West Alabama Bank & Trust in Reform, Alabama (AL)



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West Alabama Bank & Trust routing number info

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West Alabama Bank & Trust
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Geographic Region/Area/Territory/Field Office
Financial SummaryTotal 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)
Total employees (full-time equivalent)155
Total assets$593,312
Cash and due from depository institutions$10,597
Interest-bearing balances$236
Securities$214,632
Federal funds sold & reverse repurchase agreements$6,399
Net loans & leases$303,543
Loan loss allowance $4,902
Trading account assets$0
Bank premises and fixed assets$12,610
Other real estate owned$9,264
Goodwill and other intangibles$7,690
All other assets$28,577
Life insurance assets$593,312
Total liabilities and capital$529,947
Total liabilities$467,583
Total deposits$447,961
Interest-bearing deposits$467,583
Deposits held in domestic offices$87
% insured (estimated)22000.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$34,000
Other borrowed funds $0
Subordinated debt $6,364
All other liabilities $63,365
Total equity capital$63,365
Total bank equity capital$63,365
Perpetual preferred stock$0
Common stock$7
Surplus$25,087
Undivided profits $38,271
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $707
Income earned, not collected on loans $2,811
Earning assets $85
Long-term assets (5+ years) $2,950
Average Assets, year-to-date $524,810
Average Assets, quarterly $275,095
Volatile liabilities $582,193
Insider loans $589,755
FHLB advances $377,567
Loans and leases held for sale $580,845
Unused loan commitments $14,646
Tier 1 (core) risk-based capital $14,646
Tier 2 risk-based capital $54,792
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $21,285
Derivatives$1,890
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $24,932
Total interest expense $9,019
Net interest income $15,913
Provision for loan and lease losses $4,085
Total noninterest income $4,400
Fiduciary activities $2
Service charges on deposit accounts $3,093
Trading account gains & fees $0
Additional noninterest income $1,305
Total noninterest expense $13,822
Salaries and employee benefits $6,836
Premises and equipment expense $1,690
Additional noninterest expense $5,296
Pre-tax net operating income $2,406
Securities gains (losses) $356
Applicable income taxes $431
Income before extraordinary items $2,331
Extraordinary gains - net $0
Net income attributable to bank $2,331
Net charge-offs $0
Cash dividends $2,331
Sale, conversion, retirement of capital stock, net $2,882
Net operating income $1,358
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.86%
Cost of funding earning assets 1.76%
Net interest margin 3.10%
Noninterest income to earning assets 0.86%
Noninterest expense to earning assets 2.70%
Net operating income to assets 0.35%
Return on assets (ROA) 0.40%
Pretax return on assets 0.47%
Return on equity (ROE) 3.84%
Retained earnings to average equity (YTD only) 1.60%
Net charge-offs to loans 0.92%
Credit loss provision to net charge-offs 141.74%
Efficiency ratio2.25%
Assets per employee$67,371
Cash dividends to net income (YTD only)3.83%
Condition Ratios (%)
Loss allowance to loans 58.26%
Loss allowance to noncurrent loans 1.59%
Noncurrent assets plus other real estate owned to assets 174.39%
Noncurrent loans to loans 2.04%
Net loans and leases to deposits0.91%
Net loans and leases to core deposits 64.92%
Equity capital to assets 73.18%
Core capital (leverage) ratio 10.68%
Tier 1 risk-based capital ratio 9.43%
Total risk-based capital ratio 14.51%
Memoranda
Average assets$16
Average earning assets$582,193
Average equity $60,651
Average loans $512,874
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$9,712
Number of Accounts1
Personal trust and agency accounts$221
Employee benefit-defined contribution accounts$221
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts35
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$9,491
Corporate trust and agency accounts$0
Other fiduciary accounts$5,576
Fiduciary accounts held in foreign offices$1,538
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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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