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

This bank is inactive as of December 12, 1997

  • Citizens Bank of Talladega in Talladega, Alabama (AL)
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Citizens Bank of Talladega - Overview

  • General
  • FDIC Certificate #: 33623
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Citizens Bank (#2778)
    Federal Reserve ID: 258436
    Date Established: July 10, 1992
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 47677
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 10, 1992
    Last Structure Change Effective Date: December 12, 1997
    Last Structure Change Process Date: December 29, 1997
    Last Data Update: December 29, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 409 East Battle Street, Talladega, AL 35160
    County: Talladega
    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
    Core Based Statistical Area (CBSA): Talladega-Sylacauga, AL (#45180)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $50.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $26Total assets
  • $49,388Cash and due from depository institutions
  • $2,448Interest-bearing balances
  • $32Securities
  • $9,835Federal funds sold & reverse repurchase agreements
  • $200Net loans & leases
  • $34,663Loan loss allowance
  • $511Trading account assets
  • $0Bank premises and fixed assets
  • $1,063Other real estate owned
  • $193Goodwill and other intangibles
  • $986Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $49,388Total liabilities
  • $44,482Total deposits
  • $44,243Interest-bearing deposits
  • $39,575Deposits held in domestic offices
  • 44243.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $239Total equity capital
  • $239Total bank equity capital
  • $4,906Perpetual preferred stock
  • $1Common stock
  • $10Surplus
  • $3,953Undivided profits
  • Memoranda
  • $942Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10Income earned, not collected on loans
  • $262Earning assets
  • $44,730Long-term assets (5+ years)
  • $12,781Average Assets, year-to-date
  • $54,925Average Assets, quarterly
  • $49,566Volatile liabilities
  • $5,711Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $2,607Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,909Total risk weighted assets
  • $30,381Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,372Total interest expense
  • $2,051Net interest income
  • $2,321Provision for loan and lease losses
  • $1Total noninterest income
  • $661Fiduciary activities
  • $0Service charges on deposit accounts
  • $363Trading account gains & fees
  • $0Additional noninterest income
  • $298Total noninterest expense
  • $1,731Salaries and employee benefits
  • $723Premises and equipment expense
  • $347Additional noninterest expense
  • $661Pre-tax net operating income
  • $1,250Securities gains (losses)
  • $0Applicable income taxes
  • $227Income before extraordinary items
  • $1,023Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,023Net charge-offs
  • $96Cash dividends
  • $575Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.72%Cost of funding earning assets
  • 4.09%Net interest margin
  • 4.63%Noninterest income to earning assets
  • 1.32%Noninterest expense to earning assets
  • 3.45%Net operating income to assets
  • 1.86%Return on assets (ROA)
  • 1.86%Pretax return on assets
  • 2.28%Return on equity (ROE)
  • 22.05%Retained earnings to average equity (YTD only)
  • 9.66%Net charge-offs to loans
  • 0.27%Credit loss provision to net charge-offs
  • 1.04%Efficiency ratio
  • 58,048Assets per employee
  • 1.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 56.21%Loss allowance to loans
  • 1.45%Loss allowance to noncurrent loans
  • 5110.00%Noncurrent assets plus other real estate owned to assets
  • 0.41%Noncurrent loans to loans
  • 0.03%Net loans and leases to deposits
  • 78.35%Net loans and leases to core deposits
  • 89.96%Equity capital to assets
  • 9.93%Core capital (leverage) ratio
  • 9.94%Tier 1 risk-based capital ratio
  • 16.16%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $54,925Average earning assets
  • $4,639Average equity
  • $50,143Average loans

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