AmSouth Bank of Alabama in Birmingham, Alabama (AL)



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AmSouth Bank of Alabama
GeneralFDIC Certificate #: 2782
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: AmSouth Bank (#26800)
Federal Reserve ID: 245333
Date Established: January 01, 1873
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 119 (Interstate: No)
OTS Docket #: 13665
FDIC's unique #: 1815
Numeric code: 13
Regulator: FED
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: January 01, 1934
Last Structure Change Effective Date: June 26, 1997
Last Structure Change Process Date: July 02, 1997
Last Data Update: April 11, 1998
Data Source Date: April 05, 2012
LocationAddress: Fifth Avenue And 20th Street, Birmingham, AL 35202
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)
Financial SummaryTotal assets: $9,701.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$4,390
Cash and due from depository institutions$10,352,212
Interest-bearing balances$474,693
Securities$6
Federal funds sold & reverse repurchase agreements$2,084,387
Net loans & leases$537,169
Loan loss allowance $6,868,694
Trading account assets$91,991
Bank premises and fixed assets$3,879
Other real estate owned$178,242
Goodwill and other intangibles$2,729
All other assets$13,319
Life insurance assets$189,100
Total liabilities and capital$0
Total liabilities$10,352,212
Total deposits$9,491,833
Interest-bearing deposits$6,793,095
Deposits held in domestic offices$5,390,066
% insured (estimated)6786091.00%
Federal funds purchased & repurchase agreements $72
Trading liabilities$1,792,084
Other borrowed funds $4
Subordinated debt $758,515
All other liabilities $0
Total equity capital$148,135
Total bank equity capital$148,135
Perpetual preferred stock$860,379
Common stock$0
Surplus$16,050
Undivided profits $273,121
Memoranda
Noncurrent loans and leases $571,208
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $55,490
Earning assets $51,463
Long-term assets (5+ years) $9,494,135
Average Assets, year-to-date $2,218,952
Average Assets, quarterly $9,947,873
Volatile liabilities $10,175,066
Insider loans $2,479,292
FHLB advances $155,046
Loans and leases held for sale $0
Unused loan commitments $60,582
Tier 1 (core) risk-based capital $4,534,173
Tier 2 risk-based capital $0
Total risk weighted assets $836,984
Total unused commitments $8,763,487
Restructured Loans and leases $0
Derivatives$1,329,064
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Income and Expense (December 31, 1996)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $746,524
Net interest income $363,685
Provision for loan and lease losses $382,839
Total noninterest income $39,424
Fiduciary activities $199,969
Service charges on deposit accounts $47,439
Trading account gains & fees $60,978
Additional noninterest income $757
Total noninterest expense $90,795
Salaries and employee benefits $370,554
Premises and equipment expense $179,518
Additional noninterest expense $77,994
Pre-tax net operating income $113,042
Securities gains (losses) $172,830
Applicable income taxes $4,830
Income before extraordinary items $59,601
Extraordinary gains - net $118,059
Net income attributable to bank $0
Net charge-offs $118,059
Cash dividends $37,516
Sale, conversion, retirement of capital stock, net $72,413
Net operating income $0
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Performance and Condition Ratios (December 31, 1996)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 8.16%
Net interest margin 3.98%
Noninterest income to earning assets 4.19%
Noninterest expense to earning assets 2.19%
Net operating income to assets 4.05%
Return on assets (ROA) 1.15%
Pretax return on assets 1.19%
Return on equity (ROE) 1.79%
Retained earnings to average equity (YTD only) 14.17%
Net charge-offs to loans 5.48%
Credit loss provision to net charge-offs 0.56%
Efficiency ratio105.09%
Assets per employee$63,115
Cash dividends to net income (YTD only)2.36%
Condition Ratios (%)
Loss allowance to loans 61.34%
Loss allowance to noncurrent loans 1.32%
Noncurrent assets plus other real estate owned to assets 165.78%
Noncurrent loans to loans 0.56%
Net loans and leases to deposits0.80%
Net loans and leases to core deposits 101.11%
Equity capital to assets 108.81%
Core capital (leverage) ratio 8.31%
Tier 1 risk-based capital ratio 8.21%
Total risk-based capital ratio 9.55%
Memoranda
Average assets$11
Average earning assets$9,947,873
Average equity $833,293
Average loans $9,145,063
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