The Bank of Tuscaloosa in Tuscaloosa, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 2010

  • The Bank of Tuscaloosa in Tuscaloosa, Alabama (AL)
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The Bank of Tuscaloosa - Overview

  • General
  • FDIC Certificate #: 27209
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Synovus Bank (#873)
    Federal Reserve ID: 1187029
    Date Established: April 04, 1988
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    OTS Docket #: 14313
    FDIC's unique #: 39112
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 04, 1988
    Last Structure Change Effective Date: June 01, 2010
    Last Structure Change Process Date: June 14, 2010
    Last Data Update: June 14, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 2200 Jack Warner Parkway, Suite 100, Tuscaloosa, AL 35401
    County: Tuscaloosa
    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): Tuscaloosa, AL (#8600)
    Core Based Statistical Area (CBSA): Tuscaloosa, AL (#46220)
    CBSA Metro Statistical Area: Tuscaloosa, AL (#46220)
  • Financial Summary
  • Total assets: $529.1 mil

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2009)

  • Dollar figures in thousands
  • 83Total employees (full-time equivalent)
  • $511,206Total assets
  • $8,888Cash and due from depository institutions
  • $15Interest-bearing balances
  • $56,044Securities
  • $14,346Federal funds sold & reverse repurchase agreements
  • $403,561Net loans & leases
  • $10,223Loan loss allowance
  • $0Trading account assets
  • $7,397Bank premises and fixed assets
  • $422Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $20,548All other assets
  • $511,206Total liabilities and capital
  • $470,285Total liabilities
  • $449,213Total deposits
  • $357,192Interest-bearing deposits
  • $449,213Deposits held in domestic offices
  • 78.41%% insured (estimated)
  • $19,547Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,525All other liabilities
  • $40,921Total equity capital
  • $40,921Total bank equity capital
  • $40,921Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $15,581Undivided profits
  • Memoranda
  • $25,339Noncurrent loans and leases
  • $60,358Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $9,180Earning assets
  • $0Long-term assets (5+ years)
  • $1,968Average Assets, year-to-date
  • $473,966Average Assets, quarterly
  • $39,569Volatile liabilities
  • $521,631Insider loans
  • $518,470FHLB advances
  • $147,305Loans and leases held for sale
  • $25,352Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $60,358Total unused commitments
  • $0Restructured Loans and leases
  • $5,344Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $24,576Total interest income
  • $6,348Total interest expense
  • $18,228Net interest income
  • $10,885Provision for loan and lease losses
  • $3,074Total noninterest income
  • $0Fiduciary activities
  • $2,731Service charges on deposit accounts
  • $0Trading account gains & fees
  • $343Additional noninterest income
  • $11,518Total noninterest expense
  • $4,950Salaries and employee benefits
  • $1,427Premises and equipment expense
  • $5,141Additional noninterest expense
  • -$1,101Pre-tax net operating income
  • $647Securities gains (losses)
  • -$220Applicable income taxes
  • -$234Income before extraordinary items
  • $0Extraordinary gains - net
  • -$234Net income attributable to bank
  • $0Net charge-offs
  • -$234Cash dividends
  • $9,997Sale, conversion, retirement of capital stock, net
  • $712Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.99%Yield on earning assets
  • 1.29%Cost of funding earning assets
  • 3.70%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 2.34%Noninterest expense to earning assets
  • -0.12%Net operating income to assets
  • -0.04%Return on assets (ROA)
  • -0.09%Pretax return on assets
  • -0.56%Return on equity (ROE)
  • -2.27%Retained earnings to average equity (YTD only)
  • 2.29%Net charge-offs to loans
  • 108.88%Credit loss provision to net charge-offs
  • 0.98%Efficiency ratio
  • 54,070Assets per employee
  • 6.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -304.27%Loss allowance to loans
  • 2.47%Loss allowance to noncurrent loans
  • 111.36%Noncurrent assets plus other real estate owned to assets
  • 1.88%Noncurrent loans to loans
  • 2.22%Net loans and leases to deposits
  • 89.84%Net loans and leases to core deposits
  • 125.54%Equity capital to assets
  • 8.00%Core capital (leverage) ratio
  • 7.78%Tier 1 risk-based capital ratio
  • 9.59%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $521,631Average earning assets
  • $41,724Average equity
  • $492,346Average loans

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