First Cahawba Bank in Selma, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches


First Cahawba Bank - Overview

  • General
  • FDIC Certificate #: 58636
    Status: Active
    Federal Reserve ID: 3633016
    Date Established: September 10, 2007
    WWW: http://www.firstcahawba.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 460562
    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 10, 2007
    Last Structure Change Effective Date: September 10, 2007
    Last Structure Change Process Date: September 19, 2007
    Last Data Update: September 19, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 2610 Citizens Parkway, Selma, AL 36701
    County: Dallas
    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): Selma, AL (#42820)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    New Institution
  • Financial Summary
  • Total assets: $85.7 mil
    Equity capital: $10.0 mil
    Deposits held in domestic offices: $70.6 mil
    Return on assets (ROA): 0.28% ($0.2 mil)
    Quarterly return on assets: -0.13% (-$0.1 mil)
    Return on Equity (ROE): 2.19% ($0.2 mil)
    Quarterly return on equity: -1.08% (-$0.1 mil)
    Net income: $0.2 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 0.28% ($239.9 mil)
    Quarterly Pretax return on assets: -0.13% (-$111.4 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
  • 19Total employees (full-time equivalent)
  • $85,676Total assets
  • $14,307Cash and due from depository institutions
  • $3,583Interest-bearing balances
  • $15,829Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $52,330Net loans & leases
  • $560Loan loss allowance
  • $0Trading account assets
  • $2,072Bank premises and fixed assets
  • $155Other real estate owned
  • $0Goodwill and other intangibles
  • $85,676Life insurance assets
  • $983All other assets
  • $75,680Total liabilities and capital
  • $70,580Total liabilities
  • $53,552Total deposits
  • $70,580Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $100Subordinated debt
  • $9,996All other liabilities
  • $9,996Total equity capital
  • $9,996Total bank equity capital
  • $0Perpetual preferred stock
  • $1,145Common stock
  • $10,775Surplus
  • $-1,924Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,904Income earned, not collected on loans
  • $0Earning assets
  • $257Long-term assets (5+ years)
  • $71,742Average Assets, year-to-date
  • $18,846Average Assets, quarterly
  • $77,999Volatile liabilities
  • $83,477Insider loans
  • $52,518FHLB advances
  • $80,991Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,884Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,018Restructured Loans and leases
  • $1,919Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,112Total interest income
  • $508Total interest expense
  • $2,604Net interest income
  • $372Provision for loan and lease losses
  • $338Total noninterest income
  • $0Fiduciary activities
  • $314Service charges on deposit accounts
  • $0Trading account gains & fees
  • $24Additional noninterest income
  • $2,527Total noninterest expense
  • $1,349Salaries and employee benefits
  • $184Premises and equipment expense
  • $994Additional noninterest expense
  • $43Pre-tax net operating income
  • $172Securities gains (losses)
  • $0Applicable income taxes
  • $215Income before extraordinary items
  • $0Extraordinary gains - net
  • $215Net income attributable to bank
  • $0Net charge-offs
  • $215Cash dividends
  • $417Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.43%Yield on earning assets
  • 0.72%Cost of funding earning assets
  • 3.70%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 3.60%Noninterest expense to earning assets
  • 0.06%Net operating income to assets
  • 0.28%Return on assets (ROA)
  • 0.28%Pretax return on assets
  • 2.19%Return on equity (ROE)
  • 2.19%Retained earnings to average equity (YTD only)
  • 0.86%Net charge-offs to loans
  • 89.21%Credit loss provision to net charge-offs
  • 1.00%Efficiency ratio
  • 85,894Assets per employee
  • 4.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.06%Loss allowance to noncurrent loans
  • 29.41%Noncurrent assets plus other real estate owned to assets
  • 2.40%Noncurrent loans to loans
  • 3.60%Net loans and leases to deposits
  • 74.14%Net loans and leases to core deposits
  • 77.45%Equity capital to assets
  • 11.67%Core capital (leverage) ratio
  • 12.20%Tier 1 risk-based capital ratio
  • 18.82%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $77,999Average earning assets
  • $9,829Average equity
  • $70,288Average loans

List of branches

  • 2 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0460562First Cahawba Bank2610 Citizens Parkway, Selma, AL 36701September 10, 2007Full Service Brick and Mortar
    1479641Downtown Office Branch801 Alabama Ave, Selma, AL 36701March 01, 2008Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Cahawba Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents