FDIC Certificate #: 9059 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Southern State Bank (#2829) Federal Reserve ID: 470836 Date Established: December 15, 1917 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) OTS Docket #: 12266 FDIC's unique #: 5797 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: January 01, 1934 Last Structure Change Effective Date: December 30, 2008 Last Structure Change Process Date: January 06, 2009 Last Data Update: January 06, 2009 Data Source Date: April 05, 2012
Location
Address: 201 West Main Street, Centre, AL 35960 County: Cherokee 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
Financial Summary
Total assets: $71.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
25Total employees (full-time equivalent)
$69,572Total assets
$3,210Cash and due from depository institutions
$0Interest-bearing balances
$22,927Securities
$3,375Federal funds sold & reverse repurchase agreements
$35,642Net loans & leases
$601Loan loss allowance
$0Trading account assets
$691Bank premises and fixed assets
$483Other real estate owned
$0Goodwill and other intangibles
$2,018Life insurance assets
$3,244All other assets
$69,572Total liabilities and capital
$61,082Total liabilities
$60,520Total deposits
$44,566Interest-bearing deposits
$60,520Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$562All other liabilities
$8,490Total equity capital
$8,490Total bank equity capital
$8,490Perpetual preferred stock
$0Common stock
$0Surplus
$3,477Undivided profits
Memoranda
$5,013Noncurrent loans and leases
$4,153Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$577Earning assets
$0Long-term assets (5+ years)
$516Average Assets, year-to-date
$61,944Average Assets, quarterly
$22,791Volatile liabilities
$66,423Insider loans
$69,004FHLB advances
$8,761Loans and leases held for sale
$1,916Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,153Total unused commitments
$0Restructured Loans and leases
$529Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$4,403Total interest income
$1,314Total interest expense
$3,089Net interest income
$65Provision for loan and lease losses
$652Total noninterest income
$0Fiduciary activities
$408Service charges on deposit accounts
$0Trading account gains & fees
$244Additional noninterest income
$2,190Total noninterest expense
$1,187Salaries and employee benefits
$401Premises and equipment expense
$602Additional noninterest expense
$1,486Pre-tax net operating income
-$77Securities gains (losses)
$490Applicable income taxes
$919Income before extraordinary items
$0Extraordinary gains - net
$919Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$66Sale, conversion, retirement of capital stock, net
$300Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.37%Yield on earning assets
2.20%Cost of funding earning assets
5.17%Net interest margin
1.09%Noninterest income to earning assets
3.66%Noninterest expense to earning assets
1.46%Net operating income to assets
1.38%Return on assets (ROA)
2.12%Pretax return on assets
11.44%Return on equity (ROE)
7.71%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
98.48%Credit loss provision to net charge-offs
23.50%Efficiency ratio
58,540Assets per employee
2.78%Cash dividends to net income (YTD only)
Condition Ratios (%)
32.64%Loss allowance to loans
1.66%Loss allowance to noncurrent loans
104.16%Noncurrent assets plus other real estate owned to assets
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