Farmers Exchange Bank in Louisville, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Farmers Exchange Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 54Total employees (full-time equivalent)
  • $188,848Total assets
  • $22,284Cash and due from depository institutions
  • $13,317Interest-bearing balances
  • $22,293Securities
  • $7,541Federal funds sold & reverse repurchase agreements
  • $128,744Net loans & leases
  • $1,857Loan loss allowance
  • $0Trading account assets
  • $2,002Bank premises and fixed assets
  • $3,486Other real estate owned
  • $0Goodwill and other intangibles
  • $188,848Life insurance assets
  • $2,498All other assets
  • $179,721Total liabilities and capital
  • $174,257Total liabilities
  • $163,119Total deposits
  • $174,257Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $464Subordinated debt
  • $9,127All other liabilities
  • $9,127Total equity capital
  • $9,127Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $9,632Surplus
  • $-555Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,979Income earned, not collected on loans
  • $0Earning assets
  • $1,145Long-term assets (5+ years)
  • $171,895Average Assets, year-to-date
  • $22,081Average Assets, quarterly
  • $194,041Volatile liabilities
  • $191,941Insider loans
  • $135,691FHLB advances
  • $192,046Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,902Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,011Restructured Loans and leases
  • $2,832Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,539Total interest income
  • $3,020Total interest expense
  • $6,519Net interest income
  • $1,923Provision for loan and lease losses
  • -$419Total noninterest income
  • $0Fiduciary activities
  • $282Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$701Additional noninterest income
  • $5,893Total noninterest expense
  • $2,707Salaries and employee benefits
  • $600Premises and equipment expense
  • $2,586Additional noninterest expense
  • -$1,716Pre-tax net operating income
  • -$543Securities gains (losses)
  • -$172Applicable income taxes
  • -$2,087Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,087Net income attributable to bank
  • $0Net charge-offs
  • -$2,087Cash dividends
  • $4,317Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.37%Yield on earning assets
  • 1.70%Cost of funding earning assets
  • 3.67%Net interest margin
  • -0.24%Noninterest income to earning assets
  • 3.32%Noninterest expense to earning assets
  • -0.82%Net operating income to assets
  • -1.08%Return on assets (ROA)
  • -1.16%Pretax return on assets
  • -21.74%Return on equity (ROE)
  • -21.74%Retained earnings to average equity (YTD only)
  • 3.14%Net charge-offs to loans
  • 44.54%Credit loss provision to net charge-offs
  • 0.05%Efficiency ratio
  • 96,607Assets per employee
  • 3.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.42%Loss allowance to noncurrent loans
  • 15.50%Noncurrent assets plus other real estate owned to assets
  • 8.19%Noncurrent loans to loans
  • 9.17%Net loans and leases to deposits
  • 73.88%Net loans and leases to core deposits
  • 90.10%Equity capital to assets
  • 4.83%Core capital (leverage) ratio
  • 4.64%Tier 1 risk-based capital ratio
  • 6.56%Total risk-based capital ratio
  • Memoranda
  • $8Average assets
  • $194,041Average earning assets
  • $9,601Average equity
  • $177,708Average loans

List of branches

  • 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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