First Alliance Bank in Cordova, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Alliance Bank in Cordova, Tennessee (TN)
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First Alliance Bank - Overview

  • General
  • FDIC Certificate #: 35245
    Status: Active
    Federal Reserve ID: 2848756
    Bank Holding Company (Regulatory Top Holder): First Alliance Bancshares, Inc. (RSSDID: 3640041, Location: Cordova, TN)
    Date Established: September 27, 1999
    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 #: 76802
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: September 27, 1999
    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: 51 Germantown Court, Suite 100, Cordova, TN 38018
    County: Shelby
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Memphis
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Memphis, TN-AR-MS (#4920)
    Core Based Statistical Area (CBSA): Memphis, TN-MS-AR (#32820)
    CBSA Metro Statistical Area: Memphis, TN-MS-AR (#32820)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $126.8 mil
    Equity capital: $12.3 mil
    Deposits held in domestic offices: $102.2 mil
    Return on assets (ROA): -0.11% (-$0.1 mil)
    Quarterly return on assets: -0.70% (-$0.9 mil)
    Return on Equity (ROE): -1.12% (-$0.1 mil)
    Quarterly return on equity: -7.08% (-$0.8 mil)
    Net income: -$0.1 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: -0.11% (-$139.5 mil)
    Quarterly Pretax return on assets: -0.70% (-$887.6 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
  • 36Total employees (full-time equivalent)
  • $126,806Total assets
  • $7,822Cash and due from depository institutions
  • $349Interest-bearing balances
  • $13,016Securities
  • $2,400Federal funds sold & reverse repurchase agreements
  • $89,287Net loans & leases
  • $2,257Loan loss allowance
  • $0Trading account assets
  • $2,778Bank premises and fixed assets
  • $5,402Other real estate owned
  • $0Goodwill and other intangibles
  • $126,806Life insurance assets
  • $6,101All other assets
  • $114,518Total liabilities and capital
  • $102,181Total liabilities
  • $89,615Total deposits
  • $102,181Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 3132.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,556Trading liabilities
  • $0Other borrowed funds
  • $649Subordinated debt
  • $12,288All other liabilities
  • $12,288Total equity capital
  • $12,288Total bank equity capital
  • $0Perpetual preferred stock
  • $779Common stock
  • $11,845Surplus
  • $-336Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,308Income earned, not collected on loans
  • $0Earning assets
  • $451Long-term assets (5+ years)
  • $105,052Average Assets, year-to-date
  • $9,784Average Assets, quarterly
  • $128,691Volatile liabilities
  • $125,845Insider loans
  • $92,827FHLB advances
  • $124,441Loans and leases held for sale
  • $2,807Unused loan commitments
  • $2,807Tier 1 (core) risk-based capital
  • $10,649Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,121Restructured Loans and leases
  • $1,334Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,145Total interest income
  • $1,652Total interest expense
  • $4,493Net interest income
  • $95Provision for loan and lease losses
  • $225Total noninterest income
  • $0Fiduciary activities
  • $265Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$40Additional noninterest income
  • $4,759Total noninterest expense
  • $2,385Salaries and employee benefits
  • $872Premises and equipment expense
  • $1,502Additional noninterest expense
  • -$136Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$136Income before extraordinary items
  • $0Extraordinary gains - net
  • -$136Net income attributable to bank
  • $0Net charge-offs
  • -$136Cash dividends
  • $1,510Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.66%Yield on earning assets
  • 1.52%Cost of funding earning assets
  • 4.14%Net interest margin
  • 0.21%Noninterest income to earning assets
  • 4.39%Noninterest expense to earning assets
  • -0.11%Net operating income to assets
  • -0.11%Return on assets (ROA)
  • -0.11%Pretax return on assets
  • -1.12%Return on equity (ROE)
  • -1.12%Retained earnings to average equity (YTD only)
  • 1.58%Net charge-offs to loans
  • 6.29%Credit loss provision to net charge-offs
  • -0.03%Efficiency ratio
  • 100,869Assets per employee
  • 3.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.47%Loss allowance to noncurrent loans
  • 172.55%Noncurrent assets plus other real estate owned to assets
  • 5.29%Noncurrent loans to loans
  • 1.43%Net loans and leases to deposits
  • 87.38%Net loans and leases to core deposits
  • 88.52%Equity capital to assets
  • 9.69%Core capital (leverage) ratio
  • 8.56%Tier 1 risk-based capital ratio
  • 11.47%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $128,691Average earning assets
  • $12,166Average equity
  • $108,504Average loans

List of branches

  • 4 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    076802First Alliance Bank51 Germantown Court, Suite 100, Cordova, TN 38018September 27, 1999Full Service Brick and Mortar
    1420384Uptown Memphis Branch464 North Front Street, Memphis, TN 38105August 21, 2003Full Service Brick and Mortar
    2462642Oakland Branch5960 Highway 64, Oakland, TN 38060April 20, 2007Full Service Brick and Mortar
    3480395East Memphis Office4700 Poplar Avenue, Memphis, TN 38117August 22, 2008Full Service Brick and Mortar

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