First Bank of Boaz in Boaz, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches


First Bank of Boaz - Overview

  • General
  • FDIC Certificate #: 2784
    Status: Active
    Federal Reserve ID: 533535
    Bank Holding Company (Regulatory Top Holder): First Boaz Bancorporation (RSSDID: 1082889, Location: Boaz, AL)
    Date Established: January 01, 1906
    WWW: http://www.firstbankofboaz.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 1816
    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: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: Febuary 24, 2011
    Last Structure Change Process Date: Febuary 24, 2011
    Last Data Update: Febuary 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 124 South Main Street, Boaz, AL 35957
    County: Marshall
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Shelby
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Albertville, AL (#10700)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $182.6 mil
    Equity capital: $30.7 mil
    Deposits held in domestic offices: $129.8 mil
    Return on assets (ROA): 1.83% ($3.3 mil)
    Quarterly return on assets: 1.98% ($3.6 mil)
    Return on Equity (ROE): 11.88% ($3.7 mil)
    Quarterly return on equity: 11.92% ($3.7 mil)
    Net income: $3.3 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 2.28% ($4,162.6 mil)
    Quarterly Pretax return on assets: 2.21% ($4,034.8 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
  • 28Total employees (full-time equivalent)
  • $182,570Total assets
  • $1,900Cash and due from depository institutions
  • $47Interest-bearing balances
  • $124,574Securities
  • $3,950Federal funds sold & reverse repurchase agreements
  • $47,918Net loans & leases
  • $799Loan loss allowance
  • $0Trading account assets
  • $553Bank premises and fixed assets
  • $85Other real estate owned
  • $0Goodwill and other intangibles
  • $182,570Life insurance assets
  • $3,590All other assets
  • $151,866Total liabilities and capital
  • $129,766Total liabilities
  • $111,370Total deposits
  • $129,766Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $20,000Trading liabilities
  • $0Other borrowed funds
  • $2,100Subordinated debt
  • $30,704All other liabilities
  • $30,704Total equity capital
  • $30,704Total bank equity capital
  • $0Perpetual preferred stock
  • $80Common stock
  • $1,520Surplus
  • $29,104Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $18Income earned, not collected on loans
  • $0Earning assets
  • $265Long-term assets (5+ years)
  • $176,489Average Assets, year-to-date
  • $120,746Average Assets, quarterly
  • $178,343Volatile liabilities
  • $183,983Insider loans
  • $97,053FHLB advances
  • $181,772Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $27,911Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,882Restructured Loans and leases
  • $3,388Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,377Total interest income
  • $2,146Total interest expense
  • $6,231Net interest income
  • $240Provision for loan and lease losses
  • $499Total noninterest income
  • $0Fiduciary activities
  • $334Service charges on deposit accounts
  • $0Trading account gains & fees
  • $165Additional noninterest income
  • $2,835Total noninterest expense
  • $1,441Salaries and employee benefits
  • $371Premises and equipment expense
  • $1,023Additional noninterest expense
  • $3,655Pre-tax net operating income
  • $408Securities gains (losses)
  • $796Applicable income taxes
  • $3,267Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,267Net income attributable to bank
  • $0Net charge-offs
  • $3,267Cash dividends
  • $187Sale, conversion, retirement of capital stock, net
  • $689Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.90%Yield on earning assets
  • 1.25%Cost of funding earning assets
  • 3.64%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 1.66%Noninterest expense to earning assets
  • 1.65%Net operating income to assets
  • 1.83%Return on assets (ROA)
  • 2.28%Pretax return on assets
  • 11.88%Return on equity (ROE)
  • 9.38%Retained earnings to average equity (YTD only)
  • 0.39%Net charge-offs to loans
  • 128.34%Credit loss provision to net charge-offs
  • 20.83%Efficiency ratio
  • 42,125Assets per employee
  • 6.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 21.09%Loss allowance to loans
  • 1.64%Loss allowance to noncurrent loans
  • 4438.89%Noncurrent assets plus other real estate owned to assets
  • 0.06%Noncurrent loans to loans
  • 0.04%Net loans and leases to deposits
  • 36.93%Net loans and leases to core deposits
  • 38.82%Equity capital to assets
  • 16.82%Core capital (leverage) ratio
  • 15.35%Tier 1 risk-based capital ratio
  • 28.76%Total risk-based capital ratio
  • Memoranda
  • $30Average assets
  • $178,343Average earning assets
  • $27,490Average equity
  • $171,051Average loans

List of branches

  • 1 Alabama Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01816First Bank Of Boaz124 South Main Street, Boaz, AL 35957January 01, 1906Full Service Brick and Mortar

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