Amerifirst Bank in Union Springs, Alabama (AL)



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Amerifirst Bank routing number info

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Amerifirst Bank
GeneralFDIC Certificate #: 2838
Status: Active
Federal Reserve ID: 139133
Bank Holding Company (Regulatory Top Holder): Usal Bancorp, Inc. (RSSDID: 2685577, Location: Union Springs, AL)
Date Established: January 02, 1916
WWW: http://www.amerifirstbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 13531
FDIC's unique #: 1859
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: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 104 Hardaway Avenue, Union Springs, AL 36089
County: Bullock
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
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $145.4 mil
Equity capital: $17.5 mil
Deposits held in domestic offices: $121.9 mil
Return on assets (ROA): -0.11% (-$0.2 mil)
Quarterly return on assets: 0.16% ($0.2 mil)
Return on Equity (ROE): -0.95% (-$0.2 mil)
Quarterly return on equity: 1.38% ($0.2 mil)
Net income: -$0.2 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: -0.30% (-$436.3 mil)
Quarterly Pretax return on assets: 0.13% ($189.1 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)35
Total assets$145,444
Cash and due from depository institutions$5,262
Interest-bearing balances$3,413
Securities$31,784
Federal funds sold & reverse repurchase agreements$7,700
Net loans & leases$90,350
Loan loss allowance $1,727
Trading account assets$0
Bank premises and fixed assets$4,757
Other real estate owned$2,633
Goodwill and other intangibles$0
All other assets$2,958
Life insurance assets$145,444
Total liabilities and capital$127,993
Total liabilities$121,929
Total deposits$101,615
Interest-bearing deposits$121,929
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$4,000
Other borrowed funds $0
Subordinated debt $2,064
All other liabilities $17,451
Total equity capital$17,451
Total bank equity capital$17,451
Perpetual preferred stock$0
Common stock$381
Surplus$381
Undivided profits $16,689
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $3,142
Earning assets $0
Long-term assets (5+ years) $633
Average Assets, year-to-date $133,247
Average Assets, quarterly $32,059
Volatile liabilities $151,757
Insider loans $146,288
FHLB advances $102,404
Loans and leases held for sale $147,833
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $15,822
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $5,604
Derivatives$3,403
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,736
Total interest expense $1,440
Net interest income $5,296
Provision for loan and lease losses $1,179
Total noninterest income $480
Fiduciary activities $0
Service charges on deposit accounts $427
Trading account gains & fees $0
Additional noninterest income $53
Total noninterest expense $5,145
Salaries and employee benefits $2,728
Premises and equipment expense $550
Additional noninterest expense $1,867
Pre-tax net operating income -$548
Securities gains (losses) $98
Applicable income taxes -$288
Income before extraordinary items -$162
Extraordinary gains - net $0
Net income attributable to bank -$162
Net charge-offs $0
Cash dividends -$162
Sale, conversion, retirement of capital stock, net $982
Net operating income $25
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.87%
Cost of funding earning assets 1.04%
Net interest margin 3.83%
Noninterest income to earning assets 0.35%
Noninterest expense to earning assets 3.72%
Net operating income to assets -0.15%
Return on assets (ROA) -0.11%
Pretax return on assets -0.30%
Return on equity (ROE) -0.95%
Retained earnings to average equity (YTD only) -1.10%
Net charge-offs to loans 1.00%
Credit loss provision to net charge-offs 120.06%
Efficiency ratio0.64%
Assets per employee$89,075
Cash dividends to net income (YTD only)4.16%
Condition Ratios (%)
Loss allowance to loans -15.43%
Loss allowance to noncurrent loans 1.88%
Noncurrent assets plus other real estate owned to assets 54.96%
Noncurrent loans to loans 3.97%
Net loans and leases to deposits3.41%
Net loans and leases to core deposits 74.10%
Equity capital to assets 78.00%
Core capital (leverage) ratio 12.00%
Tier 1 risk-based capital ratio 10.70%
Total risk-based capital ratio 15.45%
Memoranda
Average assets$17
Average earning assets$151,757
Average equity $17,042
Average loans $138,287
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3 Alabama Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
01859Amerifirst Bank104 Hardaway Avenue, Union Springs, AL 36089January 02, 1916Full Service Brick and Mortar
2194512Peppertree Branch8165 Vaughn Road, Montgomery, AL 36116September 01, 1998Full Service Brick and Mortar
5480332Prattville Branch1799 Highway 14 East, Prattville, AL 36066August 04, 2008Full Service Brick and Mortar
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