The Bank of Tuscaloosa in Tuscaloosa, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 2010

  • The Bank of Tuscaloosa in Tuscaloosa, Alabama (AL)
  • Show street view No street view available for this location

The Bank of Tuscaloosa - Overview

  • General
  • FDIC Certificate #: 27209
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Synovus Bank (#873)
    Federal Reserve ID: 1187029
    Date Established: April 04, 1988
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    OTS Docket #: 14313
    FDIC's unique #: 39112
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 04, 1988
    Last Structure Change Effective Date: June 01, 2010
    Last Structure Change Process Date: June 14, 2010
    Last Data Update: June 14, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 2200 Jack Warner Parkway, Suite 100, Tuscaloosa, AL 35401
    County: Tuscaloosa
    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): Tuscaloosa, AL (#8600)
    Core Based Statistical Area (CBSA): Tuscaloosa, AL (#46220)
    CBSA Metro Statistical Area: Tuscaloosa, AL (#46220)
  • Financial Summary
  • Total assets: $529.1 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, 2009)

  • Dollar figures in thousands
  • 83Total employees (full-time equivalent)
  • $511,206Total assets
  • $8,888Cash and due from depository institutions
  • $15Interest-bearing balances
  • $56,044Securities
  • $14,346Federal funds sold & reverse repurchase agreements
  • $403,561Net loans & leases
  • $10,223Loan loss allowance
  • $0Trading account assets
  • $7,397Bank premises and fixed assets
  • $422Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $20,548All other assets
  • $511,206Total liabilities and capital
  • $470,285Total liabilities
  • $449,213Total deposits
  • $357,192Interest-bearing deposits
  • $449,213Deposits held in domestic offices
  • 78.41%% insured (estimated)
  • $19,547Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,525All other liabilities
  • $40,921Total equity capital
  • $40,921Total bank equity capital
  • $40,921Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $15,581Undivided profits
  • Memoranda
  • $25,339Noncurrent loans and leases
  • $60,358Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $9,180Earning assets
  • $0Long-term assets (5+ years)
  • $1,968Average Assets, year-to-date
  • $473,966Average Assets, quarterly
  • $39,569Volatile liabilities
  • $521,631Insider loans
  • $518,470FHLB advances
  • $147,305Loans and leases held for sale
  • $25,352Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $60,358Total unused commitments
  • $0Restructured Loans and leases
  • $5,344Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $24,576Total interest income
  • $6,348Total interest expense
  • $18,228Net interest income
  • $10,885Provision for loan and lease losses
  • $3,074Total noninterest income
  • $0Fiduciary activities
  • $2,731Service charges on deposit accounts
  • $0Trading account gains & fees
  • $343Additional noninterest income
  • $11,518Total noninterest expense
  • $4,950Salaries and employee benefits
  • $1,427Premises and equipment expense
  • $5,141Additional noninterest expense
  • -$1,101Pre-tax net operating income
  • $647Securities gains (losses)
  • -$220Applicable income taxes
  • -$234Income before extraordinary items
  • $0Extraordinary gains - net
  • -$234Net income attributable to bank
  • $0Net charge-offs
  • -$234Cash dividends
  • $9,997Sale, conversion, retirement of capital stock, net
  • $712Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.99%Yield on earning assets
  • 1.29%Cost of funding earning assets
  • 3.70%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 2.34%Noninterest expense to earning assets
  • -0.12%Net operating income to assets
  • -0.04%Return on assets (ROA)
  • -0.09%Pretax return on assets
  • -0.56%Return on equity (ROE)
  • -2.27%Retained earnings to average equity (YTD only)
  • 2.29%Net charge-offs to loans
  • 108.88%Credit loss provision to net charge-offs
  • 0.98%Efficiency ratio
  • 54,070Assets per employee
  • 6.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -304.27%Loss allowance to loans
  • 2.47%Loss allowance to noncurrent loans
  • 111.36%Noncurrent assets plus other real estate owned to assets
  • 1.88%Noncurrent loans to loans
  • 2.22%Net loans and leases to deposits
  • 89.84%Net loans and leases to core deposits
  • 125.54%Equity capital to assets
  • 8.00%Core capital (leverage) ratio
  • 7.78%Tier 1 risk-based capital ratio
  • 9.59%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $521,631Average earning assets
  • $41,724Average equity
  • $492,346Average loans

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Bank of Tuscaloosa.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents