First Commercial Bank in Birmingham, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 2010

  • First Commercial Bank in Birmingham, Alabama (AL)
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First Commercial Bank - Overview

  • General
  • FDIC Certificate #: 26359
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Synovus Bank (#873)
    Federal Reserve ID: 44134
    Date Established: September 23, 1985
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 14 (Interstate: No)
    OTS Docket #: 14773
    FDIC's unique #: 32917
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: September 23, 1985
    Last Structure Change Effective Date: June 01, 2010
    Last Structure Change Process Date: June 14, 2010
    Last Data Update: June 14, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 800 Shades Creek Parkway, Birmingham, AL 35209
    County: Jefferson
    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
    Metropolitan Statistical Area (MSA): Birmingham, AL (#1000)
    Combined Statistical Area (CSA): Birmingham-Hoover-Cullman, AL (#142)
    Core Based Statistical Area (CBSA): Birmingham-Hoover, AL (#13820)
    CBSA Metro Statistical Area: Birmingham-Hoover, AL (#13820)
  • Financial Summary
  • Total assets: $2,018.9 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, 2009)

  • Dollar figures in thousands
  • 437Total employees (full-time equivalent)
  • $1,985,416Total assets
  • $61,038Cash and due from depository institutions
  • $14,373Interest-bearing balances
  • $174,673Securities
  • $89,565Federal funds sold & reverse repurchase agreements
  • $1,565,742Net loans & leases
  • $35,583Loan loss allowance
  • $13,293Trading account assets
  • $16,559Bank premises and fixed assets
  • $15,749Other real estate owned
  • $428Goodwill and other intangibles
  • $0Life insurance assets
  • $48,369All other assets
  • $1,985,416Total liabilities and capital
  • $1,781,313Total liabilities
  • $1,734,167Total deposits
  • $1,484,776Interest-bearing deposits
  • $1,674,186Deposits held in domestic offices
  • 41.83%% insured (estimated)
  • $991Federal funds purchased & repurchase agreements
  • $13,473Trading liabilities
  • $20,000Other borrowed funds
  • $0Subordinated debt
  • $12,682All other liabilities
  • $204,103Total equity capital
  • $204,103Total bank equity capital
  • $204,103Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $88,224Undivided profits
  • Memoranda
  • $115,878Noncurrent loans and leases
  • $843,508Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $65,996Earning assets
  • $0Long-term assets (5+ years)
  • $5,290Average Assets, year-to-date
  • $1,844,353Average Assets, quarterly
  • $408,328Volatile liabilities
  • $2,090,290Insider loans
  • $2,019,046FHLB advances
  • $265,899Loans and leases held for sale
  • $150,539Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $963,054Tier 2 risk-based capital
  • $137,539Total risk weighted assets
  • $843,508Total unused commitments
  • $0Restructured Loans and leases
  • $22,093Derivatives
  • $6,056Total assets and liabilities in foreign offices

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $85,652Total interest income
  • $22,881Total interest expense
  • $62,771Net interest income
  • $32,390Provision for loan and lease losses
  • $48,522Total noninterest income
  • $995Fiduciary activities
  • $5,006Service charges on deposit accounts
  • $177Trading account gains & fees
  • $42,344Additional noninterest income
  • $65,783Total noninterest expense
  • $38,205Salaries and employee benefits
  • $5,450Premises and equipment expense
  • $22,128Additional noninterest expense
  • $13,120Pre-tax net operating income
  • $1,333Securities gains (losses)
  • $5,094Applicable income taxes
  • $9,359Income before extraordinary items
  • $0Extraordinary gains - net
  • $9,359Net income attributable to bank
  • $0Net charge-offs
  • $9,359Cash dividends
  • $30,028Sale, conversion, retirement of capital stock, net
  • $7,963Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.36%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 3.19%Net interest margin
  • 2.47%Noninterest income to earning assets
  • 3.34%Noninterest expense to earning assets
  • 0.41%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.69%Pretax return on assets
  • 4.50%Return on equity (ROE)
  • 0.67%Retained earnings to average equity (YTD only)
  • 1.72%Net charge-offs to loans
  • 107.87%Credit loss provision to net charge-offs
  • 1.52%Efficiency ratio
  • 59,108Assets per employee
  • 4.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 85.08%Loss allowance to loans
  • 2.22%Loss allowance to noncurrent loans
  • 53.92%Noncurrent assets plus other real estate owned to assets
  • 4.12%Noncurrent loans to loans
  • 4.12%Net loans and leases to deposits
  • 90.29%Net loans and leases to core deposits
  • 106.57%Equity capital to assets
  • 10.28%Core capital (leverage) ratio
  • 9.01%Tier 1 risk-based capital ratio
  • 11.35%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $2,090,290Average earning assets
  • $208,087Average equity
  • $1,966,681Average loans

Total Fiduciary and Related Assets (December 31, 2009)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $944,538Managed Assets
  • 1Number of Accounts
  • $944,538Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $944,538Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 338Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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