Nexity Bank
Birmingham, AL — Non-member Bank
Acquired Apr 2011
Vitals
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Total Assets757.6M -20.1 %
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Total Deposits611.7M -19.8 %
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Total Net Loans335.7M -28.4 %
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Net Income-5700000.0000 -327.6 %
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Book Value-3228000.0000 -111.3 %
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Book Value x2-6456000.0000 -111.3 %
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Book Value x3-9684000.0000 -111.3 %
Balance Sheet Highlights
| Financial Highlights | Nexity Bank | All Insured Commercial Banks in Alabama |
| Balance Sheet $(000) | ||
| Total Assets | 757,574 | 210,318 |
| Total Net Loans | 335,691 | 122,507 |
| Total Deposits | 611,681 | 177,430 |
| Total Equity | -3,228 | 21,394 |
| Profitability | ||
| Net Income | -5,700 | 307 |
| Return on Average Assets | -2.915 | .533 |
| Return on Average Equity | — | 5.167 |
| Net Interest Margin | .77 | 3.922 |
| Efficiency Ratio | 366.823 | 73.166 |
| Noninterest Income/Revenue | 3.072 | 10.631 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 54.88 | 66.38 |
| Securities/Assets | .301 | .233 |
| Total Equity/Total Assets | -.004 | .102 |
| Tangible Equity/Tangible Assets | -.006 | .101 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 475 | 20,915 |
| Tier 2 Capital | 475 | 1,656 |
| Total Capital | 950 | 22,563 |
| Total Risk Weighted Assets | 487,683 | 141,805 |
| Leverage Ratio | .06 | 10.603 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | .1 | 16.628 |
| Total Capital Ratio | .19 | 17.85 |
Timeline for Nexity Bank
Nexity Bank was acquired by 13 years
Apr 16 2011
Alostar Bank Of Commerce
Nexity Bank was acquired by Alostar Bank Of Commerce 13 years
View Profile Apr 16 2011
Nexity Portfolio Management Group, Inc.
Nexity Portfolio Management Group, Inc. became a new subsidiary organization for Nexity Bank.
View Profile Jan 29 2008
Nexity Insurance Inc.
Nexity Insurance Inc. became a new subsidiary organization for Nexity Bank.
View Profile Jun 19 2007
Nexity Investments, Inc.
Nexity Investments, Inc. became a new subsidiary organization for Nexity Bank.
View Profile Nov 29 2006
| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Alostar Bank Of Commerce | Buyer | 1,028,292 | Failure | 4/16/2011 |
| Relationships | Role | Relationship Start | Relationship End |
| Nexity Financial Corporation | Parent | 11/1/1999 | 4/15/2011 |
| Peoples State Group, Inc. | Parent | 12/15/1998 | 10/31/1999 |
| Peoples State Group, Inc. | Parent | 12/14/1998 | 12/14/1998 |
| Peoples State Bancshares, Inc. | Parent | 4/22/1993 | 12/13/1998 |
| Peoples State Bancshares, Inc. | Parent | 2/6/1984 | 4/21/1993 |
| Nexity Investments, Inc. | Subsidary | 6/30/2007 | 4/15/2011 |
| Nexity Portfolio Management Group, Inc. | Subsidary | 1/29/2008 | 4/15/2011 |
| Nexity Insurance Inc. | Subsidary | 6/19/2007 | 4/15/2011 |
| Nexity Investments, Inc. | Subsidary | 11/29/2006 | 6/29/2007 |
| Nexity Financial Services, Inc. | Subsidary | 3/21/2002 | 2/22/2007 |
| Gunter Mountain Finance, Inc. | Subsidary | 2/1/1996 | 10/31/1999 |
| Financial Data Technology Corporation | Subsidary | 12/14/1998 | 10/31/1999 |
| Citizens & Peoples Insurance, Inc. | Subsidary | 1/6/1997 | 10/31/1999 |
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