First United Security Bank in Thomasville, Alabama (AL)

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First United Security Bank
GeneralFDIC Certificate #: 17077
Status: Active
Federal Reserve ID: 259330
Bank Holding Company (Regulatory Top Holder): United Security Bancshares, Inc. (RSSDID: 1086168, Location: Thomasville, AL)
Date Established: January 21, 1952
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 19 (Domestic: 19, Interstate: No)
OTS Docket #: 10112
FDIC's unique #: 11132
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: January 21, 1952
Last Structure Change Effective Date: December 01, 2008
Last Structure Change Process Date: January 12, 2012
Last Data Update: January 12, 2012
Data Source Date: April 05, 2012
LocationAddress: 131 West Front Street, Thomasville, AL 36784
County: Clarke
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
Financial SummaryTotal assets: $624.2 mil
Equity capital: $68.8 mil
Deposits held in domestic offices: $527.4 mil
Return on assets (ROA): -0.84% (-$5.2 mil)
Quarterly return on assets: -3.84% (-$24.0 mil)
Return on Equity (ROE): -7.08% (-$4.9 mil)
Quarterly return on equity: -33.33% (-$23.0 mil)
Net income: -$5.3 mil
Quarterly Net income: -$6.1 mil
Pretax return on assets: -1.54% (-$9,613.2 mil)
Quarterly Pretax return on assets: -6.38% (-$39,825.9 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)308
Total assets$624,231
Cash and due from depository institutions$52,797
Interest-bearing balances$43,306
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$383,471
Loan loss allowance $19,880
Trading account assets$0
Bank premises and fixed assets$9,049
Other real estate owned$18,358
Goodwill and other intangibles$0
All other assets$37,216
Life insurance assets$624,231
Total liabilities and capital$555,408
Total liabilities$527,364
Total deposits$467,954
Interest-bearing deposits$527,364
Deposits held in domestic offices$86
% insured (estimated)356.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$20,000
Other borrowed funds $0
Subordinated debt $7,688
All other liabilities $68,823
Total equity capital$68,835
Total bank equity capital$68,835
Perpetual preferred stock$0
Common stock$25
Undivided profits $59,994
Noncurrent loans and leases $-12
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $18,834
Earning assets $0
Long-term assets (5+ years) $3,958
Average Assets, year-to-date $550,117
Average Assets, quarterly $130,930
Volatile liabilities $630,431
Insider loans $630,937
FHLB advances $431,076
Loans and leases held for sale $626,842
Unused loan commitments $12,922
Tier 1 (core) risk-based capital $6,474
Tier 2 risk-based capital $61,738
Total risk weighted assets $0
Total unused commitments $6,448
Restructured Loans and leases $45,736
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $42,342
Total interest expense $7,019
Net interest income $35,323
Provision for loan and lease losses $16,416
Total noninterest income -$559
Fiduciary activities $0
Service charges on deposit accounts $2,888
Trading account gains & fees $0
Additional noninterest income -$3,447
Total noninterest expense $30,514
Salaries and employee benefits $14,466
Premises and equipment expense $3,204
Additional noninterest expense $12,844
Pre-tax net operating income -$12,166
Securities gains (losses) $2,471
Applicable income taxes -$4,410
Income before extraordinary items -$5,285
Extraordinary gains - net $0
Net income attributable to bank -$5,284
Net charge-offs -$1
Cash dividends -$5,285
Sale, conversion, retirement of capital stock, net $17,472
Net operating income $391
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.75%
Cost of funding earning assets 1.29%
Net interest margin 6.47%
Noninterest income to earning assets -0.10%
Noninterest expense to earning assets 5.59%
Net operating income to assets -1.09%
Return on assets (ROA) -0.84%
Pretax return on assets -1.54%
Return on equity (ROE) -7.08%
Retained earnings to average equity (YTD only) -7.61%
Net charge-offs to loans 4.32%
Credit loss provision to net charge-offs 93.96%
Efficiency ratio0.24%
Assets per employee$78,826
Cash dividends to net income (YTD only)2.03%
Condition Ratios (%)
Loss allowance to loans -7.40%
Loss allowance to noncurrent loans 4.93%
Noncurrent assets plus other real estate owned to assets 105.55%
Noncurrent loans to loans 5.96%
Net loans and leases to deposits4.67%
Net loans and leases to core deposits 72.71%
Equity capital to assets 81.83%
Core capital (leverage) ratio 11.03%
Tier 1 risk-based capital ratio 9.85%
Total risk-based capital ratio 14.32%
Average assets$16
Average earning assets$630,431
Average equity $74,584
Average loans $546,117
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19 Alabama Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
011132First United Security Bank131 West Front Street, Thomasville, AL 36784January 21, 1952Full Service Brick and Mortar
1240379Fulton Branch1910 Alabama Highway 178, Fulton, AL 36446April 17, 1975Full Service Brick and Mortar
2240380Coffeeville Branch688 Highway 84, Coffeeville, AL 36524May 22, 1975Full Service Brick and Mortar
315333Highway 43 Branch32451 Highway 43, Thomasville, AL 36784August 01, 1975Full Service Brick and Mortar
512979Butler Branch305 South Mulberry Street, Butler, AL 36904June 22, 1964Full Service Brick and Mortar
6247433South Choctaw Branch43 Melvin Road, Gilbertown, AL 36908March 01, 1974Full Service Brick and Mortar
810884Brent Branch2334 Main Street, Brent, AL 35034January 02, 1912Full Service Brick and Mortar
93820131 Main Street Branch131 Main Street, Grove Hill, AL 36451January 01, 1910Full Service Brick and Mortar
109725Jackson Branch208 Commerce Street, Jackson, AL 36545August 01, 1936Full Service Brick and Mortar
11233898Thomasville Branch33445 Highway 43, Thomasville, AL 36784January 03, 1984Full Service Brick and Mortar
12207886North College Avenue Branch2101 College Ave,, Jackson, AL 36545March 16, 1992Full Service Brick and Mortar
1310883Centreville Branch135 Belcher Street, Centreville, AL 35042June 01, 1914Full Service Brick and Mortar
14238747North Bibb Branch20041 Highway 11, Woodstock, AL 35188April 22, 1974Full Service Brick and Mortar
15240383Cobb Street Branch102 Cobb Street, Grove Hill, AL 36451April 06, 1998Limited Service Facility
16240384Bucksville Community Branch22170 Alabama Highway 216, Mccalla, AL 35111April 05, 1999Full Service Brick and Mortar
17240385Harpersville Branch52 Wheat Street, Harpersville, AL 35078July 01, 1998Full Service Brick and Mortar
20365469Calera Branch4720 Highway 31, Calera, AL 35040July 23, 2002Full Service Brick and Mortar
21429298Tuscaloosa8710 Highway 69 S., Tuscaloosa, AL 35405July 09, 2003Full Service Brick and Mortar
22453310Columbiana Branch225 West College Street, Columbiana, AL 35051March 06, 2006Full Service Brick and Mortar
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