First Bank Of Boaz
FDIC #2784
📍 Boaz, Alabama
First Bank Of Boaz is a commercial bank, state charter and fed nonmember, supervised by the fdic. established in 01/01/1906. With assets of $241.42 Million, it operates 1 domestic branches.
Customer Reviews
N/A ★
Based on 0 ratings
Write a Review
Reviews are moderated before posting. No profanity or personal attacks.
No reviews yet.
Community Reinvestment Act (CRA) Rating
Latest Exam: November 1, 2022
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
November 1, 2022
Satisfactory
October 1, 2016
Satisfactory
March 1, 2011
Satisfactory
💰 Financial Strength
Total Assets$241.42 Million
Total Deposits$204.15 Million
Equity Capital$16.33 Million
Net Income$2.26 Million
📈 Performance
ROA1.21%
ROE14.17%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
Established01/01/1906
FDIC Cert2784
Holding CoFirst Boaz Bcorp
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeAugust 31, 2022
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday9:00 AM - 4:00 PM
Tuesday9:00 AM - 4:00 PM
Wednesday9:00 AM - 4:00 PM
Thursday9:00 AM - 4:00 PM
Friday9:00 AM - 5:30 PM
SaturdayClosed
SundayClosed
📜 Institutional History
1981
Name Change
Name became: Changed Institution Name To First Bank Of Boaz.