Bank of Wedowee in Wedowee, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Bank of Wedowee in Wedowee, Alabama (AL)
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Bank of Wedowee - Overview

  • General
  • FDIC Certificate #: 5608
    Status: Active
    Federal Reserve ID: 358233
    Bank Holding Company (Regulatory Top Holder): Swann Bancshares, Inc. (RSSDID: 3100330, Location: Wedowee, AL)
    Date Established: Febuary 06, 1906
    WWW: http://www.bankofwedowee.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 #: 14631
    FDIC's unique #: 3818
    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: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: Febuary 24, 2011
    Last Structure Change Process Date: Febuary 24, 2011
    Last Data Update: Febuary 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 112 West Broad Street, Wedowee, AL 36278
    County: Randolph
    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
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $119.5 mil
    Equity capital: $14.0 mil
    Deposits held in domestic offices: $99.0 mil
    Return on assets (ROA): 0.33% ($0.4 mil)
    Quarterly return on assets: 0.35% ($0.4 mil)
    Return on Equity (ROE): 2.86% ($0.4 mil)
    Quarterly return on equity: 2.95% ($0.4 mil)
    Net income: $0.4 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.33% ($394.5 mil)
    Quarterly Pretax return on assets: 0.32% ($382.5 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
  • 36Total employees (full-time equivalent)
  • $119,540Total assets
  • $21,284Cash and due from depository institutions
  • $13,093Interest-bearing balances
  • $29,330Securities
  • $10,735Federal funds sold & reverse repurchase agreements
  • $46,628Net loans & leases
  • $755Loan loss allowance
  • $0Trading account assets
  • $2,610Bank premises and fixed assets
  • $800Other real estate owned
  • $0Goodwill and other intangibles
  • $119,540Life insurance assets
  • $8,153All other assets
  • $105,568Total liabilities and capital
  • $98,988Total liabilities
  • $82,314Total deposits
  • $98,988Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $6,000Trading liabilities
  • $0Other borrowed funds
  • $580Subordinated debt
  • $13,972All other liabilities
  • $13,972Total equity capital
  • $13,972Total bank equity capital
  • $0Perpetual preferred stock
  • $80Common stock
  • $2,000Surplus
  • $11,892Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,795Income earned, not collected on loans
  • $0Earning assets
  • $555Long-term assets (5+ years)
  • $99,786Average Assets, year-to-date
  • $26,390Average Assets, quarterly
  • $120,668Volatile liabilities
  • $119,584Insider loans
  • $58,531FHLB advances
  • $116,893Loans and leases held for sale
  • $4,153Unused loan commitments
  • $4,153Tier 1 (core) risk-based capital
  • $11,301Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,483Restructured Loans and leases
  • $1,604Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,545Total interest income
  • $1,585Total interest expense
  • $2,960Net interest income
  • $30Provision for loan and lease losses
  • $585Total noninterest income
  • $0Fiduciary activities
  • $281Service charges on deposit accounts
  • $0Trading account gains & fees
  • $304Additional noninterest income
  • $3,132Total noninterest expense
  • $1,958Salaries and employee benefits
  • $437Premises and equipment expense
  • $737Additional noninterest expense
  • $383Pre-tax net operating income
  • $15Securities gains (losses)
  • $1Applicable income taxes
  • $397Income before extraordinary items
  • $0Extraordinary gains - net
  • $397Net income attributable to bank
  • $0Net charge-offs
  • $397Cash dividends
  • $180Sale, conversion, retirement of capital stock, net
  • $300Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.52%Yield on earning assets
  • 1.58%Cost of funding earning assets
  • 2.94%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 3.11%Noninterest expense to earning assets
  • 0.32%Net operating income to assets
  • 0.33%Return on assets (ROA)
  • 0.33%Pretax return on assets
  • 2.86%Return on equity (ROE)
  • 0.70%Retained earnings to average equity (YTD only)
  • 0.37%Net charge-offs to loans
  • 16.67%Credit loss provision to net charge-offs
  • 2.29%Efficiency ratio
  • 88,350Assets per employee
  • 3.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 75.57%Loss allowance to loans
  • 1.59%Loss allowance to noncurrent loans
  • 42.06%Noncurrent assets plus other real estate owned to assets
  • 2.17%Noncurrent loans to loans
  • 3.79%Net loans and leases to deposits
  • 47.10%Net loans and leases to core deposits
  • 49.00%Equity capital to assets
  • 11.69%Core capital (leverage) ratio
  • 9.67%Tier 1 risk-based capital ratio
  • 19.31%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $120,668Average earning assets
  • $13,875Average equity
  • $100,574Average loans

List of branches

  • 3 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03818Bank Of Wedowee112 West Broad Street, Wedowee, AL 36278Febuary 06, 1906Full Service Brick and Mortar
    1207883Woodland Branch24514 Highway 48, Woodland, AL 36280October 01, 1971Full Service Brick and Mortar
    2207884Roanoke Branch3500 Highway 431, Roanoke, AL 36274October 14, 1997Full Service Brick and Mortar

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