FDIC Certificate #: 16743 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:West Alabama Bank & Trust (#16175) Federal Reserve ID: 543338 Date Established: November 03, 1948 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 10859 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: November 03, 1948 Last Structure Change Effective Date: January 01, 2006 Last Structure Change Process Date: January 13, 2006 Last Data Update: January 13, 2006 Data Source Date: April 05, 2012
Location
Address: 30330 Hwy 17, Millport, AL 35576 County: Lamar 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
Financial Summary
Total assets: $69.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
16Total employees (full-time equivalent)
$69,390Total assets
$1,883Cash and due from depository institutions
$0Interest-bearing balances
$15,022Securities
$4,855Federal funds sold & reverse repurchase agreements
$44,094Net loans & leases
$809Loan loss allowance
$0Trading account assets
$1,379Bank premises and fixed assets
$665Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,492All other assets
$69,390Total liabilities and capital
$60,460Total liabilities
$55,978Total deposits
$47,935Interest-bearing deposits
$55,978Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,000Other borrowed funds
$0Subordinated debt
$482All other liabilities
$8,930Total equity capital
$8,930Total bank equity capital
$8,930Perpetual preferred stock
$0Common stock
$30Surplus
$520Undivided profits
Memoranda
$8,380Noncurrent loans and leases
$686Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$340Earning assets
$0Long-term assets (5+ years)
$348Average Assets, year-to-date
$63,971Average Assets, quarterly
$8,928Volatile liabilities
$69,333Insider loans
$70,370FHLB advances
$22,837Loans and leases held for sale
$4,050Unused loan commitments
$4,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,501Total risk weighted assets
$686Total unused commitments
$0Restructured Loans and leases
$619Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$4,580Total interest income
$1,472Total interest expense
$3,108Net interest income
$340Provision for loan and lease losses
$317Total noninterest income
$0Fiduciary activities
$343Service charges on deposit accounts
$0Trading account gains & fees
-$26Additional noninterest income
$2,440Total noninterest expense
$980Salaries and employee benefits
$544Premises and equipment expense
$916Additional noninterest expense
$645Pre-tax net operating income
$4Securities gains (losses)
$191Applicable income taxes
$458Income before extraordinary items
$0Extraordinary gains - net
$458Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$225Sale, conversion, retirement of capital stock, net
$99Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.14%Yield on earning assets
2.30%Cost of funding earning assets
4.85%Net interest margin
0.49%Noninterest income to earning assets
3.81%Noninterest expense to earning assets
0.66%Net operating income to assets
0.66%Return on assets (ROA)
0.94%Pretax return on assets
5.14%Return on equity (ROE)
4.03%Retained earnings to average equity (YTD only)
0.48%Net charge-offs to loans
151.11%Credit loss provision to net charge-offs
4.38%Efficiency ratio
71,241Assets per employee
4.34%Cash dividends to net income (YTD only)
Condition Ratios (%)
21.62%Loss allowance to loans
1.80%Loss allowance to noncurrent loans
237.94%Noncurrent assets plus other real estate owned to assets
1.45%Noncurrent loans to loans
0.76%Net loans and leases to deposits
78.77%Net loans and leases to core deposits
133.05%Equity capital to assets
12.87%Core capital (leverage) ratio
12.67%Tier 1 risk-based capital ratio
18.47%Total risk-based capital ratio
Memoranda
$20Average assets
$69,333Average earning assets
$8,916Average equity
$64,104Average loans
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