Local Bank (Tuscaloosa, AL)
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Data as of · sourced from FFIEC call reports. How we update
Local Bank is an FDIC-insured commercial bank headquartered in Tuscaloosa, AL, established in 1914 (FDIC certificate 9614), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $111.3M, up 17.7% from Q2 2025, the 81st largest of 93 banks headquartered in Alabama. It reports no CET1 ratio; its Tier 1 leverage ratio was 14.29% at Q2 2026, above the 9% community bank leverage ratio requirement for being considered well capitalized.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 9614
- Headquarters
- Tuscaloosa, AL
- Established
- 1914
- Total assets, Q2 2026
- $111.3M
- Assets vs Q2 2025
- +17.7%
- Tier 1 leverage ratio, Q2 2026
- 14.29%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 062104397
- Holding company
- LOCAL BANCORP, INC.
- Asset rank in state
- 81st of 93 in Alabama
Problem loans are rising at Local Bank. It reported $111 million in assets at June 30, 2026, up 17.7% from a year earlier. Loans on nonaccrual or 90 or more days past due, net of government guarantees, rose to 1.42% of loans from 0.11% a year earlier. It loses about $0.80 a year on every $100 of assets, lower than about 9 in 10 of the 2,660 banks with $100 million to $1 billion in assets (median $1.28). It also spends about 105 cents to bring in each dollar of revenue, higher than about 9 in 10 banks its size (median 61 cents).
It lost $212,000 in the quarter. The commercial and industrial book ($9.2 million) is worsening: 3.81% of it is past due or on nonaccrual, up from 0.10% a year earlier. Funding is the softer spot: it pays an average of 3.15% on its deposits and borrowings, higher than about 9 in 10 banks its size (median 1.80%).
As of June 30, 2026, Local Bank reported a return on assets of -0.80%, a nonperforming-loan ratio of 1.42% and a Texas ratio of 8.46%. The figures come from its call report filed with the FFIEC.
Of the 93 banks headquartered in Alabama, Local Bank is the 81st largest by total assets at Q2 2026. Between Q1 2026 and Q2 2026, its total assets rose 5.6% to $111.3M, loans rose 0.4% and deposits rose 11.7%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 40.7% of total loans, ahead of construction and land development loans at 19.8%. Its 3 offices in the FDIC Summary of Deposits are in Tuscaloosa, AL, Red Level, AL and Huntsville, AL; its Tuscaloosa office books 55% of its branch deposits. On its Q2 2026 call report, Local Bank meets the community bank leverage ratio test for well capitalized.
Headquarters Profile
- Address
- 205 Mcfarland Cir N, Tuscaloosa, AL 35406
- County
- Tuscaloosa
- Metro Area
- Tuscaloosa, 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 051
- Established
- August 1, 1914
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 70
- Domestic deposits
- $87.5M
- Allowance for credit losses
- $781K
- Net charge-offs (YTD)
- $175K
- Average total assets
- $106.6M
- Average total loans
- $75.3M
- Average interest-bearing deposits
- $74.3M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 9614
- Fed RSSD
- 470434
- SEC CIK
- 1935472 → filed by LOCAL BANCORP, INC.
- Website
- mylocal.bank →
- Parent Holding Company
- LOCAL BANCORP, INC. (RSSD 5683604)
Profitability
Q2 annualizedBalance 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. As a community bank leverage ratio filer, Local Bank reports no risk-based capital ratios; its Tier 1 leverage ratio applies. How we compute these figures
Quarterly trends
Local Bank's total assets moved between a low of $43.6M (Q3 2023) and a high of $111.3M (Q2 2026) from Q3 2023 to Q2 2026, and it earned a profit in 2 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$111.3M total assets against $94.6M; $94.2M total liabilities against $79.6M.
$85.6M net loans and leases against $73.0M; $87.5M total deposits against $74.9M.
$2.5M securities against $2.3M; $15.6M cash and balances due against $13.0M.
$1.7M total interest income against $1.5M; $686K total interest expense against $628K.
$1.0M net interest income against $850K.
$2.4M total noninterest income against $2.2M; $3.5M total noninterest expense against $2.8M.
$40K provision for credit losses against $27K.
-$212K net income against $136K.
-0.80% return on assets against 0.63%; 4.72% net interest margin against 4.93%.
14.29% tier 1 leverage ratio against 16.19%.
Inside the full Local 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.
Local Bank rankings
Its closest position to the top of a national ranking is 777 of 3,640, for Texas Ratio; its furthest is 3,565 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from -2.25% (Q1 2026) to 0.76% (Q3 2025) and its net interest margin ran from 3.74% (Q1 2026) to 4.93% (Q2 2025).
| Quarter | Leverage | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 14.29% | -0.80% | 1.42% | 8.46% | 4.72% |
| Q1 2026 | 14.72% | -2.25% | 1.43% | 8.41% | 3.74% |
| Q4 2025 | 14.48% | -0.79% | 1.74% | 9.16% | 3.97% |
| Q3 2025 | 17.42% | 0.76% | 0.11% | 1.50% | 4.66% |
| Q2 2025 | 16.19% | 0.63% | 0.11% | 1.82% | 4.93% |
| Q1 2025 | 17.26% | -0.93% | 0.12% | 0.57% | 4.90% |
| Q4 2024 | 19.79% | -1.83% | 1.32% | 5.59% | 4.76% |
| Q3 2024 | 23.47% | -1.89% | 0.27% | 1.27% | 4.85% |
Swipe the table sideways to see every column.
Branch Network
View all 3 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 |
|---|---|---|---|
| Local Bank (main office) | Tuscaloosa , AL | 35406 | $48.1M |
| Red Level Branch | Red Level , AL | 36474 | $22.4M |
| Huntsville Branch | Huntsville , AL | 35801 | $17.0M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in AL, rank 113 of 131 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 654 applications, 514 loans originated, $154.2M originated, across 19 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- Not on file
- Enforcement actions, SBA 7(a) lending, 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 Local Bank
What are Local Bank's total assets?
As of the Q2 2026 filing, Local Bank reported total assets of $111.3 million in its FFIEC call report.
Where is Local Bank headquartered?
It is headquartered in Tuscaloosa, AL, United States.
When was Local Bank founded?
It was established in 1914, per the FDIC institution directory.
Is Local Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #9614). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Local Bank?
Local Bank's primary federal regulator is the FDIC.
How many branches does Local Bank operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Local Bank's Texas Ratio?
Its Texas Ratio is 8.46% 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.
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