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

This bank is inactive as of July 08, 1994

  • The First Bank of Fayette in Fayette, Alabama (AL)
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The First Bank of Fayette - Overview

  • General
  • FDIC Certificate #: 2796
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Regions Bank (#12368)
    Federal Reserve ID: 378334
    Date Established: August 06, 1900
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    FDIC's unique #: 1825
    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: July 08, 1994
    Last Structure Change Process Date: August 09, 1994
    Last Data Update: August 09, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street, Fayette, AL 35555
    County: Fayette
    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
  • Financial Summary
  • Total assets: $77.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $29Total assets
  • $74,161Cash and due from depository institutions
  • $1,951Interest-bearing balances
  • $0Securities
  • $46,807Federal funds sold & reverse repurchase agreements
  • $11,275Net loans & leases
  • $13,216Loan loss allowance
  • $167Trading account assets
  • $0Bank premises and fixed assets
  • $190Other real estate owned
  • $0Goodwill and other intangibles
  • $722Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $74,161Total liabilities
  • $59,534Total deposits
  • $58,965Interest-bearing deposits
  • $52,048Deposits held in domestic offices
  • 58965.00%% insured (estimated)
  • $88Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $569Total equity capital
  • $569Total bank equity capital
  • $14,627Perpetual preferred stock
  • $0Common stock
  • $50Surplus
  • $500Undivided profits
  • Memoranda
  • $14,077Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $104Income earned, not collected on loans
  • $78Earning assets
  • $71,298Long-term assets (5+ years)
  • $12,820Average Assets, year-to-date
  • $72,899Average Assets, quarterly
  • $73,900Volatile liabilities
  • $10,744Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,300Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $14,627Total risk weighted assets
  • $22,361Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,854Total interest expense
  • $1,811Net interest income
  • $3,043Provision for loan and lease losses
  • $40Total noninterest income
  • $279Fiduciary activities
  • $0Service charges on deposit accounts
  • $212Trading account gains & fees
  • $0Additional noninterest income
  • $67Total noninterest expense
  • $1,351Salaries and employee benefits
  • $719Premises and equipment expense
  • $145Additional noninterest expense
  • $487Pre-tax net operating income
  • $1,931Securities gains (losses)
  • $66Applicable income taxes
  • $695Income before extraordinary items
  • $1,302Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,302Net charge-offs
  • $35Cash dividends
  • $349Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.99%Cost of funding earning assets
  • 2.61%Net interest margin
  • 4.38%Noninterest income to earning assets
  • 0.40%Noninterest expense to earning assets
  • 1.95%Net operating income to assets
  • 1.73%Return on assets (ROA)
  • 1.79%Pretax return on assets
  • 2.74%Return on equity (ROE)
  • 9.18%Retained earnings to average equity (YTD only)
  • 6.72%Net charge-offs to loans
  • 0.26%Credit loss provision to net charge-offs
  • 114.29%Efficiency ratio
  • 40,668Assets per employee
  • 2.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.80%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 160.58%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.78%Net loans and leases to deposits
  • 22.41%Net loans and leases to core deposits
  • 27.41%Equity capital to assets
  • 19.72%Core capital (leverage) ratio
  • 19.46%Tier 1 risk-based capital ratio
  • 65.41%Total risk-based capital ratio
  • Memoranda
  • $66Average assets
  • $72,899Average earning assets
  • $14,188Average equity
  • $69,407Average loans

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