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

This bank is inactive as of July 08, 1994

The First Bank of Fayette in Fayette, Alabama (AL)
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The First Bank of Fayette - Overview

General
FDIC Certificate #: 2796
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Regions Bank (#12368)
Federal Reserve ID: 378334
Date Established: August 06, 1900
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 1825
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 01, 1934
Last Structure Change Effective Date: July 08, 1994
Last Structure Change Process Date: August 09, 1994
Last Data Update: August 09, 1994
Data Source Date: April 05, 2012
Location
Address: Main Street, Fayette, AL 35555
County: Fayette
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
Financial Summary
Total assets: $77.6 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)
$29Total assets
$74,161Cash and due from depository institutions
$1,951Interest-bearing balances
$0Securities
$46,807Federal funds sold & reverse repurchase agreements
$11,275Net loans & leases
$13,216Loan loss allowance
$167Trading account assets
$0Bank premises and fixed assets
$190Other real estate owned
$0Goodwill and other intangibles
$722Life insurance assets
$0All other assets
$0Total liabilities and capital
$74,161Total liabilities
$59,534Total deposits
$58,965Interest-bearing deposits
$52,048Deposits held in domestic offices
58965.00%% insured (estimated)
$88Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$569Total equity capital
$569Total bank equity capital
$14,627Perpetual preferred stock
$0Common stock
$50Surplus
$500Undivided profits
Memoranda
$14,077Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$104Income earned, not collected on loans
$78Earning assets
$71,298Long-term assets (5+ years)
$12,820Average Assets, year-to-date
$72,899Average Assets, quarterly
$73,900Volatile liabilities
$10,744Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,300Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$14,627Total risk weighted assets
$22,361Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$4,854Total interest expense
$1,811Net interest income
$3,043Provision for loan and lease losses
$40Total noninterest income
$279Fiduciary activities
$0Service charges on deposit accounts
$212Trading account gains & fees
$0Additional noninterest income
$67Total noninterest expense
$1,351Salaries and employee benefits
$719Premises and equipment expense
$145Additional noninterest expense
$487Pre-tax net operating income
$1,931Securities gains (losses)
$66Applicable income taxes
$695Income before extraordinary items
$1,302Extraordinary gains - net
$0Net income attributable to bank
$1,302Net charge-offs
$35Cash dividends
$349Sale, 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
6.99%Cost of funding earning assets
2.61%Net interest margin
4.38%Noninterest income to earning assets
0.40%Noninterest expense to earning assets
1.95%Net operating income to assets
1.73%Return on assets (ROA)
1.79%Pretax return on assets
2.74%Return on equity (ROE)
9.18%Retained earnings to average equity (YTD only)
6.72%Net charge-offs to loans
0.26%Credit loss provision to net charge-offs
114.29%Efficiency ratio
40,668Assets per employee
2.56%Cash dividends to net income (YTD only)
Condition Ratios (%)
26.80%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
160.58%Noncurrent assets plus other real estate owned to assets
0.33%Noncurrent loans to loans
0.78%Net loans and leases to deposits
22.41%Net loans and leases to core deposits
27.41%Equity capital to assets
19.72%Core capital (leverage) ratio
19.46%Tier 1 risk-based capital ratio
65.41%Total risk-based capital ratio
Memoranda
$66Average assets
$72,899Average earning assets
$14,188Average equity
$69,407Average loans

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