North Alabama Bank in Hazel Green, Alabama (AL)



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North Alabama Bank
GeneralFDIC Certificate #: 27560
Status: Active
Federal Reserve ID: 1402384
Bank Holding Company (Regulatory Top Holder): North Alabama Bancshares, Inc. (RSSDID: 3711857, Location: Hazel Green, AL)
Date Established: August 14, 1989
WWW: http://www.northalabamabank.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)
FDIC's unique #: 40342
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: August 14, 1989
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
LocationAddress: 13914 Highway 231-431 North, Hazel Green, AL 35750
County: Madison
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): Huntsville, AL (#3440)
Combined Statistical Area (CSA): Huntsville-Decatur, AL (#290)
Core Based Statistical Area (CBSA): Huntsville, AL (#26620)
CBSA Metro Statistical Area: Huntsville, AL (#26620)
History of ChangesChange in Geographic Region/Area/Territory/Field Office
Financial SummaryTotal assets: $111.8 mil
Equity capital: $9.7 mil
Deposits held in domestic offices: $101.6 mil
Return on assets (ROA): -1.67% (-$1.9 mil)
Quarterly return on assets: -8.48% (-$9.5 mil)
Return on Equity (ROE): -17.14% (-$1.7 mil)
Quarterly return on equity: -88.06% (-$8.8 mil)
Net income: -$2.0 mil
Quarterly Net income: -$2.4 mil
Pretax return on assets: -2.69% (-$3,006.6 mil)
Quarterly Pretax return on assets: -13.55% (-$15,144.7 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)35
Total assets$111,769
Cash and due from depository institutions$10,408
Interest-bearing balances$9,346
Securities$12,697
Federal funds sold & reverse repurchase agreements$5,150
Net loans & leases$58,267
Loan loss allowance $1,420
Trading account assets$0
Bank premises and fixed assets$6,593
Other real estate owned$14,891
Goodwill and other intangibles$0
All other assets$3,763
Life insurance assets$111,770
Total liabilities and capital$102,030
Total liabilities$101,589
Total deposits$90,876
Interest-bearing deposits$101,589
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $441
All other liabilities $9,740
Total equity capital$9,740
Total bank equity capital$9,740
Perpetual preferred stock$0
Common stock$500
Surplus$4,500
Undivided profits $4,740
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,111
Earning assets $0
Long-term assets (5+ years) $414
Average Assets, year-to-date $85,460
Average Assets, quarterly $12,721
Volatile liabilities $119,150
Insider loans $113,827
FHLB advances $82,005
Loans and leases held for sale $113,279
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $7,405
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,992
Derivatives$664
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,915
Total interest expense $1,206
Net interest income $4,709
Provision for loan and lease losses $3,767
Total noninterest income $799
Fiduciary activities $0
Service charges on deposit accounts $435
Trading account gains & fees $0
Additional noninterest income $364
Total noninterest expense $5,129
Salaries and employee benefits $1,929
Premises and equipment expense $685
Additional noninterest expense $2,515
Pre-tax net operating income -$3,388
Securities gains (losses) $187
Applicable income taxes -$1,212
Income before extraordinary items -$1,989
Extraordinary gains - net $0
Net income attributable to bank -$1,989
Net charge-offs $0
Cash dividends -$1,989
Sale, conversion, retirement of capital stock, net $4,884
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.32%
Cost of funding earning assets 1.29%
Net interest margin 5.03%
Noninterest income to earning assets 0.85%
Noninterest expense to earning assets 5.48%
Net operating income to assets -1.77%
Return on assets (ROA) -1.67%
Pretax return on assets -2.69%
Return on equity (ROE) -17.14%
Retained earnings to average equity (YTD only) -17.14%
Net charge-offs to loans 6.89%
Credit loss provision to net charge-offs 77.13%
Efficiency ratio0.08%
Assets per employee$93,119
Cash dividends to net income (YTD only)3.19%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.38%
Noncurrent assets plus other real estate owned to assets 127.81%
Noncurrent loans to loans 14.32%
Net loans and leases to deposits1.86%
Net loans and leases to core deposits 57.36%
Equity capital to assets 65.68%
Core capital (leverage) ratio 8.71%
Tier 1 risk-based capital ratio 6.54%
Total risk-based capital ratio 9.03%
Memoranda
Average assets$10
Average earning assets$119,150
Average equity $11,602
Average loans $93,614
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3 Alabama Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
040342North Alabama Bank13914 Highway 231-431 North, Hazel Green, AL 35750August 14, 1989Full Service Brick and Mortar
1262271Winchester Road Branch1590 Winchester Road, Huntsville, AL 35811December 09, 1992Full Service Brick and Mortar
2455369Providence Branch220 Providence Main Street, Huntsville, AL 35806August 14, 2006Full Service Brick and Mortar
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