Lifesteps Bank&Trust
Union Springs, Alabama · FDIC Cert #32968
Lifesteps Bank&Trust is an FDIC-insured bank (Certificate #32968) with $61M in total assets and $51M in total deposits as of the Q2 2024 Call Report. Headquartered in Union Springs, Alabama, the bank maintains a Tier 1 capital ratio of 64.64% (Well-Capitalized) and a nonperforming loan ratio of 3.01%. BankHealthData assigns a composite Health Grade of B (72/100). All deposits up to $250,000 per depositor per ownership category are FDIC insured.
Lifesteps Bank&Trust (FDIC cert 32968) is a community bank — $61M in total assets, $51M in deposits, serving the Union Springs, Alabama area. Community banks make up the largest share of U.S. banks by count but a much smaller share by assets.
Capital position is strong: Tier 1 capital ratio of 64.64% 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 elevated: non-performing loan ratio of 3.01% runs above 2%, suggesting the loan book carries more credit risk than peer banks. Elevated NPL can reflect specific portfolio concentrations or broader credit-cycle pressure. Liquidity is very high: 69.3% of assets in liquid form, well above peer norms. Very high liquidity sometimes reflects a bank still building out its loan portfolio or one operating under specific regulatory liquidity requirements.
Profitability is negative: ROA of -3.13% means the bank lost money during the reporting period. Sustained negative ROA erodes capital and triggers escalating regulatory attention. Health-score trend is declining materially over the most recent quarters. Declining trends warrant attention — banks in this pattern often face follow-on regulatory engagement and elevated supervisory scrutiny. Lifesteps Bank&Trust carries a composite BankHealth grade of B (72/100) 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: Lifesteps Bank&Trust
- Total Assets
- $61M
- Total Deposits
- $51M
- Tier 1 Capital Ratio
- 64.64%
- Capital Status
- Well-Capitalized
- Nonperforming Loans
- 3.01%
- Liquidity Ratio
- 69.26%
- Return on Assets
- -3.13%
- Headquarters
- Union Springs, Alabama
- FDIC Certificate
- #32968
- Health Grade
- B (72/100)
- Latest Call Report
- Q2 2024
Capital & Safety Analysis
According to FDIC financial data, Lifesteps Bank&Trust holds a Tier 1 capital ratio of 64.64%. This exceeds the 8% threshold regulators consider "well-capitalized," meaning Lifesteps Bank&Trust has a strong buffer to absorb potential losses.
Key Financial Metrics
What This Means For Your Money
Lifesteps Bank&Trust shows strong financial health indicators. With $61M in assets and a Health Score of 72/100, 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 Lifesteps Bank&Trust Compares
Lifesteps Bank&Trust’s Health Score of 72 is 6 points above the Alabama state average of 66 across 78 FDIC-insured banks. Its 64.64% Tier 1 capital ratio is 50.6 points above the US banking industry average near 14%. The 3.01% nonperforming loan ratio is higher than the industry norm (~0.8%), indicating more credit stress than peers. Return on assets of -3.13% is below the national ROA benchmark of ~1.1%. Among 674 similarly-sized banks, the average Health Score is 68, meaning this bank ranks above its size cohort. Site-wide, Lifesteps Bank&Trust is 2 points above the portfolio average of 70.
Frequently Asked Questions
Lifesteps Bank&Trust has a Bank Health Score of B (72/100), placing it in solid financial health. It holds a Tier 1 capital ratio of 64.64%, 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. Lifesteps Bank&Trust's Tier 1 capital ratio of 64.64% and nonperforming loan ratio of 3.01% 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 Lifesteps Bank&Trust is FDIC-insured up to $250,000 per depositor per ownership category (FDIC Cert #32968). 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.
Lifesteps Bank&Trust holds $61M in total assets and $51M in total deposits. It is headquartered in Union Springs, Alabama (FDIC Certificate #32968).
Lifesteps Bank&Trust has a Tier 1 capital ratio of 64.64%, classifying it as "Well-Capitalized." Federal regulators consider 8% the threshold for "well-capitalized." The bank's nonperforming loan ratio is 3.01%, and the return on assets is -3.13%.
Yes. Lifesteps Bank&Trust is FDIC-insured (Certificate #32968). 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 B grade on our Bank Health Score means 70-84/100 — solid financial position with no major stress signals. The grade combines Tier 1 capital ratio (35% weight), nonperforming loan ratio (30%), liquidity ratio (25%), and return on assets (10%).
Lifesteps Bank&Trust'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.