First Citizens Bank in Luverne, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Citizens Bank - Overview

  • General
  • FDIC Certificate #: 23152
    Status: Active
    Federal Reserve ID: 541231
    Bank Holding Company (Regulatory Top Holder): First Citizens-Crenshaw Bancshares, Inc. (RSSDID: 1143379, Location: Luverne, AL)
    Date Established: July 08, 1980
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 14558
    FDIC's unique #: 16220
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: July 08, 1980
    Last Structure Change Effective Date: March 19, 2010
    Last Structure Change Process Date: March 22, 2010
    Last Data Update: March 22, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 West Third Street, Luverne, AL 36049
    County: Crenshaw
    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
  • History of Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $232.6 mil
    Equity capital: $23.8 mil
    Deposits held in domestic offices: $190.4 mil
    Return on assets (ROA): 0.93% ($2.2 mil)
    Quarterly return on assets: 0.75% ($1.7 mil)
    Return on Equity (ROE): 9.28% ($2.2 mil)
    Quarterly return on equity: 7.29% ($1.7 mil)
    Net income: $2.1 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.28% ($2,977.9 mil)
    Quarterly Pretax return on assets: 1.17% ($2,722.0 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
  • 64Total employees (full-time equivalent)
  • $232,647Total assets
  • $17,326Cash and due from depository institutions
  • $11,779Interest-bearing balances
  • $90,723Securities
  • $2,460Federal funds sold & reverse repurchase agreements
  • $99,040Net loans & leases
  • $2,385Loan loss allowance
  • $0Trading account assets
  • $5,629Bank premises and fixed assets
  • $1,608Other real estate owned
  • $1,369Goodwill and other intangibles
  • $232,647Life insurance assets
  • $14,492All other assets
  • $208,859Total liabilities and capital
  • $190,449Total liabilities
  • $155,102Total deposits
  • $190,449Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 3125.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $9,703Trading liabilities
  • $0Other borrowed funds
  • $5,582Subordinated debt
  • $23,788All other liabilities
  • $23,788Total equity capital
  • $23,788Total bank equity capital
  • $0Perpetual preferred stock
  • $21Common stock
  • $7,745Surplus
  • $16,022Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,012Income earned, not collected on loans
  • $0Earning assets
  • $1,288Long-term assets (5+ years)
  • $204,002Average Assets, year-to-date
  • $91,412Average Assets, quarterly
  • $225,017Volatile liabilities
  • $229,214Insider loans
  • $108,588FHLB advances
  • $226,693Loans and leases held for sale
  • $2,654Unused loan commitments
  • $2,654Tier 1 (core) risk-based capital
  • $21,279Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,568Restructured Loans and leases
  • $1,990Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,242Total interest income
  • $2,239Total interest expense
  • $8,003Net interest income
  • $1,200Provision for loan and lease losses
  • $2,516Total noninterest income
  • $0Fiduciary activities
  • $1,230Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,286Additional noninterest income
  • $6,639Total noninterest expense
  • $3,415Salaries and employee benefits
  • $640Premises and equipment expense
  • $2,584Additional noninterest expense
  • $2,680Pre-tax net operating income
  • $197Securities gains (losses)
  • $794Applicable income taxes
  • $2,083Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,083Net income attributable to bank
  • $0Net charge-offs
  • $2,083Cash dividends
  • $487Sale, conversion, retirement of capital stock, net
  • $575Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.29%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 4.14%Net interest margin
  • 1.30%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • 0.86%Net operating income to assets
  • 0.93%Return on assets (ROA)
  • 1.28%Pretax return on assets
  • 9.28%Return on equity (ROE)
  • 6.72%Retained earnings to average equity (YTD only)
  • 0.44%Net charge-offs to loans
  • 246.41%Credit loss provision to net charge-offs
  • 7.97%Efficiency ratio
  • 63,114Assets per employee
  • 3.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 27.60%Loss allowance to loans
  • 2.35%Loss allowance to noncurrent loans
  • 29.77%Noncurrent assets plus other real estate owned to assets
  • 4.14%Noncurrent loans to loans
  • 7.90%Net loans and leases to deposits
  • 52.00%Net loans and leases to core deposits
  • 54.53%Equity capital to assets
  • 10.22%Core capital (leverage) ratio
  • 9.39%Tier 1 risk-based capital ratio
  • 19.60%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $225,017Average earning assets
  • $22,435Average equity
  • $193,523Average loans

List of branches

  • 5 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016220First Citizens Bank100 West Third Street, Luverne, AL 36049July 08, 1980Full Service Brick and Mortar
    2257748Hayneville Facility40 Lafayette Street East, Hayneville, AL 36040April 15, 1985Full Service Brick and Mortar
    3257749Highland Home Branch17823 Montgomery Hwy, Highland Home, AL 36041November 01, 1997Full Service Brick and Mortar
    4430578Greenville Branch475 Greenville Bypass, Greenville, AL 36037September 19, 2003Full Service Brick and Mortar
    5506562Old Ford Road Branch115 West Old Ford Rd, Fort Deposit, AL 36032March 20, 2010Full Service Brick and Mortar

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