2024-11-13T11:39:02-06:00 2023-12-31 454084437 WARREN AVERETT LLC 350 W CEDAR STREET SUITE 400 PENSACOLA FL 32502 990 2023-01-01 630788044 ALABAMA BANKERS ASSOCIATION INC ALAB 3342449456 445 DEXTER AVENUE 10025 MONTGOMERY AL 36104 SCOTT LATHAM PRESIDENT & CEO 3342449456 2024-11-12 1 1 CLAIRE C DUREN CPA P01577924 8504357400 2024-11-12 2023 2024-10-15 13:58:12Z SCOTT LATHAM 445 DEXTER AVENUE 10025 MONTGOMERY AL 36104 4422299 0 X WWW. ALABAMA.BANK X 1986 AL TO PROMOTE THE PRESERVATION AND CONTINUED DEVELOPMENT OF COMMERCIAL BANKING IN ALABAMA. 29 29 13 29 68435 0 219233 22750 3605469 3978519 -1444 57935 333233 343552 4156491 4402756 4000 4000 0 0 1808576 1975093 0 0 0 2030365 2270657 3842941 4249750 313550 153006 4247389 4175563 1852208 1670423 2395181 2505140 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 0 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 44 0 1 13 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 MIKE ROSS CHAIRMAN 1.00 0.00 X X 0 0 0 HOPE JOHNSON PAST CHAIRMAN 0.40 0.00 X X 0 0 0 MACKE MAULDIN CHAIRMAN-ELECT 0.40 0.00 X X 0 0 0 CHARLIE WILLIAMS TREASURER 0.40 0.00 X X 0 0 0 DWIGHT GAMBLE VICE CHAIRMAN 0.40 0.00 X X 0 0 0 LEROY ABRAHAMS DIRECTOR 0.40 0.00 X 0 0 0 JOHN BENTLEY DIRECTOR 0.40 0.00 X 0 0 0 CHRIS CAROTHERS DIRECTOR 0.40 0.00 X 0 0 0 LISA COCHRAN DIRECTOR 0.40 0.00 X 0 0 0 LEIGH COLLIER DIRECTOR 0.40 0.00 X 0 0 0 JASON DOROUGH DIRECTOR 0.40 0.00 X 0 0 0 JASON EPPENGER DIRECTOR 0.40 0.00 X 0 0 0 HEYWARD GOULD DIRECTOR 0.40 0.00 X 0 0 0 GARY HOLEMON DIRECTOR 0.40 0.00 X 0 0 0 JEFF KERVIN DIRECTOR 0.40 0.00 X 0 0 0 ROBERT KUHN DIRECTOR 0.40 0.00 X 0 0 0 CHRIS LATTA DIRECTOR 0.40 0.00 X 0 0 0 DAVID LONG DIRECTOR 0.40 0.00 X 0 0 0 LINWOOD MCCLAIN DIRECTOR 0.40 0.00 X 0 0 0 WILLIAM MELLOWN DIRECTOR 0.40 0.00 X 0 0 0 MICHAEL MORGAN DIRECTOR 0.40 0.00 X 0 0 0 MATTHEW POPE DIRECTOR 0.40 0.00 X 0 0 0 RODNEY RUSHING DIRECTOR 0.40 0.00 X 0 0 0 STEVE SMITH DIRECTOR 0.40 0.00 X 0 0 0 MIKE VINCENT DIRECTOR 0.40 0.00 X 0 0 0 RICHARD WALTERS DIRECTOR 0.40 0.00 X 0 0 0 NICK WILLIS DIRECTOR 0.40 0.00 X 0 0 0 SHAD WILLIAMS DIRECTOR 0.40 0.00 X 0 0 0 SCOTT LATHAM PRESIDENT & CEO 40.00 0.00 X 575206 0 43230 JANICE COX SENIOR VICE PRESIDENT 40.00 0.00 X 280474 0 22147 MELISSA GARRETT VICE PRESIDENT OF ACCOUNTING 35.00 0.00 X 136904 0 9807 ELIZABETH BAILEY VP OF PROFESSIONAL DEVELOPMENT 40.00 0.00 X 105736 0 16843 1098320 0 92027 4 0 1 0 0 22750 18147 22750 MEMBERSHIP DUES 900099 1382326 1382326 CONVENTIONS 900099 1259759 1259759 SCHOOLS AND SEMINARS 900099 1235994 1235994 ADVERTISING 900099 68435 68435 TRUST DIVISION 900099 32005 32005 3978519 58729 58729 43351 43351 16404 0 16404 16404 16404 150 944 -794 -794 -794 34595 22750 18599 15996 15996 5450 0 5450 5450 MANAGEMENT FEES 900099 246616 246616 MISCELLANEOUS INCOME 900099 15735 15735 262351 4402756 4172435 68435 139136 4000 4000 618436 618436 1038681 1038681 92284 92284 130415 130415 95277 95277 8577 8577 22800 22800 96980 96980 23300 23300 21762 21762 111221 111221 80893 80893 31491 31491 41223 41223 1171552 1171552 9069 9069 296393 296393 37263 37263 BANKERS 2 LEADERS EXPEN 217846 217846 GIFTS AND AWARDS 41308 41308 DUES & SUBSCRIPTIONS 27735 27735 TRUST DIVISION EXPENSES 13676 13676 17568 17568 4249750 4249750 0 0 2304152 1271560 500059 1755074 127206 85089 119545 200687 1017021 875158 254536 141863 216206 173161 725685 548129 4247389 4175563 59542 155341 1025164 931918 767502 583164 1852208 1670423 X 2378943 2489902 16238 15238 2395181 2505140 4247389 4175563 X 153006 -43047 X X 0 1 X 1 0 BANKPAC 445 DEXTER AVENUE NO 100025 MONTGOMERY AL 36104 900040054 15000 0 0 0 1382326 66847 66847 96763 -29916 PART I-C, LINE 5 THE AMOUNT TRANSFERRED TO THE PAC WAS DESIGNATED TO BE USED FOR ADMINISTRATIVE COSTS ONLY. 16238 1000 15238 16238 16238 19238 18950 21950 16238 26950 7712 19238 31950 5000 26950 1.00000 0 0 101167 50418 50749 915854 824740 91114 141863 OPERATING RIGHT OF USE ASSET 548129 548129 SHORT TERM LIABILITY 189300 LONG TERM LIABILITY 393864 583164 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. CEO SILENT AUCTION 22953 13173 9780 8570 36 CONVENTION SILENT AUCTION 20514 5899 14615 5899 390 4 13878 3678 10200 3678 26 57345 22750 34595 18147 452 18599 15996 X X 0 0 0 SCOTT LATHAM PRESIDENT & CEO 380000 0 50000 0 145206 0 22800 0 20430 0 618436 0 0 0 JANICE COX SENIOR VICE PRESIDENT 180000 0 30000 0 70474 0 10800 0 11347 0 302621 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 -43,047. 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 -46173 205101 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0