SouthTrust Bank of Morgan County in Hartselle, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 13, 1995

SouthTrust Bank of Morgan County in Hartselle, Alabama (AL)
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SouthTrust Bank of Morgan County - Overview

General
FDIC Certificate #: 14481
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: SouthTrust Bank (#849)
Federal Reserve ID: 54339
Date Established: June 14, 1934
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 9047
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: June 14, 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: 601 West Chestnut Street, Hartselle, AL 35640
County: Morgan
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): Decatur, AL (#2030)
Combined Statistical Area (CSA): Huntsville-Decatur, AL (#290)
Core Based Statistical Area (CBSA): Decatur, AL (#19460)
CBSA Metro Statistical Area: Decatur, AL (#19460)
Financial Summary
Total assets: $135.1 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)
$58Total assets
$135,093Cash and due from depository institutions
$4,227Interest-bearing balances
$0Securities
$25,964Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$100,495Loan loss allowance
$1,378Trading account assets
$0Bank premises and fixed assets
$2,686Other real estate owned
$0Goodwill and other intangibles
$1,721Life insurance assets
$0All other assets
$0Total liabilities and capital
$135,093Total liabilities
$125,187Total deposits
$114,665Interest-bearing deposits
$97,277Deposits held in domestic offices
114665.00%% insured (estimated)
$88Federal funds purchased & repurchase agreements
$8,952Trading liabilities
$0Other borrowed funds
$627Subordinated debt
$0All other liabilities
$943Total equity capital
$943Total bank equity capital
$9,906Perpetual preferred stock
$0Common stock
$10Surplus
$4,243Undivided profits
Memoranda
$5,653Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$325Income earned, not collected on loans
$635Earning assets
$126,459Long-term assets (5+ years)
$17,864Average Assets, year-to-date
$128,439Average Assets, quarterly
$131,771Volatile liabilities
$26,703Insider loans
$1,722FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$17,098Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$10,161Total risk weighted assets
$97,645Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$9,279Total interest expense
$3,702Net interest income
$5,577Provision for loan and lease losses
$266Total noninterest income
$1,071Fiduciary activities
$0Service charges on deposit accounts
$678Trading account gains & fees
$0Additional noninterest income
$393Total noninterest expense
$3,927Salaries and employee benefits
$1,830Premises and equipment expense
$398Additional noninterest expense
$1,699Pre-tax net operating income
$2,455Securities gains (losses)
$0Applicable income taxes
$845Income before extraordinary items
$1,610Extraordinary gains - net
$0Net income attributable to bank
$1,610Net charge-offs
$121Cash dividends
$1,852Sale, conversion, retirement of capital stock, net
$3,972Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.71%Cost of funding earning assets
3.08%Net interest margin
4.63%Noninterest income to earning assets
0.89%Noninterest expense to earning assets
3.26%Net operating income to assets
1.25%Return on assets (ROA)
1.25%Pretax return on assets
1.91%Return on equity (ROE)
15.35%Retained earnings to average equity (YTD only)
-2.31%Net charge-offs to loans
0.13%Credit loss provision to net charge-offs
219.83%Efficiency ratio
59,070Assets per employee
2.33%Cash dividends to net income (YTD only)
Condition Ratios (%)
115.03%Loss allowance to loans
1.35%Loss allowance to noncurrent loans
424.00%Noncurrent assets plus other real estate owned to assets
0.24%Noncurrent loans to loans
0.32%Net loans and leases to deposits
87.64%Net loans and leases to core deposits
103.03%Equity capital to assets
7.33%Core capital (leverage) ratio
7.76%Tier 1 risk-based capital ratio
10.41%Total risk-based capital ratio
Memoranda
$12Average assets
$128,439Average earning assets
$10,488Average equity
$120,358Average loans

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