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

This bank is inactive as of December 31, 1998

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

  • General
  • FDIC Certificate #: 2819
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: BancorpSouth Bank (#11813)
    Federal Reserve ID: 426431
    Date Established: January 16, 1886
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    OTS Docket #: 10551
    FDIC's unique #: 1841
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 31, 1998
    Last Structure Change Process Date: Febuary 05, 1999
    Last Data Update: Febuary 05, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 414 South Seventh Street, Opelika, AL 36803
    County: Lee
    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): Auburn-Opelika, AL (#580)
    Combined Statistical Area (CSA): Columbus-Auburn-Opelika, GA-AL (#194)
    Core Based Statistical Area (CBSA): Auburn-Opelika, AL (#12220)
    CBSA Metro Statistical Area: Auburn-Opelika, AL (#12220)
  • Financial Summary
  • Total assets: $143.4 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
  • 61Total employees (full-time equivalent)
  • $145,474Total assets
  • $5,117Cash and due from depository institutions
  • $16Interest-bearing balances
  • $48,569Securities
  • $4,010Federal funds sold & reverse repurchase agreements
  • $80,879Net loans & leases
  • $1,153Loan loss allowance
  • $0Trading account assets
  • $4,596Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,303All other assets
  • $145,474Total liabilities and capital
  • $130,928Total liabilities
  • $124,386Total deposits
  • $111,943Interest-bearing deposits
  • $124,386Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $5,500Other borrowed funds
  • $0Subordinated debt
  • $1,042All other liabilities
  • $14,546Total equity capital
  • $14,546Total bank equity capital
  • $14,546Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $533Undivided profits
  • Memoranda
  • $13,913Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $143Earning assets
  • $0Long-term assets (5+ years)
  • $564Average Assets, year-to-date
  • $133,474Average Assets, quarterly
  • $40,324Volatile liabilities
  • $140,111Insider loans
  • $142,503FHLB advances
  • $21,645Loans and leases held for sale
  • $4,343Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $8,991Total unused commitments
  • $0Restructured Loans and leases
  • $91,751Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $10,378Total interest income
  • $5,501Total interest expense
  • $4,877Net interest income
  • $195Provision for loan and lease losses
  • $575Total noninterest income
  • $0Fiduciary activities
  • $398Service charges on deposit accounts
  • $0Trading account gains & fees
  • $177Additional noninterest income
  • $3,527Total noninterest expense
  • $1,953Salaries and employee benefits
  • $603Premises and equipment expense
  • $971Additional noninterest expense
  • $1,730Pre-tax net operating income
  • $12Securities gains (losses)
  • $419Applicable income taxes
  • $1,323Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,323Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $128Sale, conversion, retirement of capital stock, net
  • $386Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.00%Yield on earning assets
  • 4.24%Cost of funding earning assets
  • 3.76%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 2.72%Noninterest expense to earning assets
  • 0.94%Net operating income to assets
  • 0.94%Return on assets (ROA)
  • 1.24%Pretax return on assets
  • 9.51%Return on equity (ROE)
  • 6.74%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 152.34%Credit loss provision to net charge-offs
  • 15.04%Efficiency ratio
  • 64,692Assets per employee
  • 2.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 29.18%Loss allowance to loans
  • 1.41%Loss allowance to noncurrent loans
  • 806.29%Noncurrent assets plus other real estate owned to assets
  • 0.10%Noncurrent loans to loans
  • 0.17%Net loans and leases to deposits
  • 65.02%Net loans and leases to core deposits
  • 78.34%Equity capital to assets
  • 10.00%Core capital (leverage) ratio
  • 10.29%Tier 1 risk-based capital ratio
  • 15.57%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $140,111Average earning assets
  • $13,907Average equity
  • $129,749Average loans

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