Amerifirst Bank

Amerifirst Bank is headquartered in Union Springs and is the 79^th largest bank in the state of Alabama. It is also the 3,934^th largest bank in the nation. It was established in 1916 and as of December of 2011, it had grown to 35 employees at 3 locations. Amerifirst Bank has a 3-star health rating.

Amerifirst Bank Routing Number: 062104274

Data for Q4 2011

Institution Statistics Amerifirst Bank FDIC Certificate # 2838 BankRate Report View Year Established 1916 Employees 35 Primary Regulator FDIC Assets and Liabilities Assets $145.44 million Loans $90.35 million Deposits $121.93 million Equity Capital $17.45 million Loan Loss Allowance $1.73 million Unbacked Noncurrent Loans $3.14 million Real Estate Owned $2.63 million Historic Data - December 2010 Assets $159.97 million Equity Capital $16.42 million Loan Loss Allowance $1.53 million Unbacked Noncurrent Loans $4.64 million Real Estate Owned $1.75 million Profit Margin - Quarterly Net Interest Margin 3.83% Return on Assets -0.11% Return on Equity -0.95% Interest Income $6.74 million

Institution Health Overall Score: 3 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Amerifirst Bank had $5.78 million in non-current loans and owned real-estate with $19.18 million in equity and loan loss allowances on hand to cover it. This gives Amerifirst Bank a Texas Ratio of 30.11% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Amerifirst Bank decreased slightly from 35.63% as of December 31, 2010 to 30.11% as of December 31, 2011, resulting in a positive change of 15.48%.This indicates that the balance sheet and financial strength for Amerifirst Bank has improved slightly in recent periods. Deposit Growth In the past year, Amerifirst Bank has decreased its total deposits by -$15.13 million, resulting in -11.04% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Amerifirst Bank has shown is poor. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Amerifirst Bank has $145.44 million in assets with $19.18 million in equity, resulting in a capitalization level of 13.19%, which is excellent.

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