Nexity Bank in Birmingham, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 15, 2011

  • Nexity Bank in Birmingham, Alabama (AL)
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Nexity Bank - Overview

  • General
  • FDIC Certificate #: 19794
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: AloStar Bank of Commerce (#59060)
    Federal Reserve ID: 509231
    Date Established: Febuary 22, 1968
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 13588
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 22, 1968
    Last Structure Change Effective Date: April 15, 2011
    Last Structure Change Process Date: April 18, 2011
    Last Data Update: April 18, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 3680 Grandview Parkway, Suite 200, Birmingham, AL 35243
    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)
  • Financial Summary
  • Total assets: $757.6 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, 2010)

  • Dollar figures in thousands
  • 81Total employees (full-time equivalent)
  • $793,704Total assets
  • $107,771Cash and due from depository institutions
  • $107,352Interest-bearing balances
  • $241,119Securities
  • $829Federal funds sold & reverse repurchase agreements
  • $349,031Net loans & leases
  • $11,124Loan loss allowance
  • $0Trading account assets
  • $10,076Bank premises and fixed assets
  • $53,262Other real estate owned
  • $0Goodwill and other intangibles
  • $18,688Life insurance assets
  • $31,616All other assets
  • $793,704Total liabilities and capital
  • $792,746Total liabilities
  • $637,804Total deposits
  • $579,827Interest-bearing deposits
  • $637,804Deposits held in domestic offices
  • 99.03%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $150,000Other borrowed funds
  • $250Subordinated debt
  • $4,692All other liabilities
  • $958Total equity capital
  • $958Total bank equity capital
  • $958Perpetual preferred stock
  • $1,100Common stock
  • $3Surplus
  • $79,515Undivided profits
  • Memoranda
  • $-79,660Noncurrent loans and leases
  • $15,783Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $60,704Earning assets
  • $0Long-term assets (5+ years)
  • $2,198Average Assets, year-to-date
  • $698,331Average Assets, quarterly
  • $215,790Volatile liabilities
  • $906,950Insider loans
  • $853,275FHLB advances
  • $330,949Loans and leases held for sale
  • $784Unused loan commitments
  • $150,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $15,783Total unused commitments
  • $48Restructured Loans and leases
  • $6,156Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $24,105Total interest income
  • $16,185Total interest expense
  • $7,920Net interest income
  • $11,475Provision for loan and lease losses
  • $1,213Total noninterest income
  • $0Fiduciary activities
  • $263Service charges on deposit accounts
  • $2,916Trading account gains & fees
  • -$1,966Additional noninterest income
  • $23,125Total noninterest expense
  • $9,744Salaries and employee benefits
  • $1,584Premises and equipment expense
  • $11,797Additional noninterest expense
  • -$25,467Pre-tax net operating income
  • $3,293Securities gains (losses)
  • $274Applicable income taxes
  • -$22,448Income before extraordinary items
  • $0Extraordinary gains - net
  • -$22,448Net income attributable to bank
  • $0Net charge-offs
  • -$22,448Cash dividends
  • $22,699Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.00%Yield on earning assets
  • 2.02%Cost of funding earning assets
  • 0.99%Net interest margin
  • 0.15%Noninterest income to earning assets
  • 2.88%Noninterest expense to earning assets
  • -2.84%Net operating income to assets
  • -2.48%Return on assets (ROA)
  • -2.44%Pretax return on assets
  • -106.53%Return on equity (ROE)
  • -106.53%Retained earnings to average equity (YTD only)
  • 5.10%Net charge-offs to loans
  • 50.55%Credit loss provision to net charge-offs
  • -0.62%Efficiency ratio
  • 253,203Assets per employee
  • 9.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.09%Loss allowance to noncurrent loans
  • 18.32%Noncurrent assets plus other real estate owned to assets
  • 14.55%Noncurrent loans to loans
  • 16.85%Net loans and leases to deposits
  • 54.72%Net loans and leases to core deposits
  • 111.92%Equity capital to assets
  • 0.12%Core capital (leverage) ratio
  • 0.72%Tier 1 risk-based capital ratio
  • 1.23%Total risk-based capital ratio
  • Memoranda
  • $2Average assets
  • $906,950Average earning assets
  • $21,071Average equity
  • $802,828Average loans

Total Fiduciary and Related Assets (December 31, 2010)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $132Managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $132Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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