Elmore County Bank in Wetumpka, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1997

  • Elmore County Bank in Wetumpka, Alabama (AL)
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Elmore County Bank - Overview

  • General
  • FDIC Certificate #: 25718
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Aliant Bank (#2773)
    Federal Reserve ID: 359137
    Date Established: October 26, 1984
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    OTS Docket #: 10346
    FDIC's unique #: 17595
    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: October 26, 1984
    Last Structure Change Effective Date: January 01, 1997
    Last Structure Change Process Date: January 22, 1997
    Last Data Update: January 22, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 1051 S.E. Main Street, Wetumpka, AL 36092
    County: Elmore
    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): Montgomery, AL (#5240)
    Combined Statistical Area (CSA): Montgomery-Alexander City, AL (#388)
    Core Based Statistical Area (CBSA): Montgomery, AL (#33860)
    CBSA Metro Statistical Area: Montgomery, AL (#33860)
  • Financial Summary
  • Total assets: $65.8 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)
  • $21Total assets
  • $65,834Cash and due from depository institutions
  • $2,490Interest-bearing balances
  • $919Securities
  • $8,312Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $52,836Loan loss allowance
  • $624Trading account assets
  • $0Bank premises and fixed assets
  • $1,542Other real estate owned
  • $0Goodwill and other intangibles
  • $654Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $65,834Total liabilities
  • $60,478Total deposits
  • $59,044Interest-bearing deposits
  • $53,436Deposits held in domestic offices
  • 59044.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,000Subordinated debt
  • $0All other liabilities
  • $434Total equity capital
  • $434Total bank equity capital
  • $5,356Perpetual preferred stock
  • $0Common stock
  • $11Surplus
  • $1,565Undivided profits
  • Memoranda
  • $3,780Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $239Income earned, not collected on loans
  • $513Earning assets
  • $62,067Long-term assets (5+ years)
  • $6,202Average Assets, year-to-date
  • $64,897Average Assets, quarterly
  • $65,059Volatile liabilities
  • $11,255Insider loans
  • $2,293FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,725Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,340Total risk weighted assets
  • $47,684Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $5,400Total interest expense
  • $2,776Net interest income
  • $2,624Provision for loan and lease losses
  • $132Total noninterest income
  • $380Fiduciary activities
  • $0Service charges on deposit accounts
  • $339Trading account gains & fees
  • $0Additional noninterest income
  • $41Total noninterest expense
  • $1,777Salaries and employee benefits
  • $873Premises and equipment expense
  • $161Additional noninterest expense
  • $743Pre-tax net operating income
  • $1,095Securities gains (losses)
  • $0Applicable income taxes
  • $379Income before extraordinary items
  • $716Extraordinary gains - net
  • $0Net income attributable to bank
  • $716Net charge-offs
  • $68Cash dividends
  • $315Sale, 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
  • 8.79%Cost of funding earning assets
  • 4.52%Net interest margin
  • 4.27%Noninterest income to earning assets
  • 0.62%Noninterest expense to earning assets
  • 2.89%Net operating income to assets
  • 1.10%Return on assets (ROA)
  • 1.10%Pretax return on assets
  • 1.69%Return on equity (ROE)
  • 13.96%Retained earnings to average equity (YTD only)
  • 7.82%Net charge-offs to loans
  • 0.13%Credit loss provision to net charge-offs
  • 194.12%Efficiency ratio
  • 59,154Assets per employee
  • 3.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.99%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 261.09%Noncurrent assets plus other real estate owned to assets
  • 0.36%Noncurrent loans to loans
  • 0.45%Net loans and leases to deposits
  • 89.49%Net loans and leases to core deposits
  • 110.56%Equity capital to assets
  • 8.14%Core capital (leverage) ratio
  • 8.22%Tier 1 risk-based capital ratio
  • 11.20%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $64,897Average earning assets
  • $5,127Average equity
  • $61,440Average loans

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