Community South Bank in Parsons, Tennessee (TN), MA, PA, TX
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Community South Bank in Parsons, Tennessee (TN), MA, PA, TX
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Community South Bank - Overview

  • General
  • FDIC Certificate #: 19849
    Status: Active
    Federal Reserve ID: 590855
    Bank Holding Company (Regulatory Top Holder): Tennessee Central Bancshares, Inc. (RSSDID: 1140341, Location: Parsons, TN)
    Date Established: August 31, 1968
    WWW: http://www.communitysouth.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 23 (Domestic: 23, Interstate: Yes)
    OTS Docket #: 14602
    FDIC's unique #: 13642
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 31, 1968
    Last Structure Change Effective Date: January 16, 2007
    Last Structure Change Process Date: January 18, 2007
    Last Data Update: January 18, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 51 West Main Street, Parsons, TN 38363
    County: Decatur
    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
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $569.9 mil
    Equity capital: $18.3 mil
    Deposits held in domestic offices: $534.2 mil
    Return on assets (ROA): -0.47% (-$2.7 mil)
    Quarterly return on assets: -1.33% (-$7.6 mil)
    Return on Equity (ROE): -11.12% (-$2.0 mil)
    Quarterly return on equity: -35.89% (-$6.5 mil)
    Net income: -$2.9 mil
    Quarterly Net income: -$1.9 mil
    Pretax return on assets: -0.47% (-$2,678.7 mil)
    Quarterly Pretax return on assets: -1.33% (-$7,580.1 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
  • 161Total employees (full-time equivalent)
  • $569,930Total assets
  • $66,593Cash and due from depository institutions
  • $56,688Interest-bearing balances
  • $24,704Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $412,440Net loans & leases
  • $9,744Loan loss allowance
  • $0Trading account assets
  • $11,731Bank premises and fixed assets
  • $24,840Other real estate owned
  • $10,945Goodwill and other intangibles
  • $569,930Life insurance assets
  • $18,677All other assets
  • $551,656Total liabilities and capital
  • $534,227Total liabilities
  • $499,711Total deposits
  • $534,227Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $12,471Trading liabilities
  • $0Other borrowed funds
  • $4,958Subordinated debt
  • $18,274All other liabilities
  • $18,274Total equity capital
  • $18,274Total bank equity capital
  • $0Perpetual preferred stock
  • $283Common stock
  • $27,784Surplus
  • $-9,793Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $185,628Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $71,330Income earned, not collected on loans
  • $1,486Earning assets
  • $1,676Long-term assets (5+ years)
  • $493,832Average Assets, year-to-date
  • $54,403Average Assets, quarterly
  • $618,768Volatile liabilities
  • $580,904Insider loans
  • $468,202FHLB advances
  • $575,193Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $17,708Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $20,910Restructured Loans and leases
  • $508Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $24,682Total interest income
  • $8,643Total interest expense
  • $16,039Net interest income
  • $2,395Provision for loan and lease losses
  • $5,539Total noninterest income
  • $0Fiduciary activities
  • $1,268Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,271Additional noninterest income
  • $22,483Total noninterest expense
  • $10,013Salaries and employee benefits
  • $2,381Premises and equipment expense
  • $10,089Additional noninterest expense
  • -$3,300Pre-tax net operating income
  • $419Securities gains (losses)
  • $0Applicable income taxes
  • -$2,881Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,881Net income attributable to bank
  • $0Net charge-offs
  • -$2,881Cash dividends
  • $11,305Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.53%Yield on earning assets
  • 1.59%Cost of funding earning assets
  • 2.94%Net interest margin
  • 1.02%Noninterest income to earning assets
  • 4.13%Noninterest expense to earning assets
  • -0.53%Net operating income to assets
  • -0.47%Return on assets (ROA)
  • -0.47%Pretax return on assets
  • -11.12%Return on equity (ROE)
  • -11.12%Retained earnings to average equity (YTD only)
  • 2.39%Net charge-offs to loans
  • 21.19%Credit loss provision to net charge-offs
  • -0.08%Efficiency ratio
  • 104,194Assets per employee
  • 3.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.31%Loss allowance to noncurrent loans
  • 13.66%Noncurrent assets plus other real estate owned to assets
  • 16.87%Noncurrent loans to loans
  • 16.90%Net loans and leases to deposits
  • 77.20%Net loans and leases to core deposits
  • 102.09%Equity capital to assets
  • 3.21%Core capital (leverage) ratio
  • 3.08%Tier 1 risk-based capital ratio
  • 3.78%Total risk-based capital ratio
  • Memoranda
  • $5Average assets
  • $618,768Average earning assets
  • $25,913Average equity
  • $545,038Average loans

List of branches

  • 1 Massachusetts Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    24469581Boston Loan Production Office Branch8 Faneuil Hall, 3rd Floor, Boston, MA 2109November 26, 2007Limited Service Loan Production
  • 1 Pennsylvania Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    21467962Yardley Lpo Branch2116 Polo Run Drive, Yardley, PA 19067September 12, 2007Limited Service Loan Production
  • 20 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013642Community South Bank51 West Main Street, Parsons, TN 38363August 31, 1968Full Service Brick and Mortar
    1249684Scotts Hill Branch10081 Highway 114, Scotts Hill, TN 38374April 02, 1979Full Service Brick and Mortar
    2249685Parsons Branch601 Tennessee Avenue South, Parsons, TN 38363July 01, 1991Limited Service Retail
    35868Adamsville Branch237 East Main Street, Adamsville, TN 38310September 15, 1904Full Service Brick and Mortar
    63322Savannah Branch325 Main Street, Savannah, TN 38372January 01, 1887Full Service Brick and Mortar
    7206204Savannah Branch1105 Wayne Road, Savannah, TN 38372Febuary 16, 1959Limited Service Facility
    8357338Columbia Branch1909 Shady Brook Street, Columbia, TN 38402October 01, 1999Full Service Brick and Mortar
    917083Hohenwald Branch30 West Main Street, Hohenwald, TN 38462August 01, 1983Full Service Brick and Mortar
    10257531East Main Street Branch557 East Main Street Branch, Hohenwald, TN 38462November 22, 1999Limited Service Retail
    11365721Selmer Mulberry Branch731 Mulberry Avenue, Selmer, TN 38375October 21, 2002Full Service Brick and Mortar
    12420390Spring Hill Branch5426 Main Street, Spring Hill, TN 37174November 11, 2002Limited Service Loan Production
    13424697Spring Hill Branch4930 Columbia Highway, Spring Hill, TN 37174January 15, 2004Full Service Brick and Mortar
    14442625Howenwald Branch557 East Main, Hohenwald, TN 38462November 22, 1999Limited Service Facility
    16455703Knoxville Branch625 South Gay St, Suite 110, Knoxville, TN 37902October 16, 2006Full Service Brick and Mortar
    17457850Selmer Drive Thru138 East Court Avenue, Selmer, TN 38375January 16, 2007Limited Service Facility
    18462630Lexington Branch386 West Church Street, Lexington, TN 38351July 17, 2007Full Service Brick and Mortar
    19462631Franklin Loan Production Office4151 Old Hillsborough Road, Franklin, TN 37064April 16, 2007Limited Service Loan Production
    26470588Counce Branch6710 Highway 57, Counce, TN 38326January 28, 2008Full Service Brick and Mortar
    29474385Parsons Drive Thru Branch494 Tennessee Avenue South, Parsons, TN 38363January 16, 2008Limited Service Facility
    31478781Farragut Branch11543 Kingston Pike, Knoxville, TN 37934May 07, 2007Full Service Brick and Mortar
  • 1 Texas Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    27473712Frisco Lpo Branch6825 Cedar Cove Drive, Frisco, TX 75035March 06, 2008Limited Service Loan Production

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