Sweet Water State Bank in Sweet Water, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Sweet Water State Bank - Overview

  • General
  • FDIC Certificate #: 9615
    Status: Active
    Federal Reserve ID: 253730
    Bank Holding Company (Regulatory Top Holder): Tombigbee Bancshares, Inc. (RSSDID: 3346745, Location: Sweet Water, AL)
    Date Established: January 01, 1913
    WWW: http://www.sweetwaterstbk.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)
    OTS Docket #: 15506
    FDIC's unique #: 6143
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 31385 Alabama Highway 10, Sweet Water, AL 36782
    County: Marengo
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Montgomery
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $88.6 mil
    Equity capital: $8.1 mil
    Deposits held in domestic offices: $77.3 mil
    Return on assets (ROA): 1.10% ($1.0 mil)
    Quarterly return on assets: 1.14% ($1.0 mil)
    Return on Equity (ROE): 11.87% ($0.9 mil)
    Quarterly return on equity: 12.21% ($1.0 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.10% ($974.5 mil)
    Quarterly Pretax return on assets: 1.14% ($1,010.0 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, 2011)

  • Dollar figures in thousands
  • 34Total employees (full-time equivalent)
  • $88,593Total assets
  • $5,425Cash and due from depository institutions
  • $516Interest-bearing balances
  • $9,226Securities
  • $2,225Federal funds sold & reverse repurchase agreements
  • $63,989Net loans & leases
  • $754Loan loss allowance
  • $0Trading account assets
  • $4,046Bank premises and fixed assets
  • $354Other real estate owned
  • $0Goodwill and other intangibles
  • $88,593Life insurance assets
  • $3,328All other assets
  • $80,461Total liabilities and capital
  • $77,260Total liabilities
  • $65,125Total deposits
  • $77,260Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $201Subordinated debt
  • $8,132All other liabilities
  • $8,132Total equity capital
  • $8,132Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $6,200Surplus
  • $1,632Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $463Income earned, not collected on loans
  • $0Earning assets
  • $854Long-term assets (5+ years)
  • $75,956Average Assets, year-to-date
  • $8,315Average Assets, quarterly
  • $84,380Volatile liabilities
  • $87,008Insider loans
  • $70,482FHLB advances
  • $83,295Loans and leases held for sale
  • $2,029Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,679Tier 2 risk-based capital
  • $2,029Total risk weighted assets
  • $0Total unused commitments
  • $9,204Restructured Loans and leases
  • $2,068Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,663Total interest income
  • $685Total interest expense
  • $3,978Net interest income
  • $350Provision for loan and lease losses
  • $754Total noninterest income
  • $0Fiduciary activities
  • $582Service charges on deposit accounts
  • $0Trading account gains & fees
  • $172Additional noninterest income
  • $3,452Total noninterest expense
  • $1,746Salaries and employee benefits
  • $401Premises and equipment expense
  • $1,305Additional noninterest expense
  • $930Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $930Income before extraordinary items
  • $0Extraordinary gains - net
  • $930Net income attributable to bank
  • $0Net charge-offs
  • $930Cash dividends
  • $240Sale, conversion, retirement of capital stock, net
  • $604Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.32%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 5.39%Net interest margin
  • 1.02%Noninterest income to earning assets
  • 4.68%Noninterest expense to earning assets
  • 1.10%Net operating income to assets
  • 1.10%Return on assets (ROA)
  • 1.10%Pretax return on assets
  • 11.87%Return on equity (ROE)
  • 4.16%Retained earnings to average equity (YTD only)
  • 0.38%Net charge-offs to loans
  • 145.83%Credit loss provision to net charge-offs
  • 5.33%Efficiency ratio
  • 72,950Assets per employee
  • 2.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 64.95%Loss allowance to loans
  • 1.16%Loss allowance to noncurrent loans
  • 162.85%Noncurrent assets plus other real estate owned to assets
  • 0.92%Noncurrent loans to loans
  • 0.72%Net loans and leases to deposits
  • 82.82%Net loans and leases to core deposits
  • 90.22%Equity capital to assets
  • 9.18%Core capital (leverage) ratio
  • 9.22%Tier 1 risk-based capital ratio
  • 10.89%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $84,380Average earning assets
  • $7,835Average equity
  • $73,784Average loans

List of branches

  • 4 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06143Sweet Water State Bank31385 Alabama Highway 10, Sweet Water, AL 36782January 01, 1913Full Service Brick and Mortar
    1220693Linden Branch206 South Main Street, Linden, AL 36748November 01, 1985Full Service Brick and Mortar
    2220694Thomasville Branch33821 Highway 43, Thomasville, AL 36784August 27, 1997Full Service Brick and Mortar
    3490674Demopolis Branch1202 Osgood Loop, Demopolis, AL 36732April 06, 2009Full Service Brick and Mortar

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