First Federal Savings and Loan Association of Russell County, FA in Phenix City, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 23, 1993

  • First Federal Savings and Loan Association of Russell County, FA in Phenix City, Alabama (AL)
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First Federal Savings and Loan Association of Russell County, FA - Overview

  • General
  • FDIC Certificate #: 33634
    Status: Inactive
    Closing history: Conservatorship Institution Resolved
    Acquiring institution: Colonial Bank (#9609)
    Federal Reserve ID: 310576
    Date Established: July 24, 1992
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 10210
    FDIC's unique #: 47701
    Numeric code: 38
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: July 24, 1992
    Last Structure Change Effective Date: July 23, 1993
    Last Structure Change Process Date: August 03, 1993
    Last Data Update: August 02, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 1201 Broad Street, Phenix City, AL 36867
    County: Russell
    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
    Metropolitan Statistical Area (MSA): Columbus, GA-AL (#1800)
    Combined Statistical Area (CSA): Columbus-Auburn-Opelika, GA-AL (#194)
    Core Based Statistical Area (CBSA): Columbus, GA-AL (#17980)
    CBSA Metro Statistical Area: Columbus, GA-AL (#17980)
  • History of Changes
  • Pass Through Receivership Merger
    Office Sold
    Conservatorship Institution Resolved
  • Financial Summary
  • Total assets: $66.3 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $44Total assets
  • $70,662Cash and due from depository institutions
  • $1,839Interest-bearing balances
  • $980Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $60,593Loan loss allowance
  • $2,807Trading account assets
  • $0Bank premises and fixed assets
  • $1,184Other real estate owned
  • $6,003Goodwill and other intangibles
  • $1,043Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $70,662Total liabilities
  • $71,012Total deposits
  • $66,449Interest-bearing deposits
  • $65,635Deposits held in domestic offices
  • 66449.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $4,000Subordinated debt
  • $0All other liabilities
  • $563Total equity capital
  • $563Total bank equity capital
  • $-350Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-350Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,782Income earned, not collected on loans
  • $639Earning assets
  • $61,573Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $76,443Average Assets, quarterly
  • $76,443Volatile liabilities
  • $5,157Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,387Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-350Total risk weighted assets
  • $52,509Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,043Total interest expense
  • $1,779Net interest income
  • $1,264Provision for loan and lease losses
  • $358Total noninterest income
  • $264Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $264Total noninterest expense
  • $2,904Salaries and employee benefits
  • $664Premises and equipment expense
  • $378Additional noninterest expense
  • $1,862Pre-tax net operating income
  • -$1,734Securities gains (losses)
  • $47Applicable income taxes
  • -$45Income before extraordinary items
  • -$1,642Extraordinary gains - net
  • $0Net income attributable to bank
  • -$1,642Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 4.60%Cost of funding earning assets
  • 2.69%Net interest margin
  • 1.91%Noninterest income to earning assets
  • 0.40%Noninterest expense to earning assets
  • 4.39%Net operating income to assets
  • -2.21%Return on assets (ROA)
  • -2.15%Pretax return on assets
  • -2.21%Return on equity (ROE)
  • 715.47%Retained earnings to average equity (YTD only)
  • 715.47%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 190,052Assets per employee
  • 1.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.43%Loss allowance to noncurrent loans
  • 100.90%Noncurrent assets plus other real estate owned to assets
  • 12.43%Noncurrent loans to loans
  • 4.39%Net loans and leases to deposits
  • 91.19%Net loans and leases to core deposits
  • 92.80%Equity capital to assets
  • -0.50%Core capital (leverage) ratio
  • -0.50%Tier 1 risk-based capital ratio
  • -0.67%Total risk-based capital ratio
  • Memoranda
  • -$1Average assets
  • $76,443Average earning assets
  • -$230Average equity
  • $66,096Average loans

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