CapitalSouth Bank in Birmingham, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 21, 2009

  • CapitalSouth Bank in Birmingham, Alabama (AL)
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CapitalSouth Bank - Overview

  • General
  • FDIC Certificate #: 22130
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Iberiabank (#28100)
    Federal Reserve ID: 567231
    Date Established: October 01, 1975
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 12 (Interstate: No)
    OTS Docket #: 12747
    FDIC's unique #: 15371
    Numeric code: 13
    Regulator: FED
    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: October 01, 1975
    Last Structure Change Effective Date: August 21, 2009
    Last Structure Change Process Date: August 24, 2009
    Last Data Update: August 24, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 2340 Woodcrest Place, Birmingham, AL 35209
    County: Jefferson
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Shelby
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Birmingham, AL (#1000)
    Combined Statistical Area (CSA): Birmingham-Hoover-Cullman, AL (#142)
    Core Based Statistical Area (CBSA): Birmingham-Hoover, AL (#13820)
    CBSA Metro Statistical Area: Birmingham-Hoover, AL (#13820)
  • Financial Summary
  • Total assets: $586.6 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, 2008)

  • Dollar figures in thousands
  • 129Total employees (full-time equivalent)
  • $662,687Total assets
  • $11,762Cash and due from depository institutions
  • $6,771Interest-bearing balances
  • $68,141Securities
  • $4,157Federal funds sold & reverse repurchase agreements
  • $530,676Net loans & leases
  • $11,504Loan loss allowance
  • $836Trading account assets
  • $20,663Bank premises and fixed assets
  • $10,201Other real estate owned
  • $682Goodwill and other intangibles
  • $4,912Life insurance assets
  • $15,569All other assets
  • $662,687Total liabilities and capital
  • $619,152Total liabilities
  • $570,871Total deposits
  • $516,575Interest-bearing deposits
  • $570,871Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $10,666Federal funds purchased & repurchase agreements
  • $836Trading liabilities
  • $29,081Other borrowed funds
  • $0Subordinated debt
  • $7,698All other liabilities
  • $43,535Total equity capital
  • $43,535Total bank equity capital
  • $43,535Perpetual preferred stock
  • $2Common stock
  • $227Surplus
  • $75,994Undivided profits
  • Memoranda
  • $-32,688Noncurrent loans and leases
  • $55,123Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $36,438Earning assets
  • $0Long-term assets (5+ years)
  • $2,676Average Assets, year-to-date
  • $610,581Average Assets, quarterly
  • $167,945Volatile liabilities
  • $723,907Insider loans
  • $678,794FHLB advances
  • $103,794Loans and leases held for sale
  • $12,883Unused loan commitments
  • $29,081Tier 1 (core) risk-based capital
  • $19,136Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $55,123Total unused commitments
  • $487Restructured Loans and leases
  • $6,891Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $39,992Total interest income
  • $22,865Total interest expense
  • $17,127Net interest income
  • $12,592Provision for loan and lease losses
  • $2,032Total noninterest income
  • $0Fiduciary activities
  • $1,402Service charges on deposit accounts
  • $0Trading account gains & fees
  • $630Additional noninterest income
  • $31,325Total noninterest expense
  • $9,909Salaries and employee benefits
  • $3,962Premises and equipment expense
  • $17,454Additional noninterest expense
  • -$24,758Pre-tax net operating income
  • $392Securities gains (losses)
  • $1,288Applicable income taxes
  • -$25,654Income before extraordinary items
  • $0Extraordinary gains - net
  • -$25,654Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $9,964Sale, conversion, retirement of capital stock, net
  • $500Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.04%Yield on earning assets
  • 3.46%Cost of funding earning assets
  • 2.59%Net interest margin
  • 0.31%Noninterest income to earning assets
  • 4.73%Noninterest expense to earning assets
  • -3.60%Net operating income to assets
  • -3.54%Return on assets (ROA)
  • -3.37%Pretax return on assets
  • -45.93%Return on equity (ROE)
  • -46.82%Retained earnings to average equity (YTD only)
  • 1.69%Net charge-offs to loans
  • 126.37%Credit loss provision to net charge-offs
  • -1.22%Efficiency ratio
  • 113,957Assets per employee
  • 5.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -1.95%Loss allowance to loans
  • 2.12%Loss allowance to noncurrent loans
  • 31.57%Noncurrent assets plus other real estate owned to assets
  • 7.04%Noncurrent loans to loans
  • 6.72%Net loans and leases to deposits
  • 92.96%Net loans and leases to core deposits
  • 110.20%Equity capital to assets
  • 6.57%Core capital (leverage) ratio
  • 6.12%Tier 1 risk-based capital ratio
  • 7.75%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $723,907Average earning assets
  • $55,856Average equity
  • $661,637Average loans

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