Bank47
Huntsville, Alabama, Madison County
$97M in total assets, the 3,752nd largest of 4,309 US banks and 85th of 93 headquartered in Alabama.
- FDIC certificate
- 32968
- Established
- 1990
- Owned by
- No holding company
- Primary regulator
- FDIC
- Website
- www.bank-47.com
At a glance
Compared with 11 banks headquartered in Alabama with under $100 million in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $97M | 73% | $78M | |
| Loans | $65M | 82% | $20M | |
| Deposits | $88M | 91% | $66M | |
| Return on assets | -5.27% | 2% | 0.63% | |
| Net interest margin | 3.00% | 9% | 3.97% | |
| Efficiency ratio | 224.2% | 91% | 75.6% | |
| Equity to assets | 8.54% | 2% | 13.74% | |
| Loans to deposits | 74% | 82% | 46% |
Growth
Total assets grew 13.4% a year over the last 5 years and 6.9% a year over 10 years, without acquisitions.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| May 1990 | Phenix Federal Savings and Loan Association, FA Phenix City, AL | $105M |
Where they operate
2 branches in 2 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| Bullock County, AL | $53M | 37.6% | 2 of 2 |
| Madison County, AL | $35M | 0.3% | 28 of 35 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 1 branch since 2016 (1 to 2, +100.0%). 1 opened, 0 acquired, 0 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 1 | |||
| 2025 | Opened Union Springs | 1 | 0 | +1 | 2 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 29% | 24% | |
| 1-4 family residential | 27% | 26% | |
| Business (C&I) | 21% | 26% | |
| Consumer | 13% | 7% | |
| Construction and land | 5% | 7% | |
| Farmland | 4% | 3% | |
| Agricultural | 0% | 5% | |
| Other | 1% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Other interest-bearing | 52% | 35% | |
| Time deposits | 36% | 33% | |
| Noninterest-bearing | 11% | 33% |
Brokered deposits are 2.8% of deposits (peers 0.7%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.18% | 1.33% |
| Net charge-offs, annualized | -0.18% | 0.04% |
| Reserves to loans | 2.41% | 1.40% |
| Leverage ratio | 12.97% | 17.03% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Alabama
Largest competitors in Bullock County, AL
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/bank47