First Bank and Trust in Grove Hill, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1997

  • First Bank and Trust in Grove Hill, Alabama (AL)
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First Bank and Trust - Overview

  • General
  • FDIC Certificate #: 5610
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: First United Security Bank (#17077)
    Federal Reserve ID: 148135
    Date Established: January 01, 1910
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    OTS Docket #: 9203
    FDIC's unique #: 3820
    Numeric code: 21
    Regulator: FDIC
    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: January 01, 1934
    Last Structure Change Effective Date: July 01, 1997
    Last Structure Change Process Date: July 28, 1997
    Last Data Update: July 28, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 131 Main Street, Grove Hill, AL 36451
    County: Clarke
    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
  • Financial Summary
  • Total assets: $186.0 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)
  • $113Total assets
  • $193,782Cash and due from depository institutions
  • $7,696Interest-bearing balances
  • $45Securities
  • $34,739Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $139,725Loan loss allowance
  • $1,943Trading account assets
  • $0Bank premises and fixed assets
  • $2,626Other real estate owned
  • $1,856Goodwill and other intangibles
  • $4,756Life insurance assets
  • $2,384All other assets
  • $0Total liabilities and capital
  • $193,782Total liabilities
  • $173,565Total deposits
  • $166,507Interest-bearing deposits
  • $145,480Deposits held in domestic offices
  • 166507.00%% insured (estimated)
  • $87Federal funds purchased & repurchase agreements
  • $79Trading liabilities
  • $0Other borrowed funds
  • $5,439Subordinated debt
  • $0All other liabilities
  • $1,540Total equity capital
  • $1,540Total bank equity capital
  • $20,217Perpetual preferred stock
  • $0Common stock
  • $25Surplus
  • $5,551Undivided profits
  • Memoranda
  • $14,641Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,219Income earned, not collected on loans
  • $1,537Earning assets
  • $174,509Long-term assets (5+ years)
  • $20,826Average Assets, year-to-date
  • $187,228Average Assets, quarterly
  • $192,616Volatile liabilities
  • $22,658Insider loans
  • $791FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $15,806Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $17,850Total risk weighted assets
  • $142,629Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $16,399Total interest expense
  • $6,735Net interest income
  • $9,664Provision for loan and lease losses
  • $722Total noninterest income
  • $1,393Fiduciary activities
  • $0Service charges on deposit accounts
  • $954Trading account gains & fees
  • $0Additional noninterest income
  • $439Total noninterest expense
  • $6,022Salaries and employee benefits
  • $3,169Premises and equipment expense
  • $696Additional noninterest expense
  • $2,157Pre-tax net operating income
  • $4,313Securities gains (losses)
  • -$83Applicable income taxes
  • $1,281Income before extraordinary items
  • $2,949Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,949Net charge-offs
  • $468Cash dividends
  • $953Sale, 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
  • 9.68%Cost of funding earning assets
  • 3.98%Net interest margin
  • 5.70%Noninterest income to earning assets
  • 0.82%Noninterest expense to earning assets
  • 3.55%Net operating income to assets
  • 1.61%Return on assets (ROA)
  • 1.58%Pretax return on assets
  • 2.26%Return on equity (ROE)
  • 15.26%Retained earnings to average equity (YTD only)
  • 10.33%Net charge-offs to loans
  • 0.35%Credit loss provision to net charge-offs
  • 154.27%Efficiency ratio
  • 52,700Assets per employee
  • 1.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 32.32%Loss allowance to loans
  • 1.37%Loss allowance to noncurrent loans
  • 159.39%Noncurrent assets plus other real estate owned to assets
  • 0.64%Noncurrent loans to loans
  • 0.86%Net loans and leases to deposits
  • 83.92%Net loans and leases to core deposits
  • 96.93%Equity capital to assets
  • 10.43%Core capital (leverage) ratio
  • 9.48%Tier 1 risk-based capital ratio
  • 12.52%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $187,228Average earning assets
  • $19,321Average equity
  • $169,397Average loans

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