Generations Bank in Centre, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Generations Bank - Overview

  • General
  • FDIC Certificate #: 58842
    Status: Active
    Federal Reserve ID: 3808832
    Bank Holding Company (Regulatory Top Holder): Altrust Financial Services, Inc. (RSSDID: 1136595, Location: Cullman, AL)
    Date Established: October 06, 2008
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 469910
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 06, 2008
    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: 1285 Chestnut Bypass, Centre, AL 35960
    County: Cherokee
    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: $64.1 mil
    Equity capital: $7.5 mil
    Deposits held in domestic offices: $56.4 mil
    Return on assets (ROA): 0.77% ($0.5 mil)
    Quarterly return on assets: 0.71% ($0.5 mil)
    Return on Equity (ROE): 6.73% ($0.5 mil)
    Quarterly return on equity: 6.15% ($0.4 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.82% ($525.8 mil)
    Quarterly Pretax return on assets: 0.72% ($461.6 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
  • 20Total employees (full-time equivalent)
  • $64,118Total assets
  • $1,319Cash and due from depository institutions
  • $7Interest-bearing balances
  • $5,458Securities
  • $7,683Federal funds sold & reverse repurchase agreements
  • $46,698Net loans & leases
  • $576Loan loss allowance
  • $0Trading account assets
  • $2,444Bank premises and fixed assets
  • $19Other real estate owned
  • $0Goodwill and other intangibles
  • $64,118Life insurance assets
  • $497All other assets
  • $56,638Total liabilities and capital
  • $56,410Total liabilities
  • $47,855Total deposits
  • $56,410Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $228Subordinated debt
  • $7,480All other liabilities
  • $7,480Total equity capital
  • $7,480Total bank equity capital
  • $0Perpetual preferred stock
  • $8Common stock
  • $8,086Surplus
  • $-614Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $778Income earned, not collected on loans
  • $0Earning assets
  • $200Long-term assets (5+ years)
  • $59,846Average Assets, year-to-date
  • $11,880Average Assets, quarterly
  • $63,195Volatile liabilities
  • $64,014Insider loans
  • $50,515FHLB advances
  • $63,243Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,320Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,234Restructured Loans and leases
  • $284Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,000Total interest income
  • $594Total interest expense
  • $2,406Net interest income
  • $115Provision for loan and lease losses
  • $582Total noninterest income
  • $0Fiduciary activities
  • $384Service charges on deposit accounts
  • $0Trading account gains & fees
  • $198Additional noninterest income
  • $2,358Total noninterest expense
  • $1,203Salaries and employee benefits
  • $462Premises and equipment expense
  • $693Additional noninterest expense
  • $515Pre-tax net operating income
  • $3Securities gains (losses)
  • $34Applicable income taxes
  • $484Income before extraordinary items
  • $0Extraordinary gains - net
  • $484Net income attributable to bank
  • $0Net charge-offs
  • $484Cash dividends
  • $107Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.09%Yield on earning assets
  • 1.01%Cost of funding earning assets
  • 4.08%Net interest margin
  • 0.99%Noninterest income to earning assets
  • 4.00%Noninterest expense to earning assets
  • 0.76%Net operating income to assets
  • 0.77%Return on assets (ROA)
  • 0.82%Pretax return on assets
  • 6.73%Return on equity (ROE)
  • 6.73%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 107.48%Credit loss provision to net charge-offs
  • 5.89%Efficiency ratio
  • 78,916Assets per employee
  • 3.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.22%Loss allowance to noncurrent loans
  • 74.04%Noncurrent assets plus other real estate owned to assets
  • 1.24%Noncurrent loans to loans
  • 1.65%Net loans and leases to deposits
  • 82.78%Net loans and leases to core deposits
  • 86.68%Equity capital to assets
  • 11.67%Core capital (leverage) ratio
  • 11.57%Tier 1 risk-based capital ratio
  • 14.49%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $63,195Average earning assets
  • $7,188Average equity
  • $58,944Average loans

List of branches

  • 3 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0469910Generations Bank1285 Chestnut Bypass, Centre, AL 35960October 06, 2008Full Service Brick and Mortar
    1481672Cedar Bluff Branch4971 Hwy 68, Cedar Bluff, AL 35959October 06, 2008Full Service Brick and Mortar
    2490021Gadsden Branch400 West Meighan Boulevard, Gadsden, AL 35901March 23, 2009Full Service Brick and Mortar

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