Whitney Bank of Alabama in Mobile, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1998

  • Whitney Bank of Alabama in Mobile, Alabama (AL)
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Whitney Bank of Alabama - Overview

  • General
  • FDIC Certificate #: 33984
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Whitney National Bank (#18538)
    Federal Reserve ID: 1359358
    Date Established: Febuary 18, 1995
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Interstate: No)
    FDIC's unique #: 55562
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 18, 1995
    Last Structure Change Effective Date: January 01, 1998
    Last Structure Change Process Date: January 22, 1998
    Last Data Update: January 22, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 6380 Cottage Hill Road, Mobile, AL 36609
    County: Mobile
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Pensacola
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Mobile, AL (#5160)
    Combined Statistical Area (CSA): Mobile-Daphne-Fairhope, AL (#380)
    Core Based Statistical Area (CBSA): Mobile, AL (#33660)
    CBSA Metro Statistical Area: Mobile, AL (#33660)
  • Financial Summary
  • Total assets: $316.2 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
  • 95Total employees (full-time equivalent)
  • $316,212Total assets
  • $7,145Cash and due from depository institutions
  • $0Interest-bearing balances
  • $8,359Securities
  • $1,750Federal funds sold & reverse repurchase agreements
  • $268,553Net loans & leases
  • $1,733Loan loss allowance
  • $0Trading account assets
  • $16,674Bank premises and fixed assets
  • $87Other real estate owned
  • $10,509Goodwill and other intangibles
  • $0Life insurance assets
  • $3,135All other assets
  • $316,212Total liabilities and capital
  • $278,445Total liabilities
  • $226,819Total deposits
  • $187,704Interest-bearing deposits
  • $226,819Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $49,500Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $2,126All other liabilities
  • $37,767Total equity capital
  • $37,767Total bank equity capital
  • $37,767Perpetual preferred stock
  • $0Common stock
  • $10Surplus
  • $35,299Undivided profits
  • Memoranda
  • $2,458Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $359Earning assets
  • $0Long-term assets (5+ years)
  • $1,949Average Assets, year-to-date
  • $278,662Average Assets, quarterly
  • $69,084Volatile liabilities
  • $283,462Insider loans
  • $311,222FHLB advances
  • $128,492Loans and leases held for sale
  • $19,749Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $79,977Total unused commitments
  • $0Restructured Loans and leases
  • $292,806Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $20,489Total interest income
  • $10,499Total interest expense
  • $9,990Net interest income
  • $0Provision for loan and lease losses
  • $1,175Total noninterest income
  • $59Fiduciary activities
  • $834Service charges on deposit accounts
  • $0Trading account gains & fees
  • $282Additional noninterest income
  • $8,105Total noninterest expense
  • $3,554Salaries and employee benefits
  • $1,708Premises and equipment expense
  • $2,843Additional noninterest expense
  • $3,060Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,178Applicable income taxes
  • $1,882Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,882Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $211Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.36%Yield on earning assets
  • 4.28%Cost of funding earning assets
  • 4.07%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 3.31%Noninterest expense to earning assets
  • 0.66%Net operating income to assets
  • 0.66%Return on assets (ROA)
  • 1.08%Pretax return on assets
  • 5.15%Return on equity (ROE)
  • 5.15%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 14.50%Efficiency ratio
  • 64,837Assets per employee
  • 3.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.64%Loss allowance to noncurrent loans
  • 482.73%Noncurrent assets plus other real estate owned to assets
  • 0.14%Noncurrent loans to loans
  • 0.13%Net loans and leases to deposits
  • 118.40%Net loans and leases to core deposits
  • 181.67%Equity capital to assets
  • 11.94%Core capital (leverage) ratio
  • 9.27%Tier 1 risk-based capital ratio
  • 9.31%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $283,462Average earning assets
  • $36,577Average equity
  • $245,198Average loans

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