FDIC Certificate #: 35162 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Regions Bank (#12368) Federal Reserve ID: 2875426 Date Established: April 03, 2000 WWW:http://www.morgankeegan.com Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 16102 FDIC's unique #: 75634 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: April 03, 2000 Last Structure Change Effective Date: September 29, 2005 Last Structure Change Process Date: October 11, 2005 Last Data Update: October 11, 2005 Data Source Date: April 05, 2012
Location
Address: 417 20th Street North, Birmingham, AL 35203 County: Jefferson 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): Birmingham, AL (#1000) Combined Statistical Area (CSA): Birmingham-Hoover-Cullman, AL (#142) Core Based Statistical Area (CBSA): Birmingham-Hoover, AL (#13820) CBSA Metro Statistical Area: Birmingham-Hoover, AL (#13820)
Financial Summary
Total assets: $12.5 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2004)
Dollar figures in thousands
26Total employees (full-time equivalent)
$12,040Total assets
$1,285Cash and due from depository institutions
$1,285Interest-bearing balances
$10,492Securities
$0Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$201Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$62All other assets
$12,040Total liabilities and capital
$867Total liabilities
$500Total deposits
$500Interest-bearing deposits
$500Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$367All other liabilities
$11,173Total equity capital
$11,173Total bank equity capital
$11,173Perpetual preferred stock
$0Common stock
$1Surplus
$10,924Undivided profits
Memoranda
$248Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$55Average Assets, year-to-date
$11,777Average Assets, quarterly
$0Volatile liabilities
$11,735Insider loans
$11,862FHLB advances
$500Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$331Total interest income
$0Total interest expense
$331Net interest income
$0Provision for loan and lease losses
$5,634Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$5,634Additional noninterest income
$5,341Total noninterest expense
$3,761Salaries and employee benefits
$506Premises and equipment expense
$1,074Additional noninterest expense
$624Pre-tax net operating income
$5Securities gains (losses)
$233Applicable income taxes
$396Income before extraordinary items
$0Extraordinary gains - net
$396Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
2.89%Yield on earning assets
0.00%Cost of funding earning assets
2.89%Net interest margin
49.17%Noninterest income to earning assets
46.61%Noninterest expense to earning assets
3.35%Net operating income to assets
3.37%Return on assets (ROA)
5.36%Pretax return on assets
3.62%Return on equity (ROE)
3.62%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
89,539Assets per employee
0.46%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
92.80%Core capital (leverage) ratio
93.04%Tier 1 risk-based capital ratio
535.87%Total risk-based capital ratio
Memoranda
$536Average assets
$11,735Average earning assets
$10,945Average equity
$11,458Average loans
Total Fiduciary and Related Assets (December 31, 2004)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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