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
Corrections
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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