Bank of the South in Mount Juliet, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 01, 2008

  • Bank of the South in Mount Juliet, Tennessee (TN)
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Bank of the South - Overview

  • General
  • FDIC Certificate #: 57152
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Pinnacle National Bank (#35583)
    Federal Reserve ID: 3018538
    Date Established: April 30, 2001
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Interstate: No)
    FDIC's unique #: 358590
    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: April 30, 2001
    Last Structure Change Effective Date: March 01, 2008
    Last Structure Change Process Date: March 11, 2008
    Last Data Update: March 11, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 551 North Mt. Juliet Road, Mount Juliet, TN 37122
    County: Wilson
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Nashville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Nashville, TN (#5360)
    Combined Statistical Area (CSA): Nashville-Davidson-Murfreesboro-Columbia, TN (#400)
    Core Based Statistical Area (CBSA): Nashville-Davidson-Murfreesboro-Franklin, TN (#34980)
    CBSA Metro Statistical Area: Nashville-Davidson-Murfreesboro-Franklin, TN (#34980)
  • Financial Summary
  • Total assets: $566.7 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, 2007)

  • Dollar figures in thousands
  • 112Total employees (full-time equivalent)
  • $566,735Total assets
  • $19,739Cash and due from depository institutions
  • $15,160Interest-bearing balances
  • $46,855Securities
  • $49,430Federal funds sold & reverse repurchase agreements
  • $367,717Net loans & leases
  • $3,839Loan loss allowance
  • $0Trading account assets
  • $17,367Bank premises and fixed assets
  • $62Other real estate owned
  • $61,499Goodwill and other intangibles
  • $0Life insurance assets
  • $4,066All other assets
  • $566,735Total liabilities and capital
  • $468,815Total liabilities
  • $460,802Total deposits
  • $445,314Interest-bearing deposits
  • $460,802Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,708Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $5,305All other liabilities
  • $97,920Total equity capital
  • $97,920Total bank equity capital
  • $97,920Perpetual preferred stock
  • $0Common stock
  • $3,245Surplus
  • $95,245Undivided profits
  • Memoranda
  • $-570Noncurrent loans and leases
  • $82,623Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,152Earning assets
  • $328Long-term assets (5+ years)
  • $2,732Average Assets, year-to-date
  • $479,162Average Assets, quarterly
  • $54,381Volatile liabilities
  • $492,595Insider loans
  • $520,655FHLB advances
  • $174,338Loans and leases held for sale
  • $3,418Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,047Total risk weighted assets
  • $82,623Total unused commitments
  • $0Restructured Loans and leases
  • $3,857Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $2,814Total interest income
  • $1,436Total interest expense
  • $1,378Net interest income
  • $193Provision for loan and lease losses
  • $237Total noninterest income
  • $0Fiduciary activities
  • $92Service charges on deposit accounts
  • $0Trading account gains & fees
  • $145Additional noninterest income
  • $950Total noninterest expense
  • $493Salaries and employee benefits
  • $106Premises and equipment expense
  • $351Additional noninterest expense
  • $472Pre-tax net operating income
  • $0Securities gains (losses)
  • $191Applicable income taxes
  • $281Income before extraordinary items
  • $0Extraordinary gains - net
  • $281Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $104Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.66%Yield on earning assets
  • 0.34%Cost of funding earning assets
  • 0.32%Net interest margin
  • 0.06%Noninterest income to earning assets
  • 0.22%Noninterest expense to earning assets
  • 0.06%Net operating income to assets
  • 0.06%Return on assets (ROA)
  • 0.10%Pretax return on assets
  • 0.41%Return on equity (ROE)
  • 0.41%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 185.58%Credit loss provision to net charge-offs
  • 6.39%Efficiency ratio
  • 56,656Assets per employee
  • 5.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 178.39%Noncurrent assets plus other real estate owned to assets
  • 0.39%Noncurrent loans to loans
  • 0.58%Net loans and leases to deposits
  • 79.80%Net loans and leases to core deposits
  • 127.16%Equity capital to assets
  • 17.28%Core capital (leverage) ratio
  • 7.64%Tier 1 risk-based capital ratio
  • 9.46%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $492,595Average earning assets
  • $69,074Average equity
  • $427,935Average loans

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