First Lowndes Bank in Fort Deposit, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 19, 2010

  • First Lowndes Bank in Fort Deposit, Alabama (AL)
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First Lowndes Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Absorption - Assisted
  • Financial Summary
  • Total 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
  • 50Total employees (full-time equivalent)
  • $137,175Total assets
  • $8,427Cash and due from depository institutions
  • $1,510Interest-bearing balances
  • $17,859Securities
  • $3,850Federal funds sold & reverse repurchase agreements
  • $98,601Net loans & leases
  • $4,053Loan loss allowance
  • $0Trading account assets
  • $4,096Bank premises and fixed assets
  • $1,935Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,407All other assets
  • $137,175Total liabilities and capital
  • $134,351Total liabilities
  • $131,117Total deposits
  • $114,201Interest-bearing deposits
  • $131,117Deposits held in domestic offices
  • 95.84%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $2,816Other borrowed funds
  • $0Subordinated debt
  • $418All other liabilities
  • $2,824Total equity capital
  • $2,824Total bank equity capital
  • $2,824Perpetual preferred stock
  • $0Common stock
  • $150Surplus
  • $4,917Undivided profits
  • Memoranda
  • $-2,243Noncurrent loans and leases
  • $6,325Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $8,642Earning assets
  • $0Long-term assets (5+ years)
  • $822Average Assets, year-to-date
  • $121,820Average Assets, quarterly
  • $13,631Volatile liabilities
  • $150,291Insider loans
  • $140,076FHLB advances
  • $40,472Loans and leases held for sale
  • $1,854Unused loan commitments
  • $2,816Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,325Total unused commitments
  • $1,850Restructured Loans and leases
  • $1,331Derivatives

Income and Expense (December 31, 2009)

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

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.75%Yield on earning assets
  • 2.82%Cost of funding earning assets
  • 2.93%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 3.19%Noninterest expense to earning assets
  • -5.49%Net operating income to assets
  • -5.49%Return on assets (ROA)
  • -5.50%Pretax return on assets
  • -103.19%Return on equity (ROE)
  • -103.19%Retained earnings to average equity (YTD only)
  • 7.04%Net charge-offs to loans
  • 108.75%Credit loss provision to net charge-offs
  • 0.04%Efficiency ratio
  • 92,925Assets per employee
  • 2.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.95%Loss allowance to noncurrent loans
  • 46.90%Noncurrent assets plus other real estate owned to assets
  • 7.71%Noncurrent loans to loans
  • 8.42%Net loans and leases to deposits
  • 75.20%Net loans and leases to core deposits
  • 108.78%Equity capital to assets
  • 2.06%Core capital (leverage) ratio
  • 1.98%Tier 1 risk-based capital ratio
  • 2.67%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $150,291Average earning assets
  • $7,997Average equity
  • $135,651Average loans

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