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
    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

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