterly
$54,619Volatile liabilities
$13,181Insider loans
$931FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$6,027Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,972Total risk weighted assets
$41,933Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$3,659Total interest expense
$1,757Net interest income
$1,902Provision for loan and lease losses
$240Total noninterest income
$547Fiduciary activities
$0Service charges on deposit accounts
$252Trading account gains & fees
$0Additional noninterest income
$295Total noninterest expense
$1,759Salaries and employee benefits
$877Premises and equipment expense
$189Additional noninterest expense
$693Pre-tax net operating income
$450Securities gains (losses)
$0Applicable income taxes
$144Income before extraordinary items
$306Extraordinary gains - net
$0Net income attributable to bank
$306Net charge-offs
$167Cash dividends
$142Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.56%Cost of funding earning assets
3.63%Net interest margin
3.93%Noninterest income to earning assets
1.13%Noninterest expense to earning assets
3.63%Net operating income to assets
0.57%Return on assets (ROA)
0.57%Pretax return on assets
0.84%Return on equity (ROE)
7.87%Retained earnings to average equity (YTD only)
4.22%Net charge-offs to loans
0.42%Credit loss provision to net charge-offs
143.71%Efficiency ratio
71,825Assets per employee
1.92%Cash dividends to net income (YTD only)
Condition Ratios (%)
46.41%Loss allowance to loans
1.47%Loss allowance to noncurrent loans
1196.15%Noncurrent assets plus other real estate owned to assets
0.24%Noncurrent loans to loans
0.12%Net loans and leases to deposits
92.59%Net loans and leases to core deposits
114.44%Equity capital to assets
7.49%Core capital (leverage) ratio
7.29%Tier 1 risk-based capital ratio
9.47%Total risk-based capital ratio
Memoranda
$11Average assets
$53,479Average earning assets
$3,887Average equity
$48,416Average loans

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