West Alabama Bank & Trust in Reform, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches


West Alabama Bank & Trust - Overview

  • General
  • FDIC Certificate #: 16175
    Status: Active
    Federal Reserve ID: 501132
    Bank Holding Company (Regulatory Top Holder): West Alabama Capital Corp. (RSSDID: 1085255, Location: Reform, AL)
    Date Established: July 29, 1944
    WWW: http://www.wabt.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 14 (Domestic: 14, Interstate: No)
    OTS Docket #: 10132
    FDIC's unique #: 10381
    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: July 29, 1944
    Last Structure Change Effective Date: Febuary 24, 2011
    Last Structure Change Process Date: Febuary 24, 2011
    Last Data Update: Febuary 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 509 First Avenue West, Reform, AL 35481
    County: Pickens
    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
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $593.3 mil
    Equity capital: $63.4 mil
    Deposits held in domestic offices: $467.6 mil
    Return on assets (ROA): 0.40% ($2.4 mil)
    Quarterly return on assets: 0.48% ($2.8 mil)
    Return on Equity (ROE): 3.84% ($2.4 mil)
    Quarterly return on equity: 4.50% ($2.8 mil)
    Net income: $2.3 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 0.47% ($2,788.6 mil)
    Quarterly Pretax return on assets: 0.64% ($3,797.2 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
  • 155Total employees (full-time equivalent)
  • $593,312Total assets
  • $10,597Cash and due from depository institutions
  • $236Interest-bearing balances
  • $214,632Securities
  • $6,399Federal funds sold & reverse repurchase agreements
  • $303,543Net loans & leases
  • $4,902Loan loss allowance
  • $0Trading account assets
  • $12,610Bank premises and fixed assets
  • $9,264Other real estate owned
  • $7,690Goodwill and other intangibles
  • $593,312Life insurance assets
  • $28,577All other assets
  • $529,947Total liabilities and capital
  • $467,583Total liabilities
  • $447,961Total deposits
  • $467,583Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 22000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $34,000Trading liabilities
  • $0Other borrowed funds
  • $6,364Subordinated debt
  • $63,365All other liabilities
  • $63,365Total equity capital
  • $63,365Total bank equity capital
  • $0Perpetual preferred stock
  • $7Common stock
  • $25,087Surplus
  • $38,271Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $707Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,811Income earned, not collected on loans
  • $85Earning assets
  • $2,950Long-term assets (5+ years)
  • $524,810Average Assets, year-to-date
  • $275,095Average Assets, quarterly
  • $582,193Volatile liabilities
  • $589,755Insider loans
  • $377,567FHLB advances
  • $580,845Loans and leases held for sale
  • $14,646Unused loan commitments
  • $14,646Tier 1 (core) risk-based capital
  • $54,792Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $21,285Restructured Loans and leases
  • $1,890Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $24,932Total interest income
  • $9,019Total interest expense
  • $15,913Net interest income
  • $4,085Provision for loan and lease losses
  • $4,400Total noninterest income
  • $2Fiduciary activities
  • $3,093Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,305Additional noninterest income
  • $13,822Total noninterest expense
  • $6,836Salaries and employee benefits
  • $1,690Premises and equipment expense
  • $5,296Additional noninterest expense
  • $2,406Pre-tax net operating income
  • $356Securities gains (losses)
  • $431Applicable income taxes
  • $2,331Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,331Net income attributable to bank
  • $0Net charge-offs
  • $2,331Cash dividends
  • $2,882Sale, conversion, retirement of capital stock, net
  • $1,358Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.86%Yield on earning assets
  • 1.76%Cost of funding earning assets
  • 3.10%Net interest margin
  • 0.86%Noninterest income to earning assets
  • 2.70%Noninterest expense to earning assets
  • 0.35%Net operating income to assets
  • 0.40%Return on assets (ROA)
  • 0.47%Pretax return on assets
  • 3.84%Return on equity (ROE)
  • 1.60%Retained earnings to average equity (YTD only)
  • 0.92%Net charge-offs to loans
  • 141.74%Credit loss provision to net charge-offs
  • 2.25%Efficiency ratio
  • 67,371Assets per employee
  • 3.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 58.26%Loss allowance to loans
  • 1.59%Loss allowance to noncurrent loans
  • 174.39%Noncurrent assets plus other real estate owned to assets
  • 2.04%Noncurrent loans to loans
  • 0.91%Net loans and leases to deposits
  • 64.92%Net loans and leases to core deposits
  • 73.18%Equity capital to assets
  • 10.68%Core capital (leverage) ratio
  • 9.43%Tier 1 risk-based capital ratio
  • 14.51%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $582,193Average earning assets
  • $60,651Average equity
  • $512,874Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $9,712Managed Assets
  • 1Number of Accounts
  • $221Personal trust and agency accounts
  • $221Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 35Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $9,491Other retirement accounts
  • $0Corporate trust and agency accounts
  • $5,576Other fiduciary accounts
  • $1,538Fiduciary accounts held in foreign offices

List of branches

  • 14 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010381West Alabama Bank & Trust509 First Avenue West, Reform, AL 35481July 29, 1944Full Service Brick and Mortar
    1237566Ethelsville BranchFirst Street And U.S. Highway 82, Ethelsville, AL 35461May 19, 1980Full Service Brick and Mortar
    2237567Gordo BranchMain Street, Gordo, AL 35466October 01, 1984Full Service Brick and Mortar
    38037Aliceville Branch3rd Avenue And Broad Street, Aliceville, AL 35442January 01, 1904Full Service Brick and Mortar
    4227626Drive-In BranchSecond Avenue, Northwest, Aliceville, AL 35442May 22, 1978Limited Service Facility
    79823Carrollton BranchCourt Square, Carrollton, AL 35447August 12, 1937Full Service Brick and Mortar
    9265037West Pusmataha Street Branch119 West Pusmataha Street, Butler, AL 36904January 01, 1925Full Service Brick and Mortar
    10265039Livingston Branch27 Courthouse Square, Livingston, AL 35470January 01, 1925Full Service Brick and Mortar
    1144521Fayette BranchHighway 43 And 2nd Street Southeast, Fayette, AL 35555January 01, 1973Full Service Brick and Mortar
    1414639Perry County Branch1014 Washington Street, Marion, AL 36756July 27, 1973Full Service Brick and Mortar
    1510859Millport Branch30330 Hwy 17, Millport, AL 35576November 03, 1948Full Service Brick and Mortar
    17357262Tuscaloosa Branch7680 Highway 69s, Tuscaloosa, AL 35405June 30, 2000Full Service Brick and Mortar
    18186289Woodstock Branch28827 Hwy 5, Woodstock, AL 35188August 10, 1998Full Service Brick and Mortar
    20455255Northport Branch31 Mcfarland Boulevard, Northport, AL 35476September 18, 2006Full Service Brick and Mortar

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