The Bank of Tallassee in Tallassee, Alabama (AL)



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The Bank of Tallassee
GeneralFDIC Certificate #: 1743
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Peoples Bank & Trust Company (#860)
Federal Reserve ID: 350938
Date Established: January 01, 1913
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
FDIC's unique #: 1155
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: January 01, 1934
Last Structure Change Effective Date: August 21, 1998
Last Structure Change Process Date: October 05, 1998
Last Data Update: October 05, 1998
Data Source Date: April 05, 2012
LocationAddress: 304 Barnett Boulevard, Tallassee, AL 36078
County: Elmore
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
Metropolitan Statistical Area (MSA): Montgomery, AL (#5240)
Combined Statistical Area (CSA): Montgomery-Alexander City, AL (#388)
Core Based Statistical Area (CBSA): Montgomery, AL (#33860)
CBSA Metro Statistical Area: Montgomery, AL (#33860)
Financial SummaryTotal assets: $90.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)
(Dollar figures in thousands)
Total employees (full-time equivalent)53
Total assets$91,685
Cash and due from depository institutions$2,339
Interest-bearing balances$0
Securities$37,536
Federal funds sold & reverse repurchase agreements$2,800
Net loans & leases$45,912
Loan loss allowance $682
Trading account assets$0
Bank premises and fixed assets$644
Other real estate owned$155
Goodwill and other intangibles$0
All other assets$2,299
Life insurance assets$0
Total liabilities and capital$91,685
Total liabilities$77,692
Total deposits$76,512
Interest-bearing deposits$63,374
Deposits held in domestic offices$76,512
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $500
Subordinated debt $0
All other liabilities $680
Total equity capital$13,993
Total bank equity capital$13,993
Perpetual preferred stock$13,993
Common stock$0
Surplus$42
Undivided profits $1,278
Memoranda
Noncurrent loans and leases $12,673
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $107
Long-term assets (5+ years) $0
Average Assets, year-to-date $502
Average Assets, quarterly $86,248
Volatile liabilities $10,385
Insider loans $90,242
FHLB advances $91,396
Loans and leases held for sale $10,685
Unused loan commitments $1,169
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $4,543
Restructured Loans and leases $0
Derivatives$50,959
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Income and Expense (December 31, 1997)
(Dollar figures in thousands)
Total interest income $7,098
Total interest expense $2,820
Net interest income $4,278
Provision for loan and lease losses $134
Total noninterest income $1,156
Fiduciary activities $0
Service charges on deposit accounts $816
Trading account gains & fees $0
Additional noninterest income $340
Total noninterest expense $3,250
Salaries and employee benefits $1,889
Premises and equipment expense $355
Additional noninterest expense $996
Pre-tax net operating income $2,050
Securities gains (losses) $11
Applicable income taxes $454
Income before extraordinary items $1,607
Extraordinary gains - net $0
Net income attributable to bank $1,607
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $134
Net operating income $225
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Performance and Condition Ratios (December 31, 1997)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.43%
Cost of funding earning assets 3.35%
Net interest margin 5.08%
Noninterest income to earning assets 1.37%
Noninterest expense to earning assets 3.86%
Net operating income to assets 1.77%
Return on assets (ROA) 1.78%
Pretax return on assets 2.28%
Return on equity (ROE) 12.04%
Retained earnings to average equity (YTD only) 10.35%
Net charge-offs to loans 0.31%
Credit loss provision to net charge-offs 100.00%
Efficiency ratio16.30%
Assets per employee$59,625
Cash dividends to net income (YTD only)1.73%
Condition Ratios (%)
Loss allowance to loans 14.00%
Loss allowance to noncurrent loans 1.46%
Noncurrent assets plus other real estate owned to assets 637.38%
Noncurrent loans to loans 0.29%
Net loans and leases to deposits0.23%
Net loans and leases to core deposits 60.01%
Equity capital to assets 69.22%
Core capital (leverage) ratio 15.26%
Tier 1 risk-based capital ratio 15.18%
Total risk-based capital ratio 27.30%
Memoranda
Average assets$29
Average earning assets$90,242
Average equity $13,346
Average loans $84,149
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