BANKFIRST, a federal savings bank in Decatur, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 01, 1996

  • BANKFIRST, a federal savings bank in Decatur, Alabama (AL)
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BANKFIRST, a federal savings bank - Overview

  • General
  • FDIC Certificate #: 30100
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Union Planters Bank of Alabama (#29291)
    Federal Reserve ID: 803779
    Date Established: January 01, 1912
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 4743
    FDIC's unique #: 42934
    Numeric code: 33
    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: December 07, 1940
    Last Structure Change Effective Date: December 01, 1996
    Last Structure Change Process Date: January 13, 1997
    Last Data Update: Febuary 20, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 255 Grant Street S E, Decatur, AL 35602
    County: Morgan
    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): Decatur, AL (#2030)
    Combined Statistical Area (CSA): Huntsville-Decatur, AL (#290)
    Core Based Statistical Area (CBSA): Decatur, AL (#19460)
    CBSA Metro Statistical Area: Decatur, AL (#19460)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $252.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $90Total assets
  • $253,264Cash and due from depository institutions
  • $5,270Interest-bearing balances
  • $1,277Securities
  • $58,401Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $179,710Loan loss allowance
  • $1,853Trading account assets
  • $0Bank premises and fixed assets
  • $4,837Other real estate owned
  • $159Goodwill and other intangibles
  • $4,887Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $253,264Total liabilities
  • $235,850Total deposits
  • $230,470Interest-bearing deposits
  • $224,696Deposits held in domestic offices
  • 230470.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,000Subordinated debt
  • $0All other liabilities
  • $2,380Total equity capital
  • $2,380Total bank equity capital
  • $17,414Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $10,936Undivided profits
  • Memoranda
  • $6,477Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $124Income earned, not collected on loans
  • $1,122Earning assets
  • $239,388Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $266,365Average Assets, quarterly
  • $256,692Volatile liabilities
  • $26,143Insider loans
  • $293FHLB advances
  • $3,000Loans and leases held for sale
  • $0Unused loan commitments
  • $9,862Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $17,466Total risk weighted assets
  • $152,962Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $20,117Total interest expense
  • $11,105Net interest income
  • $9,012Provision for loan and lease losses
  • $55Total noninterest income
  • $1,716Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $1,716Total noninterest expense
  • $6,525Salaries and employee benefits
  • $3,116Premises and equipment expense
  • $1,410Additional noninterest expense
  • $1,999Pre-tax net operating income
  • $4,148Securities gains (losses)
  • -$160Applicable income taxes
  • $1,280Income before extraordinary items
  • $2,708Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,708Net charge-offs
  • $62Cash dividends
  • $7,544Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.99%Cost of funding earning assets
  • 4.41%Net interest margin
  • 3.58%Noninterest income to earning assets
  • 0.68%Noninterest expense to earning assets
  • 2.59%Net operating income to assets
  • 1.06%Return on assets (ROA)
  • 1.02%Pretax return on assets
  • 1.50%Return on equity (ROE)
  • 14.47%Retained earnings to average equity (YTD only)
  • -25.84%Net charge-offs to loans
  • 0.03%Credit loss provision to net charge-offs
  • 88.71%Efficiency ratio
  • 60,822Assets per employee
  • 2.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 278.58%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 1494.35%Noncurrent assets plus other real estate owned to assets
  • 0.11%Noncurrent loans to loans
  • 0.07%Net loans and leases to deposits
  • 77.98%Net loans and leases to core deposits
  • 86.68%Equity capital to assets
  • 6.88%Core capital (leverage) ratio
  • 6.89%Tier 1 risk-based capital ratio
  • 11.42%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $266,365Average earning assets
  • $18,714Average equity
  • $251,657Average loans

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