FDIC Certificate #: 21173 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:West Alabama Bank & Trust (#16175) Federal Reserve ID: 541932 Date Established: July 27, 1973 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 14639 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: July 27, 1973 Last Structure Change Effective Date: September 01, 2000 Last Structure Change Process Date: November 09, 2000 Last Data Update: November 09, 2000 Data Source Date: April 05, 2012
Location
Address: 1010 Washington Street, Marion, AL 36756 County: Perry 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: $31.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
14Total employees (full-time equivalent)
$30,444Total assets
$2,533Cash and due from depository institutions
$0Interest-bearing balances
$13,118Securities
$150Federal funds sold & reverse repurchase agreements
$13,572Net loans & leases
$201Loan loss allowance
$0Trading account assets
$275Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$796All other assets
$30,444Total liabilities and capital
$27,564Total liabilities
$27,356Total deposits
$24,154Interest-bearing deposits
$27,356Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$208All other liabilities
$2,880Total equity capital
$2,880Total bank equity capital
$2,880Perpetual preferred stock
$0Common stock
$300Surplus
$240Undivided profits
Memoranda
$2,340Noncurrent loans and leases
$720Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$180Earning assets
$0Long-term assets (5+ years)
$193Average Assets, year-to-date
$26,840Average Assets, quarterly
$13,313Volatile liabilities
$30,252Insider loans
$29,668FHLB advances
$4,521Loans and leases held for sale
$408Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$720Total unused commitments
$0Restructured Loans and leases
$201Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$2,329Total interest income
$1,100Total interest expense
$1,229Net interest income
$45Provision for loan and lease losses
$320Total noninterest income
$0Fiduciary activities
$195Service charges on deposit accounts
$0Trading account gains & fees
$125Additional noninterest income
$873Total noninterest expense
$472Salaries and employee benefits
$135Premises and equipment expense
$266Additional noninterest expense
$631Pre-tax net operating income
$5Securities gains (losses)
$79Applicable income taxes
$557Income before extraordinary items
$0Extraordinary gains - net
$557Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$31Sale, conversion, retirement of capital stock, net
$105Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.45%Yield on earning assets
3.99%Cost of funding earning assets
4.46%Net interest margin
1.16%Noninterest income to earning assets
3.17%Noninterest expense to earning assets
1.83%Net operating income to assets
1.84%Return on assets (ROA)
2.10%Pretax return on assets
18.98%Return on equity (ROE)
15.40%Retained earnings to average equity (YTD only)
0.25%Net charge-offs to loans
145.16%Credit loss provision to net charge-offs
21.81%Efficiency ratio
56,359Assets per employee
2.17%Cash dividends to net income (YTD only)
Condition Ratios (%)
18.85%Loss allowance to loans
1.46%Loss allowance to noncurrent loans
111.67%Noncurrent assets plus other real estate owned to assets
0.59%Noncurrent loans to loans
1.31%Net loans and leases to deposits
49.61%Net loans and leases to core deposits
59.44%Equity capital to assets
9.46%Core capital (leverage) ratio
11.08%Tier 1 risk-based capital ratio
18.54%Total risk-based capital ratio
Memoranda
$20Average assets
$30,252Average earning assets
$2,934Average equity
$27,568Average loans
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