Farmers Exchange Bank in Louisville, Alabama (AL)

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Farmers Exchange Bank routing number info

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Farmers Exchange Bank
GeneralFDIC Certificate #: 16910
Status: Active
Federal Reserve ID: 449430
Bank Holding Company (Regulatory Top Holder): Feb Bancshares, Inc. (RSSDID: 3438051, Location: Louisville, AL)
Date Established: January 01, 1917
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
FDIC's unique #: 10995
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: May 29, 1950
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 1920 Main Street, Louisville, AL 36048
County: Barbour
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
Core Based Statistical Area (CBSA): Eufaula, AL-GA (#21640)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $188.8 mil
Equity capital: $9.1 mil
Deposits held in domestic offices: $174.3 mil
Return on assets (ROA): -1.08% (-$2.0 mil)
Quarterly return on assets: -0.20% (-$0.4 mil)
Return on Equity (ROE): -21.74% (-$2.0 mil)
Quarterly return on equity: -4.09% (-$0.4 mil)
Net income: -$2.1 mil
Quarterly Net income: -$0.1 mil
Pretax return on assets: -1.16% (-$2,190.6 mil)
Quarterly Pretax return on assets: -0.26% (-$491.0 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)54
Total assets$188,848
Cash and due from depository institutions$22,284
Interest-bearing balances$13,317
Federal funds sold & reverse repurchase agreements$7,541
Net loans & leases$128,744
Loan loss allowance $1,857
Trading account assets$0
Bank premises and fixed assets$2,002
Other real estate owned$3,486
Goodwill and other intangibles$0
All other assets$2,498
Life insurance assets$188,848
Total liabilities and capital$179,721
Total liabilities$174,257
Total deposits$163,119
Interest-bearing deposits$174,257
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5,000
Other borrowed funds $0
Subordinated debt $464
All other liabilities $9,127
Total equity capital$9,127
Total bank equity capital$9,127
Perpetual preferred stock$0
Common stock$50
Undivided profits $-555
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 $11,979
Earning assets $0
Long-term assets (5+ years) $1,145
Average Assets, year-to-date $171,895
Average Assets, quarterly $22,081
Volatile liabilities $194,041
Insider loans $191,941
FHLB advances $135,691
Loans and leases held for sale $192,046
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $8,902
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $8,011
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $9,539
Total interest expense $3,020
Net interest income $6,519
Provision for loan and lease losses $1,923
Total noninterest income -$419
Fiduciary activities $0
Service charges on deposit accounts $282
Trading account gains & fees $0
Additional noninterest income -$701
Total noninterest expense $5,893
Salaries and employee benefits $2,707
Premises and equipment expense $600
Additional noninterest expense $2,586
Pre-tax net operating income -$1,716
Securities gains (losses) -$543
Applicable income taxes -$172
Income before extraordinary items -$2,087
Extraordinary gains - net $0
Net income attributable to bank -$2,087
Net charge-offs $0
Cash dividends -$2,087
Sale, conversion, retirement of capital stock, net $4,317
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.37%
Cost of funding earning assets 1.70%
Net interest margin 3.67%
Noninterest income to earning assets -0.24%
Noninterest expense to earning assets 3.32%
Net operating income to assets -0.82%
Return on assets (ROA) -1.08%
Pretax return on assets -1.16%
Return on equity (ROE) -21.74%
Retained earnings to average equity (YTD only) -21.74%
Net charge-offs to loans 3.14%
Credit loss provision to net charge-offs 44.54%
Efficiency ratio0.05%
Assets per employee$96,607
Cash dividends to net income (YTD only)3.50%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.42%
Noncurrent assets plus other real estate owned to assets 15.50%
Noncurrent loans to loans 8.19%
Net loans and leases to deposits9.17%
Net loans and leases to core deposits 73.88%
Equity capital to assets 90.10%
Core capital (leverage) ratio 4.83%
Tier 1 risk-based capital ratio 4.64%
Total risk-based capital ratio 6.56%
Average assets$8
Average earning assets$194,041
Average equity $9,601
Average loans $177,708
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4 Alabama Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
010995Farmers Exchange Bank1920 Main Street, Louisville, AL 36048January 01, 1917Full Service Brick and Mortar
1239519Eufaula Avenue Branch21 Eufaula Avenue, Clayton, AL 36016December 07, 1992Full Service Brick and Mortar
2469466North Eufaula Branch101 N. Eufaula Avenue, Eufaula, AL 36027November 09, 2007Full Service Brick and Mortar
3473827First Exchange Bank - A Division Of226 St. Joseph Avenue, Brewton, AL 36426March 24, 2008Full Service Brick and Mortar
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