North Alabama Bank in Hazel Green, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • North Alabama Bank in Hazel Green, Alabama (AL)
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North Alabama Bank - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total 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
  • 35Total employees (full-time equivalent)
  • $111,769Total assets
  • $10,408Cash and due from depository institutions
  • $9,346Interest-bearing balances
  • $12,697Securities
  • $5,150Federal funds sold & reverse repurchase agreements
  • $58,267Net loans & leases
  • $1,420Loan loss allowance
  • $0Trading account assets
  • $6,593Bank premises and fixed assets
  • $14,891Other real estate owned
  • $0Goodwill and other intangibles
  • $111,770Life insurance assets
  • $3,763All other assets
  • $102,030Total liabilities and capital
  • $101,589Total liabilities
  • $90,876Total deposits
  • $101,589Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $441Subordinated debt
  • $9,740All other liabilities
  • $9,740Total equity capital
  • $9,740Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $4,500Surplus
  • $4,740Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,111Income earned, not collected on loans
  • $0Earning assets
  • $414Long-term assets (5+ years)
  • $85,460Average Assets, year-to-date
  • $12,721Average Assets, quarterly
  • $119,150Volatile liabilities
  • $113,827Insider loans
  • $82,005FHLB advances
  • $113,279Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,405Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,992Restructured Loans and leases
  • $664Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,915Total interest income
  • $1,206Total interest expense
  • $4,709Net interest income
  • $3,767Provision for loan and lease losses
  • $799Total noninterest income
  • $0Fiduciary activities
  • $435Service charges on deposit accounts
  • $0Trading account gains & fees
  • $364Additional noninterest income
  • $5,129Total noninterest expense
  • $1,929Salaries and employee benefits
  • $685Premises and equipment expense
  • $2,515Additional noninterest expense
  • -$3,388Pre-tax net operating income
  • $187Securities gains (losses)
  • -$1,212Applicable income taxes
  • -$1,989Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,989Net income attributable to bank
  • $0Net charge-offs
  • -$1,989Cash dividends
  • $4,884Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.32%Yield on earning assets
  • 1.29%Cost of funding earning assets
  • 5.03%Net interest margin
  • 0.85%Noninterest income to earning assets
  • 5.48%Noninterest expense to earning assets
  • -1.77%Net operating income to assets
  • -1.67%Return on assets (ROA)
  • -2.69%Pretax return on assets
  • -17.14%Return on equity (ROE)
  • -17.14%Retained earnings to average equity (YTD only)
  • 6.89%Net charge-offs to loans
  • 77.13%Credit loss provision to net charge-offs
  • 0.08%Efficiency ratio
  • 93,119Assets per employee
  • 3.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.38%Loss allowance to noncurrent loans
  • 127.81%Noncurrent assets plus other real estate owned to assets
  • 14.32%Noncurrent loans to loans
  • 1.86%Net loans and leases to deposits
  • 57.36%Net loans and leases to core deposits
  • 65.68%Equity capital to assets
  • 8.71%Core capital (leverage) ratio
  • 6.54%Tier 1 risk-based capital ratio
  • 9.03%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $119,150Average earning assets
  • $11,602Average equity
  • $93,614Average loans

List of branches

  • 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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