2025-11-13T07:56:52-06:00 2024-12-31 454084437 WARREN AVERETT LLC 350 W CEDAR STREET SUITE 400 PENSACOLA FL 32502 990 2024-01-01 630788044 ALABAMA BANKERS ASSOCIATION INC ALAB 3342449456 445 DEXTER AVENUE 10025 MONTGOMERY AL 36104 SCOTT LATHAM PRESIDENT & CEO 3342449456 2025-11-10 1 1 CLAIRE C DUREN CPA P01577924 8504357400 2025-11-10 2024 2025-03-06 01:10:19Z SCOTT LATHAM 445 DEXTER AVENUE 10025 MONTGOMERY AL 36104 4532790 0 X WWW. ALABAMA.BANK X 1986 AL TO PROMOTE THE PRESERVATION AND CONTINUED DEVELOPMENT OF COMMERCIAL BANKING IN ALABAMA. 29 29 12 29 66965 0 22750 20702 3978519 4145962 57935 64075 343552 280381 4402756 4511120 4000 4000 0 0 1975093 2064055 0 0 0 2270657 2312257 4249750 4380312 153006 130808 4175563 4113147 1670423 1417446 2505140 2695701 TO PROMOTE THE PRESERVATION AND CONTINUED DEVELOPMENT OF COMMERCIAL BANKING IN ALABAMA. 0 0 EDUCATIONAL PROGRAMS: BANKING SCHOOL AND SEMINARS FOR THE ENHANCEMENT OF BANKER'S SKILL AND KNOWLEDGE IN COMMERCIAL BANKING. MEMBER SERVICES: CONVENTIONS, MEETINGS, AND OTHER EXPENSES PROMOTING INTEREST IN THE COMMERICAL BANKING INDUSTRY AND LEGISLATIVE AFFAIRS. PUBLICATIONS: NEWSLETTER AND MAGAZINE PROMOTING COMMERCIAL BANKING AND PROVIDED CONTINUED EDUCATION ON COMMERCIAL BANKING. 0 0 0 1 0 0 0 0 1 1 1 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 49 0 1 12 1 1 1 0 0 0 1 1 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 0 0 X JANICE COX 3342449456 445 DEXTER AVENUE SUITE 10025 MONTGOMERY AL 36104 DWIGHT GAMBLE CHAIRMAN 1.00 0.00 X X 0 0 0 BYRON HEIFNER DIRECTOR 0.40 0.00 X 0 0 0 HEYWARD GOULD DIRECTOR 0.40 0.00 X 0 0 0 WILL HEAPS DIRECTOR 0.40 0.00 X 0 0 0 LISA COCHRAN DIRECTOR 0.40 0.00 X 0 0 0 STEVE SMITH DIRECTOR 0.40 0.00 X 0 0 0 JASON EPPENGER DIRECTOR 0.40 0.00 X 0 0 0 CHRIS CAROTHERS DIRECTOR 0.40 0.00 X 0 0 0 CHUCK HERNDON DIRECTOR 0.40 0.00 X 0 0 0 JEFF KERVIN DIRECTOR 0.40 0.00 X 0 0 0 RANA FUTRAL DIRECTOR 0.40 0.00 X 0 0 0 SHAD WILLIAMS DIRECTOR 0.40 0.00 X 0 0 0 LINWOOD MCCLAIN DIRECTOR 0.40 0.00 X 0 0 0 RODNEY RUSHING DIRECTOR 0.40 0.00 X 0 0 0 MITT SCHROEDER DIRECTOR 0.40 0.00 X 0 0 0 CHRIS LATTA DIRECTOR 0.40 0.00 X 0 0 0 DREW WADE DIRECTOR 0.40 0.00 X 0 0 0 MIKE VINCENT VICE CHAIRMAN 0.40 0.00 X X 0 0 0 GUY DAVIS TREASURER 0.40 0.00 X X 0 0 0 CHARLIE WILLIAMS CHAIRMAN-ELECT 0.40 0.00 X X 0 0 0 MACKE MAULDIN PAST CHAIRMAN 0.40 0.00 X X 0 0 0 NICK WILLIS DIRECTOR 0.40 0.00 X 0 0 0 LEIGH COLLIER DIRECTOR 0.40 0.00 X 0 0 0 CHRISTIAN WHITE DIRECTOR 0.40 0.00 X 0 0 0 RICHARD WALTERS DIRECTOR 0.40 0.00 X 0 0 0 DAVID MEREDITH DIRECTOR 0.40 0.00 X 0 0 0 GARY HOLEMON DIRECTOR 0.40 0.00 X 0 0 0 DAVID LONG DIRECTOR 0.40 0.00 X 0 0 0 SCOTT LATHAM PRESIDENT & CEO 40.00 0.00 X 584100 0 43230 JANICE COX SENIOR VICE PRESIDENT 40.00 0.00 X 283000 0 22228 ELIZABETH BAILEY VP OF PROFESSIONAL DEVELOP 40.00 0.00 X 118000 0 14983 SHELLEY HILDEBRAND VP OF MARKETING & BUSINESS DEVELOPMENT 40.00 0.00 X 107400 0 32029 MELISSA GARRETT VICE PRESIDENT OF ACCOUNTI 35.00 0.00 X 142228 0 9843 1234728 0 122313 5 0 1 0 0 20702 20702 MEMBERSHIP DUES 900099 1433207 1433207 CONVENTIONS 900099 1338180 1338180 SCHOOLS AND SEMINARS 900099 1281040 1281040 ADVERTISING 900099 66965 66965 TRUST DIVISION 900099 26570 26570 4145962 64075 64075 44526 44526 16404 0 16404 16404 16404 35958 20702 21670 14288 14288 3011 0 3011 3011 MANAGEMENT FEES 900099 192995 192995 MISCELLANEOUS INCOME 900099 9157 9157 202152 4511120 4281149 66965 142304 4000 4000 627330 627330 1099920 1099920 96823 96823 136759 136759 103223 103223 1557 1557 25963 25963 84758 84758 8538 8538 119414 119414 82990 82990 55453 55453 41085 41085 1215020 1215020 6540 6540 241741 241741 38835 38835 BANKERS 2 LEADERS EXPEN 304602 304602 GIFTS AND AWARDS 32577 32577 DUES & SUBSCRIPTIONS 26151 26151 FINANCIAL DIRECTORY EXP 10797 10797 16236 16236 4380312 4380312 0 0 1271560 1201692 1755074 1829049 85089 197867 200687 130609 1025769 872813 141863 152956 173161 232915 548129 368059 4175563 4113147 155341 81338 931918 942244 583164 393864 1670423 1417446 X 2489902 2682963 15238 12738 2505140 2695701 4175563 4113147 X 130808 59753 X X 0 1 X 1 0 BANKPAC 445 DEXTER AVENUE NO 100025 MONTGOMERY AL 36104 900040054 20000 0 0 0 1433207 61088 61088 71660 -10572 PART I-C, LINE 5 THE AMOUNT TRANSFERRED TO THE PAC WAS DESIGNATED TO BE USED FOR ADMINISTRATIVE COSTS ONLY. 15238 2500 12738 16238 1000 15238 16238 16238 19238 18950 21950 16238 26950 7712 19238 1.00000 0 0 101167 74483 26684 924602 798330 126272 152956 INVESTMENT IN SUBSIDIARY 214165 C OTHER ASSETS 18750 C 232915 OPERATING RIGHT OF USE ASSET 368059 368059 SHORT TERM LIABILITY 194372 LONG TERM LIABILITY 199492 393864 X PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO ASSIST EMPLOYEES OF MEMBER BANKS IN AREAS IMPACTED BY NATURAL DISASTERS AND FOR SCHOLARSHIPS. PART X, LINE 2: ABA IS INCORPORATED AND EXEMPT FROM FEDERAL TAXATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (IRC), THOUGH IT WOULD BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE (UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE IRC). MANAGEMENT EVALUATED THE ASSOCIATION'S TAX POSITION AND CONCLUDED THAT THE ASSOCIATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. PART X, LINE 2: MANAGEMENT EVALUATED THE ASSOCIATION'S TAX POSITIONS AND CONCLUDED THAT THE ASSOCIATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. CONVENTION SILENT AUCTION 24775 9670 15105 9670 333 CEO SILENT AUCTION 18516 7078 11438 7192 521 3 13369 3954 9415 3954 56660 20702 35958 20816 854 21670 14288 X X 0 0 0 SCOTT LATHAM PRESIDENT & CEO 406600 0 50000 0 127500 0 22800 0 20430 0 627330 0 0 0 JANICE COX SENIOR VICE PRESIDENT 190000 0 30000 0 63000 0 10800 0 11428 0 305228 0 0 0 MELISSA GARRETT VICE PRESIDENT OF ACCOUNTI 133228 0 9000 0 0 0 7686 0 2157 0 152071 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE PRESIDENT AND CEO REVIEW THE FORM 990 PRIOR TO ITS FILING. FORM 990, PART VI, SECTION B, LINE 12C THE POLICY IS REGULARLY MONITORED AND ENFORCED THROUGH REGULAR COMMUNICATION BEFORE THE FULL BOARD OF DIRECTORS. THE BOARD CHAIRMAN AND KEY EMPLOYEES REVIEW AND DISCUSS ANY POTENTIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15A THE PRESIDENT AND CEO'S COMPENSATION IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AND EVIDENCED BY A WRITTEN CONTRACT. THE BOARD DETERMINES COMPENSATION USING INFORMATION ABOUT COMPENSATION PAID BY SIMILARLY-SITUATED TAXABLE OR TAX-EXEMPT ENTITIES FOR SIMILAR SERVICES INCLUDING COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS OR ACTUAL WRITTEN OFFERS FROM SIMILARLY SITUATED ORGANIZATIONS. THE DECISION MAKING PROCESS OF DETERMINING COMPENSATION IS DOCUMENTED IN THE EXECUTIVE COMMITTEE MINUTES TO INCLUDE THE PROCESS FOR DETERMINING COMPENSATION, THE COMPENSATION DECISION, AND A LIST OF THE INDEPENDENT PERSONS INVOLVED IN THE PROCESS. NO OTHER OFFICERS OR KEY EMPLOYEES ARE COMPENSATED. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION DOES NOT MAKE ITS CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, OR GOVERNING DOCUMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: EQUITY IN EARNINGS OF SUBSIDIARY 59,753. FORM 990, PART XII, LINE 2C: THE ASSOCIATION HAS NOT CHANGED ITS PROCESS OF OVERSIGHT OR SELECTION DURING THIS REPORTING PERIOD. BANKPAC 445 DEXTER AVENUE SUITE 10025 MONTGOMERY AL 36104 900040054 POLITICAL ACTION COMMITTEE AL 527 ALABAMA BANKERS ASSOCIATION INC 1 ALABAMA BANKERS ASSOCIATION INC PAC 445 DEXTER AVENUE SUITE 10025 MONTGOMERY AL 36104 POLITICAL ACTION COMMITTEE AL 527 ALABAMA BANKERS ASSOCIATION INC 1 ALABAMA BANKING SERVICES INC 445 DEXTER AVENUE SUITE 10025 MONTGOMERY AL 36104 631284433 PROVIDE ENDORSEMENT SERVICES AL C 59753 430902 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0