FDIC Certificate #: 1739 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank Independent (#16604) Federal Reserve ID: 555238 Date Established: January 01, 1912 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Interstate: No) OTS Docket #: 14096 FDIC's unique #: 1151 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: January 01, 1934 Last Structure Change Effective Date: December 06, 2008 Last Structure Change Process Date: December 30, 2008 Last Data Update: December 30, 2008 Data Source Date: April 05, 2012
Location
Address: 118 South Market Street, Moulton, AL 35650 County: Lawrence 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: $100.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
40Total employees (full-time equivalent)
$106,463Total assets
$10,069Cash and due from depository institutions
$4,374Interest-bearing balances
$36,059Securities
$11,260Federal funds sold & reverse repurchase agreements
$42,803Net loans & leases
$1,021Loan loss allowance
$0Trading account assets
$1,415Bank premises and fixed assets
$476Other real estate owned
$0Goodwill and other intangibles
$2,696Life insurance assets
$4,381All other assets
$106,463Total liabilities and capital
$91,036Total liabilities
$90,676Total deposits
$68,344Interest-bearing deposits
$90,676Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$360All other liabilities
$15,427Total equity capital
$15,427Total bank equity capital
$15,427Perpetual preferred stock
$0Common stock
$21Surplus
$1,088Undivided profits
Memoranda
$14,318Noncurrent loans and leases
$3,832Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$661Earning assets
$0Long-term assets (5+ years)
$697Average Assets, year-to-date
$94,496Average Assets, quarterly
$13,465Volatile liabilities
$105,847Insider loans
$106,287FHLB advances
$13,498Loans and leases held for sale
$166Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,832Total unused commitments
$0Restructured Loans and leases
$719Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$6,173Total interest income
$2,267Total interest expense
$3,906Net interest income
$152Provision for loan and lease losses
$1,107Total noninterest income
$0Fiduciary activities
$578Service charges on deposit accounts
$0Trading account gains & fees
$529Additional noninterest income
$3,252Total noninterest expense
$1,507Salaries and employee benefits
$650Premises and equipment expense
$1,095Additional noninterest expense
$1,609Pre-tax net operating income
-$317Securities gains (losses)
$421Applicable income taxes
$871Income before extraordinary items
$0Extraordinary gains - net
$871Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$299Sale, conversion, retirement of capital stock, net
$798Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.55%Yield on earning assets
2.40%Cost of funding earning assets
4.14%Net interest margin
1.17%Noninterest income to earning assets
3.45%Noninterest expense to earning assets
1.02%Net operating income to assets
0.82%Return on assets (ROA)
1.22%Pretax return on assets
5.78%Return on equity (ROE)
0.48%Retained earnings to average equity (YTD only)
0.70%Net charge-offs to loans
50.84%Credit loss provision to net charge-offs
5.89%Efficiency ratio
64,871Assets per employee
2.66%Cash dividends to net income (YTD only)
Condition Ratios (%)
91.62%Loss allowance to loans
2.33%Loss allowance to noncurrent loans
154.46%Noncurrent assets plus other real estate owned to assets
1.07%Noncurrent loans to loans
1.51%Net loans and leases to deposits
47.20%Net loans and leases to core deposits
55.46%Equity capital to assets
14.49%Core capital (leverage) ratio
14.71%Tier 1 risk-based capital ratio
27.28%Total risk-based capital ratio
Memoranda
$29Average assets
$105,847Average earning assets
$15,082Average equity
$94,266Average loans
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