Generations Bank is headquartered in Centre and is the 113st largest bank in the state of Alabama. It is also the 5,320th largest bank in the nation. It was established in 2008 and as of March of 2014, it had grown to 20 employees at 3 locations. Generations Bank has a B+ health rating.
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The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Generations Bank had $789,000 in non-current loans and owned real-estate with $8.64 million in equity and loan loss allowances on hand to cover it. This gives Generations Bank a Texas Ratio of 9.13% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Generations Bank experienced no significant changes from 5.28% as of March 31, 2013 to 9.13% as of March 31, 2014, resulting in a negative change of 72.78%. This indicates that the balance sheet and financial strength for Generations Bank has had no significant changes in recent periods.
In the past year, Generations Bank has increased its total deposits by $6.82 million, resulting in 11.36% 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 Generations Bank has shown is excellent.
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. Generations Bank has $75 million in assets with $8.64 million in equity, resulting in a capitalization level of 11.52%, which is excellent.
|FDIC Certificate #||58842|
|Assets and Liabilities|
|Equity Capital||$8.01 million|
|Loan Loss Allowance||$628,000|
|Unbacked Noncurrent Loans||$584,000|
|Real Estate Owned||$205,000|
|Historic Data - March 2013|
|Equity Capital||$8.10 million|
|Loan Loss Allowance||$644,000|
|Real Estate Owned||$462,000|
|Profit Margin - Quarterly|
|Net Interest Margin||3.85%|
|Return on Assets||0.61%|
|Return on Equity||5.64%|
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|0.75%||-||$25k||eChecking Plus - Qualifying|
|0.10%||-||-||eChecking Plus - Non Qualifying|
|Generations Bank Locations|
|Generations Bank||1285 Chestnut Bypass||Centre, AL 35960|
|Gadsden Branch||400 West Meighan Boulevard||Gadsden, AL 35901|
|Cedar Bluff Branch||4971 Hwy 68||Cedar Bluff, AL 35959|