Altus Federal Savings Bank in Mobile, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 20, 1994

  • Altus Federal Savings Bank in Mobile, Alabama (AL)
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Altus Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 33413
    Status: Inactive
    Closing history: Office Sold
    Acquiring institution: Magnolia Federal Bank for Savings (#29018)
    Federal Reserve ID: 941578
    Date Established: May 17, 1991
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 9231
    FDIC's unique #: 47053
    Numeric code: 34
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: May 17, 1991
    Last Structure Change Effective Date: May 20, 1994
    Last Structure Change Process Date: May 25, 1994
    Last Data Update: August 02, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 851 South Beltline Highway, Mobile, AL 36606
    County: Mobile
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    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)
  • History of Changes
  • Pass Through Receivership Merger
    Conservatorship Institution Resolved
    Office Sold
  • Financial Summary
  • Total assets: $314.0 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)
  • $269Total assets
  • $348,123Cash and due from depository institutions
  • $11,228Interest-bearing balances
  • $0Securities
  • $119,273Federal funds sold & reverse repurchase agreements
  • $11,880Net loans & leases
  • $117,107Loan loss allowance
  • $8,717Trading account assets
  • $0Bank premises and fixed assets
  • $9,200Other real estate owned
  • $5,655Goodwill and other intangibles
  • $73,780Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $348,123Total liabilities
  • $500,077Total deposits
  • $457,115Interest-bearing deposits
  • $457,115Deposits held in domestic offices
  • 457115.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $34,224Subordinated debt
  • $0All other liabilities
  • $8,738Total equity capital
  • $8,738Total bank equity capital
  • $-151,954Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-151,954Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,264Income earned, not collected on loans
  • $1,022Earning assets
  • $248,260Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $501,615Average Assets, quarterly
  • $383,682Volatile liabilities
  • $64,417Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $209Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-151,954Total risk weighted assets
  • $163,863Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $30,241Total interest expense
  • $32,179Net interest income
  • -$1,938Provision for loan and lease losses
  • $3,660Total noninterest income
  • $13,124Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $13,124Total noninterest expense
  • $63,585Salaries and employee benefits
  • $7,449Premises and equipment expense
  • $4,369Additional noninterest expense
  • $51,767Pre-tax net operating income
  • -$56,059Securities gains (losses)
  • $0Applicable income taxes
  • $0Income before extraordinary items
  • -$56,059Extraordinary gains - net
  • $0Net income attributable to bank
  • -$56,059Net charge-offs
  • $15,595Cash dividends
  • $0Sale, 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
  • 8.53%Cost of funding earning assets
  • 9.08%Net interest margin
  • -0.55%Noninterest income to earning assets
  • 3.70%Noninterest expense to earning assets
  • 17.95%Net operating income to assets
  • -11.18%Return on assets (ROA)
  • -11.18%Pretax return on assets
  • -11.18%Return on equity (ROE)
  • 44.95%Retained earnings to average equity (YTD only)
  • 44.95%Net charge-offs to loans
  • 8.16%Credit loss provision to net charge-offs
  • 23.47%Efficiency ratio
  • 568,434Assets per employee
  • 1.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 6.93%Loss allowance to noncurrent loans
  • 120.00%Noncurrent assets plus other real estate owned to assets
  • 3.71%Noncurrent loans to loans
  • 5.77%Net loans and leases to deposits
  • 25.62%Net loans and leases to core deposits
  • 27.43%Equity capital to assets
  • -43.65%Core capital (leverage) ratio
  • -42.60%Tier 1 risk-based capital ratio
  • -92.73%Total risk-based capital ratio
  • Memoranda
  • -$93Average assets
  • $501,615Average earning assets
  • -$124,716Average equity
  • $354,324Average loans

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