First Bank of Alabama
Talladega, Alabama · FDIC Cert #2832
First Bank of Alabama is an FDIC-insured bank (Certificate #2832) with $1.1B in total assets and $980M in total deposits as of the Q2 2024 Call Report. Headquartered in Talladega, Alabama, the bank maintains a Tier 1 capital ratio of 12.22% (Well-Capitalized) and a nonperforming loan ratio of 0.73%. BankHealthData assigns a composite Health Grade of A (80/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
First Bank of Alabama (FDIC cert 2832) is a mid-sized bank with $1.1B in total assets and $980M in deposits, based in Talladega, Alabama. Mid-sized banks typically operate regionally with a mix of commercial and consumer lending.
Capital position is strong: Tier 1 capital ratio of 12.22% sits comfortably above the 8% well-capitalized regulatory threshold and the 10% well-capitalized-plus floor for community banks. Strong capital is the first line of defense against unexpected loan losses. Asset quality is normal: non-performing loan ratio of 0.73% sits in the typical 0.5-2% range for healthy U.S. banks. Some NPL is unavoidable in any meaningful lending portfolio. Liquidity is in the normal range: 23.6% liquid assets relative to total assets — adequate for standard operating needs and routine deposit outflows.
Profitability is strong: return on assets of 1.68% is well above the 1.0% benchmark most analysts use as the threshold for a healthy bank. Strong ROA usually reflects disciplined cost management, healthy net interest margins, or both. Health-score trend is essentially stable across the recent-quarters window — the typical pattern for established banks operating in steady-state mode. First Bank of Alabama carries a composite BankHealth grade of A (80/100) as of the 2024-06 Call Report filing. The grade combines capital ratios (Tier 1), asset quality (non-performing loans), liquidity, and profitability into a single signal.
Source: FDIC BankFind API — Call Report data.
Key Facts: First Bank of Alabama
- Total Assets
- $1.1B
- Total Deposits
- $980M
- Tier 1 Capital Ratio
- 12.22%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 0.73%
- Liquidity Ratio
- 23.58%
- Return on Assets
- 1.68%
- Headquarters
- Talladega, Alabama
- FDIC Certificate
- #2832
- Health Grade
- A (80/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, First Bank of Alabama holds a Tier 1 capital ratio of 12.22%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning First Bank of Alabama has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
First Bank of Alabama shows strong financial health indicators. With $1.1B in assets and a Health Score of 80/100, this bank demonstrates solid capital reserves, manageable loan risk, and adequate liquidity to serve its depositors.
Remember: FDIC insurance covers up to $250,000 per depositor, per bank, per ownership category. Even if a bank fails, insured depositors typically have access to their funds within two business days.
How First Bank of Alabama Compares
First Bank of Alabama’s Health Score of 80 is 14 points above the Alabama state average of 66 across 78 FDIC-insured banks. Its 12.22% Tier 1 capital ratio is 1.8 points below the US banking industry average near 14%. The 0.73% nonperforming loan ratio is lower than the industry norm (~0.8%), indicating cleaner loan quality than peers. Return on assets of 1.68% is in line with or above the national ROA benchmark of ~1.1%. Among 993 similarly-sized banks, the average Health Score is 71, meaning this bank ranks above its size cohort. Site-wide, First Bank of Alabama is 10 points above the portfolio average of 70.
Frequently Asked Questions
First Bank of Alabama has a Bank Health Score of A (80/100), placing it one of the safest banks in our analysis. It holds a Tier 1 capital ratio of 12.22%, which is above the 8% "well-capitalized" threshold. All deposits up to $250,000 per depositor are FDIC insured regardless of the bank's health.
Bank failures are uncommon — only ~5 of 4,000+ FDIC-insured banks fail in a typical year. First Bank of Alabama's Tier 1 capital ratio of 12.22% and nonperforming loan ratio of 0.73% indicate a low risk profile relative to the industry. Even in a failure scenario, insured deposits ($250K per depositor per ownership category) are typically available within two business days.
Money in checking, savings, money market, and CD accounts at First Bank of Alabama is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #2832). Joint accounts get $250K per co-owner. Funds above the limit are not insured — for higher balances, consider spreading across multiple banks or using a CDARS-like network.
First Bank of Alabama holds $1.1B in total assets and $980M in total deposits. It is headquartered in Talladega, Alabama (FDIC Certificate #2832).
First Bank of Alabama has a Tier 1 capital ratio of 12.22%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 0.73%, and the return on assets is 1.68%.
Yes. First Bank of Alabama is FDIC-insured (Certificate #2832). The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category — covering checking, savings, money market deposit accounts, and CDs. Even if a bank fails, insured depositors typically regain access to funds within two business days.
An A grade on our Bank Health Score means 85+/100 — top-tier capital, low loan losses, strong liquidity. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
First Bank of Alabama's metrics indicate solid financial health with no major stress signals — there's no current data-driven reason to move insured deposits. The FDIC's $250K-per-depositor insurance applies regardless of the bank's health.