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

The First National Bank of Brundidge - Overview

  • General
  • FDIC Certificate #: 2786
    Status: Active
    Federal Reserve ID: 465337
    Bank Holding Company (Regulatory Top Holder): First Brundidge Bancshares, Inc. (RSSDID: 1245684, Location: Brundidge, AL)
    Date Established: October 04, 1904
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 1817
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    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: 137 South Main Street, Brundidge, AL 36010
    County: Pike
    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
    Core Based Statistical Area (CBSA): Troy, AL (#45980)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $99.4 mil
    Equity capital: $12.2 mil
    Deposits held in domestic offices: $83.1 mil
    Return on assets (ROA): 0.59% ($0.6 mil)
    Quarterly return on assets: 0.36% ($0.4 mil)
    Return on Equity (ROE): 5.11% ($0.6 mil)
    Quarterly return on equity: 2.98% ($0.4 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.58% ($576.8 mil)
    Quarterly Pretax return on assets: 0.70% ($696.1 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
  • 27Total employees (full-time equivalent)
  • $99,448Total assets
  • $8,023Cash and due from depository institutions
  • $3,065Interest-bearing balances
  • $42,416Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $43,011Net loans & leases
  • $747Loan loss allowance
  • $0Trading account assets
  • $1,202Bank premises and fixed assets
  • $246Other real estate owned
  • $0Goodwill and other intangibles
  • $99,449Life insurance assets
  • $4,550All other assets
  • $87,240Total liabilities and capital
  • $83,095Total liabilities
  • $74,104Total deposits
  • $83,095Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $1,145Subordinated debt
  • $12,209All other liabilities
  • $12,209Total equity capital
  • $12,209Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $450Surplus
  • $11,709Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $829Income earned, not collected on loans
  • $21Earning assets
  • $693Long-term assets (5+ years)
  • $88,492Average Assets, year-to-date
  • $42,519Average Assets, quarterly
  • $100,731Volatile liabilities
  • $99,822Insider loans
  • $50,759FHLB advances
  • $99,331Loans and leases held for sale
  • $2,027Unused loan commitments
  • $862Tier 1 (core) risk-based capital
  • $11,780Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,165Total unused commitments
  • $3,800Restructured Loans and leases
  • $1,278Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,699Total interest income
  • $1,284Total interest expense
  • $3,415Net interest income
  • $575Provision for loan and lease losses
  • $724Total noninterest income
  • $0Fiduciary activities
  • $567Service charges on deposit accounts
  • $0Trading account gains & fees
  • $157Additional noninterest income
  • $3,177Total noninterest expense
  • $1,646Salaries and employee benefits
  • $344Premises and equipment expense
  • $1,187Additional noninterest expense
  • $387Pre-tax net operating income
  • $195Securities gains (losses)
  • -$8Applicable income taxes
  • $590Income before extraordinary items
  • $0Extraordinary gains - net
  • $590Net income attributable to bank
  • $0Net charge-offs
  • $590Cash dividends
  • $465Sale, conversion, retirement of capital stock, net
  • $189Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.25%Yield on earning assets
  • 1.44%Cost of funding earning assets
  • 3.82%Net interest margin
  • 0.81%Noninterest income to earning assets
  • 3.55%Noninterest expense to earning assets
  • 0.39%Net operating income to assets
  • 0.59%Return on assets (ROA)
  • 0.58%Pretax return on assets
  • 5.11%Return on equity (ROE)
  • 3.48%Retained earnings to average equity (YTD only)
  • 1.00%Net charge-offs to loans
  • 123.66%Credit loss provision to net charge-offs
  • 2.07%Efficiency ratio
  • 76,758Assets per employee
  • 3.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 32.03%Loss allowance to loans
  • 1.71%Loss allowance to noncurrent loans
  • 90.11%Noncurrent assets plus other real estate owned to assets
  • 1.08%Noncurrent loans to loans
  • 1.89%Net loans and leases to deposits
  • 51.76%Net loans and leases to core deposits
  • 58.50%Equity capital to assets
  • 12.28%Core capital (leverage) ratio
  • 11.86%Tier 1 risk-based capital ratio
  • 23.21%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $100,731Average earning assets
  • $11,537Average equity
  • $89,431Average loans

List of branches

  • 2 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01817The First National Bank Of Brundidge137 South Main Street, Brundidge, AL 36010October 04, 1904Full Service Brick and Mortar
    1365713Park Street Branch615 Park Street, Troy, AL 36081December 18, 2002Full Service Brick and Mortar

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