Cullman Savings Bank in Cullman, Alabama (AL)



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Cullman Savings Bank
GeneralFDIC Certificate #: 30167
Status: Active
Federal Reserve ID: 934673
Date Established: January 01, 1937
WWW: http://www.cullmansavingsbank.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 4877
FDIC's unique #: 43001
Numeric code: 33
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: September 24, 1941
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 316 Second Avenue S.W., Cullman, AL 35055
County: Cullman
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
Combined Statistical Area (CSA): Birmingham-Hoover-Cullman, AL (#142)
Core Based Statistical Area (CBSA): Cullman, AL (#18980)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $222.1 mil
Equity capital: $33.3 mil
Deposits held in domestic offices: $144.6 mil
Return on assets (ROA): 0.91% ($2.0 mil)
Quarterly return on assets: 0.93% ($2.1 mil)
Return on Equity (ROE): 6.09% ($2.0 mil)
Quarterly return on equity: 6.19% ($2.0 mil)
Net income: $2.1 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 1.41% ($3,131.2 mil)
Quarterly Pretax return on assets: 1.41% ($3,131.2 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)
Total employees (full-time equivalent)39
Total assets$222,070
Cash and due from depository institutions$2,107
Interest-bearing balances$129
Securities$29,707
Federal funds sold & reverse repurchase agreements$7,350
Net loans & leases$164,628
Loan loss allowance $758
Trading account assets$0
Bank premises and fixed assets$9,535
Other real estate owned$1,541
Goodwill and other intangibles$0
All other assets$7,202
Life insurance assets$222,070
Total liabilities and capital$188,817
Total liabilities$144,640
Total deposits$128,059
Interest-bearing deposits$144,640
Deposits held in domestic offices$81
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$42,832
Other borrowed funds $0
Subordinated debt $1,345
All other liabilities $33,253
Total equity capital$33,253
Total bank equity capital$33,253
Perpetual preferred stock$0
Common stock$0
Surplus$5,000
Undivided profits $28,253
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,572
Earning assets $0
Long-term assets (5+ years) $1,084
Average Assets, year-to-date $201,814
Average Assets, quarterly $0
Volatile liabilities $226,372
Insider loans $227,277
FHLB advances $151,416
Loans and leases held for sale $221,753
Unused loan commitments $2,455
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $32,936
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $9,047
Derivatives$5,323
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $11,666
Total interest expense $3,259
Net interest income $8,407
Provision for loan and lease losses $407
Total noninterest income $508
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $508
Total noninterest expense $5,311
Salaries and employee benefits $3,276
Premises and equipment expense $1,011
Additional noninterest expense $1,024
Pre-tax net operating income $3,197
Securities gains (losses) $0
Applicable income taxes $1,131
Income before extraordinary items $2,066
Extraordinary gains - net $0
Net income attributable to bank $2,066
Net charge-offs $0
Cash dividends $2,066
Sale, conversion, retirement of capital stock, net $383
Net operating income $2,556
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.68%
Cost of funding earning assets 1.59%
Net interest margin 4.09%
Noninterest income to earning assets 0.25%
Noninterest expense to earning assets 2.58%
Net operating income to assets 0.91%
Return on assets (ROA) 0.91%
Pretax return on assets 1.41%
Return on equity (ROE) 6.09%
Retained earnings to average equity (YTD only) -1.45%
Net charge-offs to loans 0.22%
Credit loss provision to net charge-offs 106.27%
Efficiency ratio9.41%
Assets per employee$59,574
Cash dividends to net income (YTD only)5.69%
Condition Ratios (%)
Loss allowance to loans 123.72%
Loss allowance to noncurrent loans 0.46%
Noncurrent assets plus other real estate owned to assets 48.22%
Noncurrent loans to loans 1.40%
Net loans and leases to deposits0.95%
Net loans and leases to core deposits 113.82%
Equity capital to assets 128.83%
Core capital (leverage) ratio 14.97%
Tier 1 risk-based capital ratio 14.85%
Total risk-based capital ratio 21.75%
Memoranda
Average assets$22
Average earning assets$226,372
Average equity $33,901
Average loans $205,545
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3 Alabama Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
043001Cullman Savings Bank316 Second Avenue S.W., Cullman, AL 35055January 01, 1937Full Service Brick and Mortar
100278901101 Main Street Sw Branch101 Main Street Sw, Hanceville, AL 35077January 01, 1937Full Service Brick and Mortar
1014292793201 Alabama Hwy 157 Branch3201 Alabama Highway 157, Cullman, AL 35058June 01, 2004Full Service Brick and Mortar
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