FirstState Bank in Lineville, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • FirstState Bank in Lineville, Alabama (AL)
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FirstState Bank - Overview

  • General
  • FDIC Certificate #: 20468
    Status: Active
    Federal Reserve ID: 540739
    Bank Holding Company (Regulatory Top Holder): First State Capital Corporation (RSSDID: 1132980, Location: Lineville, AL)
    Date Established: August 24, 1971
    WWW: http://www.firststatedirect.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 12638
    FDIC's unique #: 14114
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: August 24, 1971
    Last Structure Change Effective Date: Febuary 24, 2011
    Last Structure Change Process Date: Febuary 24, 2011
    Last Data Update: Febuary 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 88730 Highway 9, Lineville, AL 36266
    County: Clay
    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
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $198.7 mil
    Equity capital: $17.1 mil
    Deposits held in domestic offices: $154.8 mil
    Return on assets (ROA): 0.98% ($2.0 mil)
    Quarterly return on assets: 0.80% ($1.6 mil)
    Return on Equity (ROE): 12.68% ($2.2 mil)
    Quarterly return on equity: 9.28% ($1.6 mil)
    Net income: $1.9 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.29% ($2,563.0 mil)
    Quarterly Pretax return on assets: 1.02% ($2,026.5 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
  • 48Total employees (full-time equivalent)
  • $198,681Total assets
  • $8,769Cash and due from depository institutions
  • $5,753Interest-bearing balances
  • $79,273Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $98,840Net loans & leases
  • $1,311Loan loss allowance
  • $0Trading account assets
  • $5,048Bank premises and fixed assets
  • $332Other real estate owned
  • $0Goodwill and other intangibles
  • $198,681Life insurance assets
  • $6,419All other assets
  • $181,595Total liabilities and capital
  • $154,786Total liabilities
  • $137,517Total deposits
  • $154,786Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $25,000Trading liabilities
  • $0Other borrowed funds
  • $1,809Subordinated debt
  • $17,086All other liabilities
  • $17,086Total equity capital
  • $17,086Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $600Surplus
  • $16,386Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,436Income earned, not collected on loans
  • $0Earning assets
  • $1,542Long-term assets (5+ years)
  • $183,866Average Assets, year-to-date
  • $84,225Average Assets, quarterly
  • $192,970Volatile liabilities
  • $198,221Insider loans
  • $128,313FHLB advances
  • $196,234Loans and leases held for sale
  • $2,184Unused loan commitments
  • $34Tier 1 (core) risk-based capital
  • $15,857Tier 2 risk-based capital
  • $2,150Total risk weighted assets
  • $0Total unused commitments
  • $10,846Restructured Loans and leases
  • $495Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,647Total interest income
  • $3,214Total interest expense
  • $7,433Net interest income
  • $870Provision for loan and lease losses
  • $1,166Total noninterest income
  • $0Fiduciary activities
  • $652Service charges on deposit accounts
  • $0Trading account gains & fees
  • $514Additional noninterest income
  • $5,639Total noninterest expense
  • $3,245Salaries and employee benefits
  • $656Premises and equipment expense
  • $1,738Additional noninterest expense
  • $2,090Pre-tax net operating income
  • $394Securities gains (losses)
  • $593Applicable income taxes
  • $1,891Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,891Net income attributable to bank
  • $0Net charge-offs
  • $1,891Cash dividends
  • $1,151Sale, conversion, retirement of capital stock, net
  • $600Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.02%Yield on earning assets
  • 1.82%Cost of funding earning assets
  • 4.20%Net interest margin
  • 0.66%Noninterest income to earning assets
  • 3.19%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.98%Return on assets (ROA)
  • 1.29%Pretax return on assets
  • 12.68%Return on equity (ROE)
  • 8.66%Retained earnings to average equity (YTD only)
  • 1.19%Net charge-offs to loans
  • 75.59%Credit loss provision to net charge-offs
  • 2.57%Efficiency ratio
  • 65,577Assets per employee
  • 4.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 31.73%Loss allowance to loans
  • 1.31%Loss allowance to noncurrent loans
  • 53.82%Noncurrent assets plus other real estate owned to assets
  • 1.39%Noncurrent loans to loans
  • 2.43%Net loans and leases to deposits
  • 63.86%Net loans and leases to core deposits
  • 70.92%Equity capital to assets
  • 8.60%Core capital (leverage) ratio
  • 8.08%Tier 1 risk-based capital ratio
  • 12.36%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $192,970Average earning assets
  • $14,915Average equity
  • $176,958Average loans

List of branches

  • 3 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014114Firststate Bank88730 Highway 9, Lineville, AL 36266August 24, 1971Full Service Brick and Mortar
    1251106Ashland South BranchHighways 9 And 77, Ashland, AL 36251August 24, 1987Full Service Brick and Mortar
    2422565Lake Wedowee Office105 Main Street South, Wedowee, AL 36278March 10, 2003Full Service Brick and Mortar

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