First Lowndes Bank in Fort Deposit, Alabama (AL)



Show street view No street view available for this location
Table of contents:
First Lowndes Bank
GeneralFDIC Certificate #: 24957
Status: Inactive
Closing history: Corrections
Acquiring institution: First Citizens Bank (#23152)
Federal Reserve ID: 314033
Date Established: Febuary 09, 1984
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 17289
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: Febuary 09, 1984
Last Structure Change Effective Date: March 19, 2010
Last Structure Change Process Date: March 22, 2010
Last Data Update: March 22, 2010
Data Source Date: April 05, 2012
LocationAddress: 115 West Old Fort Road, Fort Deposit, AL 36032
County: Lowndes
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
Combined Statistical Area (CSA): Montgomery-Alexander City, AL (#388)
Core Based Statistical Area (CBSA): Montgomery, AL (#33860)
CBSA Metro Statistical Area: Montgomery, AL (#33860)
History of ChangesAbsorption - Assisted
Corrections
Financial SummaryTotal assets: $137.2 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)
Total employees (full-time equivalent)50
Total assets$137,175
Cash and due from depository institutions$8,427
Interest-bearing balances$1,510
Securities$17,859
Federal funds sold & reverse repurchase agreements$3,850
Net loans & leases$98,601
Loan loss allowance $4,053
Trading account assets$0
Bank premises and fixed assets$4,096
Other real estate owned$1,935
Goodwill and other intangibles$0
All other assets$2,407
Life insurance assets$0
Total liabilities and capital$137,175
Total liabilities$134,351
Total deposits$131,117
Interest-bearing deposits$114,201
Deposits held in domestic offices$131,117
% insured (estimated)95.84%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $2,816
Subordinated debt $0
All other liabilities $418
Total equity capital$2,824
Total bank equity capital$2,824
Perpetual preferred stock$2,824
Common stock$0
Surplus$150
Undivided profits $4,917
Memoranda
Noncurrent loans and leases $-2,243
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $6,325
Income earned, not collected on loans $0
Earning assets $8,642
Long-term assets (5+ years) $0
Average Assets, year-to-date $822
Average Assets, quarterly $121,820
Volatile liabilities $13,631
Insider loans $150,291
FHLB advances $140,076
Loans and leases held for sale $40,472
Unused loan commitments $1,854
Tier 1 (core) risk-based capital $2,816
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $6,325
Restructured Loans and leases $1,850
Derivatives$1,331
Back to page top, Back to table top

Income and Expense (December 31, 2009)
(Dollar figures in thousands)
Total interest income $7,800
Total interest expense $3,830
Net interest income $3,970
Provision for loan and lease losses $8,600
Total noninterest income $680
Fiduciary activities $0
Service charges on deposit accounts $589
Trading account gains & fees $0
Additional noninterest income $91
Total noninterest expense $4,321
Salaries and employee benefits $2,334
Premises and equipment expense $595
Additional noninterest expense $1,392
Pre-tax net operating income -$8,271
Securities gains (losses) $0
Applicable income taxes -$19
Income before extraordinary items -$8,252
Extraordinary gains - net $0
Net income attributable to bank -$8,252
Net charge-offs $0
Cash dividends -$8,252
Sale, conversion, retirement of capital stock, net $7,908
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2009)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.75%
Cost of funding earning assets 2.82%
Net interest margin 2.93%
Noninterest income to earning assets 0.50%
Noninterest expense to earning assets 3.19%
Net operating income to assets -5.49%
Return on assets (ROA) -5.49%
Pretax return on assets -5.50%
Return on equity (ROE) -103.19%
Retained earnings to average equity (YTD only) -103.19%
Net charge-offs to loans 7.04%
Credit loss provision to net charge-offs 108.75%
Efficiency ratio0.04%
Assets per employee$92,925
Cash dividends to net income (YTD only)2.74%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.95%
Noncurrent assets plus other real estate owned to assets 46.90%
Noncurrent loans to loans 7.71%
Net loans and leases to deposits8.42%
Net loans and leases to core deposits 75.20%
Equity capital to assets 108.78%
Core capital (leverage) ratio 2.06%
Tier 1 risk-based capital ratio 1.98%
Total risk-based capital ratio 2.67%
Memoranda
Average assets$4
Average earning assets$150,291
Average equity $7,997
Average loans $135,651
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Lowndes Bank.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.