FDIC Certificate #: 17750 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Superior Bank, National Association (#59026) Federal Reserve ID: 358635 Date Established: May 31, 1957 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 18010 FDIC's unique #: 11705 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: May 31, 1957 Last Structure Change Effective Date: April 15, 2011 Last Structure Change Process Date: April 18, 2011 Last Data Update: April 18, 2011 Data Source Date: April 05, 2012
Location
Address: 17 20th Street North, Birmingham, AL 35203 County: Jefferson Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Tampa 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: $2,977.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)
Dollar figures in thousands
824Total employees (full-time equivalent)
$3,040,742Total assets
$274,197Cash and due from depository institutions
$204,294Interest-bearing balances
$230,399Securities
$2,916Federal funds sold & reverse repurchase agreements
$2,237,237Net loans & leases
$59,959Loan loss allowance
$0Trading account assets
$102,177Bank premises and fixed assets
$77,813Other real estate owned
$12,798Goodwill and other intangibles
$51,584Life insurance assets
$103,205All other assets
$3,040,742Total liabilities and capital
$2,991,506Total liabilities
$2,707,409Total deposits
$2,438,111Interest-bearing deposits
$2,707,409Deposits held in domestic offices
90.08%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$256,017Other borrowed funds
$7,768Subordinated debt
$20,312All other liabilities
$49,236Total equity capital
$49,236Total bank equity capital
$49,236Perpetual preferred stock
$0Common stock
$127Surplus
$413,253Undivided profits
Memoranda
$-364,144Noncurrent loans and leases
$266,084Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$266,199Earning assets
$0Long-term assets (5+ years)
$13,049Average Assets, year-to-date
$2,674,846Average Assets, quarterly
$0Volatile liabilities
$3,224,314Insider loans
$3,101,834FHLB advances
$1,014,206Loans and leases held for sale
$46,047Unused loan commitments
$213,325Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$180,956Total unused commitments
$120,715Restructured Loans and leases
$40,115Derivatives
Income and Expense (December 31, 2010)
Dollar figures in thousands
$152,450Total interest income
$54,035Total interest expense
$98,415Net interest income
$199,884Provision for loan and lease losses
$15,750Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
-$39Trading account gains & fees
$15,789Additional noninterest income
$114,984Total noninterest expense
$56,227Salaries and employee benefits
$18,722Premises and equipment expense
$40,035Additional noninterest expense
-$200,703Pre-tax net operating income
$576Securities gains (losses)
$32,065Applicable income taxes
-$232,192Income before extraordinary items
$0Extraordinary gains - net
-$232,192Net income attributable to bank
$0Net charge-offs
-$232,192Cash dividends
$167,421Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2010)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.33%Yield on earning assets
1.89%Cost of funding earning assets
3.44%Net interest margin
0.55%Noninterest income to earning assets
4.02%Noninterest expense to earning assets
-7.22%Net operating income to assets
-7.20%Return on assets (ROA)
-6.21%Pretax return on assets
-127.25%Return on equity (ROE)
-127.25%Retained earnings to average equity (YTD only)
6.80%Net charge-offs to loans
119.39%Credit loss provision to net charge-offs
-0.00%Efficiency ratio
97,305Assets per employee
3.69%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.61%Loss allowance to noncurrent loans
22.52%Noncurrent assets plus other real estate owned to assets
11.31%Noncurrent loans to loans
11.59%Net loans and leases to deposits
82.63%Net loans and leases to core deposits
114.78%Equity capital to assets
1.62%Core capital (leverage) ratio
1.41%Tier 1 risk-based capital ratio
1.80%Total risk-based capital ratio
Memoranda
$3Average assets
$3,224,314Average earning assets
$182,467Average equity
$2,858,913Average loans
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