First Community Bank in Chatom, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Community Bank - Overview

  • General
  • FDIC Certificate #: 14720
    Status: Active
    Federal Reserve ID: 186838
    Bank Holding Company (Regulatory Top Holder): Southwest Bancshares, Inc. (RSSDID: 1132403, Location: Chatom, AL)
    Date Established: July 08, 1909
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    OTS Docket #: 13794
    FDIC's unique #: 9209
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 34 Court St, Chatom, AL 36518
    County: Washington
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Pensacola
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $322.1 mil
    Equity capital: $30.5 mil
    Deposits held in domestic offices: $279.7 mil
    Return on assets (ROA): -0.20% (-$0.6 mil)
    Quarterly return on assets: 0.65% ($2.1 mil)
    Return on Equity (ROE): -2.17% (-$0.7 mil)
    Quarterly return on equity: 6.92% ($2.1 mil)
    Net income: -$0.6 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: -0.24% (-$773.1 mil)
    Quarterly Pretax return on assets: 0.64% ($2,061.7 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
  • 91Total employees (full-time equivalent)
  • $322,145Total assets
  • $8,381Cash and due from depository institutions
  • $932Interest-bearing balances
  • $63,214Securities
  • $15,094Federal funds sold & reverse repurchase agreements
  • $214,862Net loans & leases
  • $3,058Loan loss allowance
  • $0Trading account assets
  • $7,388Bank premises and fixed assets
  • $3,836Other real estate owned
  • $0Goodwill and other intangibles
  • $322,145Life insurance assets
  • $9,370All other assets
  • $291,602Total liabilities and capital
  • $279,746Total liabilities
  • $237,623Total deposits
  • $279,746Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $1,856Subordinated debt
  • $30,543All other liabilities
  • $30,543Total equity capital
  • $30,543Total bank equity capital
  • $0Perpetual preferred stock
  • $8Common stock
  • $11,000Surplus
  • $19,535Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,708Income earned, not collected on loans
  • $0Earning assets
  • $1,272Long-term assets (5+ years)
  • $294,102Average Assets, year-to-date
  • $84,992Average Assets, quarterly
  • $321,349Volatile liabilities
  • $323,442Insider loans
  • $229,919FHLB advances
  • $320,787Loans and leases held for sale
  • $5,341Unused loan commitments
  • $5,341Tier 1 (core) risk-based capital
  • $29,395Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,328Restructured Loans and leases
  • $1,169Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,824Total interest income
  • $3,056Total interest expense
  • $12,768Net interest income
  • $3,776Provision for loan and lease losses
  • -$16Total noninterest income
  • $0Fiduciary activities
  • $982Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$998Additional noninterest income
  • $9,970Total noninterest expense
  • $4,857Salaries and employee benefits
  • $1,507Premises and equipment expense
  • $3,606Additional noninterest expense
  • -$994Pre-tax net operating income
  • $220Securities gains (losses)
  • -$125Applicable income taxes
  • -$649Income before extraordinary items
  • $0Extraordinary gains - net
  • -$649Net income attributable to bank
  • $0Net charge-offs
  • -$649Cash dividends
  • $3,666Sale, conversion, retirement of capital stock, net
  • $193Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.41%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 4.37%Net interest margin
  • -0.01%Noninterest income to earning assets
  • 3.41%Noninterest expense to earning assets
  • -0.26%Net operating income to assets
  • -0.20%Return on assets (ROA)
  • -0.24%Pretax return on assets
  • -2.17%Return on equity (ROE)
  • -2.82%Retained earnings to average equity (YTD only)
  • 1.61%Net charge-offs to loans
  • 103.00%Credit loss provision to net charge-offs
  • 0.76%Efficiency ratio
  • 78,121Assets per employee
  • 3.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -29.74%Loss allowance to loans
  • 1.40%Loss allowance to noncurrent loans
  • 53.57%Noncurrent assets plus other real estate owned to assets
  • 2.96%Noncurrent loans to loans
  • 2.62%Net loans and leases to deposits
  • 76.81%Net loans and leases to core deposits
  • 80.43%Equity capital to assets
  • 9.48%Core capital (leverage) ratio
  • 9.16%Tier 1 risk-based capital ratio
  • 12.78%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $321,349Average earning assets
  • $29,901Average equity
  • $292,506Average loans

List of branches

  • 10 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09209First Community Bank34 Court St, Chatom, AL 36518July 08, 1909Full Service Brick and Mortar
    1232048Millry Branch30122 Hwy 17 South, Millry, AL 36558August 20, 1974Full Service Brick and Mortar
    2194380Military Road Branch18930 U S Hwy 43, Mount Vernon, AL 36560August 27, 1973Full Service Brick and Mortar
    3249062Citronelle Branch19495 North Third Street, Citronelle, AL 36522November 02, 1972Full Service Brick and Mortar
    4232049Saraland Branch1063 Industrial Parkway, Saraland, AL 36571November 22, 1996Full Service Brick and Mortar
    5232050Zeigler Corners Branch720 Schillinger Road North, Mobile, AL 36608June 30, 1998Full Service Brick and Mortar
    6359721Cottage Hill Road Branch5229 Cottage Hill Road, Mobile, AL 36609Febuary 12, 2001Full Service Brick and Mortar
    7451775Spanish Fort Branch10021 Hwy 31, Spanish Fort, AL 36527June 02, 2006Full Service Brick and Mortar
    8452401Montlimar Branch1110 Montlimar Drive Suite 500, Mobile, AL 36609May 30, 2006Full Service Brick and Mortar
    10480339Daphne Branch27555 Us Highway 98, Daphne, AL 36526August 11, 2008Full Service Brick and Mortar

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