Amerifirst Bank
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Data as of · sourced from FFIEC call reports. How we update
Amerifirst Bank is an FDIC-insured commercial bank headquartered in Montgomery, AL, established in 1916 (FDIC certificate 2838), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $364.1M, up 5.2% from Q2 2025, the 44th largest of 93 banks headquartered in Alabama. Its CET1 capital ratio was 11.97% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 2838
- Headquarters
- Montgomery, AL
- Established
- 1916
- Total assets, Q2 2026
- $364.1M
- Assets vs Q2 2025
- +5.2%
- CET1 ratio, Q2 2026
- 11.97%
- Domestic offices
- 6 FDIC institution directory, current count
- Routing number
- 062104274
- Latest call report
- Q2 2026, FFIEC 041 · Amerifirst Bank call report
- Holding company
- USAL BANCORP, INC.
- Asset rank in state
- 44th of 93 in Alabama
Amerifirst Bank operates with a thinner capital cushion than most banks of its size. Its balance sheet stood at $364 million at June 30, 2026, up 5.2% from a year earlier; it is based in Montgomery, Alabama. It holds common equity equal to 11.97% of its risk-weighted assets, lower than about three-quarters of the 2,660 banks with $100 million to $1 billion in assets (median 15.12%). On the other hand, it keeps 4.59 cents of net interest income on every dollar of earning assets, higher than about three-quarters of banks its size (median 3.95 cents).
Problem loans fell by more than half over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.19% of loans from 0.61%. Net income for the quarter rose 10% from a year earlier, to $1.2 million. Concentration is the risk to watch: it holds commercial real estate loans worth 2.1 times its capital, higher than about three-quarters of banks its size (median 1.2 times).
As of June 30, 2026, Amerifirst Bank reported a CET1 capital ratio of 11.97%, a return on assets of 1.30%, a nonperforming-loan ratio of 0.19% and a Texas ratio of 5.38%. The figures come from its call report filed with the FFIEC.
Amerifirst Bank ranks as the 44th largest of the 93 banks based in Alabama, by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 1.0% to $364.1M, loans rose 0.5% and deposits rose 0.6%. Its loan book on June 30, 2026 was led by 1-4 family residential loans, at 32.6% of total loans, followed by owner-occupied commercial real estate loans at 24.0%. Its 6 offices in the FDIC Summary of Deposits are in 6 cities in AL; its Montgomery office books 34% of its branch deposits. On its Q2 2026 call report, Amerifirst Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 8165 Vaughn Rd, Montgomery, AL 36116
- County
- Montgomery
- Metro Area
- Montgomery, AL
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- No
- Federal Reserve district
- District 6, Atlanta
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 041
- Established
- January 2, 1916
- Former names
- Amerifirst Bank, National Association (1997-2001)
- Domestic offices
- 6 FDIC institution directory, current count
- Employees (FTE)
- 52
- Domestic deposits
- $325.1M
- Allowance for credit losses
- $3.3M
- Net charge-offs (YTD)
- $126K
- Average total assets
- $360.4M
- Average total loans
- $280.9M
- Average interest-bearing deposits
- $253.1M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 2838
- Fed RSSD
- 139133
- SEC CIK
- 1899038 → filed by USAL BANCORP, INC.
- Website
- www.amerifirstbank.com →
- Parent Holding Company
- USAL BANCORP, INC. (RSSD 2685577)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Amerifirst Bank's total assets ran between $310.9M (Q3 2023) and $364.1M (Q2 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$364.1M total assets against $346.2M; $329.5M total liabilities against $312.9M.
$277.4M net loans and leases against $257.4M; $325.1M total deposits against $308.6M.
$35.6M securities against $37.4M; $31.3M cash and balances due against $34.0M.
$5.2M total interest income against $5.0M; $1.3M total interest expense against $1.3M.
$3.9M net interest income against $3.6M.
$281K total noninterest income against $284K; $2.6M total noninterest expense against $2.4M.
$95K provision for credit losses against $165K.
$1.2M net income against $1.1M.
1.30% return on assets against 1.23%; 4.59% net interest margin against 4.42%.
11.97% CET1 capital ratio against 12.20%; 9.66% tier 1 leverage ratio against 9.72%.
Inside the full Amerifirst Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Amerifirst Bank rankings
Its closest position to the top of a national ranking is 1,243 of 3,640, for Texas Ratio; its furthest is 1,717 of 2,134, for CET1 ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from 1.03% (Q4 2024) to 1.30% (Q2 2026) and its net interest margin ran from 4.13% (Q4 2024) to 4.59% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 11.97% | 1.30% | 0.19% | 5.38% | 4.59% |
| Q1 2026 | 11.67% | 1.17% | 0.11% | 5.15% | 4.43% |
| Q4 2025 | 11.33% | 1.09% | 0.14% | 5.49% | 4.40% |
| Q3 2025 | 11.90% | 1.25% | 0.12% | 5.00% | 4.45% |
| Q2 2025 | 12.20% | 1.23% | 0.61% | 4.57% | 4.42% |
| Q1 2025 | 11.97% | 1.15% | 0.66% | 5.21% | 4.25% |
| Q4 2024 | 11.60% | 1.03% | 0.62% | 5.16% | 4.13% |
| Q3 2024 | 12.83% | 1.16% | 0.20% | 1.42% | 4.28% |
Swipe the table sideways to see every column.
Branch Network
View all 6 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Amerifirst Bank (main office) | Montgomery , AL | 36116 | $111.8M |
| Union Springs Branch | Union Springs , AL | 36089 | $87.7M |
| Escambia County Branch | Flomaton , AL | 36441 | $64.5M |
| Auburn Branch | Auburn , AL | 36830 | $31.9M |
| Prattville Branch | Prattville , AL | 36066 | $27.7M |
| Point Clear Branch | Point Clear , AL | 36564 | $1.5M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| December 1, 2020 | Structure Change | Acquired Escambia County Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| November 30, 2020 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| May 31, 1997 | Structure Change | Acquired The First National Bank of Union Springs Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| May 30, 1997 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 4 events.
Regulatory record
Facts as filed or published, not a rating.
- Enforcement actions
- 1 against the institution (OCC)
- January 7, 1993, OCC: Formal Agreement: American National Bank of Union Springs, The
- Period: Most recent institution action January 7, 1993. Source: FDIC, Federal Reserve and OCC enforcement releases.
- Deposit market share
- 0.2% of deposits in AL, rank 61 of 131 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 84 applications, 74 loans originated, $19.0M originated, across 3 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $315K approved, $315K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2010 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Amerifirst Bank
What are Amerifirst Bank's total assets?
As of the Q2 2026 filing, Amerifirst Bank reported total assets of $364.1 million in its FFIEC call report.
Where is Amerifirst Bank headquartered?
It is headquartered in Montgomery, AL, United States.
When was Amerifirst Bank founded?
It was established in 1916, per the FDIC institution directory.
Is Amerifirst Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #2838). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Amerifirst Bank?
Amerifirst Bank's primary federal regulator is the FDIC.
What is Amerifirst Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 11.97% in its Q2 2026 call report, above regulatory requirements.
How many branches does Amerifirst Bank operate?
It operates 6 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Amerifirst Bank's Texas Ratio?
Its Texas Ratio is 5.38% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Amerifirst Bank previously called?
The charter now named Amerifirst Bank has also operated as Amerifirst Bank, National Association (1997-2001), per FDIC structure-change records.
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