Amerifirst Bank
Union Springs, AL — Non-member Bank
Active
Vitals
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Total Assets152.5M 6.4 %
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Total Deposits130.7M 5.9 %
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Total Net Loans109.5M 21.2 %
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Net Income585000.0000 36.7 %
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Book Value15.5M 0.4 %
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Book Value x231.0M 0.4 %
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Book Value x346.5M 0.4 %
Balance Sheet Highlights
| Financial Highlights | Amerifirst Bank | All Insured Commercial Banks in Alabama |
| Balance Sheet $(000) | ||
| Total Assets | 152,519 | 266,812 |
| Total Net Loans | 109,510 | 157,006 |
| Total Deposits | 130,679 | 227,200 |
| Total Equity | 15,512 | 30,855 |
| Profitability | ||
| Net Income | 585 | 2,603 |
| Return on Average Assets | .394 | .91 |
| Return on Average Equity | 3.74 | 7.525 |
| Net Interest Margin | 3.977 | 3.872 |
| Efficiency Ratio | 88.798 | 69.238 |
| Noninterest Income/Revenue | 9.169 | 15.218 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 83.801 | 65.031 |
| Securities/Assets | .211 | .23 |
| Total Equity/Total Assets | .102 | .116 |
| Tangible Equity/Tangible Assets | .102 | .114 |
| Capital Adequacy | ||
| Tier 1 Common Capital | 15,528 | 30,655 |
| Tier 1 Capital | 15,528 | 30,655 |
| Tier 2 Capital | 1,473 | 1,864 |
| Total Capital | 17,001 | 32,526 |
| Total Risk Weighted Assets | 117,826 | 184,216 |
| Leverage Ratio | 10.24 | 11.829 |
| Common Equity Tier 1 Capital Ratio | 13.18 | 18.757 |
| Tier 1 Capital Ratio | 13.18 | 18.762 |
| Total Capital Ratio | 14.43 | 19.824 |
Timeline for Amerifirst Bank
Usal Bancorp, Inc.
Usal Bancorp, Inc. became a new parent organization for Amerifirst Bank.
View Profile Sep 01 1998
The First National Bank Of Union Springs
Acquisition: Amerifirst Bank acquired a new subsidiary, The First National Bank Of Union Springs, 27 years
View Profile May 31 1997
Amerifirst Bank
Amerifirst Bank was established 108 years ago and is currently headquartered in Union Springs, AL.
Jan 02 1916| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| The First National Bank Of Union Springs | Seller | 42,674 | Pooling of Interests | Discontinued | 5/31/1997 |
| Relationships | Role | Relationship Start | Relationship End |
| Usal Bancorp, Inc. | Parent | 9/1/1998 |
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