Peoples Bank of Alabama in Cullman, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Peoples Bank of Alabama - Overview

  • General
  • FDIC Certificate #: 22537
    Status: Active
    Federal Reserve ID: 60330
    Bank Holding Company (Regulatory Top Holder): Altrust Financial Services, Inc. (RSSDID: 1136595, Location: Cullman, AL)
    Date Established: October 24, 1977
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 29 (Domestic: 29, Interstate: No)
    OTS Docket #: 13233
    FDIC's unique #: 15719
    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 24, 1977
    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: 811 Second Avenue, S.W., Cullman, AL 35055
    County: Cullman
    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
    Combined Statistical Area (CSA): Birmingham-Hoover-Cullman, AL (#142)
    Core Based Statistical Area (CBSA): Cullman, AL (#18980)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $511.3 mil
    Equity capital: $43.4 mil
    Deposits held in domestic offices: $426.1 mil
    Return on assets (ROA): -0.20% (-$1.0 mil)
    Quarterly return on assets: -2.00% (-$10.2 mil)
    Return on Equity (ROE): -2.29% (-$1.0 mil)
    Quarterly return on equity: -22.42% (-$9.6 mil)
    Net income: -$1.0 mil
    Quarterly Net income: -$2.5 mil
    Pretax return on assets: -0.20% (-$1,022.6 mil)
    Quarterly Pretax return on assets: -2.02% (-$10,328.6 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, 2011)

  • Dollar figures in thousands
  • 213Total employees (full-time equivalent)
  • $511,316Total assets
  • $19,510Cash and due from depository institutions
  • $3,555Interest-bearing balances
  • $81,770Securities
  • $12,096Federal funds sold & reverse repurchase agreements
  • $342,921Net loans & leases
  • $4,750Loan loss allowance
  • $0Trading account assets
  • $16,727Bank premises and fixed assets
  • $14,041Other real estate owned
  • $4,823Goodwill and other intangibles
  • $511,316Life insurance assets
  • $19,428All other assets
  • $467,926Total liabilities and capital
  • $426,073Total liabilities
  • $376,413Total deposits
  • $426,073Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $40,037Trading liabilities
  • $0Other borrowed funds
  • $1,816Subordinated debt
  • $43,390All other liabilities
  • $43,390Total equity capital
  • $43,390Total bank equity capital
  • $0Perpetual preferred stock
  • $20Common stock
  • $13,622Surplus
  • $29,748Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $14,334Income earned, not collected on loans
  • $0Earning assets
  • $2,052Long-term assets (5+ years)
  • $440,342Average Assets, year-to-date
  • $109,082Average Assets, quarterly
  • $505,697Volatile liabilities
  • $503,649Insider loans
  • $417,351FHLB advances
  • $500,605Loans and leases held for sale
  • $11,118Unused loan commitments
  • $4,677Tier 1 (core) risk-based capital
  • $42,859Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,441Total unused commitments
  • $48,587Restructured Loans and leases
  • $9,382Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $21,911Total interest income
  • $4,982Total interest expense
  • $16,929Net interest income
  • $2,898Provision for loan and lease losses
  • $6,279Total noninterest income
  • $0Fiduciary activities
  • $8,244Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,965Additional noninterest income
  • $21,397Total noninterest expense
  • $11,484Salaries and employee benefits
  • $3,538Premises and equipment expense
  • $6,375Additional noninterest expense
  • -$1,087Pre-tax net operating income
  • $68Securities gains (losses)
  • $14Applicable income taxes
  • -$1,033Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,033Net income attributable to bank
  • $0Net charge-offs
  • -$1,033Cash dividends
  • $2,667Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.03%Yield on earning assets
  • 1.14%Cost of funding earning assets
  • 3.89%Net interest margin
  • 1.44%Noninterest income to earning assets
  • 4.91%Noninterest expense to earning assets
  • -0.22%Net operating income to assets
  • -0.20%Return on assets (ROA)
  • -0.20%Pretax return on assets
  • -2.29%Return on equity (ROE)
  • -2.29%Retained earnings to average equity (YTD only)
  • 0.77%Net charge-offs to loans
  • 108.66%Credit loss provision to net charge-offs
  • 0.68%Efficiency ratio
  • 91,774Assets per employee
  • 2.40%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.37%Loss allowance to noncurrent loans
  • 33.14%Noncurrent assets plus other real estate owned to assets
  • 5.55%Noncurrent loans to loans
  • 4.12%Net loans and leases to deposits
  • 80.48%Net loans and leases to core deposits
  • 84.95%Equity capital to assets
  • 8.49%Core capital (leverage) ratio
  • 8.56%Tier 1 risk-based capital ratio
  • 10.27%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $505,697Average earning assets
  • $45,025Average equity
  • $435,456Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $6,648Managed 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
  • 2Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $6,648Other retirement accounts
  • $0Corporate trust and agency accounts
  • $6,648Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 29 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015719Peoples Bank Of Alabama811 Second Avenue, S.W., Cullman, AL 35055October 24, 1977Full Service Brick and Mortar
    1254856Holly Pond Branch10695 Us Hwy 278 East, Holly Pond, AL 35083October 10, 1983Full Service Brick and Mortar
    2254857Hanceville Branch104 Main Street, Hanceville, AL 35077January 11, 1988Full Service Brick and Mortar
    3254858Good Hope Branch1495 County Road 437, Cullman, AL 35055March 01, 1988Full Service Brick and Mortar
    6254861Baileyton Branch12081 Alabama Highway 69 North, Baileyton, AL 35019August 31, 1989Full Service Brick and Mortar
    7272283Sixth Street Branch401 Lee Street Ne, Decatur, AL 35601June 30, 1986Limited Service Facility
    8254862Gardendale Branch336 Fieldstown Road, Gardendale, AL 35071June 26, 1995Full Service Brick and Mortar
    9254863Dodge City Branch435 Alabama Highway 69 South, Dodge City, AL 35077November 20, 1995Full Service Brick and Mortar
    10262176Laceys Spring Branch10437 Highway 36, Laceys Spring, AL 35754Febuary 01, 1991Full Service Brick and Mortar
    11262179Somerville Branch5276 Highway 67, Somerville, AL 35670May 24, 1993Full Service Brick and Mortar
    13254865West Point Branch265 County Road 1242, Vinemont, AL 35179May 25, 1999Limited Service Mobile
    14357704Warrior Branch420 Caldwell Drive, Warrior, AL 35180May 15, 2000Limited Service Mobile
    15358880Oneonta Branch918 2nd Avenue East, Oneonta, AL 35121August 12, 2000Full Service Brick and Mortar
    16361447Arab Branch2133 North Brindlee Mtn. Pkwy., Arab, AL 35016June 30, 2001Full Service Brick and Mortar
    18180937Parkway Branch910 North Brindlee Mountain Parkway, Arab, AL 35016January 28, 1994Full Service Brick and Mortar
    21180951Boaz Branch200 Billy D. Dyar Boulevard, Boaz, AL 35957July 21, 1998Full Service Brick and Mortar
    22180952Guntersville14340 Highway 431 North, Guntersville, AL 35976October 05, 1998Full Service Brick and Mortar
    23418510North Cullman Branch5052 Alabama Highway 157 North, Cullman, AL 35057August 30, 2002Full Service Brick and Mortar
    24418511Jones Chapel Branch11351 Sthwy 278, Cullman, AL 35057March 03, 2003Full Service Brick and Mortar
    25242680Morris Branch585 Morris Majestic Road, Morris, AL 35116October 29, 1987Full Service Brick and Mortar
    26432313Locust Fork Branch29900 State Highway 79, Locust Fork, AL 35097September 01, 2004Full Service Brick and Mortar
    27433903Scant City Branch8033 Alabama Highway 69, Arab, AL 35016January 05, 2005Full Service Brick and Mortar
    28443109Operations Office Branch410 3rd Ave, Se, Cullman, AL 35055April 01, 2005Limited Service Administrative
    30448968Decatur Southeast Branch1737 6th Avenue, Se, Decatur, AL 35601Febuary 27, 2006Full Service Brick and Mortar
    31450818Blountsville Branch68870 Main Street, South, Blountsville, AL 35031September 26, 2005Full Service Brick and Mortar
    32455367Beltline Place Branch303 Beltline Place Sw, Suite E, Decatur, AL 35603September 11, 2006Full Service Brick and Mortar
    33466615Crane Hill Branch9462 County Road 946, Crane Hill, AL 35053October 16, 2006Limited Service Mobile
    34468283Hartselle Branch501 Highway 31, Sw, Hartselle, AL 35640August 24, 2007Full Service Brick and Mortar
    35471135Albertville U.S. Hwy 431 Branch7473 U.S. Highway 431, Albertville, AL 35950January 22, 2008Full Service Brick and Mortar

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