The City National Bank of Sylacauga in Sylacauga, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 19, 1998

The City National Bank of Sylacauga in Sylacauga, Alabama (AL)
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The City National Bank of Sylacauga - Overview

General
FDIC Certificate #: 2830
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Superior Bank (#17750)
Federal Reserve ID: 252537
Date Established: January 01, 1913
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 7 (Interstate: No)
OTS Docket #: 13955
FDIC's unique #: 1851
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: October 19, 1998
Last Structure Change Process Date: Febuary 03, 1999
Last Data Update: Febuary 03, 1999
Data Source Date: April 05, 2012
Location
Address: 126 North Broadway Avenue, 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: $79.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
60Total employees (full-time equivalent)
$84,350Total assets
$2,560Cash and due from depository institutions
$200Interest-bearing balances
$36,127Securities
$3,240Federal funds sold & reverse repurchase agreements
$38,643Net loans & leases
$515Loan loss allowance
$0Trading account assets
$2,389Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,391All other assets
$84,350Total liabilities and capital
$72,529Total liabilities
$71,155Total deposits
$60,222Interest-bearing deposits
$71,155Deposits held in domestic offices
0.00%% insured (estimated)
$492Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$882All other liabilities
$11,821Total equity capital
$11,821Total bank equity capital
$11,821Perpetual preferred stock
$0Common stock
$300Surplus
$300Undivided profits
Memoranda
$11,221Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$592Earning assets
$0Long-term assets (5+ years)
$384Average Assets, year-to-date
$78,210Average Assets, quarterly
$44,297Volatile liabilities
$84,853Insider loans
$85,344FHLB advances
$23,586Loans and leases held for sale
$512Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,363Total unused commitments
$0Restructured Loans and leases
$48,187Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$6,757Total interest income
$2,910Total interest expense
$3,847Net interest income
$384Provision for loan and lease losses
$470Total noninterest income
$0Fiduciary activities
$432Service charges on deposit accounts
$0Trading account gains & fees
$38Additional noninterest income
$3,338Total noninterest expense
$1,841Salaries and employee benefits
$572Premises and equipment expense
$925Additional noninterest expense
$595Pre-tax net operating income
$215Securities gains (losses)
$176Applicable income taxes
$634Income before extraordinary items
$0Extraordinary gains - net
$634Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$319Sale, conversion, retirement of capital stock, net
$171Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.60%Yield on earning assets
3.70%Cost of funding earning assets
4.90%Net interest margin
0.60%Noninterest income to earning assets
4.25%Noninterest expense to earning assets
0.55%Net operating income to assets
0.75%Return on assets (ROA)
0.95%Pretax return on assets
5.60%Return on equity (ROE)
4.09%Retained earnings to average equity (YTD only)
0.87%Net charge-offs to loans
120.38%Credit loss provision to net charge-offs
3.07%Efficiency ratio
77,322Assets per employee
1.41%Cash dividends to net income (YTD only)
Condition Ratios (%)
26.97%Loss allowance to loans
1.32%Loss allowance to noncurrent loans
86.99%Noncurrent assets plus other real estate owned to assets
0.70%Noncurrent loans to loans
1.51%Net loans and leases to deposits
54.31%Net loans and leases to core deposits
80.40%Equity capital to assets
14.01%Core capital (leverage) ratio
13.58%Tier 1 risk-based capital ratio
24.04%Total risk-based capital ratio
Memoranda
$25Average assets
$84,853Average earning assets
$11,312Average equity
$78,546Average loans

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