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

The Exchange Bank of Alabama - Overview

  • General
  • FDIC Certificate #: 54
    Status: Active
    Federal Reserve ID: 672537
    Bank Holding Company (Regulatory Top Holder): Gadsden Corporation, The (RSSDID: 1079067, Location: Altoona, AL)
    Date Established: March 10, 1909
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 9285
    FDIC's unique #: 35
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: Febuary 24, 2011
    Last Structure Change Process Date: Febuary 24, 2011
    Last Data Update: Febuary 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: Sixth And Blount Streets, Altoona, AL 35952
    County: Etowah
    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): Gadsden, AL (#2880)
    Core Based Statistical Area (CBSA): Gadsden, AL (#23460)
    CBSA Metro Statistical Area: Gadsden, AL (#23460)
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $230.7 mil
    Equity capital: $25.1 mil
    Deposits held in domestic offices: $202.5 mil
    Return on assets (ROA): -0.47% (-$1.1 mil)
    Quarterly return on assets: -0.33% (-$0.8 mil)
    Return on Equity (ROE): -4.46% (-$1.1 mil)
    Quarterly return on equity: -3.06% (-$0.8 mil)
    Net income: -$1.1 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: -0.45% (-$1,038.0 mil)
    Quarterly Pretax return on assets: -0.31% (-$715.1 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, 2011)

  • Dollar figures in thousands
  • 75Total employees (full-time equivalent)
  • $230,664Total assets
  • $11,492Cash and due from depository institutions
  • $419Interest-bearing balances
  • $45,576Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $155,715Net loans & leases
  • $2,134Loan loss allowance
  • $0Trading account assets
  • $4,561Bank premises and fixed assets
  • $8,700Other real estate owned
  • $0Goodwill and other intangibles
  • $230,664Life insurance assets
  • $4,620All other assets
  • $205,524Total liabilities and capital
  • $202,498Total liabilities
  • $162,992Total deposits
  • $202,498Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 2500.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $526Subordinated debt
  • $25,140All other liabilities
  • $25,140Total equity capital
  • $25,140Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $6,410Surplus
  • $18,729Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,549Income earned, not collected on loans
  • $0Earning assets
  • $813Long-term assets (5+ years)
  • $201,710Average Assets, year-to-date
  • $93,703Average Assets, quarterly
  • $238,754Volatile liabilities
  • $234,947Insider loans
  • $176,093FHLB advances
  • $235,016Loans and leases held for sale
  • $722Unused loan commitments
  • $722Tier 1 (core) risk-based capital
  • $24,887Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $21,136Restructured Loans and leases
  • $1,382Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,913Total interest income
  • $1,673Total interest expense
  • $9,240Net interest income
  • $3,728Provision for loan and lease losses
  • $1,839Total noninterest income
  • $0Fiduciary activities
  • $1,090Service charges on deposit accounts
  • $0Trading account gains & fees
  • $749Additional noninterest income
  • $8,469Total noninterest expense
  • $3,796Salaries and employee benefits
  • $1,204Premises and equipment expense
  • $3,469Additional noninterest expense
  • -$1,118Pre-tax net operating income
  • $33Securities gains (losses)
  • $36Applicable income taxes
  • -$1,121Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,121Net income attributable to bank
  • $0Net charge-offs
  • -$1,121Cash dividends
  • $3,601Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.35%Yield on earning assets
  • 0.82%Cost of funding earning assets
  • 4.53%Net interest margin
  • 0.90%Noninterest income to earning assets
  • 4.15%Noninterest expense to earning assets
  • -0.48%Net operating income to assets
  • -0.47%Return on assets (ROA)
  • -0.45%Pretax return on assets
  • -4.46%Return on equity (ROE)
  • -4.46%Retained earnings to average equity (YTD only)
  • 2.22%Net charge-offs to loans
  • 103.53%Credit loss provision to net charge-offs
  • 0.72%Efficiency ratio
  • 76,442Assets per employee
  • 3.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.35%Loss allowance to noncurrent loans
  • 60.13%Noncurrent assets plus other real estate owned to assets
  • 5.32%Noncurrent loans to loans
  • 2.25%Net loans and leases to deposits
  • 76.90%Net loans and leases to core deposits
  • 83.42%Equity capital to assets
  • 10.90%Core capital (leverage) ratio
  • 10.59%Tier 1 risk-based capital ratio
  • 14.13%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $238,754Average earning assets
  • $25,143Average equity
  • $204,101Average loans

List of branches

  • 5 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    035The Exchange Bank Of AlabamaSixth And Blount Streets, Altoona, AL 35952March 10, 1909Full Service Brick and Mortar
    120Attalla Branch923 Attalla Boulevard, Attalla, AL 35954March 20, 1913Full Service Brick and Mortar
    2180892Gadsden Branch230 North Third Street, Gadsden, AL 35903March 03, 1980Full Service Brick and Mortar
    3180893Rainbow City Branch3000 Rainbow Drive, Rainbow City, AL 35901September 28, 1987Full Service Brick and Mortar
    5180927Noccalula Village Branch1321a Noccalula Road, Gadsden, AL 35904December 07, 1996Full Service Brick and Mortar

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