First Partners Bank in Vestavia Hills, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Partners Bank in Vestavia Hills, Alabama (AL)
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First Partners Bank - Overview

  • General
  • FDIC Certificate #: 58703
    Status: Active
    Federal Reserve ID: 3642308
    Date Established: October 15, 2007
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 463207
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 15, 2007
    Last Structure Change Effective Date: March 26, 2012
    Last Structure Change Process Date: March 27, 2012
    Last Data Update: March 27, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 1360 Montgomery Highway, Suite 100, Vestavia Hills, AL 35216
    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
  • Name Change
  • Financial Summary
  • Total assets: $159.8 mil
    Equity capital: $22.0 mil
    Deposits held in domestic offices: $129.7 mil
    Return on assets (ROA): 1.33% ($2.1 mil)
    Quarterly return on assets: 0.95% ($1.5 mil)
    Return on Equity (ROE): 12.46% ($2.7 mil)
    Quarterly return on equity: 7.29% ($1.6 mil)
    Net income: $2.1 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.38% ($2,204.6 mil)
    Quarterly Pretax return on assets: 1.13% ($1,805.2 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
  • 21Total employees (full-time equivalent)
  • $159,754Total assets
  • $12,549Cash and due from depository institutions
  • $6,594Interest-bearing balances
  • $22,703Securities
  • $5,235Federal funds sold & reverse repurchase agreements
  • $115,130Net loans & leases
  • $2,052Loan loss allowance
  • $0Trading account assets
  • $319Bank premises and fixed assets
  • $923Other real estate owned
  • $0Goodwill and other intangibles
  • $159,754Life insurance assets
  • $2,895All other assets
  • $137,726Total liabilities and capital
  • $129,672Total liabilities
  • $105,331Total deposits
  • $129,672Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,500Trading liabilities
  • $0Other borrowed funds
  • $554Subordinated debt
  • $22,028All other liabilities
  • $22,028Total equity capital
  • $22,028Total bank equity capital
  • $5,200Perpetual preferred stock
  • $1,518Common stock
  • $14,668Surplus
  • $642Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,564Income earned, not collected on loans
  • $0Earning assets
  • $660Long-term assets (5+ years)
  • $149,662Average Assets, year-to-date
  • $33,203Average Assets, quarterly
  • $154,490Volatile liabilities
  • $163,650Insider loans
  • $126,537FHLB advances
  • $162,257Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $21,626Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,639Restructured Loans and leases
  • $6,788Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,500Total interest income
  • $1,253Total interest expense
  • $6,247Net interest income
  • $989Provision for loan and lease losses
  • $1,089Total noninterest income
  • $70Fiduciary activities
  • $45Service charges on deposit accounts
  • $0Trading account gains & fees
  • $974Additional noninterest income
  • $4,214Total noninterest expense
  • $2,360Salaries and employee benefits
  • $343Premises and equipment expense
  • $1,511Additional noninterest expense
  • $2,133Pre-tax net operating income
  • $3Securities gains (losses)
  • $77Applicable income taxes
  • $2,059Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,059Net income attributable to bank
  • $0Net charge-offs
  • $2,059Cash dividends
  • $456Sale, conversion, retirement of capital stock, net
  • $24Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.17%Yield on earning assets
  • 0.86%Cost of funding earning assets
  • 4.31%Net interest margin
  • 0.75%Noninterest income to earning assets
  • 2.90%Noninterest expense to earning assets
  • 1.33%Net operating income to assets
  • 1.33%Return on assets (ROA)
  • 1.38%Pretax return on assets
  • 12.46%Return on equity (ROE)
  • 12.32%Retained earnings to average equity (YTD only)
  • 0.40%Net charge-offs to loans
  • 216.89%Credit loss provision to net charge-offs
  • 6.85%Efficiency ratio
  • 57,443Assets per employee
  • 7.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 1.17%Loss allowance to loans
  • 1.75%Loss allowance to noncurrent loans
  • 131.20%Noncurrent assets plus other real estate owned to assets
  • 1.56%Noncurrent loans to loans
  • 1.33%Net loans and leases to deposits
  • 88.79%Net loans and leases to core deposits
  • 93.31%Equity capital to assets
  • 13.79%Core capital (leverage) ratio
  • 13.33%Tier 1 risk-based capital ratio
  • 17.09%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $154,490Average earning assets
  • $16,522Average equity
  • $145,066Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $32,543Managed Assets
  • 1Number of Accounts
  • $6,619Personal trust and agency accounts
  • $6,578Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $41Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 31Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $25,924Other retirement accounts
  • $7,750Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $2,276Fiduciary accounts held in foreign offices

List of branches

  • 1 Alabama Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0463207First Partners Bank1360 Montgomery Highway, Suite 100, Vestavia Hills, AL 35216October 15, 2007Full Service Brick and Mortar

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