FDIC Certificate #: 27207 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:AB&T NATIONAL BANK (#35029) Federal Reserve ID: 1186956 Date Established: April 04, 1988 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) FDIC's unique #: 39110 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: April 04, 1988 Last Structure Change Effective Date: March 31, 2009 Last Structure Change Process Date: April 08, 2009 Last Data Update: April 08, 2009 Data Source Date: April 05, 2012
Location
Address: 1479 West Main Street, Dothan, AL 36301 County: Houston 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): Dothan, AL (#2180) Combined Statistical Area (CSA): Dothan-Enterprise-Ozark, AL (#222) Core Based Statistical Area (CBSA): Dothan, AL (#20020) CBSA Metro Statistical Area: Dothan, AL (#20020)
Financial Summary
Total assets: $55.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 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, 2008)
Dollar figures in thousands
14Total employees (full-time equivalent)
$55,128Total assets
$1,323Cash and due from depository institutions
$0Interest-bearing balances
$9,556Securities
$1,945Federal funds sold & reverse repurchase agreements
$35,566Net loans & leases
$1,279Loan loss allowance
$0Trading account assets
$2,988Bank premises and fixed assets
$1,348Other real estate owned
$0Goodwill and other intangibles
$1,782Life insurance assets
$2,402All other assets
$55,128Total liabilities and capital
$52,303Total liabilities
$51,925Total deposits
$45,324Interest-bearing deposits
$51,925Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$378All other liabilities
$2,825Total equity capital
$2,825Total bank equity capital
$2,825Perpetual preferred stock
$0Common stock
$1,250Surplus
$8,751Undivided profits
Memoranda
$-7,176Noncurrent loans and leases
$1,780Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,485Earning assets
$0Long-term assets (5+ years)
$290Average Assets, year-to-date
$47,067Average Assets, quarterly
$9,062Volatile liabilities
$63,723Insider loans
$57,360FHLB advances
$16,412Loans and leases held for sale
$250Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,780Total unused commitments
$0Restructured Loans and leases
$532Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$3,240Total interest income
$1,856Total interest expense
$1,384Net interest income
$3,071Provision for loan and lease losses
$59Total noninterest income
$0Fiduciary activities
$319Service charges on deposit accounts
$0Trading account gains & fees
-$260Additional noninterest income
$5,439Total noninterest expense
$806Salaries and employee benefits
$347Premises and equipment expense
$4,286Additional noninterest expense
-$7,067Pre-tax net operating income
$0Securities gains (losses)
$95Applicable income taxes
-$7,162Income before extraordinary items
$0Extraordinary gains - net
-$7,162Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$3,299Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.26%Yield on earning assets
3.59%Cost of funding earning assets
2.67%Net interest margin
0.11%Noninterest income to earning assets
10.51%Noninterest expense to earning assets
-11.24%Net operating income to assets
-11.24%Return on assets (ROA)
-11.09%Pretax return on assets
-93.19%Return on equity (ROE)
-93.19%Retained earnings to average equity (YTD only)
8.00%Net charge-offs to loans
93.09%Credit loss provision to net charge-offs
-1.21%Efficiency ratio
201,109Assets per employee
3.94%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.47%Loss allowance to noncurrent loans
51.47%Noncurrent assets plus other real estate owned to assets
6.95%Noncurrent loans to loans
6.74%Net loans and leases to deposits
68.49%Net loans and leases to core deposits
100.15%Equity capital to assets
5.12%Core capital (leverage) ratio
4.56%Tier 1 risk-based capital ratio
6.41%Total risk-based capital ratio
Memoranda
$8Average assets
$63,723Average earning assets
$7,685Average equity
$51,745Average loans
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