Bank of the South in Pensacola, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of the South - Overview

  • General
  • FDIC Certificate #: 19125
    Status: Active
    Federal Reserve ID: 83236
    Bank Holding Company (Regulatory Top Holder): Five Flags Banks, Inc. (RSSDID: 1129515, Location: Pensacola, FL)
    Date Established: May 20, 1964
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 12957
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: May 24, 1964
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 4410 W. Fairfield Drive, Pensacola, FL 32506
    County: Escambia
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Pensacola
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Pensacola, FL (#6080)
    Core Based Statistical Area (CBSA): Pensacola-Ferry Pass-Brent, FL (#37860)
    CBSA Metro Statistical Area: Pensacola-Ferry Pass-Brent, FL (#37860)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $67.2 mil
    Equity capital: $14.6 mil
    Deposits held in domestic offices: $52.6 mil
    Return on assets (ROA): 0.15% ($0.1 mil)
    Quarterly return on assets: 0.25% ($0.2 mil)
    Return on Equity (ROE): 0.68% ($0.1 mil)
    Quarterly return on equity: 1.16% ($0.2 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.23% ($154.5 mil)
    Quarterly Pretax return on assets: 0.40% ($268.6 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)

  • Dollar figures in thousands
  • 20Total employees (full-time equivalent)
  • $67,153Total assets
  • $10,814Cash and due from depository institutions
  • $2,186Interest-bearing balances
  • $43,099Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $11,457Net loans & leases
  • $136Loan loss allowance
  • $0Trading account assets
  • $1,033Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $67,153Life insurance assets
  • $750All other assets
  • $52,600Total liabilities and capital
  • $52,577Total liabilities
  • $36,844Total deposits
  • $52,577Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $23Subordinated debt
  • $14,553All other liabilities
  • $14,553Total equity capital
  • $14,553Total bank equity capital
  • $0Perpetual preferred stock
  • $250Common stock
  • $250Surplus
  • $14,053Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $459Long-term assets (5+ years)
  • $56,742Average Assets, year-to-date
  • $4,266Average Assets, quarterly
  • $66,042Volatile liabilities
  • $66,572Insider loans
  • $14,342FHLB advances
  • $64,534Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,553Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,403Restructured Loans and leases
  • $6,031Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,660Total interest income
  • $105Total interest expense
  • $1,555Net interest income
  • $23Provision for loan and lease losses
  • $312Total noninterest income
  • $0Fiduciary activities
  • $149Service charges on deposit accounts
  • $0Trading account gains & fees
  • $163Additional noninterest income
  • $1,689Total noninterest expense
  • $913Salaries and employee benefits
  • $222Premises and equipment expense
  • $554Additional noninterest expense
  • $155Pre-tax net operating income
  • $0Securities gains (losses)
  • $56Applicable income taxes
  • $99Income before extraordinary items
  • $0Extraordinary gains - net
  • $99Net income attributable to bank
  • $0Net charge-offs
  • $99Cash dividends
  • $1Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.95%Yield on earning assets
  • 0.19%Cost of funding earning assets
  • 2.76%Net interest margin
  • 0.55%Noninterest income to earning assets
  • 3.00%Noninterest expense to earning assets
  • 0.15%Net operating income to assets
  • 0.15%Return on assets (ROA)
  • 0.23%Pretax return on assets
  • 0.68%Return on equity (ROE)
  • 0.68%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 2300.00%Credit loss provision to net charge-offs
  • 178.00%Efficiency ratio
  • 90,466Assets per employee
  • 3.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 21.79%Net loans and leases to core deposits
  • 22.49%Equity capital to assets
  • 21.67%Core capital (leverage) ratio
  • 22.55%Tier 1 risk-based capital ratio
  • 101.47%Total risk-based capital ratio
  • Memoranda
  • $102Average assets
  • $66,042Average earning assets
  • $14,482Average equity
  • $56,240Average loans

List of branches

  • 2 Florida Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012957Bank Of The South4410 W. Fairfield Drive, Pensacola, FL 32506May 20, 1964Full Service Brick and Mortar
    1247365Island Branch136 Fort Pickens Road, Pensacola Beach, FL 32561March 20, 1980Full Service Brick and Mortar

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