Small Town Bank in Wedowee, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Small Town Bank in Wedowee, Alabama (AL)
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Small Town Bank - Overview

  • General
  • FDIC Certificate #: 35112
    Status: Active
    Federal Reserve ID: 2804864
    Bank Holding Company (Regulatory Top Holder): East Alabama Financial Group, Inc. (RSSDID: 2804855, Location: Wedowee, AL)
    Date Established: July 02, 1999
    WWW: http://www.smalltownbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 74901
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: July 02, 1999
    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: 117 Main Street, Wedowee, AL 36278
    County: Randolph
    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
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $236.7 mil
    Equity capital: $30.1 mil
    Deposits held in domestic offices: $196.0 mil
    Return on assets (ROA): 0.64% ($1.5 mil)
    Quarterly return on assets: -0.73% (-$1.7 mil)
    Return on Equity (ROE): 5.49% ($1.6 mil)
    Quarterly return on equity: -5.72% (-$1.7 mil)
    Net income: $1.5 mil
    Quarterly Net income: -$0.4 mil
    Pretax return on assets: 0.48% ($1,136.2 mil)
    Quarterly Pretax return on assets: -1.96% (-$4,639.4 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
  • 45Total employees (full-time equivalent)
  • $236,703Total assets
  • $16,737Cash and due from depository institutions
  • $12,510Interest-bearing balances
  • $91,481Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $112,060Net loans & leases
  • $3,240Loan loss allowance
  • $0Trading account assets
  • $2,389Bank premises and fixed assets
  • $2,228Other real estate owned
  • $2,612Goodwill and other intangibles
  • $236,703Life insurance assets
  • $9,196All other assets
  • $206,589Total liabilities and capital
  • $195,968Total liabilities
  • $181,384Total deposits
  • $195,968Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $621Subordinated debt
  • $30,114All other liabilities
  • $30,114Total equity capital
  • $30,114Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $8,548Surplus
  • $21,565Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $398Income earned, not collected on loans
  • $0Earning assets
  • $2,004Long-term assets (5+ years)
  • $216,051Average Assets, year-to-date
  • $119,848Average Assets, quarterly
  • $239,764Volatile liabilities
  • $239,745Insider loans
  • $143,113FHLB advances
  • $237,790Loans and leases held for sale
  • $4,851Unused loan commitments
  • $2,244Tier 1 (core) risk-based capital
  • $26,351Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,607Total unused commitments
  • $6,548Restructured Loans and leases
  • $1,828Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,093Total interest income
  • $4,019Total interest expense
  • $9,074Net interest income
  • $3,800Provision for loan and lease losses
  • $737Total noninterest income
  • $0Fiduciary activities
  • $621Service charges on deposit accounts
  • $0Trading account gains & fees
  • $116Additional noninterest income
  • $4,868Total noninterest expense
  • $2,739Salaries and employee benefits
  • $502Premises and equipment expense
  • $1,627Additional noninterest expense
  • $1,143Pre-tax net operating income
  • $0Securities gains (losses)
  • -$401Applicable income taxes
  • $1,544Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,544Net income attributable to bank
  • $0Net charge-offs
  • $1,544Cash dividends
  • $2,730Sale, conversion, retirement of capital stock, net
  • $100Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.99%Yield on earning assets
  • 1.84%Cost of funding earning assets
  • 4.15%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 2.23%Noninterest expense to earning assets
  • 0.64%Net operating income to assets
  • 0.64%Return on assets (ROA)
  • 0.48%Pretax return on assets
  • 5.49%Return on equity (ROE)
  • 5.13%Retained earnings to average equity (YTD only)
  • 2.16%Net charge-offs to loans
  • 139.19%Credit loss provision to net charge-offs
  • 1.81%Efficiency ratio
  • 49,618Assets per employee
  • 5.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 6.48%Loss allowance to loans
  • 2.81%Loss allowance to noncurrent loans
  • 814.07%Noncurrent assets plus other real estate owned to assets
  • 1.11%Noncurrent loans to loans
  • 0.35%Net loans and leases to deposits
  • 57.18%Net loans and leases to core deposits
  • 60.40%Equity capital to assets
  • 12.72%Core capital (leverage) ratio
  • 11.08%Tier 1 risk-based capital ratio
  • 18.41%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $239,764Average earning assets
  • $28,127Average equity
  • $218,568Average loans

List of branches

  • 4 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    074901Small Town Bank117 Main Street, Wedowee, AL 36278July 02, 1999Full Service Brick and Mortar
    1418723Ranburne Branch21044 Main Street, Ranburne, AL 36273Febuary 10, 2003Full Service Brick and Mortar
    244Roanoke Branch548 Main Street, Roanoke, AL 36274May 12, 1931Full Service Brick and Mortar
    3462753Heflin Branch654 Ross Street, Heflin, AL 36264April 17, 2007Full Service Brick and Mortar

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