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

This bank is inactive as of May 30, 1997

The First National Bank of Union Springs in Union Springs, Alabama (AL)
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The First National Bank of Union Springs - Overview

General
FDIC Certificate #: 2837
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Amerifirst Bank (#2838)
Federal Reserve ID: 357731
Date Established: December 20, 1904
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
OTS Docket #: 13980
FDIC's unique #: 1858
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: May 30, 1997
Last Structure Change Process Date: June 13, 1997
Last Data Update: June 13, 1997
Data Source Date: April 05, 2012
Location
Address: 212 1/2 - 214 Prairie Street, Union Springs, AL 36089
County: Bullock
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
Financial Summary
Total assets: $42.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$18Total assets
$43,800Cash and due from depository institutions
$2,530Interest-bearing balances
$300Securities
$17,617Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$22,318Loan loss allowance
$286Trading account assets
$0Bank premises and fixed assets
$584Other real estate owned
$23Goodwill and other intangibles
$728Life insurance assets
$0All other assets
$0Total liabilities and capital
$43,800Total liabilities
$40,369Total deposits
$39,001Interest-bearing deposits
$34,964Deposits held in domestic offices
39001.00%% insured (estimated)
$82Federal funds purchased & repurchase agreements
$1,080Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$288Total equity capital
$288Total bank equity capital
$3,431Perpetual preferred stock
$0Common stock
$100Surplus
$200Undivided profits
Memoranda
$3,131Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$170Income earned, not collected on loans
$181Earning assets
$40,235Long-term assets (5+ years)
$14,634Average Assets, year-to-date
$44,824Average Assets, quarterly
$44,146Volatile liabilities
$8,786Insider loans
$706FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,199Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,562Total risk weighted assets
$26,151Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$3,261Total interest expense
$1,735Net interest income
$1,526Provision for loan and lease losses
$138Total noninterest income
$312Fiduciary activities
$0Service charges on deposit accounts
$208Trading account gains & fees
$0Additional noninterest income
$104Total noninterest expense
$1,365Salaries and employee benefits
$664Premises and equipment expense
$163Additional noninterest expense
$538Pre-tax net operating income
$335Securities gains (losses)
-$19Applicable income taxes
$70Income before extraordinary items
$246Extraordinary gains - net
$0Net income attributable to bank
$246Net charge-offs
$87Cash dividends
$100Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.89%Cost of funding earning assets
4.20%Net interest margin
3.69%Noninterest income to earning assets
0.75%Noninterest expense to earning assets
3.30%Net operating income to assets
0.58%Return on assets (ROA)
0.55%Pretax return on assets
0.70%Return on equity (ROE)
7.61%Retained earnings to average equity (YTD only)
4.52%Net charge-offs to loans
0.39%Credit loss provision to net charge-offs
158.62%Efficiency ratio
74,266Assets per employee
2.43%Cash dividends to net income (YTD only)
Condition Ratios (%)
40.65%Loss allowance to loans
1.27%Loss allowance to noncurrent loans
168.24%Noncurrent assets plus other real estate owned to assets
0.44%Noncurrent loans to loans
0.75%Net loans and leases to deposits
57.22%Net loans and leases to core deposits
71.31%Equity capital to assets
7.83%Core capital (leverage) ratio
8.28%Tier 1 risk-based capital ratio
13.62%Total risk-based capital ratio
Memoranda
$15Average assets
$44,824Average earning assets
$3,231Average equity
$41,325Average loans

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