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

  • First Financial Bank in Bessemer, Alabama (AL)
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First Financial Bank - Overview

  • General
  • FDIC Certificate #: 19440
    Status: Active
    Federal Reserve ID: 292234
    Bank Holding Company (Regulatory Top Holder): Firstfed Bancorp, Inc. Employee Stock Ownership Plan (RSSDID: 3340556, Location: Bessemer, AL)
    Date Established: May 17, 1965
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Domestic: 9, Interstate: No)
    FDIC's unique #: 13241
    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: May 17, 1965
    Last Structure Change Effective Date: Febuary 24, 2011
    Last Structure Change Process Date: Febuary 24, 2011
    Last Data Update: Febuary 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1630 4th Avenue North, Bessemer, AL 35020
    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)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $208.9 mil
    Equity capital: $14.7 mil
    Deposits held in domestic offices: $166.7 mil
    Return on assets (ROA): -0.54% (-$1.1 mil)
    Quarterly return on assets: 0.38% ($0.8 mil)
    Return on Equity (ROE): -7.73% (-$1.2 mil)
    Quarterly return on equity: 5.32% ($0.8 mil)
    Net income: -$1.1 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: -0.42% (-$877.3 mil)
    Quarterly Pretax return on assets: 0.38% ($793.7 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
  • 78Total employees (full-time equivalent)
  • $208,872Total assets
  • $22,442Cash and due from depository institutions
  • $14,597Interest-bearing balances
  • $48,306Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $106,651Net loans & leases
  • $2,943Loan loss allowance
  • $0Trading account assets
  • $7,354Bank premises and fixed assets
  • $12,795Other real estate owned
  • $10Goodwill and other intangibles
  • $208,872Life insurance assets
  • $11,314All other assets
  • $194,175Total liabilities and capital
  • $166,701Total liabilities
  • $134,375Total deposits
  • $166,701Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $27,000Trading liabilities
  • $0Other borrowed funds
  • $474Subordinated debt
  • $14,697All other liabilities
  • $14,697Total equity capital
  • $14,697Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $11,036Surplus
  • $3,611Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $65Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,572Income earned, not collected on loans
  • $0Earning assets
  • $979Long-term assets (5+ years)
  • $169,554Average Assets, year-to-date
  • $86,015Average Assets, quarterly
  • $205,896Volatile liabilities
  • $207,374Insider loans
  • $129,153FHLB advances
  • $209,105Loans and leases held for sale
  • $6,780Unused loan commitments
  • $6,780Tier 1 (core) risk-based capital
  • $14,204Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,192Restructured Loans and leases
  • $1,212Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,164Total interest income
  • $2,796Total interest expense
  • $5,368Net interest income
  • $1,383Provision for loan and lease losses
  • $2,367Total noninterest income
  • $0Fiduciary activities
  • $2,109Service charges on deposit accounts
  • $0Trading account gains & fees
  • $258Additional noninterest income
  • $8,262Total noninterest expense
  • $3,965Salaries and employee benefits
  • $887Premises and equipment expense
  • $3,410Additional noninterest expense
  • -$1,910Pre-tax net operating income
  • $1,039Securities gains (losses)
  • $243Applicable income taxes
  • -$1,114Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,114Net income attributable to bank
  • $0Net charge-offs
  • -$1,114Cash dividends
  • $1,731Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.92%Yield on earning assets
  • 1.68%Cost of funding earning assets
  • 3.23%Net interest margin
  • 1.43%Noninterest income to earning assets
  • 4.98%Noninterest expense to earning assets
  • -1.05%Net operating income to assets
  • -0.54%Return on assets (ROA)
  • -0.42%Pretax return on assets
  • -7.73%Return on equity (ROE)
  • -7.73%Retained earnings to average equity (YTD only)
  • 1.51%Net charge-offs to loans
  • 79.90%Credit loss provision to net charge-offs
  • -0.30%Efficiency ratio
  • 106,813Assets per employee
  • 2.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.69%Loss allowance to noncurrent loans
  • 82.39%Noncurrent assets plus other real estate owned to assets
  • 7.84%Noncurrent loans to loans
  • 3.26%Net loans and leases to deposits
  • 63.98%Net loans and leases to core deposits
  • 67.99%Equity capital to assets
  • 7.04%Core capital (leverage) ratio
  • 6.79%Tier 1 risk-based capital ratio
  • 11.00%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $205,896Average earning assets
  • $14,411Average equity
  • $165,955Average loans

List of branches

  • 9 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013241First Financial Bank1630 4th Avenue North, Bessemer, AL 35020May 17, 1965Full Service Brick and Mortar
    1248333Centreville Branch119 Birmingham Rd, Centreville, AL 35042May 17, 1976Full Service Brick and Mortar
    2248334Woodstock Branch28802 Highway 5, Woodstock, AL 35188August 19, 1985Full Service Brick and Mortar
    342632West Blocton Branch1212 Main Street, West Blocton, AL 35184November 23, 1936Full Service Brick and Mortar
    4277213Hueytown Branch1243 Hueytown Rd, Hueytown, AL 35023November 23, 1936Full Service Brick and Mortar
    5277214Pelham Branch3304 Pelham Parkway, Pelham, AL 35124November 23, 1936Full Service Brick and Mortar
    6277215Hoover Branch1604 Montgomery Highway, Hoover, AL 35216November 03, 1992Full Service Brick and Mortar
    7277216Vance Branch18704 Highway 11 North, Vance, AL 35490July 01, 1997Full Service Brick and Mortar
    9451774Mccalla Branch4790 Eastern Valley Road, Mc Calla, AL 35111May 01, 2006Full Service Brick and Mortar

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