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334-636-5424
131 West Front Street
Thomasville, AL 36784

First United Security Bank is headquartered in Thomasville and is the 13st largest bank in the state of Alabama. It is also the 1,158th largest bank in the nation. It was established in 1952 and as of December of 2013, it had grown to 287 employees at 19 locations. First United Security Bank has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
C+

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, 2013 First United Security Bank had $21.54 million in non-current loans and owned real-estate with $79.97 million in equity and loan loss allowances on hand to cover it. This gives First United Security Bank a Texas Ratio of 26.93% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A

The Texas Ratio for First United Security Bank decreased dramatically from 43.52% as of December 31, 2012 to 26.93% as of December 31, 2013, resulting in a positive change of 38.12%.This indicates that the balance sheet and financial strength for First United Security Bank has improved dramatically in recent periods.

Deposit Growth

GRADE:
C+

In the past year, First United Security Bank has decreased its total deposits by -$4.76 million, resulting in -0.97% 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 First United Security Bank has shown is average.

Capitalization

GRADE:
A+

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. First United Security Bank has $569.8 million in assets with $79.97 million in equity, resulting in a capitalization level of 14.03%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #17077
Year Established1952
Employees287
Primary RegulatorFDIC
Assets and Liabilities
Assets$569.80 million
Loans$300.93 million
Deposits$484.35 million
Equity Capital$70.57 million
Loan Loss Allowance$9.40 million
Unbacked Noncurrent Loans$12.23 million
Real Estate Owned$9.31 million
Historic Data - December 2012
Assets$567.13 million
Equity Capital$69.13 million
Loan Loss Allowance$19.28 million
Unbacked Noncurrent Loans$12.23 million
Real Estate Owned$13.29 million
Profit Margin - Quarterly
Net Interest Margin6.14%
Return on Assets0.76%
Return on Equity6.1%
Interest Income$33.64 million
Rates
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First United Security Bank Checking Account Rates

DetailsAPYMINMAXPRODUCT
2.50%-$20kReward Checking
0.05%--Reward Checking
Locations

First United Security Bank has 19 locations. Click to view all First United Security Bank locations.