First Financial Bank in Bessemer, Alabama (AL)



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First Financial Bank
GeneralFDIC 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
WWW: http://www.ffbalabama.com
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
LocationAddress: 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 ChangesChange in Geographic Region/Area/Territory/Field Office
Financial SummaryTotal 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)
Total employees (full-time equivalent)78
Total assets$208,872
Cash and due from depository institutions$22,442
Interest-bearing balances$14,597
Securities$48,306
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$106,651
Loan loss allowance $2,943
Trading account assets$0
Bank premises and fixed assets$7,354
Other real estate owned$12,795
Goodwill and other intangibles$10
All other assets$11,314
Life insurance assets$208,872
Total liabilities and capital$194,175
Total liabilities$166,701
Total deposits$134,375
Interest-bearing deposits$166,701
Deposits held in domestic offices$89
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$27,000
Other borrowed funds $0
Subordinated debt $474
All other liabilities $14,697
Total equity capital$14,697
Total bank equity capital$14,697
Perpetual preferred stock$0
Common stock$50
Surplus$11,036
Undivided profits $3,611
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $65
Income earned, not collected on loans $3,572
Earning assets $0
Long-term assets (5+ years) $979
Average Assets, year-to-date $169,554
Average Assets, quarterly $86,015
Volatile liabilities $205,896
Insider loans $207,374
FHLB advances $129,153
Loans and leases held for sale $209,105
Unused loan commitments $6,780
Tier 1 (core) risk-based capital $6,780
Tier 2 risk-based capital $14,204
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $13,192
Derivatives$1,212
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,164
Total interest expense $2,796
Net interest income $5,368
Provision for loan and lease losses $1,383
Total noninterest income $2,367
Fiduciary activities $0
Service charges on deposit accounts $2,109
Trading account gains & fees $0
Additional noninterest income $258
Total noninterest expense $8,262
Salaries and employee benefits $3,965
Premises and equipment expense $887
Additional noninterest expense $3,410
Pre-tax net operating income -$1,910
Securities gains (losses) $1,039
Applicable income taxes $243
Income before extraordinary items -$1,114
Extraordinary gains - net $0
Net income attributable to bank -$1,114
Net charge-offs $0
Cash dividends -$1,114
Sale, conversion, retirement of capital stock, net $1,731
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.92%
Cost of funding earning assets 1.68%
Net interest margin 3.23%
Noninterest income to earning assets 1.43%
Noninterest expense to earning assets 4.98%
Net operating income to assets -1.05%
Return on assets (ROA) -0.54%
Pretax return on assets -0.42%
Return on equity (ROE) -7.73%
Retained earnings to average equity (YTD only) -7.73%
Net charge-offs to loans 1.51%
Credit loss provision to net charge-offs 79.90%
Efficiency ratio-0.30%
Assets per employee$106,813
Cash dividends to net income (YTD only)2.68%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.69%
Noncurrent assets plus other real estate owned to assets 82.39%
Noncurrent loans to loans 7.84%
Net loans and leases to deposits3.26%
Net loans and leases to core deposits 63.98%
Equity capital to assets 67.99%
Core capital (leverage) ratio 7.04%
Tier 1 risk-based capital ratio 6.79%
Total risk-based capital ratio 11.00%
Memoranda
Average assets$12
Average earning assets$205,896
Average equity $14,411
Average loans $165,955
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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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