Atlantic Southern Bank in Macon, Georgia (GA)



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Atlantic Southern Bank routing number info

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Atlantic Southern Bank
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)149
Total assets$781,179
Cash and due from depository institutions$64,647
Interest-bearing balances$60,375
Securities$26,606
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$561,195
Loan loss allowance $15,465
Trading account assets$0
Bank premises and fixed assets$29,307
Other real estate owned$73,480
Goodwill and other intangibles$2,187
All other assets$23,757
Life insurance assets$13,542
Total liabilities and capital$781,179
Total liabilities$760,702
Total deposits$726,435
Interest-bearing deposits$679,173
Deposits held in domestic offices$726,435
% insured (estimated)92.27%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $29,000
Subordinated debt $1,400
All other liabilities $3,867
Total equity capital$20,477
Total bank equity capital$20,477
Perpetual preferred stock$20,477
Common stock$0
Surplus$8,680
Undivided profits $76,287
Memoranda
Noncurrent loans and leases $-64,490
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $20,539
Income earned, not collected on loans $0
Earning assets $96,632
Long-term assets (5+ years) $0
Average Assets, year-to-date $3,226
Average Assets, quarterly $648,176
Volatile liabilities $34,410
Insider loans $887,171
FHLB advances $816,886
Loans and leases held for sale $266,208
Unused loan commitments $10,063
Tier 1 (core) risk-based capital $29,000
Tier 2 risk-based capital $0
Total risk weighted assets $1,987
Total unused commitments $20,539
Restructured Loans and leases $3,620
Derivatives$9,689
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Income and Expense (December 31, 2010)
(Dollar figures in thousands)
Total interest income $35,100
Total interest expense $19,070
Net interest income $16,030
Provision for loan and lease losses $7,714
Total noninterest income -$3,942
Fiduciary activities $0
Service charges on deposit accounts $1,601
Trading account gains & fees $0
Additional noninterest income -$5,543
Total noninterest expense $22,573
Salaries and employee benefits $7,947
Premises and equipment expense $2,765
Additional noninterest expense $11,861
Pre-tax net operating income -$18,199
Securities gains (losses) $658
Applicable income taxes $151
Income before extraordinary items -$17,692
Extraordinary gains - net $0
Net income attributable to bank -$17,692
Net charge-offs $0
Cash dividends -$17,692
Sale, conversion, retirement of capital stock, net $13,728
Net operating income $0
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Performance and Condition Ratios (December 31, 2010)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.55%
Cost of funding earning assets 2.47%
Net interest margin 2.08%
Noninterest income to earning assets -0.51%
Noninterest expense to earning assets 2.92%
Net operating income to assets -2.07%
Return on assets (ROA) -1.99%
Pretax return on assets -1.98%
Return on equity (ROE) -55.17%
Retained earnings to average equity (YTD only) -55.17%
Net charge-offs to loans 2.10%
Credit loss provision to net charge-offs 56.19%
Efficiency ratio-0.76%
Assets per employee$183,744
Cash dividends to net income (YTD only)5.24%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.68%
Noncurrent assets plus other real estate owned to assets 16.00%
Noncurrent loans to loans 21.78%
Net loans and leases to deposits16.76%
Net loans and leases to core deposits 77.25%
Equity capital to assets 117.84%
Core capital (leverage) ratio 2.62%
Tier 1 risk-based capital ratio 2.31%
Total risk-based capital ratio 2.82%
Memoranda
Average assets$4
Average earning assets$887,171
Average equity $32,067
Average loans $771,973
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