I

r

ANNUAL REPORT

OF

SUPERINTENDENT OF BANKS

OF THE

STATE OF ALABAMA

FOR THE FISCAL YEAR ENDING

SEPTEMBER 30, 1994

MONTGOMERY, ALABAMA

STATE OF ALABAMA

SUPERINTENDENT OF' OANKS

The Honorable Fob James Governor of Alabama Alabama State Capitol 600 Dexter Avenue Montgomery, Alabama 36130

Dear Governor James:

STATE BANKING DEPARTMENT

MONTGOMERY

January 23, 1995

A report of activities of the State Banking Department for the fiscal year ending September 30, 1994 is hereby submitted as required by Section 5-2A-13, Code of Alabama 1975.

The total assets of all state chartered banks increased by $12,243,481,000, representing a 47% growth during this period. The major portion of this growth was a result of the conversion of AmSouth Bank, N.A., Birmingham, Alabama, to a state chartered bank, which had assets in excess of $9,000,000,000 at the time of its conversion in July of 1994.

Net income of state chartered banks has been good and overall state banks had an annualized return of 1.28% on assets for the quarter ending September 30, 1994. The number of total banks continues to decrease which is due to merger and consolidation. This is a national trend and is not unique to Alabama. The number of branch offices as well as remote service units have continued to increase.

Respectfully submitted,

STATE BANKING BOARD

MEMBER EXPIRATION OF TERM

Kenneth R. Mccartha Superintendent of Banks Ex-officio Member Chairman of Board

R. M. Barrett Chairman and President 2-01-95 The First National Bank

of Wetumpka Wetumpka, Alabama

W.R. Collins Chairman 2-01-99 BankAlabama-Huntsville Huntsville, Alabama

Frances Guthrie Vice President 2-01-95 Compass Bank Birmingham, Alabama

James R. Jones President 2-01-99 Escambia County Bank Flomaton, Alabama

Richard P. Morthland Chairman and President 2-01-97 The Peoples Bank and

Trust Company Selma, Alabama

L. Alan Weeks, Jr. Vice President 2-01-97 Union Bank & Trust Co. Montgomery, Alabama

SAVINGS AND LOAN BOARD

Kenneth R. Mccartha Superintendent of Banks Ex-officio Member Chairman of Board

Morris W. Anderson Chairman 3-25-96 First American Federal

Savings and Loan Association Huntsville, Alabama

Patrick H. Clark Chairman and President 3-25-95 Cullman Savings Bank Cullman, Alabama

William D. Powell President and Manager 3-25-94 BankFirst, A Federal Savings Bank Decatur, Alabama

Bunney Stokes, Jr. President and Manager 3-25-93 Citizens Federal Savings Bank Birmingham, Alabama

1

OFFICE PERSONNEL

Kenneth R. Mccartha . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Superintendent of Banks Jewrette Y. Johnson ....................... Assistant Superintendent of Banks Dan Wilson, Jr. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Bank Examinations Manager Randall N. Weathersby . . . . . . . . . . . . . . . . . . . . . . . . . Supervising Bank Examiner Robert K. Floyd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Supervisor, Bureau of Loans Scott W. Corscadden . . . . . . . . . . . . . . . . . . . . Assistant Attorney General, Counsel John W. Amason, Ill . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Review Examiner

Administrative/Clerical

Vicki Kreitner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Executive Secretary Patricia E. Ingram . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Accountant Ill Frances Little . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Clerk - Stenographer Ill Janice Faulk . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Clerk - Stenographer Ill Glenda Foley ........................................... Clerk - Typist Ill Lynn Lynn . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Bank Examiner I Loris Thornton . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Clerk - Typist II Majorie Hartley ........................................... Clerk - Typist I Robert W. Floyd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Building Custodian

Bureau of Banking Districts

Westl Southwest District: 46 Banks 20 Counties

2

Northern District: 60 Banks

2 Trust Companies 22 Counties

East/ Southeast District:

55 Banks 25 Counties

FIELD EXAMINERS

Bureau of Banking:

East/Southeast District

B. Charles Coon . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Supervising Bank Examiner Gordon L. Gardner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Bank Examiner Ill George C. Page . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Bank Examiner Ill Penalton N. Lloyd . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Bank Examiner Ill E. Nelson Cook ......................................... Bank Examiner II Paul D. Thomas ........................................ Bank Examiner II Marcus R. Andrews ..................................... Bank Examiner I David P. Florey ......................................... Bank Examiner I

Northern District

Jimmy L. Howard . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Supervising Bank Examiner Jack Evans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Bank Examiner Ill G. Jerome Turley . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Bank Examiner Ill Michael W. Westbrook .................................. Bank Examiner Ill David N. Glidewell ...................................... Bank Examiner II Michael A Peters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Bank Examiner II Joel A Black . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Bank Examiner I Leon Harris . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Bank Examiner I C. Gerald Kemper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Bank Examiner I Russell D. Lippert ....................................... Bank Examiner I

West/Southwest District

Edward T. Morrow . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Supervising Bank Examiner Thomas N. Brown ...................................... Bank Examiner Ill William H. Comerford, Jr. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Bank Examiner Ill Burton LeNoir . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Bank Examiner Ill

, Joe M. Swink . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Bank Examiner Ill Jeff A Ellis ............................................ Bank Examiner II Mark A. Sislak .......................................... Bank Examiner II Timothy J. Rayborn ..................................... Bank Examiner I Richard A. Stephens . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Bank Examiner I

Bureau of Loans:

Clarance J. Brewer ...................................... Loan Examiner II Rodney B. Granger ...................................... Loan Examiner II Charles Thomas . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Loan Examiner II John P. Wetherbee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Loan Examiner II James A. Whitehead .................................... Loan Examiner II C. Max Cosby . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Loan Examiner I

3

--------------------~--·· -~~

SUPERINTENDENTS

The State Banking Department was created by an Act of the Legislature, approved March 2, 1911. The following is a list of Superintendents of Banks from 1911 to date.

NAME TERM

A E. Walker 1911-1918

D. F. Green 1918-1920

H. H. Montgomery 1920-1923

A E. Jackson 1923-1927

C. E. Thomas 1927-1929

D. F. Green 1929-1931

H. H. Montgomery 1931-1934

J. H. Williams 1934-1938

J. B. Little 1939-1940

Addie Lee Farish 1940-1947

E. B. Glass, Jr. 1947-1950

D. E. Marley 1950-1951

H. A Longshore 1951 (Jan/Oct)

Joe H. Williams 1951-1955

Lonnie W. Gentry 1955-1959

John C. Curry 1950-1963

Robert M. Cleckler 1963-1968

C. E. Avinger 1968-1971

Robert I. Gulledge 1971-1973

Leonard C. Johnson 1974-1975

M. Douglas Mims 1975-1976

D. M. Mitchell 1976-1978

Kenneth R. Mccartha 1978-1985

James E. Goldsborough 1985-1987

Zack Thompson 1987-1993

Kenneth R. Mccartha 1993 (Acting)

Kenneth R. Mccartha 1994 - Present

4

V1

10

8

6

4

2

STATE BANKS IN ALABAMA Gross Capital to Gross Assets

%

0--"-~-.-~~'--~~~-'-~-,.-~-'~--.~~""-~...-~-'

Sep 1990

Sep Sep Sep Sep 1991 I 1992 I 1993 I 1994

For the Quarter Ending

- STATE BANKS

Includes Loan Loss Reserves

400

300

200

100

STATE BANKS IN ALABAMA Net Income

$'s

365

o~~~~~~~~~~~~~~~~

Sep Sep Sep Sep Sep 1990 I 1991 I 1992 I 1993 I 1994

For the Three Quarters Ending

- STATE BANKS

Rounded to Nearest Milllon

°'

40

30

20

10

STATE BANKS IN ALABAMA Asset Growth

$'s

37.95

O-><---.~-<--~~~~~~-'-~~--'-~~--'

Sep 1990

Sep 1991

Sep 1992

Sep 1993

For the Quarter Ending

- STATE BANKS

Rounded to Nearest Biiiion

Sep 1994

STATE BANKS IN ALABAMA Asset Size

J5"0 Mill - $100 Mill 47

Based on 9-30-94 Data

Over $1 Bill 4

'. $10 Mill 3

$10 Mill - $EC iAill 69

Fiscal Year Ended (FYE> Number of Banks

STATE OF ALABAMA STATE BANKING DEPARTMENT

CONSOLIDATED REPORT OF CONDITION 09/30/93

164 09/30/94

161

===================================================================================================================== ASSETS

Cash and Balances Due From Depository Institutions: a. Noninterest-Bearing Balances and Currency and Coin b. Interest-Bearing Balances .•••••.•..•••••.•••••••••••••••.•••••••••.••••••••••••••.•••• Securities ...•.••••••.•••.••••.••••.••••••••.•.•••.•••••..••••••••••.••••.••••..••.•••.••• Federal Funds Sold and Securities Purchased Under Agreements to Resell ..••••.••••.••.•••.•. Loans and Leases, Net of Unearned Income, Allowance & Reserve •••••••••••••••••••.•••••.•••• Assets Held in Trading Accounts ••••••.••••••.•.••..•••••.••.••..••••••••..•••••••.•••••••• Premises and Fixed Assets •••..••..•••••••••••••.•.•••••••.••.••••••••••••••••••••••••.••.. Other Real Estate Owned ....•..•••••...••••••..••....••••.•.•.•.••••..••.•••••••.•••••..••• Investments in Unconsolidated Subsidiaries and Associated Companies ••....•....••....•.••.• Customers' Liability to Banks on Acceptances Outstanding ...•.••••.••.••••••••••.•.•••..••• Intangible Assets .•...•..••..•••....•..••.•••...•..•.•••••••••.••••••..••..••••••.•••..•.. Other Assets .•......•.••....••.•...•..••.••.••.•..•.•.••••..•••••.••.••...••.••.•••.••...•

TOTAL ASSETS

LIABILITIES

Deposits ....•.•...•••.•..••••.••..•.•...••.•••.•.••••.•••••••••••.••••••••••••••••••...••• Federal Funds Purchased and Securities Sold Under Agreements

to Repurchase ..•••••..•.....•..••.•.•.••......••.•.••..•••••••••.•••••••••••.•••••.•.•• Demand Notes Issued to U.S. Treasury •.••.....•...•.....•.•..•..•••••....•...••••.••.•..... Other Borrowed Money •••.•.•.•••...•.....•..•..•..•....••••••..••••..•.•••.•••••..••••...•• Mortgage Indebtedness and Obligations Under Capitalized Leases •••.•••.••...••...•••..•.•.• Bank's Liability on Acceptances Executed and Outstanding ..••...•.•..•••••••••••••.•.••.•.• Notes and Debentures Subordinated to Deposits ....•.•.•.•....••..•.••.••.•.••••••••..••••.• Other Li abi l it i es .....•...•..•...••.......•••..••....••.•.•.•..••••.•.••....••.•.•••..••••

TOTAL LIABILITIES •.....••••...••......••••••••....••.•••.•..•..•........•••.•.•.•..•••. Limited-Life Preferred Stock

EQUITY CAPITAL

Perpetual Preferred Stock Common Stock •......•••••....••....•.•.••••••.....••..••••.••..••.••••.••••.•••••••.••.•.•. Surplus .........••....••....•••........•..•.....•.....•••.•.••.••••.•••••.••....••...••••. Undivided Profits and Capital Reserves •..•...•••...••.••••••.•••••..•...•••.••.••••.•.•.•• a. LESS: Net Unrealized Holding Gains (Losses) on Available-for-sale Securities ••••...•••

TOTAL EQUITY CAPITAL •....•..••...•.••••........•.•..••...••••..•.....•...••••..•••....•

TOTAL LIABILITIES, LIMITED-LIFE PREFERRED STOCK & EQUITY CAPITAL •.•.••......•..•..••••.••.

1,175,449 51,265

6,526,250 504, 109

16, 183,480 267,162 435,510 50,838 8,199

16,675 64,052

423,955

25, 706,944

21,254,426

1,287, 155 117, 184 608,732

7,459 16,675 1,041

235,351

23,528,023 3

46 27,366

564,547 1,589,807

2,848

2, 178,918

25,706,944

2,017, 107 35, 133

9,212,684 705,919

24,388,182 86,475

614,056 49,067 21,594 36,899

138,051 645,258

37,950,425

29,931,294

3,459,393 273,239 747,294

6,522 36,899

18 355,410

34,810,069

43 40,886

902,528 2,243,665

46,767

3,140,355

37,950,425 ===================================================================================================================== Reserve for Loan Losses

Percentage Gross Capital and Reserves to Gross Assets Percentage Gross Capital and Reserves to Total Deposits Percentage Net Loans to Total Assets Percentage Net Loans to Total Deposits

7

267,005 359,798

9.42% 9.14% 11.51% 11.69% 62.95% 64.26% 76.14% 81.48%

BUREAU OF BANKING

The Bureau of Banking is responsible for supervising and examining State chartered banks, trust companies, and savings and loan associations. As of September 30, 1994, the Bureau had no savings and loans under its jurisdiction as a result of the conversion of Cullman Savings & Loan Association, Cullman, Alabama, to a federally chartered savings and loan to operate as Cullman Savings Bank. The conversion was effected July 1, 1994. Additionally, the department chartered its second independent trust company during the year, The Trust Company of Sterne, Agee, & Leach, Inc., Birmingham, Alabama. Total assets of the two trust companies chartered as of FYE 1994 were $2,036,000. The two companies report assets managed totalling $82,390,000 and assets held totalling $265,000,000.

As of September 30, 1994, the Bureau has 161 banks chartered with 838 branch offices. These banks reported consolidated total assets of $37,950,425,000 as of FYE 1994 which was an increase of $12,243,481,000 over the total reported at FYE 1993. A comparative consolidated statement of all state banks is presented on the preceding page.

SUMMARY STATISTICS

Number of State banks at September 30, 1993

New Banks Opened

Conversions - National-to-State State-to-National FSB-to-State

Mergers - State with State State with National

Number of State banks at September 30, 1994

Number of Branch offices at September 30, 1993 Adjustments for late notifications

New Branch offices opened Branches established as a resu1t-ofmergers Branches gained in National-to-State conversions Branches gained in FSB-to-State conversions Branches gained in Purchase/Assumption of FS&L Branches gained in main office redesignation

Branches closed Branches lost as a result of mergers Branches lost in State-to-National conversions

Number of Branch offices at September 30, 1994

8

0

2 0 0

4 1

0

18 0

149 0

26 4

17 2 0

164

+O

+2

___:Q

161

660 +O

+197

-19

838

INTERSTATE BANK/BANK HOLDING COMPANY ACTIONS

I city I From/To I Effected I Tuscaloosa Charter Holding Company, Inc., and 80.4% owned 01-18-94

subsidiary (First State Bank of Tuscaloosa) were acquired by NBC Capital Corporation, Inc., Starkville, MS

Tuscaloosa National Bank of the South acquired by First National 05-20-94 Corporation of West Point, West Point, MS (Former Altus Federal Savings Bank branch)

Decatur BankFirst Corporation and subsidiary (BankFirst, a 09-01-94 Federal Savings Bank) were acquired by Union Planters Corporation, Memphis, TN

BANK MERGERS

I city I Bank/Into I Branches I Effected I State with State.

Decatur SouthTrust Bank of Decatur 1* 02-15-94

Hartselle SouthTrust Bank of Hartselle

Hartselle u/n/o SouthTrust Bank of Morgan County

Prattville The Citizens Bank 1* 02-25-94

Selma The Peoples Bank and Trust Company

Fayette First Bank of Fayette 1* 07-07-94

Birmingham First Alabama Bank

Powell Bank of Powell 1* 09-06-94

Fyffe Bank of Fyffe

State with National

Pelham First American Bank of Pelham -2 04-15-94

Birmingham National Bank of Commerce * Main office of merging bank redes1gnated as branch office.

9

CONVER SIONS

I city I Description I Effected

Anniston Compass Bank of Calho un County, N.A., converted 12-31-93 to state charter, to opera te as Central Bank of the South

Birmingham AmSouth Bank, N.A., co nverted to state charter, to 07 -08-94 operate as AmSouth Ban k of Alabama

TRANSFER OF ASSETS AND AS SUMPTION OF LIABILITIES

I city I Purchased From/By I Branches I Effected

Anniston Compass Bank of Calho un County, N.A. +3 12-31-93

Birmingham Compass Bank

NEW TRUST COMPANY OPENED

I Name Opening I Capital Opened

I Birmingham Trust Company of the South, Inc. 1,014,000 08-25-941

NAME CHANGES

I city I From !To I Effected I Birmingham Central Bank of the South Compass Bank 11-08-93

Cullman Peoples Bank of Cullman Peoples Bank of North 08-23-94 County Alabama

Birmingham Trust Company of the The Trust Company of 08-31-94 South, Inc. Sterne, Agee, &

Leach, Inc.

10

BRANCHES OPENED IN FY 1994

City I Bank I Location I Date

Brantley Brantley Bank and Trust Company Main Street, Ramer 10-29-93

Birmingham First Alabama Bank 2660 1oth Avenue, South, Birmingham 11-15-93

Birmingham Compass Bank 924 Plantation Boulevard, Fairhope 12-10-93

Decatur First American Bank 309 West Washington Street, Athens 01-10-94

Blountsville Community Bank 910 North Brindlee Mountain Parkway, Arab 01-28-94

Maplesville Peachtree Bank 1501 7th Street, North, Clanton 03-14-94

Birmingham Compass Bank 15 South 2oth Street, Birmingham 03-21-94

Mobile The Bank of Mobile 700 University Boulevard, Mobile 04-04-94

Mobile The Bank of Mobile 2962 Dauphin Island Parkway, Mobile 04-04-94

Birmingham Highland Bank 1980 Braddock Drive, Hoover 05-24-94

Birmingham First Alabama Bank Grand Cayman, Cayman Islands, British West Indies 06-09-94

Columbia Peoples Community Bank 519 Kirkland Street, Abbeville 06-13-94

Sheffield Bank Independent 863 Cox Creek Parkway, Florence 06-13-94

Mobile The Bank of Mobile 112 Saraland Loop, Mobile 07-06-94

Birmingham First Alabama Bank 1554 Florence Boulevard, Florence 07-11-94

Waterloo The Farmers & Merchants Bank Highway 20, Route 4, Florence 07-26-94

Opelika Eagle Bank of Alabama 114 Seventh Street, Opelika 08-02-94

Robertsdale The Citizens' Bank, Inc. 905 Plantation Boulevard, Fairhope 08-08-94

BRANCHES CLOSED IN FY 1994

I c~ I Bank I Location I Date I Childersburg First Bank of Childersburg Highway 280, Chelsea 10-02-93

Mobile SouthTrust Bank of Mobile 12 South Highway 43, Saraland 10-28-93

Montgomery Union Bank & Trust Company Gunter Office Building 826, Gunter AFB, Montgomery 11-30-93

Florence SouthTrust Bank of the Quad Cities Route 4, Box 56, Rogersville 12-14-93

Elba The Peoples Bank 5229 Cottage Hill Road, Mobile 01-03-94

Birmingham First Alabama Bank 1916 Center Point Road, Birmingham 01-07-94

Montgomery Colonial Bank 444 Winn Drive, Huntsville 04-11-94

Montgomery Colonial Bank 817 Oakwood Avenue, Huntsville 04-11-94

Montgomery Colonial Bank 817 Broad Street, Scottsboro 04-11-94

Columbia Peoples Community Bank 1625 East Main Street, Dothan 04-30-94

Rainsville First Rainsville Bank 220 Mccurdy Avenue, North, Rainsville 06-11-94

Birmingham AmSouth Bank of Alabama 601 South Jefferson Street, Athens 07-22-94

Birmingham AmSouth Bank of Alabama 3201 Governor's Drive, West, Huntsville 07-29-94

Huntsville BankAlabama - Huntsville 110 Beltline Road, Decatur 08-01-94

Birmingham AmSouth Bank of Alabama 7903 Haysland Road, Huntsville 08-05-94

Bay Minette SouthTrust Bank of Baldwin County 249 US Highway 31 South, Bay Minette 09-09-94

Bay Minette SouthTrust Bank of Baldwin County 1190 South McKenzie Street, Foley 09-09-94

11

BRANCHES GAINED IN PURCHASE/ASSUMPTION OF FEDERAL SAVINGS AND LOAN ASSOCIATIONS IN FY 1994

I C!!l I Bank I Location

Montgomery Colonial Bank A 910 Quintard Avenue, Anniston

Montgomery Colonial Bank B 1900 Memorial Parkway, Huntsville

Montgomery Colonial Bank B 100 South Side Square, Huntsville

Montgomery Colonial Bank B 8402 Memorial Parkway, SW, Huntsville

Montgomery Colonial Bank B 4008 University Drive, NW, Huntsville

Montgomery Colonial Bank B 901 O Bailey Cove Road, SE, Huntsville

Montgomery Colonial Bank B 4955 University Drive, NW, Huntsville

Montgomery Colonial Bank B 201 Oakwood Drive, Huntsville

Montgomery Colonial Bank B 716 East Hobbs Street, Athens

Montgomery Colonial Bank B 408 East Laurel Street, Scottsboro

Montgomery Colonial Bank B 817 South Broad Street, Scottsboro

Birmingham First Alabama Bank c 2412 Board Street, Selma

Birmingham First Alabama Bank c 6320 Airport Boulevard, Mobile

Birmingham First Alabama Bank c 23 South Highway 43, Saraland

Birmingham First Alabama Bank c 1601 Eastern Boulevard, Montgomery

Bay Minette SouthTrust Bank of Baldwin County D 249 US Highway 31 South, Bay Minette

Bay Minette SouthTrust Bank of Baldwin County D 1190 South McKenzie Street, Foley

Birmingham First Alabama Bank D 598 East Church Avenue, Atmore

Birmingham First Alabama Bank D 1116 Douglas Avenue, Brewton

Cullman Peoples Bank of North Alabama D 201 Sixth Avenue, SE, Decatur

Montgomery Colonial Bank D 990 South Eufaula Avenue, Eufaula

Montgomery Colonial Bank D 100 Freeman Avenue, Tallassee

Ozark SouthTrust Bank of Ozark D 101 Painter Avenue, Ozark

Scottsboro Jacobs Bank D 659 Gallatin Street, Huntsville

Scottsboro Jacobs Bank D 9027 South Memorial Parkway, Huntsville

Scottsboro Jacobs Bank D 351 Hughes Road, Madison

Note: Former offices of: (A) United Savings Bank, FSB, Anniston, AL (B) First American Federal Savings and Loan Association, Huntsville, AL (C) Secor Bank, Federal Savings Bank, Birmingham, AL (D) Altus Federal Savings Bank, Mobile, AL

12

I Date

11-12-93

12-31-93

12-31-93

12-31-93

12-31-93

12-31-93

12-31-93

12-31-93

12-31-93

12-31-93

12-31-93

01-20-94

01-20-94

01-20-94

01-20-94

05-23-94

05-23-94

05-23-94

05-23-94

05-23-94

05-23-94

05-23-94

05-23-94

05-23-94

05-23-94

05-23-94

I

STATE BANKS

ALBERTVILLE

ALEXANDER CITY

ALTOONA

ANDALUSIA

ANNISTON

ARITON

ASHVILLE

ATMORE

AUBURN

BAY MINETTE

BEATRICE

BERRY

BIRMINGHAM

BIRMINGHAM

BIRMINGHAM

BIRMINGHAM

BIRMINGHAM

BIRMINGHAM

BLOUNTSVILLE

BOAZ

BOAZ

BRANTLEY

BRENT

BREWTON

BREWTON

BRUNDIDGE

CALERA

CARBON HILL

CENTRE

CHILDERSBURG

CLANTON

CLIO

COLUMBIA

CROSSVILLE

CULLMAN

DADEVILLE

DECATUR

DECATUR

DEMOPOLIS

DOTHAN

DOTHAN

DOTHAN

ELBA

ELBA

ENTERPRISE

ENTERPRISE

EUFAULA

EUFAULA

EUTAW

EVA

EVERGREEN

EVERGREEN

FAYETTE

NAME OF BANK

BANK OF ALBERTVILLE

SOUTHTRUST BANK OF CENTRAL ALABAMA

THE EXCHANGE BANK OF ALABAMA

COVINGTON COUNTY BANK

CENTRAL BANK OF THE SOUTH

FARMERS AND MERCHANTS BANK

ASHVILLE SAVINGS BANK

UNITED BANK

SOUTHTRUST BANK

SOUTHTRUST BANK OF BALDWIN COUNTY

PEOPLES EXCHANGE BANK OF MONROE COUNTY

BANK OF BERRY

AMSOUTH BANK OF ALABAMA

COMPASS BANK

FIRST ALABAMA BANK

FIRST COMMERCIAL BANK

HIGHLAND BANK

STEINER BANK

COMMUNITY BANK

FIRST BANK OF BOAZ

PEOPLES INDEPENDENT BANK

BRANTLEY BANK & TRUST COMPANY

BRENT BANKING COMPANY

BANK OF BREWTON

FIRST PROGRESSIVE BANK

BRUNDIDGE BANKING COMPANY

CENTRAL STATE BANK

BANK OF CARBON HILL

FARMERS & MERCHANTS BANK

CITY BANK OF CHILDERSBURG

THE PEOPLES SAVINGS BANK

THE PEOPLES BANK

PEOPLES COMMUNITY BANK

DEKALBBANK

PEOPLES BANK OF NORTH ALABAMA

BANK OF DADEVILLE

FIRST AMERICAN BANK

SOUTHTRUST BANK OF DECATUR

ROBERTSON BANKING COMPANY

BANK OF THE SOUTH

FIRST BANK OF DOTHAN

SOUTHLAND BANK

SOUTHTRUST BANK OF COFFEE COUNTY

THE PEOPLES BANK

COFFEE COUNTY BANK

THE CITIZENS BANK

BARBOUR COUNTY BANK

EUFAULA BANK & TRUST COMPANY

MERCHANTS & FARMERS BANK OF GREENE COUNTY

FIRST BANK OF EVA

BANK OF EVERGREEN

THE UNION BANK

THE CITIZENS BANK OF FAYETTE

13

2

3

4

5

09/30/93

DEPOSITS

27,753

120,796

93,407

89,607

0

42,361

85,691

108,552

90,705

179,954

20,400

9,909

0

3,570,864

6,321,235

346,465

66,437

15,849

212,889

53,351

25,914

24,975

26,774

33,375

17,613

42,587

47,461

22,693

32,462

26,604

79,699

16,250

28,699

17,598

58,613

47,557

124,463

48,536

92,190

86,749

13,561

91,080

89,350

171,429

53,676

50,576

60,334

54,032

28,945

13,146

8,594

37,931

84,166

09/30/93

TOTAL ASSETS

30,942

132,688

106,645

108,087

0

49,225

94,539

125,597

102,807

193,515

23,086

11,567

0

5,137,118

7,331,846

404,043

73,353

23,388

233,692

60,389

28,326

30,405

32,213

40,500

23,892

50,636

54,124

27,548

36,021

29,161

91,677

19,046

31,490

19,497

72,119

54,111

139,852

55,448

102,795

103,733

15,001

107,607

102,932

182,237

59,503

58,044

65,335

62,066

37,081

14,422

9,964

49,373

110,498

09/30/94

DEPOSITS

32,262

118,324

93,662

94,197

50

42,948

97,952

111,872

96,600

214,216

22,617

9,860

6,684,211

3,761,060

7,189,036

366,499

89,475

0

238,653

53,494

33,961

35,449

26,983

41,090

16,540

46,114

50,579

21,966

36,862

25,957

81,024

18,526

46,734

18,446

71,880

46,615

149,344

0

91,045

98,534

13,700

83,357

87.466

174,261

57,016

56,043

60,529

57,628

30,641

12,303

9,376

40,129

87,086

09/30/94

TOTAL ASSET

35,814

130,975

112,109

115,788

1,066

50,309

107,674

128,157

109,012

229,280

25,282

11,593

9,200,064

5,480,073

8,929,748

436,541

96,701

0

262,857

60,249

36,674

40,918

32,700

49,086

23,089

54,010

57,499

27,031

40,645

30,406

94,444

21,420

50,452

20,761

85,860

54,741

175,851

0

103,778

115,454

15,191

98,483

109,078

185,793

63,634

66,498

65,772

66,224

35,422

13,711

10,927

50,212

115,899

STATE BANKS

FAYETTE

FLOMATON

FLORENCE

FORT DEPOSIT

FORT DEPOSIT

FORT PAYNE

FULTONDALE

FYFFE

GENEVA

GENEVA

GERALDINE

GOOD HOPE

GRAND BAY

GRANT

GREENSBORO

GREENSBORO

GROVE HILL

GUNTERSVILLE

HALEYVILLE

HAMILTON

HANCEVILLE

HARTFORD

HARTSELLE

HAZELGREEN

HUNTSVILLE

HUNTSVILLE

JACKSON

JASPER

JASPER

LAFAYETTE

LEEDS

LINDEN

LINEVILLE

LOUISVILLE

LUVERNE

MADISON

MAPLESVILLE

MARION

MARION

MCINTOSH

MILLPORT

MOBILE

MOBILE

MONROEVILLE

MONROEVILLE

MONTEVALLO

MONTGOMERY

MONTGOMERY

MONTGOMERY

MONTGOMERY

MOULTON

MOUNDVILLE

MT. VERNON

NAME OF BANK

THE FIRST BANK OF FAYETTE

ESCAMBIA COUNTY BANK

SOUTHTRUST BANK OF THE QUAD cmES

FIRST LOWNDES BANK

THE FORT DEPOSIT BANK

FIRST STATE BANK OF DEKALB COUNTY

BANK OF ALABAMA

BANK OF FYFFE

THE AMERICAN BANK

THE CITIZENS BANK

LIBERTY BANK

FIRST COMMERCIAL BANK OF CULLMAN COUNTY

MOBILE COUNTY BANK

PEOPLES STATE BANK

PEOPLES BANK OF GREENSBORO

THE CITIZENS BANK

FIRST BANK AND TRUST

THE HOME BANK, INC.

TRADERS & FARMERS BANK

SOUTHTRUST BANK OF MARION COUNTY

MERCHANTS BANK

CITY BANK OF HARTFORD

SOUTHTRUST BANK OF MORGAN COUNTY

NORTH ALABAMA BANK

BANKALABAMA-HUNTSVILLE

FIRST COMMERCIAL BANK OF HUNTSVILLE

MERCHANTS BANK

AMSOUTH BANK OF WALKER COUNTY

SOUTHTRUST BANK OF WALKER COUNTY

FARMERS & MERCHANTS BANK

THE CITIZENS BANK OF LEEDS

FIRST BANK OF LINDEN

FIRST STATE BANK OF CLAY COUNTY

FARMERS EXCHANGE BANK

FIRST cmzENS BANK

BANKERS TRUST OF MADISON

PEACHTREE BANK

MARION BANK & TRUST COMPANY

THE PERRY COUNTY BANK

WASINGTON COUNTY STATE BANK

MERCHANTS & FARMERS BANK

SOUTHTRUST BANK OF MOBILE

THE BANK OF MOBILE

FIRST CITIZENS BANK OF MONROE COUNTY

THE MONROE COUNTY BANK

MERCHANTS & PLANTERS BANK

COLONIAL BANK

FIRST MONTGOMERY BANK

STERLING BANK

UNION BANK & TRUST COMPANY

THE CITIZENS BANK

BANK OF MOUNDVILLE

FIRST COMMUNITY BANK

6

7

14

09/30193

DEPOSITS

58,712

45,174

97,597

13,285

44,552

28,908

33,193

23,191

41,972

59,255

41,408

22,137

16,710

20,608

36,982

29,837

99,780

65,965

196,115

112,699

45,846

13,938

66,406

18,665

55,182

75,221

58,032

52,319

27,838

48,509

42,923

46,117

37,983

32,756

28,440

54,246

20,989

48,757

18,103

25,592

28,168

366,209

91,619

16,565

76,587

50,797

1,718,718

127,316

76,206

356,198

63,847

47,794

75,748

09130193

TOTAL ASSETS

73,639

53,407

105,921

15,072

49,354

34,266

38,516

28,275

46,823

68,789

45,947

25,384

18,362

22,595

43,993

33,627

118,845

74,161

216,595

123,936

51,654

15,648

73,828

21,302

59,763

91,169

65,245

56,987

34,886

54,870

46,868

51,789

41,903

35,810

33,099

59,330

24,879

56,353

19,968

29,180

33,933

417,222

107,274

18,558

90,931

59,068

2,177,137

149,701

88,797

448,277

77,299

51,971

86,505

09130194

DEPOSITS

0

45,966

107,135

13,984

52,553

28,282

47,770

40,953

41,318

62,898

40,702

26,349

17,778

21,105

37,879

33,481

106,460

73,082

196,603

119,301

54,339

15,221

112,194

22,302

55,680

98,973

67,362

50,635

31,037

48,292

50,840

49,906

41,516

35,805

31,612

57,481

24,139

51,194

19,937

28,441

29,152

410,927

104,019

19,671

75,976

54,127

2,045,147

141,551

91,411

315,322

62,760

49,240

79,475

09/30194

TOTAL ASSETS

0

53,282

118,327

16,055

58,473

33,665

54,640

49,068

46,847

73,062

45,916

29,781

19,473

23,150

45,793

37,535

121,562

81,564

218,797

131,412

61,244

16,921

128,448

25,086

62,340

119,835

75,399

55,934

41,009

56,266

57,075

56,057

45,179

38,884

35,954

63,611

28,401

58,899

22,270

32,423

34,831

471,758

124,520

21,789

90,787

62,951

2,542,280

154,434

107,001

418,593

78,946

53,292

90,886

•

STATE BANKS

MUSCLE SHOALS

OPELIKA

ORANGE BEACH

OXFORD

OZARK

OZARK

PARRISH

PELHAM

PELL CllY

PELL CllY

PETERMAN

PHENIXCllY

PHENIXCllY

PHENIXCllY

PIEDMONT

PINE HILL

POWELL

PRATIVILLE

PRATIVILLE

RAINSVILLE

RED BAY

RED LEVEL

REFORM

ROANOKE

ROBERTSDALE

ROBERTSDALE

RUSSELLVILLE

RUSSELLVILLE

SAMSON

SCOTISBORO

SELMA

SHEFFIELD

STEVENSON

SULLIGENT

SWEETWATER

SYLACAUGA

TALLADEGA

TALLASSEE

TALLASSEE

THOMASTON

THOMASVILLE

TROY

TUSCALOOSA

TUSCALOOSA

TUSKEGEE

TUSKEGEE

UNION SPRINGS

UNIONTOWN

VALLEY HEAD

VERNON

VERNON

VINCENT

WADLEY

NAME OF BANK

FIRST METRO BANK

EAGLE BANK OF ALABAMA

GULF BANK

THE INDEPENDENT BANK OF OXFORD

SOUTHTRUST BANK OF OZARK

THE COMMERCIAL BANK OF OZARK

BANK OF PARRISH

FIRST AMERICAN BANK OF PELHAM

METRO BANK

UNION STATE BANK

PETERMAN STATE BANK

CB&T BANK OF RUSSELL COUNTY

PHENIX-GIRARD BANK

SOUTHTRUST BANK OF RUSSELL COUNTY

FARMERS & MERCHANTS BANK

BANK OF PINE HILL

BANK OF POWELL

BANK OF PRATIVILLE

THE CITIZENS BANK

FIRST BANK OF RAINSVILLE

BANK OF RED BAY

THE PEOPLES BANK OF RED LEVEL

WEST ALABAMA BANK & TRUST

THE COMMERCIAL BANK OF ROANOKE, ALABAMA

cmZENS' BANK, INC.

FIRST BANK OF BALDWIN COUNTY

CITIZENS BANK & SAVINGS COMPANY

VALLEY STATE BANK

SAMSON BANKING COMPANY

JACOBS BANK

THE PEOPLES BANK AND TRUST COMPANY

BANK INDEPENDENT

THE NORTH JACKSON BANK

FIRST STATE BANK OF LAMAR COUNTY

SWEET WATER STATE BANK

SOUTHTRUST BANK OF TALLADEGA COUNTY

CITIZENS BANK OF TALLADEGA

THE BANK OF TALLASSEE

THE PEOPLES BANK, TALLASSEE, AL

PLANTERS BANK & TRUST COMPANY

UNITED SECURllY BANK

TROY BANK & TRUST COMPANY

FIRST STATE BANK OF TUSCALOOSA

THE BANK OF TUSCALOOSA

ALABAMA EXCHANGE BANK

FIRST TUSKEGEE BANK

COMMUNllY BANK AND TRUST - ALABAMA

FIRST STATE BANK OF UNIONTOWN

THE CITIZENS BANK OF VALLEY HEAD

CITIZENS STATE BANK

THE BANK OF VERNON

FIRST BANK OF CHILDERSBURG

FIRST BANK

8

9

10

15

09130/93

DEPOSITS

60,901

12,378

24,567

34,355

90,157

33,456

17,484

16,386

44,327

113,798

16,763

82,122

60,209

26,536

47,428

15,676

15,515

121,704

46,492

27,821

40,030

9,108

134,842

34,499

27,792

29,476

148,221

52,324

25,273

105,442

190,208

169,480

19,508

59,144

32,167

39,787

21,617

71,024

30,818

12,078

132,034

122,400

54,871

93,806

38,061

28,769

17,341

5,636

18,671

28,628

41,815

29,542

31,306

09/30/93

TOTAL ASSETS

68,081

13,852

26,898

37,518

101,696

36,786

20,987

17,951

47,885

126,914

18,646

96,657

68,385

29,028

52,273

17,827

18,005

145,255

52,995

30,562

45,468

11,339

149,922

39,180

31,325

32,381

168,224

57,137

29,680

122,574

214,506

194,977

21,660

64,956

36,222

43,702

24,396

81,815

34,838

13,496

165,403

146,171

60,925

101,685

42,266

39,437

18,815

6,265

21,742

32,650

46,332

32,105

34,324

09/30/94

DEPOSITS

70,118

14,695

31,407

44,727

99,012

33,530

17,151

0

58,438

112,451

17,369

89,763

64,295

31,991

52,769

15,828

0

126,127

0

31,957

41,653

9,685

129,093

38,549

33,155

33,005

150,126

59,528

25,751

127,733

252,233

197,483

21,167

66,139

34,527

42,546

22,851

70,951

30,689

11,586

142,777

118,719

53,942

106,858

37,680

42,515

20,126

5,843

19,436

29,641

41,838

33,345

28,541

09130/94

TOTAL ASSETS

78,153

16,366

34,326

48,338

111,608

36,898

20,684

0

63,145

125,932

19,239

101,381

71,724

34,713

57,619

17,800

0

153,747

0

34,840

46,935

12,001

145,124

43,349

36,990

36,011

172,900

65,025

30,723

147,791

283,881

230,162

24,880

72,285

39,075

46,934

25,837

82,604

34,620

12,925

182,543

139,842

63,739

118,286

44,336

52,583

21,664

6,492

22,618

34,142

46,742

35,155

31,629

STATE BANKS

09/30193 09/30193 09/30194 09/30194

LOCATION NAME OF BANK DEPOSITS TOTAL ASSETS DEPOSITS TOTAL ASSETS

WARRIOR WARRIOR SAVINGS BANK 53,986 59,422 55,240 61,032

WATERLOO THE FARMERS & MERCHANTS BANK 16,108 19,433 19,327 22,652

WEDOWEE BANK OF WEDOWEE 55,581 64,113 61,145 70,004

WEST BLOCTON FIRST STATE BANK OF BIBB COUN1Y 23,738 25,908 25,667 27,869

WINFIELD STATE BANK AND TRUST 83,396 93,222 87,020 97,405

WINFIELD THE CJTlZENS BANK OF WINFIELD 69,334 81,395 70,923 84,462

YORK BANK OF YORK 32,917 41,457 35,158 44,003

TOTALS 11 21,254,426 25,706,944 29,931,294 37,950,425 II

FOOTNOTES:

1. Converted from national charter effective 12-31-93.

2. Converted from national charter effective 7-08-94.

3. Name changed from Central Bank of the South effective 11-08-93.

4. Name changed from Peoples Bank of Cullman County effective 8-23-94.

5. Merged with and into SouthTrust Bank of Morgan County, Hartselle, effective 2-15-94.

6. Merged with and into First Alabama Bank, Birmingham, effective 7-07-94.

7. Name changed from SouthTrust Bank of Hartselle effective 2-15-94.

8. Merged with and into National Bank of Commerce, Birmingham, effective 4-15-94.

9. Merged with and into Bank of Fyffe, Fyffe, effective 9-06-94.

10. Merged with and into The Peoples Bank and Trust Company, Selma, effective 2-25-94.

16

STATE BANKS WITH ASSETS GREATER THAN $200,000,000 SEPTEMBER 30, 1994

{In thousands of dollars) Name of Bank Assets Year Opened

AmSouth Bank of Alabama, Birmingham First Alabama Bank, Birmingham Compass Bank, Birmingham Colonial Bank, Montgomery SouthTrust Bank of Mobile, Mobile First Commercial Bank, Birmingham Union Bank & Trust Company, Montgomery The Peoples Bank & Trust Company, Selma Community Bank, Blountsville Bank Independent, Sheffield SouthTrust Bank of Baldwin County, Bay Minette Traders & Farmers Bank, Haleyville

9,200,064 8,929,748 5,480,073 2,542,280

471,758 436,541 418,593 283,881 262,857 230,162 229,280 218,797

NEW STATE BANKS OPENED

Calendar Year

1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993

17

Number

2 2 3 5 3 8 7 5 1 1 1 0

1873 1928 1964 1974 1965 1985 1901 1902 1932 1947 1932 1906

THIS PAGE LEFT BLANK INTENTIONALLY

18

BUREAU OF LOANS

Establishment and Function

The Bureau of Loans was established under authority of Act No. 159, 1945 for the purpose of administering and enforcing the provisions of the Harris Act, the predecessor of the present Alabama Small Loan Act of 1959 (Sections 5-18-1 et seq. 1975 Code). Subsequently, the Alabama Consumer Credit Act, commonly known as the Mini-Code, was passed in 1971 (Sections 5-19-1 et seq. 1975 Code). The Act designates the Superintendent of Banks as Administrator and the Supervisor of the Bureau of Loans as Deputy Administrator for enforcement purposes.

Additional Function

The Alabama Pawn Shop Act was enacted into law on May 21, 1992 under the authority of Act No. 92-597 (Sections 5-19A-1 et seq.). The Act designates the Supervisor of the Bureau of Loans the regulatory authority to administer and enforce the Act.

Frequency and Costs of Examinations

The Superintendent of Banks has the statutory authority to at any reasonable time cause an examination to be made of any small loan company, finance company and other individual or person holding any license from the State Banking Department. Such examination is normally conduced at the licensee's place of business and includes a review of the records and transactions of such licensee to determine compliance with the laws of Alabama. Each licensee pays to the State Banking Department the actual cost of each examination, the amount being reasonably prescribed under uniform and equitable rules and regulations promulgated by the Superintendent of Banks.

Active Licensees under the Alabama Small Loan Act

At December 31, 1989 At December 31, 1990 At December 31, 1991 At December 31, 1992 At December 31, 1993

241 244 235 264 298

The following financial data covers the activities of licensees under the Alabama Small Loan Act. This data is required by Section 5-18-11 of the Act to be filed with the Supervisor on or before May 1 of each year covering the preceding calendar year. The data submitted by licensees has not been audited or otherwise checked for accuracy by the Bureau of Loans.

19

THE ALABAMA SMALL LOAN ACT, 1959

BALANCE SHEET FOR CALENDAR YEAR 1993

ASSETS

Receivables (Gross) Cash in Office and Banks Real Estate and Building (Less Reserve for Depreciation)

Furniture and Fixtures (Less Reserve for Depreciation)

Accrued Interest Receivable Deferred Charges and Prepaid Expenses Due from Home Office and/or Subsidiaries Other Assets

TOTAL ASSETS

LIABILITIES AND CAPITAL

Accounts and Notes Payable Deferred Income and Unearned Charge Due Home Office and/or Subsidiaries Capital Stock (If Corporation) Net Worth (If Individual or Partnership) Surplus (Including Undivided Profits) Reserve for Bad Debts other Reserves Other Liabilities

TOTAL LIABILITIES

STATEMENT OF INCOME AND EXPENSES INCOME

Finance Charges Collected Delinquent and Deferral Charges Collected Insurance Income:

Life $229. 155; A&H $855.888; Property $621 .034; and Other $586.368

P & L Recovery Other Income

TOTAL OPERATING INCOME

EXPENSES

Interest Paid Charge Off to Bad Debt Additions to Reserve for Bad Debts Salaries and/or Commissions State, Local & Federal Taxes, Licenses and Fees Advertising Telephone Postage Rent and Utilities Travel and Auto Expenses Insurance and Fidelity Bonds Depreciation of Furniture and Fixtures Auditing and Supervision Other Expenses

TOTAL EXPENSES

NET INCOME

20

$

$

$

$

$

$

$

$

$

30,806,389 1,n1,829

962,478

1,806,190 (29,509)

6,564,862 3,411,961

196.833. 107

242,127,307

20,513,470 70,423,068

135,066,823 1,586,900 1,839,080 4,445,973 3,662,516

420,439 4.169.038

242,127,307

8,466,412 368,486

2,292,445 706,718

3.583.726

15,417,787

1,868,846 1,589,497

379,380 5,362,919 1,011,044

511,730 439,110 483,215 935,003 199,052 447,530 306,548 740,502

2.074.812

16,349,188

(931,401)

THE ALABAMA SMALL LOAN ACT, 1959

Gross Outstanding Beginning of Period Gross Outstanding End of Period

AMOUNT OF INCREASE

Loans of $75 or less Loans of $75.01 to $300.00 Loans of $300.01 to $749.00

TOTAL

Secured by HHG and Personal Property Automobile Endorsed and/or Co-Maker Unsecured other

TOTAL

ANALYSIS OF LOANS OUTSTANDING

#

#

82,859 88.058

5,199

ANALYSIS OF LOANS BY SIZE

#

#

36,153 130,645

84.575

251,373

ANALYSIS OF LOANS BY SECURITY

#

#

21

190,453 37,832

394 19,787

2.907

251,373

$

$

$

$

$

$

31,182 626 30.806389

(376,237)

1,967,870 20,684,322 46.051.011

68,703,203

41,566,022 17,993,479

152,163 8,548,127

443.412

68,703,203

Active Licensees under the Alabama Consumer Credit Act

At December 31, 1989 At December 31, 1990 At December 31, 1991 At December 31, 1992 At December 31 , 1993

631 660 641 648 735

Licensees under the Alabama Consumer Credit Act (Mini-Code) submitted the following financial data covering their activities for the 1993 calendar year:

Gross Loans Receivables Gross Sales Finance Receivables Total Receivables

Total Operating Income Total Operating Expenses Net Profit (Loss)

Number

371,957 985,221

1,357,178

Active Licensees under the Alabama Pawn Shop Act

At December 31, 1992 . . . . . . . . . . . . . . . . 203 AtDecember31, 1993 ................ 480

No financial data is required to be filed by the Pawn Shop Act.

22

Amount

$2,470,599,277 $5,670,504,067 $8, 141, 103,344

$1,236,232,523 $1, 139,480,608

$96,751,915