The Peoples Bank of Red Level in Red Level, Alabama (AL)



Show street view No street view available for this location

The Peoples Bank of Red Level routing number info

Table of contents:
The Peoples Bank of Red Level
GeneralFDIC Certificate #: 9614
Status: Active
Federal Reserve ID: 470434
Bank Holding Company (Regulatory Top Holder): Red Level Financial Corporation (RSSDID: 2944706, Location: Red Level, AL)
Date Established: August 01, 1914
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 6142
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: Other Specialized Lending < 1 Billion
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: June 07, 2010
Last Data Update: June 07, 2010
Data Source Date: April 05, 2012
LocationAddress: 29607 Main Street, Red Level, AL 36474
County: Covington
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Pensacola
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $15.1 mil
Equity capital: $1.9 mil
Deposits held in domestic offices: $13.2 mil
Return on assets (ROA): 0.67% ($0.1 mil)
Quarterly return on assets: -0.23% (-$0.0 mil)
Return on Equity (ROE): 5.62% ($0.1 mil)
Quarterly return on equity: -1.90% (-$0.0 mil)
Net income: $0.1 mil
Quarterly Net income: -$0.0 mil
Pretax return on assets: 0.83% ($125.6 mil)
Quarterly Pretax return on assets: -0.31% (-$46.9 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)
Total employees (full-time equivalent)6
Total assets$15,133
Cash and due from depository institutions$1,250
Interest-bearing balances$0
Securities$8,360
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$5,300
Loan loss allowance $83
Trading account assets$0
Bank premises and fixed assets$22
Other real estate owned$60
Goodwill and other intangibles$0
All other assets$141
Life insurance assets$15,133
Total liabilities and capital$13,251
Total liabilities$13,212
Total deposits$10,014
Interest-bearing deposits$13,212
Deposits held in domestic offices$100
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $39
All other liabilities $1,882
Total equity capital$1,882
Total bank equity capital$1,882
Perpetual preferred stock$0
Common stock$50
Surplus$100
Undivided profits $1,732
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $112
Earning assets $0
Long-term assets (5+ years) $83
Average Assets, year-to-date $13,660
Average Assets, quarterly $3,343
Volatile liabilities $15,430
Insider loans $15,637
FHLB advances $7,525
Loans and leases held for sale $15,765
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $1,875
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $248
Derivatives$0
Back to page top, Back to table top

Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $709
Total interest expense $72
Net interest income $637
Provision for loan and lease losses $35
Total noninterest income $104
Fiduciary activities $0
Service charges on deposit accounts $92
Trading account gains & fees $0
Additional noninterest income $12
Total noninterest expense $578
Salaries and employee benefits $295
Premises and equipment expense $67
Additional noninterest expense $216
Pre-tax net operating income $128
Securities gains (losses) $0
Applicable income taxes $25
Income before extraordinary items $103
Extraordinary gains - net $0
Net income attributable to bank $103
Net charge-offs $0
Cash dividends $103
Sale, conversion, retirement of capital stock, net $46
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.08%
Cost of funding earning assets 0.52%
Net interest margin 4.56%
Noninterest income to earning assets 0.74%
Noninterest expense to earning assets 4.14%
Net operating income to assets 0.67%
Return on assets (ROA) 0.67%
Pretax return on assets 0.83%
Return on equity (ROE) 5.62%
Retained earnings to average equity (YTD only) 5.62%
Net charge-offs to loans 0.89%
Credit loss provision to net charge-offs 76.09%
Efficiency ratio3.54%
Assets per employee$78,003
Cash dividends to net income (YTD only)2.52%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.54%
Noncurrent assets plus other real estate owned to assets 74.11%
Noncurrent loans to loans 1.14%
Net loans and leases to deposits2.08%
Net loans and leases to core deposits 40.12%
Equity capital to assets 41.72%
Core capital (leverage) ratio 12.44%
Tier 1 risk-based capital ratio 11.89%
Total risk-based capital ratio 24.92%
Memoranda
Average assets$26
Average earning assets$15,430
Average equity $1,831
Average loans $13,962
Back to page top, Back to table top

1 Alabama Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
06142The Peoples Bank Of Red Level29607 Main Street, Red Level, AL 36474August 01, 1914Full Service Brick and Mortar
Back to page top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Peoples Bank of Red Level.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.