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 First Bank of Boaz
First Bank of Boaz
| RSSD ID 533535 | CERTIFICATE 2784 | ABA NUMBER 62202163 |
| 124 S Main St |
Quarter Ended : |
2025-03-31 |
| Boaz, Alabama, 35957 |
Updated : |
2025-04-30 |
| firstbankofboaz.com |
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| Institution Profile |
| Year Opened : |
1906 |
Institution Type : |
Commercial bank |
| Entity Type : |
State |
Federal Regulator : |
FDIC |
| Member Federal Reserve : |
No |
S-Corp : |
No |
| Fiduciary Powers : |
No |
Powers Exercised : |
No |
| Filing Type : |
051 |
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| Specialization : |
Other Specialized Under 1 Billion |
| Number of Offices : |
1 |
Number of Employees : |
22 |
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| Financial Fast Facts |
Balance Sheet
(USD, in thousands) |
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Income Statement
(USD, in thousands, ytd) |
| Total Assets | 251,799 |
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Total Interest Income | 2,588 |
| Total Liabilities | 226,175 |
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Total NonInterest Income | 115 |
| Total Bank Equity Capital | 25,624 |
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Total Interest Expense | 1,062 |
| Total Deposits | 205,142 |
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Total NonInterest Expense | 940 |
| Net Loans & Leases | 63,140 |
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Net Income | 424 |
| Loan Loss Allowance | 1,027 |
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Net Charge Offs | (1) |
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| Regulatory Capital |
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Quarterly Averages
(USD, in thousands) |
| Community Bank Leverage Ratio | Yes |
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Total loans | 65,153 |
| Total assets for the leverage ratio | 244,923 |
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Loans secured by real estate: | 46,061 |
| Tier 1 Leverage Ratio | 20.97 |
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Commercial and industrial loans | 9,464 |
| Off Balance Sheet Exposures (%) | 5.89 |
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Loans to individuals - Credit Cards | 0 |
| Trading Assets and Liabilities (%) | 0 |
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Loans to individuals - Other | 4,812 |
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:· First Bank of Boaz
