FDIC Certificate #: 2820 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First American Bank (#23577) Federal Reserve ID: 495530 Date Established: January 01, 1909 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 #: 10381 FDIC's unique #: 1842 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: December 14, 2001 Last Structure Change Process Date: January 25, 2002 Last Data Update: January 25, 2002 Data Source Date: April 05, 2012
Location
Address: 605 Second Avenue, Opelika, AL 36803 County: Lee Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Montgomery Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Auburn-Opelika, AL (#580) Combined Statistical Area (CSA): Columbus-Auburn-Opelika, GA-AL (#194) Core Based Statistical Area (CBSA): Auburn-Opelika, AL (#12220) CBSA Metro Statistical Area: Auburn-Opelika, AL (#12220)
Financial Summary
Total assets: $194.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
118Total employees (full-time equivalent)
$196,557Total assets
$8,303Cash and due from depository institutions
$80Interest-bearing balances
$53,269Securities
$5,900Federal funds sold & reverse repurchase agreements
$114,570Net loans & leases
$6,006Loan loss allowance
$0Trading account assets
$4,929Bank premises and fixed assets
$1,466Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$8,120All other assets
$196,557Total liabilities and capital
$178,413Total liabilities
$175,443Total deposits
$147,614Interest-bearing deposits
$175,443Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,970All other liabilities
$18,144Total equity capital
$18,144Total bank equity capital
$18,144Perpetual preferred stock
$0Common stock
$350Surplus
$2,526Undivided profits
Memoranda
$15,268Noncurrent loans and leases
$14,975Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,835Earning assets
$2,130Long-term assets (5+ years)
$964Average Assets, year-to-date
$173,819Average Assets, quarterly
$39,876Volatile liabilities
$201,187Insider loans
$197,092FHLB advances
$31,276Loans and leases held for sale
$2,410Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$460Total risk weighted assets
$14,975Total unused commitments
$90Restructured Loans and leases
$1,681Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$14,733Total interest income
$7,656Total interest expense
$7,077Net interest income
-$140Provision for loan and lease losses
$2,313Total noninterest income
$0Fiduciary activities
$1,261Service charges on deposit accounts
$0Trading account gains & fees
$1,052Additional noninterest income
$7,990Total noninterest expense
$4,425Salaries and employee benefits
$1,183Premises and equipment expense
$2,382Additional noninterest expense
$1,540Pre-tax net operating income
$0Securities gains (losses)
$438Applicable income taxes
$1,102Income before extraordinary items
$0Extraordinary gains - net
$1,102Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,362Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.29%Yield on earning assets
4.31%Cost of funding earning assets
3.98%Net interest margin
1.30%Noninterest income to earning assets
4.49%Noninterest expense to earning assets
0.55%Net operating income to assets
0.55%Return on assets (ROA)
0.77%Pretax return on assets
6.57%Return on equity (ROE)
6.57%Retained earnings to average equity (YTD only)
1.12%Net charge-offs to loans
-10.28%Credit loss provision to net charge-offs
1.03%Efficiency ratio
85,091Assets per employee
1.67%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.98%Loss allowance to noncurrent loans
156.61%Noncurrent assets plus other real estate owned to assets
2.70%Noncurrent loans to loans
3.18%Net loans and leases to deposits
65.30%Net loans and leases to core deposits
79.47%Equity capital to assets
9.23%Core capital (leverage) ratio
8.12%Tier 1 risk-based capital ratio
12.04%Total risk-based capital ratio
Memoranda
$13Average assets
$201,187Average earning assets
$16,764Average equity
$177,822Average loans
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