Traditions Bank in Cullman, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches


Traditions Bank - Overview

  • General
  • FDIC Certificate #: 57554
    Status: Active
    Federal Reserve ID: 3194692
    Bank Holding Company (Regulatory Top Holder): Traditions Bancshares, Inc. (RSSDID: 3194683, Location: Cullman, AL)
    Date Established: August 04, 2003
    WWW: http://www.traditionsal.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: No)
    FDIC's unique #: 365489
    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: Commercial Lending Specialization
    Date of Deposit Insurance: August 04, 2003
    Last Structure Change Effective Date: Febuary 24, 2011
    Last Structure Change Process Date: March 20, 2012
    Last Data Update: March 20, 2012
    Data Source Date: April 05, 2012
  • Location
  • Address: 109 2nd Avenue N.W., Cullman, AL 35055
    County: Cullman
    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
    Combined Statistical Area (CSA): Birmingham-Hoover-Cullman, AL (#142)
    Core Based Statistical Area (CBSA): Cullman, AL (#18980)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $221.4 mil
    Equity capital: $20.4 mil
    Deposits held in domestic offices: $196.9 mil
    Return on assets (ROA): 0.61% ($1.3 mil)
    Quarterly return on assets: 0.78% ($1.7 mil)
    Return on Equity (ROE): 6.65% ($1.3 mil)
    Quarterly return on equity: 8.51% ($1.7 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.87% ($1,926.5 mil)
    Quarterly Pretax return on assets: 1.06% ($2,347.2 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
  • 67Total employees (full-time equivalent)
  • $221,437Total assets
  • $11,954Cash and due from depository institutions
  • $6,960Interest-bearing balances
  • $23,730Securities
  • $2,000Federal funds sold & reverse repurchase agreements
  • $162,753Net loans & leases
  • $2,688Loan loss allowance
  • $0Trading account assets
  • $15,578Bank premises and fixed assets
  • $2,873Other real estate owned
  • $0Goodwill and other intangibles
  • $221,437Life insurance assets
  • $2,549All other assets
  • $201,018Total liabilities and capital
  • $196,928Total liabilities
  • $174,657Total deposits
  • $196,928Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $4,090Subordinated debt
  • $20,419All other liabilities
  • $20,419Total equity capital
  • $20,419Total bank equity capital
  • $0Perpetual preferred stock
  • $9Common stock
  • $13,042Surplus
  • $7,368Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,848Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,173Income earned, not collected on loans
  • $0Earning assets
  • $1,009Long-term assets (5+ years)
  • $195,443Average Assets, year-to-date
  • $76,676Average Assets, quarterly
  • $215,677Volatile liabilities
  • $220,131Insider loans
  • $158,113FHLB advances
  • $221,570Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $20,284Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $18,921Restructured Loans and leases
  • $4,577Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,430Total interest income
  • $1,745Total interest expense
  • $10,685Net interest income
  • $2,296Provision for loan and lease losses
  • $2,419Total noninterest income
  • $0Fiduciary activities
  • $1,843Service charges on deposit accounts
  • $0Trading account gains & fees
  • $576Additional noninterest income
  • $8,980Total noninterest expense
  • $3,667Salaries and employee benefits
  • $1,544Premises and equipment expense
  • $3,769Additional noninterest expense
  • $1,828Pre-tax net operating income
  • $52Securities gains (losses)
  • $567Applicable income taxes
  • $1,313Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,313Net income attributable to bank
  • $0Net charge-offs
  • $1,313Cash dividends
  • $2,059Sale, conversion, retirement of capital stock, net
  • $500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.56%Yield on earning assets
  • 0.92%Cost of funding earning assets
  • 5.64%Net interest margin
  • 1.28%Noninterest income to earning assets
  • 4.74%Noninterest expense to earning assets
  • 0.59%Net operating income to assets
  • 0.61%Return on assets (ROA)
  • 0.87%Pretax return on assets
  • 6.65%Return on equity (ROE)
  • 4.12%Retained earnings to average equity (YTD only)
  • 1.26%Net charge-offs to loans
  • 111.51%Credit loss provision to net charge-offs
  • 2.00%Efficiency ratio
  • 68,529Assets per employee
  • 3.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 38.08%Loss allowance to loans
  • 1.62%Loss allowance to noncurrent loans
  • 229.16%Noncurrent assets plus other real estate owned to assets
  • 1.83%Noncurrent loans to loans
  • 0.71%Net loans and leases to deposits
  • 82.65%Net loans and leases to core deposits
  • 88.81%Equity capital to assets
  • 9.22%Core capital (leverage) ratio
  • 9.15%Tier 1 risk-based capital ratio
  • 12.83%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $215,677Average earning assets
  • $19,752Average equity
  • $189,349Average loans

List of branches

  • 6 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0365489Traditions Bank109 2nd Avenue N.W., Cullman, AL 35055August 04, 2003Full Service Brick and Mortar
    1441828Holly Pond Office40 Holly Pond Blountsville Road, Holly Pond, AL 35083June 30, 2005Full Service Brick and Mortar
    2445238Arley Branch19 Helicon Road, Arley, AL 35541October 12, 2005Full Service Brick and Mortar
    3458274Hayden Branch121 White Oak Trail, Warrior, AL 35180January 02, 2007Full Service Brick and Mortar
    4489858Dodge City Branch639 Alabama Highway 69s, Hanceville, AL 35077March 19, 2009Full Service Brick and Mortar
    5513838Priceville Branch380 Highway 67 South, Decatur, AL 35603October 25, 2010Full Service Brick and Mortar

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