Bank of Prattville in Prattville, Alabama (AL)



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Bank of Prattville
GeneralFDIC Certificate #: 15309
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Whitney National Bank (#18538)
Federal Reserve ID: 591834
Date Established: September 11, 1935
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
OTS Docket #: 10725
FDIC's unique #: 9649
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: December 06, 1935
Last Structure Change Effective Date: June 08, 2001
Last Structure Change Process Date: June 28, 2001
Last Data Update: June 28, 2001
Data Source Date: April 05, 2012
LocationAddress: 124 West Main Street, Prattville, AL 36067
County: Autauga
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Dallas
FDIC Field Office: Montgomery
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Montgomery, AL (#5240)
Combined Statistical Area (CSA): Montgomery-Alexander City, AL (#388)
Core Based Statistical Area (CBSA): Montgomery, AL (#33860)
CBSA Metro Statistical Area: Montgomery, AL (#33860)
Financial SummaryTotal assets: $159.7 mil

1992 - 1999 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, 2000)
(Dollar figures in thousands)
Total employees (full-time equivalent)76
Total assets$160,626
Cash and due from depository institutions$3,645
Interest-bearing balances$0
Securities$60,053
Federal funds sold & reverse repurchase agreements$4,380
Net loans & leases$85,771
Loan loss allowance $2,991
Trading account assets$0
Bank premises and fixed assets$2,710
Other real estate owned$37
Goodwill and other intangibles$0
All other assets$4,030
Life insurance assets$0
Total liabilities and capital$160,626
Total liabilities$139,966
Total deposits$136,260
Interest-bearing deposits$110,464
Deposits held in domestic offices$136,260
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $832
Trading liabilities$0
Other borrowed funds $1,597
Subordinated debt $0
All other liabilities $1,277
Total equity capital$20,660
Total bank equity capital$20,660
Perpetual preferred stock$20,660
Common stock$0
Surplus$100
Undivided profits $1,900
Memoranda
Noncurrent loans and leases $18,660
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $7,298
Income earned, not collected on loans $0
Earning assets $721
Long-term assets (5+ years) $0
Average Assets, year-to-date $1,102
Average Assets, quarterly $150,204
Volatile liabilities $62,741
Insider loans $165,547
FHLB advances $162,366
Loans and leases held for sale $22,003
Unused loan commitments $2,292
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $7,298
Restructured Loans and leases $0
Derivatives$1,457
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Income and Expense (December 31, 2000)
(Dollar figures in thousands)
Total interest income $13,198
Total interest expense $5,648
Net interest income $7,550
Provision for loan and lease losses $1,890
Total noninterest income $1,264
Fiduciary activities $0
Service charges on deposit accounts $1,079
Trading account gains & fees $0
Additional noninterest income $185
Total noninterest expense $5,584
Salaries and employee benefits $3,102
Premises and equipment expense $1,190
Additional noninterest expense $1,292
Pre-tax net operating income $1,340
Securities gains (losses) $850
Applicable income taxes $554
Income before extraordinary items $1,636
Extraordinary gains - net $0
Net income attributable to bank $1,636
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $492
Net operating income $110
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Performance and Condition Ratios (December 31, 2000)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.75%
Cost of funding earning assets 3.75%
Net interest margin 5.01%
Noninterest income to earning assets 0.84%
Noninterest expense to earning assets 3.70%
Net operating income to assets 0.60%
Return on assets (ROA) 0.99%
Pretax return on assets 1.32%
Return on equity (ROE) 8.62%
Retained earnings to average equity (YTD only) 8.04%
Net charge-offs to loans 0.57%
Credit loss provision to net charge-offs 384.15%
Efficiency ratio6.57%
Assets per employee$63,354
Cash dividends to net income (YTD only)2.11%
Condition Ratios (%)
Loss allowance to loans 6.72%
Loss allowance to noncurrent loans 3.37%
Noncurrent assets plus other real estate owned to assets 414.84%
Noncurrent loans to loans 0.47%
Net loans and leases to deposits0.81%
Net loans and leases to core deposits 62.95%
Equity capital to assets 74.53%
Core capital (leverage) ratio 12.86%
Tier 1 risk-based capital ratio 12.90%
Total risk-based capital ratio 18.18%
Memoranda
Average assets$19
Average earning assets$165,547
Average equity $18,976
Average loans $150,758
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