CB&T Bank of East Alabama in Phenix City, Alabama (AL)



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CB&T Bank of East Alabama
GeneralFDIC Certificate #: 9055
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Synovus Bank (#873)
Federal Reserve ID: 87533
Date Established: April 06, 1909
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
FDIC's unique #: 5793
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 01, 2010
Last Structure Change Process Date: June 14, 2010
Last Data Update: June 14, 2010
Data Source Date: April 05, 2012
LocationAddress: 1000 13th Street, Phenix City, AL 36868
County: Russell
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
Metropolitan Statistical Area (MSA): Columbus, GA-AL (#1800)
Combined Statistical Area (CSA): Columbus-Auburn-Opelika, GA-AL (#194)
Core Based Statistical Area (CBSA): Columbus, GA-AL (#17980)
CBSA Metro Statistical Area: Columbus, GA-AL (#17980)
Financial SummaryTotal assets: $328.5 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, 2009)
(Dollar figures in thousands)
Total employees (full-time equivalent)56
Total assets$294,815
Cash and due from depository institutions$4,515
Interest-bearing balances$358
Securities$19,618
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$246,151
Loan loss allowance $7,182
Trading account assets$0
Bank premises and fixed assets$16,666
Other real estate owned$839
Goodwill and other intangibles$0
All other assets$7,026
Life insurance assets$0
Total liabilities and capital$294,815
Total liabilities$266,333
Total deposits$260,369
Interest-bearing deposits$218,792
Deposits held in domestic offices$260,369
% insured (estimated)88.02%
Federal funds purchased & repurchase agreements $4,459
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $1,505
Total equity capital$28,482
Total bank equity capital$28,482
Perpetual preferred stock$28,482
Common stock$0
Surplus$1
Undivided profits $11,833
Memoranda
Noncurrent loans and leases $16,648
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $17,492
Income earned, not collected on loans $0
Earning assets $5,438
Long-term assets (5+ years) $0
Average Assets, year-to-date $1,509
Average Assets, quarterly $266,127
Volatile liabilities $25,601
Insider loans $305,877
FHLB advances $306,658
Loans and leases held for sale $75,186
Unused loan commitments $4,326
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $17,492
Restructured Loans and leases $0
Derivatives$3,280
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Income and Expense (December 31, 2009)
(Dollar figures in thousands)
Total interest income $15,586
Total interest expense $3,832
Net interest income $11,754
Provision for loan and lease losses $4,537
Total noninterest income $1,687
Fiduciary activities $0
Service charges on deposit accounts $2,080
Trading account gains & fees $0
Additional noninterest income -$393
Total noninterest expense $8,372
Salaries and employee benefits $3,583
Premises and equipment expense $1,280
Additional noninterest expense $3,509
Pre-tax net operating income $532
Securities gains (losses) $265
Applicable income taxes $270
Income before extraordinary items $527
Extraordinary gains - net $0
Net income attributable to bank $527
Net charge-offs $0
Cash dividends $527
Sale, conversion, retirement of capital stock, net $1,687
Net operating income $775
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Performance and Condition Ratios (December 31, 2009)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.61%
Cost of funding earning assets 1.38%
Net interest margin 4.23%
Noninterest income to earning assets 0.61%
Noninterest expense to earning assets 3.01%
Net operating income to assets 0.12%
Return on assets (ROA) 0.17%
Pretax return on assets 0.26%
Return on equity (ROE) 1.95%
Retained earnings to average equity (YTD only) -0.92%
Net charge-offs to loans 0.66%
Credit loss provision to net charge-offs 268.94%
Efficiency ratio3.00%
Assets per employee$62,287
Cash dividends to net income (YTD only)5.26%
Condition Ratios (%)
Loss allowance to loans 147.06%
Loss allowance to noncurrent loans 2.84%
Noncurrent assets plus other real estate owned to assets 132.07%
Noncurrent loans to loans 2.13%
Net loans and leases to deposits2.15%
Net loans and leases to core deposits 94.54%
Equity capital to assets 129.80%
Core capital (leverage) ratio 9.66%
Tier 1 risk-based capital ratio 9.08%
Total risk-based capital ratio 10.91%
Memoranda
Average assets$12
Average earning assets$305,877
Average equity $26,972
Average loans $278,038
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