First Citizens Bank in Luverne, Alabama (AL)

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First Citizens Bank
GeneralFDIC 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
LocationAddress: 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 ChangesParticipated in FDIC Assisted Absorption/Consolidation/Merger
Financial SummaryTotal 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)
Total employees (full-time equivalent)64
Total assets$232,647
Cash and due from depository institutions$17,326
Interest-bearing balances$11,779
Federal funds sold & reverse repurchase agreements$2,460
Net loans & leases$99,040
Loan loss allowance $2,385
Trading account assets$0
Bank premises and fixed assets$5,629
Other real estate owned$1,608
Goodwill and other intangibles$1,369
All other assets$14,492
Life insurance assets$232,647
Total liabilities and capital$208,859
Total liabilities$190,449
Total deposits$155,102
Interest-bearing deposits$190,449
Deposits held in domestic offices$91
% insured (estimated)3125.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$9,703
Other borrowed funds $0
Subordinated debt $5,582
All other liabilities $23,788
Total equity capital$23,788
Total bank equity capital$23,788
Perpetual preferred stock$0
Common stock$21
Undivided profits $16,022
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $8,012
Earning assets $0
Long-term assets (5+ years) $1,288
Average Assets, year-to-date $204,002
Average Assets, quarterly $91,412
Volatile liabilities $225,017
Insider loans $229,214
FHLB advances $108,588
Loans and leases held for sale $226,693
Unused loan commitments $2,654
Tier 1 (core) risk-based capital $2,654
Tier 2 risk-based capital $21,279
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,568
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,242
Total interest expense $2,239
Net interest income $8,003
Provision for loan and lease losses $1,200
Total noninterest income $2,516
Fiduciary activities $0
Service charges on deposit accounts $1,230
Trading account gains & fees $0
Additional noninterest income $1,286
Total noninterest expense $6,639
Salaries and employee benefits $3,415
Premises and equipment expense $640
Additional noninterest expense $2,584
Pre-tax net operating income $2,680
Securities gains (losses) $197
Applicable income taxes $794
Income before extraordinary items $2,083
Extraordinary gains - net $0
Net income attributable to bank $2,083
Net charge-offs $0
Cash dividends $2,083
Sale, conversion, retirement of capital stock, net $487
Net operating income $575
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.29%
Cost of funding earning assets 1.16%
Net interest margin 4.14%
Noninterest income to earning assets 1.30%
Noninterest expense to earning assets 3.43%
Net operating income to assets 0.86%
Return on assets (ROA) 0.93%
Pretax return on assets 1.28%
Return on equity (ROE) 9.28%
Retained earnings to average equity (YTD only) 6.72%
Net charge-offs to loans 0.44%
Credit loss provision to net charge-offs 246.41%
Efficiency ratio7.97%
Assets per employee$63,114
Cash dividends to net income (YTD only)3.64%
Condition Ratios (%)
Loss allowance to loans 27.60%
Loss allowance to noncurrent loans 2.35%
Noncurrent assets plus other real estate owned to assets 29.77%
Noncurrent loans to loans 4.14%
Net loans and leases to deposits7.90%
Net loans and leases to core deposits 52.00%
Equity capital to assets 54.53%
Core capital (leverage) ratio 10.22%
Tier 1 risk-based capital ratio 9.39%
Total risk-based capital ratio 19.60%
Average assets$21
Average earning assets$225,017
Average equity $22,435
Average loans $193,523
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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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