Atlantic Southern Bank in Macon, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 20, 2011

Atlantic Southern Bank - Overview

  • General
  • FDIC Certificate #: 57213
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: CertusBank, National Association (#59028)
    Federal Reserve ID: 3075278
    Date Established: December 10, 2001
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 16 (Interstate: No)
    FDIC's unique #: 359556
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 10, 2001
    Last Structure Change Effective Date: May 20, 2011
    Last Structure Change Process Date: May 23, 2011
    Last Data Update: May 23, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 4077 Forsyth Road, Macon, GA 31210
    County: Bibb
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Albany Ga
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Macon, GA (#4680)
    Combined Statistical Area (CSA): Macon-Warner Robins-Fort Valley, GA (#356)
    Core Based Statistical Area (CBSA): Macon, GA (#31420)
    CBSA Metro Statistical Area: Macon, GA (#31420)
  • Financial Summary
  • Total assets: $741.9 mil

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2010)

  • Dollar figures in thousands
  • 149Total employees (full-time equivalent)
  • $781,179Total assets
  • $64,647Cash and due from depository institutions
  • $60,375Interest-bearing balances
  • $26,606Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $561,195Net loans & leases
  • $15,465Loan loss allowance
  • $0Trading account assets
  • $29,307Bank premises and fixed assets
  • $73,480Other real estate owned
  • $2,187Goodwill and other intangibles
  • $13,542Life insurance assets
  • $23,757All other assets
  • $781,179Total liabilities and capital
  • $760,702Total liabilities
  • $726,435Total deposits
  • $679,173Interest-bearing deposits
  • $726,435Deposits held in domestic offices
  • 92.27%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $29,000Other borrowed funds
  • $1,400Subordinated debt
  • $3,867All other liabilities
  • $20,477Total equity capital
  • $20,477Total bank equity capital
  • $20,477Perpetual preferred stock
  • $0Common stock
  • $8,680Surplus
  • $76,287Undivided profits
  • Memoranda
  • $-64,490Noncurrent loans and leases
  • $20,539Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $96,632Earning assets
  • $0Long-term assets (5+ years)
  • $3,226Average Assets, year-to-date
  • $648,176Average Assets, quarterly
  • $34,410Volatile liabilities
  • $887,171Insider loans
  • $816,886FHLB advances
  • $266,208Loans and leases held for sale
  • $10,063Unused loan commitments
  • $29,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,987Total risk weighted assets
  • $20,539Total unused commitments
  • $3,620Restructured Loans and leases
  • $9,689Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $35,100Total interest income
  • $19,070Total interest expense
  • $16,030Net interest income
  • $7,714Provision for loan and lease losses
  • -$3,942Total noninterest income
  • $0Fiduciary activities
  • $1,601Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$5,543Additional noninterest income
  • $22,573Total noninterest expense
  • $7,947Salaries and employee benefits
  • $2,765Premises and equipment expense
  • $11,861Additional noninterest expense
  • -$18,199Pre-tax net operating income
  • $658Securities gains (losses)
  • $151Applicable income taxes
  • -$17,692Income before extraordinary items
  • $0Extraordinary gains - net
  • -$17,692Net income attributable to bank
  • $0Net charge-offs
  • -$17,692Cash dividends
  • $13,728Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.55%Yield on earning assets
  • 2.47%Cost of funding earning assets
  • 2.08%Net interest margin
  • -0.51%Noninterest income to earning assets
  • 2.92%Noninterest expense to earning assets
  • -2.07%Net operating income to assets
  • -1.99%Return on assets (ROA)
  • -1.98%Pretax return on assets
  • -55.17%Return on equity (ROE)
  • -55.17%Retained earnings to average equity (YTD only)
  • 2.10%Net charge-offs to loans
  • 56.19%Credit loss provision to net charge-offs
  • -0.76%Efficiency ratio
  • 183,744Assets per employee
  • 5.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.68%Loss allowance to noncurrent loans
  • 16.00%Noncurrent assets plus other real estate owned to assets
  • 21.78%Noncurrent loans to loans
  • 16.76%Net loans and leases to deposits
  • 77.25%Net loans and leases to core deposits
  • 117.84%Equity capital to assets
  • 2.62%Core capital (leverage) ratio
  • 2.31%Tier 1 risk-based capital ratio
  • 2.82%Total risk-based capital ratio
  • Memoranda
  • $4Average assets
  • $887,171Average earning assets
  • $32,067Average equity
  • $771,973Average loans

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