Brundidge Banking Company, Inc. in Brundidge, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1995

Brundidge Banking Company, Inc. in Brundidge, Alabama (AL)
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Brundidge Banking Company, Inc. - Overview

General
FDIC Certificate #: 74
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Colonial Bank (#9609)
Federal Reserve ID: 535632
Date Established: August 04, 1900
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 2 (Interstate: No)
OTS Docket #: 10570
FDIC's unique #: 54
Numeric code: 13
Regulator: FED
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: January 01, 1934
Last Structure Change Effective Date: April 01, 1995
Last Structure Change Process Date: April 25, 1995
Last Data Update: April 25, 1995
Data Source Date: April 05, 2012
Location
Address: 200 North Main Street, Brundidge, AL 36010
County: Pike
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
Core Based Statistical Area (CBSA): Troy, AL (#45980)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $53.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$30Total assets
$53,878Cash and due from depository institutions
$3,870Interest-bearing balances
$1,200Securities
$15,158Federal funds sold & reverse repurchase agreements
$1,945Net loans & leases
$30,816Loan loss allowance
$309Trading account assets
$0Bank premises and fixed assets
$1,084Other real estate owned
$0Goodwill and other intangibles
$1,005Life insurance assets
$0All other assets
$0Total liabilities and capital
$53,878Total liabilities
$50,192Total deposits
$46,182Interest-bearing deposits
$39,862Deposits held in domestic offices
46182.00%% insured (estimated)
$88Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$3,675Subordinated debt
$0All other liabilities
$335Total equity capital
$335Total bank equity capital
$3,686Perpetual preferred stock
$0Common stock
$499Surplus
$180Undivided profits
Memoranda
$3,007Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$305Income earned, not collected on loans
$533Earning assets
$49,119Long-term assets (5+ years)
$22,818Average Assets, year-to-date
$54,559Average Assets, quarterly
$53,944Volatile liabilities
$11,635Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$793Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,873Total risk weighted assets
$32,307Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$4,133Total interest expense
$1,921Net interest income
$2,212Provision for loan and lease losses
$151Total noninterest income
$341Fiduciary activities
$0Service charges on deposit accounts
$307Trading account gains & fees
$0Additional noninterest income
$34Total noninterest expense
$1,904Salaries and employee benefits
$971Premises and equipment expense
$301Additional noninterest expense
$632Pre-tax net operating income
$498Securities gains (losses)
$173Applicable income taxes
$207Income before extraordinary items
$464Extraordinary gains - net
$0Net income attributable to bank
$464Net charge-offs
$105Cash dividends
$50Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.30%Cost of funding earning assets
3.86%Net interest margin
4.44%Noninterest income to earning assets
0.68%Noninterest expense to earning assets
3.82%Net operating income to assets
0.63%Return on assets (ROA)
0.85%Pretax return on assets
1.23%Return on equity (ROE)
12.57%Retained earnings to average equity (YTD only)
11.21%Net charge-offs to loans
0.34%Credit loss provision to net charge-offs
143.81%Efficiency ratio
74,579Assets per employee
1.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
10.78%Loss allowance to loans
0.99%Loss allowance to noncurrent loans
101.31%Noncurrent assets plus other real estate owned to assets
0.57%Noncurrent loans to loans
0.98%Net loans and leases to deposits
66.73%Net loans and leases to core deposits
89.13%Equity capital to assets
6.84%Core capital (leverage) ratio
7.06%Tier 1 risk-based capital ratio
11.99%Total risk-based capital ratio
Memoranda
$13Average assets
$54,559Average earning assets
$3,693Average equity
$49,804Average loans

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