Peoples Bank of Alabama in Cullman, Alabama (AL)



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Peoples Bank of Alabama routing number info

Table of contents:
Peoples Bank of Alabama
GeneralFDIC 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
WWW: http://www.peoplesbankal.com
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
LocationAddress: 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 ChangesChange in Geographic Region/Area/Territory/Field Office
Financial SummaryTotal 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)
Total employees (full-time equivalent)213
Total assets$511,316
Cash and due from depository institutions$19,510
Interest-bearing balances$3,555
Securities$81,770
Federal funds sold & reverse repurchase agreements$12,096
Net loans & leases$342,921
Loan loss allowance $4,750
Trading account assets$0
Bank premises and fixed assets$16,727
Other real estate owned$14,041
Goodwill and other intangibles$4,823
All other assets$19,428
Life insurance assets$511,316
Total liabilities and capital$467,926
Total liabilities$426,073
Total deposits$376,413
Interest-bearing deposits$426,073
Deposits held in domestic offices$84
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$40,037
Other borrowed funds $0
Subordinated debt $1,816
All other liabilities $43,390
Total equity capital$43,390
Total bank equity capital$43,390
Perpetual preferred stock$0
Common stock$20
Surplus$13,622
Undivided profits $29,748
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 $14,334
Earning assets $0
Long-term assets (5+ years) $2,052
Average Assets, year-to-date $440,342
Average Assets, quarterly $109,082
Volatile liabilities $505,697
Insider loans $503,649
FHLB advances $417,351
Loans and leases held for sale $500,605
Unused loan commitments $11,118
Tier 1 (core) risk-based capital $4,677
Tier 2 risk-based capital $42,859
Total risk weighted assets $0
Total unused commitments $6,441
Restructured Loans and leases $48,587
Derivatives$9,382
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $21,911
Total interest expense $4,982
Net interest income $16,929
Provision for loan and lease losses $2,898
Total noninterest income $6,279
Fiduciary activities $0
Service charges on deposit accounts $8,244
Trading account gains & fees $0
Additional noninterest income -$1,965
Total noninterest expense $21,397
Salaries and employee benefits $11,484
Premises and equipment expense $3,538
Additional noninterest expense $6,375
Pre-tax net operating income -$1,087
Securities gains (losses) $68
Applicable income taxes $14
Income before extraordinary items -$1,033
Extraordinary gains - net $0
Net income attributable to bank -$1,033
Net charge-offs $0
Cash dividends -$1,033
Sale, conversion, retirement of capital stock, net $2,667
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 assets5.03%
Cost of funding earning assets 1.14%
Net interest margin 3.89%
Noninterest income to earning assets 1.44%
Noninterest expense to earning assets 4.91%
Net operating income to assets -0.22%
Return on assets (ROA) -0.20%
Pretax return on assets -0.20%
Return on equity (ROE) -2.29%
Retained earnings to average equity (YTD only) -2.29%
Net charge-offs to loans 0.77%
Credit loss provision to net charge-offs 108.66%
Efficiency ratio0.68%
Assets per employee$91,774
Cash dividends to net income (YTD only)2.40%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.37%
Noncurrent assets plus other real estate owned to assets 33.14%
Noncurrent loans to loans 5.55%
Net loans and leases to deposits4.12%
Net loans and leases to core deposits 80.48%
Equity capital to assets 84.95%
Core capital (leverage) ratio 8.49%
Tier 1 risk-based capital ratio 8.56%
Total risk-based capital ratio 10.27%
Memoranda
Average assets$11
Average earning assets$505,697
Average equity $45,025
Average loans $435,456
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$6,648
Number of Accounts1
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts2
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$6,648
Corporate trust and agency accounts$0
Other fiduciary accounts$6,648
Fiduciary accounts held in foreign offices$0
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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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