SouthTrust Bank of Etowah County, National Association in Gadsden, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 13, 1995

  • SouthTrust Bank of Etowah County, National Association in Gadsden, Alabama (AL)
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SouthTrust Bank of Etowah County, National Association - Overview

  • General
  • FDIC Certificate #: 73
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SouthTrust Bank (#849)
    Federal Reserve ID: 809735
    Date Established: July 01, 1906
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Interstate: No)
    FDIC's unique #: 53
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 13, 1995
    Last Structure Change Process Date: January 27, 1995
    Last Data Update: January 27, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 250 South Seventh Street, Gadsden, AL 35901
    County: Etowah
    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): Gadsden, AL (#2880)
    Core Based Statistical Area (CBSA): Gadsden, AL (#23460)
    CBSA Metro Statistical Area: Gadsden, AL (#23460)
  • Financial Summary
  • Total assets: $269.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $101Total assets
  • $269,047Cash and due from depository institutions
  • $32,670Interest-bearing balances
  • $21,714Securities
  • $67,195Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $162,278Loan loss allowance
  • $2,122Trading account assets
  • $0Bank premises and fixed assets
  • $2,788Other real estate owned
  • $465Goodwill and other intangibles
  • $3,651Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $269,047Total liabilities
  • $250,836Total deposits
  • $223,208Interest-bearing deposits
  • $185,846Deposits held in domestic offices
  • 223208.00%% insured (estimated)
  • $79Federal funds purchased & repurchase agreements
  • $23,925Trading liabilities
  • $0Other borrowed funds
  • $2,209Subordinated debt
  • $0All other liabilities
  • $1,494Total equity capital
  • $1,494Total bank equity capital
  • $18,211Perpetual preferred stock
  • $0Common stock
  • $203Surplus
  • $6,723Undivided profits
  • Memoranda
  • $11,285Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $768Income earned, not collected on loans
  • $1,002Earning assets
  • $251,187Long-term assets (5+ years)
  • $29,449Average Assets, year-to-date
  • $253,810Average Assets, quarterly
  • $268,335Volatile liabilities
  • $44,337Insider loans
  • $6,154FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $26,011Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $18,778Total risk weighted assets
  • $160,024Total unused commitments
  • $0Restructured Loans and leases
  • $6,800Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $18,005Total interest expense
  • $7,201Net interest income
  • $10,804Provision for loan and lease losses
  • $240Total noninterest income
  • $1,687Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,096Trading account gains & fees
  • $0Additional noninterest income
  • $591Total noninterest expense
  • $6,009Salaries and employee benefits
  • $2,756Premises and equipment expense
  • $459Additional noninterest expense
  • $2,794Pre-tax net operating income
  • $6,242Securities gains (losses)
  • $11Applicable income taxes
  • $1,949Income before extraordinary items
  • $4,304Extraordinary gains - net
  • $0Net income attributable to bank
  • $4,304Net charge-offs
  • -$69Cash dividends
  • $7,266Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.56%Cost of funding earning assets
  • 3.02%Net interest margin
  • 4.54%Noninterest income to earning assets
  • 0.71%Noninterest expense to earning assets
  • 2.52%Net operating income to assets
  • 1.69%Return on assets (ROA)
  • 1.70%Pretax return on assets
  • 2.46%Return on equity (ROE)
  • 20.06%Retained earnings to average equity (YTD only)
  • -13.80%Net charge-offs to loans
  • -0.04%Credit loss provision to net charge-offs
  • -347.83%Efficiency ratio
  • 48,107Assets per employee
  • 2.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 168.82%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 276.30%Noncurrent assets plus other real estate owned to assets
  • 0.46%Noncurrent loans to loans
  • 0.47%Net loans and leases to deposits
  • 72.70%Net loans and leases to core deposits
  • 79.16%Equity capital to assets
  • 6.77%Core capital (leverage) ratio
  • 7.07%Tier 1 risk-based capital ratio
  • 11.73%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $253,810Average earning assets
  • $21,456Average equity
  • $238,103Average loans

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