Amerifirst Bank in Union Springs, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Amerifirst Bank - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 35Total employees (full-time equivalent)
  • $145,444Total assets
  • $5,262Cash and due from depository institutions
  • $3,413Interest-bearing balances
  • $31,784Securities
  • $7,700Federal funds sold & reverse repurchase agreements
  • $90,350Net loans & leases
  • $1,727Loan loss allowance
  • $0Trading account assets
  • $4,757Bank premises and fixed assets
  • $2,633Other real estate owned
  • $0Goodwill and other intangibles
  • $145,444Life insurance assets
  • $2,958All other assets
  • $127,993Total liabilities and capital
  • $121,929Total liabilities
  • $101,615Total deposits
  • $121,929Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,000Trading liabilities
  • $0Other borrowed funds
  • $2,064Subordinated debt
  • $17,451All other liabilities
  • $17,451Total equity capital
  • $17,451Total bank equity capital
  • $0Perpetual preferred stock
  • $381Common stock
  • $381Surplus
  • $16,689Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,142Income earned, not collected on loans
  • $0Earning assets
  • $633Long-term assets (5+ years)
  • $133,247Average Assets, year-to-date
  • $32,059Average Assets, quarterly
  • $151,757Volatile liabilities
  • $146,288Insider loans
  • $102,404FHLB advances
  • $147,833Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $15,822Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,604Restructured Loans and leases
  • $3,403Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,736Total interest income
  • $1,440Total interest expense
  • $5,296Net interest income
  • $1,179Provision for loan and lease losses
  • $480Total noninterest income
  • $0Fiduciary activities
  • $427Service charges on deposit accounts
  • $0Trading account gains & fees
  • $53Additional noninterest income
  • $5,145Total noninterest expense
  • $2,728Salaries and employee benefits
  • $550Premises and equipment expense
  • $1,867Additional noninterest expense
  • -$548Pre-tax net operating income
  • $98Securities gains (losses)
  • -$288Applicable income taxes
  • -$162Income before extraordinary items
  • $0Extraordinary gains - net
  • -$162Net income attributable to bank
  • $0Net charge-offs
  • -$162Cash dividends
  • $982Sale, conversion, retirement of capital stock, net
  • $25Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.87%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 3.83%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 3.72%Noninterest expense to earning assets
  • -0.15%Net operating income to assets
  • -0.11%Return on assets (ROA)
  • -0.30%Pretax return on assets
  • -0.95%Return on equity (ROE)
  • -1.10%Retained earnings to average equity (YTD only)
  • 1.00%Net charge-offs to loans
  • 120.06%Credit loss provision to net charge-offs
  • 0.64%Efficiency ratio
  • 89,075Assets per employee
  • 4.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -15.43%Loss allowance to loans
  • 1.88%Loss allowance to noncurrent loans
  • 54.96%Noncurrent assets plus other real estate owned to assets
  • 3.97%Noncurrent loans to loans
  • 3.41%Net loans and leases to deposits
  • 74.10%Net loans and leases to core deposits
  • 78.00%Equity capital to assets
  • 12.00%Core capital (leverage) ratio
  • 10.70%Tier 1 risk-based capital ratio
  • 15.45%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $151,757Average earning assets
  • $17,042Average equity
  • $138,287Average loans

List of branches

  • 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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