Alamerica Bank in Birmingham, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Alamerica Bank in Birmingham, Alabama (AL)
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Alamerica Bank - Overview

  • General
  • FDIC Certificate #: 35314
    Status: Active
    Federal Reserve ID: 2877484
    Bank Holding Company (Regulatory Top Holder): Alamerica Banccorp, Inc. (RSSDID: 3047583, Location: Birmingham, AL)
    Date Established: January 28, 2000
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 78220
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 28, 2000
    Last Structure Change Effective Date: Febuary 24, 2011
    Last Structure Change Process Date: Febuary 24, 2011
    Last Data Update: Febuary 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2170 Highland Avenue, Birmingham, AL 35205
    County: Jefferson
    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
    Metropolitan Statistical Area (MSA): Birmingham, AL (#1000)
    Combined Statistical Area (CSA): Birmingham-Hoover-Cullman, AL (#142)
    Core Based Statistical Area (CBSA): Birmingham-Hoover, AL (#13820)
    CBSA Metro Statistical Area: Birmingham-Hoover, AL (#13820)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $33.5 mil
    Equity capital: $8.3 mil
    Deposits held in domestic offices: $20.1 mil
    Return on assets (ROA): -1.06% (-$0.4 mil)
    Quarterly return on assets: -0.84% (-$0.3 mil)
    Return on Equity (ROE): -4.35% (-$0.3 mil)
    Quarterly return on equity: -3.42% (-$0.3 mil)
    Net income: -$0.4 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -1.41% (-$472.5 mil)
    Quarterly Pretax return on assets: -2.18% (-$730.6 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, 2011)

  • Dollar figures in thousands
  • 7Total employees (full-time equivalent)
  • $33,514Total assets
  • $5,588Cash and due from depository institutions
  • $1,760Interest-bearing balances
  • $6,017Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $16,882Net loans & leases
  • $423Loan loss allowance
  • $0Trading account assets
  • $76Bank premises and fixed assets
  • $3,969Other real estate owned
  • $0Goodwill and other intangibles
  • $33,514Life insurance assets
  • $982All other assets
  • $25,253Total liabilities and capital
  • $20,121Total liabilities
  • $17,970Total deposits
  • $20,121Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $132Subordinated debt
  • $8,261All other liabilities
  • $8,261Total equity capital
  • $8,261Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $9,999Surplus
  • $-1,739Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,067Income earned, not collected on loans
  • $0Earning assets
  • $109Long-term assets (5+ years)
  • $24,659Average Assets, year-to-date
  • $5,310Average Assets, quarterly
  • $34,490Volatile liabilities
  • $33,642Insider loans
  • $22,531FHLB advances
  • $33,222Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,969Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,455Restructured Loans and leases
  • $1,251Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,516Total interest income
  • $523Total interest expense
  • $993Net interest income
  • $259Provision for loan and lease losses
  • $134Total noninterest income
  • $0Fiduciary activities
  • $167Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$33Additional noninterest income
  • $1,356Total noninterest expense
  • $589Salaries and employee benefits
  • $249Premises and equipment expense
  • $518Additional noninterest expense
  • -$488Pre-tax net operating income
  • $0Securities gains (losses)
  • -$123Applicable income taxes
  • -$365Income before extraordinary items
  • $0Extraordinary gains - net
  • -$365Net income attributable to bank
  • $0Net charge-offs
  • -$365Cash dividends
  • $78Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.79%Yield on earning assets
  • 2.00%Cost of funding earning assets
  • 3.80%Net interest margin
  • 0.51%Noninterest income to earning assets
  • 5.18%Noninterest expense to earning assets
  • -1.06%Net operating income to assets
  • -1.06%Return on assets (ROA)
  • -1.41%Pretax return on assets
  • -4.35%Return on equity (ROE)
  • -4.35%Retained earnings to average equity (YTD only)
  • 0.43%Net charge-offs to loans
  • 332.05%Credit loss provision to net charge-offs
  • -2.94%Efficiency ratio
  • 120,319Assets per employee
  • 4.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.44%Loss allowance to noncurrent loans
  • 13.79%Noncurrent assets plus other real estate owned to assets
  • 20.99%Noncurrent loans to loans
  • 17.72%Net loans and leases to deposits
  • 83.90%Net loans and leases to core deposits
  • 89.97%Equity capital to assets
  • 24.65%Core capital (leverage) ratio
  • 23.99%Tier 1 risk-based capital ratio
  • 35.37%Total risk-based capital ratio
  • Memoranda
  • $37Average assets
  • $34,490Average earning assets
  • $8,384Average equity
  • $26,161Average loans

List of branches

  • 1 Alabama Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    078220Alamerica Bank2170 Highland Avenue, Birmingham, AL 35205January 28, 2000Full Service Brick and Mortar

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