Cullman Savings Bank in Cullman, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Cullman Savings Bank in Cullman, Alabama (AL)
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Cullman Savings Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total 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
  • 39Total employees (full-time equivalent)
  • $222,070Total assets
  • $2,107Cash and due from depository institutions
  • $129Interest-bearing balances
  • $29,707Securities
  • $7,350Federal funds sold & reverse repurchase agreements
  • $164,628Net loans & leases
  • $758Loan loss allowance
  • $0Trading account assets
  • $9,535Bank premises and fixed assets
  • $1,541Other real estate owned
  • $0Goodwill and other intangibles
  • $222,070Life insurance assets
  • $7,202All other assets
  • $188,817Total liabilities and capital
  • $144,640Total liabilities
  • $128,059Total deposits
  • $144,640Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $42,832Trading liabilities
  • $0Other borrowed funds
  • $1,345Subordinated debt
  • $33,253All other liabilities
  • $33,253Total equity capital
  • $33,253Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $5,000Surplus
  • $28,253Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,572Income earned, not collected on loans
  • $0Earning assets
  • $1,084Long-term assets (5+ years)
  • $201,814Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $226,372Volatile liabilities
  • $227,277Insider loans
  • $151,416FHLB advances
  • $221,753Loans and leases held for sale
  • $2,455Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $32,936Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,047Restructured Loans and leases
  • $5,323Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,666Total interest income
  • $3,259Total interest expense
  • $8,407Net interest income
  • $407Provision for loan and lease losses
  • $508Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $508Additional noninterest income
  • $5,311Total noninterest expense
  • $3,276Salaries and employee benefits
  • $1,011Premises and equipment expense
  • $1,024Additional noninterest expense
  • $3,197Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,131Applicable income taxes
  • $2,066Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,066Net income attributable to bank
  • $0Net charge-offs
  • $2,066Cash dividends
  • $383Sale, conversion, retirement of capital stock, net
  • $2,556Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.68%Yield on earning assets
  • 1.59%Cost of funding earning assets
  • 4.09%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 2.58%Noninterest expense to earning assets
  • 0.91%Net operating income to assets
  • 0.91%Return on assets (ROA)
  • 1.41%Pretax return on assets
  • 6.09%Return on equity (ROE)
  • -1.45%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 106.27%Credit loss provision to net charge-offs
  • 9.41%Efficiency ratio
  • 59,574Assets per employee
  • 5.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 123.72%Loss allowance to loans
  • 0.46%Loss allowance to noncurrent loans
  • 48.22%Noncurrent assets plus other real estate owned to assets
  • 1.40%Noncurrent loans to loans
  • 0.95%Net loans and leases to deposits
  • 113.82%Net loans and leases to core deposits
  • 128.83%Equity capital to assets
  • 14.97%Core capital (leverage) ratio
  • 14.85%Tier 1 risk-based capital ratio
  • 21.75%Total risk-based capital ratio
  • Memoranda
  • $22Average assets
  • $226,372Average earning assets
  • $33,901Average equity
  • $205,545Average loans

List of branches

  • 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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