FDIC Certificate #: 13831 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Monroe County Bank (#9611) Federal Reserve ID: 524533 Date Established: Febuary 02, 1934 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 8645 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: Febuary 02, 1934 Last Structure Change Effective Date: May 15, 1998 Last Structure Change Process Date: June 08, 1998 Last Data Update: June 08, 1998 Data Source Date: April 05, 2012
Location
Address: 905 Old Peterman Highway, Peterman, AL 36471 County: Monroe Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Montgomery Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast
Financial Summary
Total assets: $17.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
11Total employees (full-time equivalent)
$17,095Total assets
$1,197Cash and due from depository institutions
$0Interest-bearing balances
$3,854Securities
$4,250Federal funds sold & reverse repurchase agreements
$7,046Net loans & leases
$288Loan loss allowance
$0Trading account assets
$225Bank premises and fixed assets
$77Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$446All other assets
$17,095Total liabilities and capital
$15,202Total liabilities
$15,105Total deposits
$13,433Interest-bearing deposits
$15,105Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$97All other liabilities
$1,893Total equity capital
$1,893Total bank equity capital
$1,893Perpetual preferred stock
$0Common stock
$75Surplus
$75Undivided profits
Memoranda
$1,743Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$129Earning assets
$0Long-term assets (5+ years)
$194Average Assets, year-to-date
$15,150Average Assets, quarterly
$443Volatile liabilities
$19,120Insider loans
$17,920FHLB advances
$2,177Loans and leases held for sale
$460Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$243Total unused commitments
$0Restructured Loans and leases
$8,896Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$1,281Total interest income
$641Total interest expense
$640Net interest income
$201Provision for loan and lease losses
$74Total noninterest income
$0Fiduciary activities
$64Service charges on deposit accounts
$0Trading account gains & fees
$10Additional noninterest income
$770Total noninterest expense
$302Salaries and employee benefits
$80Premises and equipment expense
$388Additional noninterest expense
-$257Pre-tax net operating income
$0Securities gains (losses)
-$93Applicable income taxes
-$164Income before extraordinary items
$0Extraordinary gains - net
-$164Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$10Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.64%Yield on earning assets
3.82%Cost of funding earning assets
3.82%Net interest margin
0.44%Noninterest income to earning assets
4.59%Noninterest expense to earning assets
-0.86%Net operating income to assets
-0.86%Return on assets (ROA)
-1.34%Pretax return on assets
-8.05%Return on equity (ROE)
-8.05%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
2010.00%Credit loss provision to net charge-offs
-5.60%Efficiency ratio
107,843Assets per employee
1.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.93%Loss allowance to noncurrent loans
223.26%Noncurrent assets plus other real estate owned to assets
1.21%Noncurrent loans to loans
1.76%Net loans and leases to deposits
46.65%Net loans and leases to core deposits
54.50%Equity capital to assets
11.07%Core capital (leverage) ratio
10.30%Tier 1 risk-based capital ratio
21.22%Total risk-based capital ratio
Memoranda
$22Average assets
$19,120Average earning assets
$2,036Average equity
$16,767Average loans
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