First Bank of the South in city_name, state_name - Detailed Financial Reports, Location

First Bank of the South in Rainsville, Alabama (AL)
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First Bank of the South routing number info

First Bank of the South - Overview

General
FDIC Certificate #: 24307
Status: Active
Federal Reserve ID: 437138
Bank Holding Company (Regulatory Top Holder): First Rainsville Bancshares, Inc. Employee Stock Ownership Plan (RSSDID: 2503877, Location: Rainsville, AL)
Date Established: Febuary 01, 1983
WWW: http://www.firstbanksouth.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 16909
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: All Other Specialization < 1 Billion
Date of Deposit Insurance: Febuary 01, 1983
Last Structure Change Effective Date: Febuary 24, 2011
Last Structure Change Process Date: Febuary 24, 2011
Last Data Update: Febuary 24, 2011
Data Source Date: April 05, 2012
Location
Address: 246 Main Street, Rainsville, AL 35986
County: De Kalb
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
Core Based Statistical Area (CBSA): Fort Payne, AL (#22840)
CBSA Micro Statistical Area: Yes
History of Changes
Change in Geographic Region/Area/Territory/Field Office
Financial Summary
Total assets: $83.4 mil
Equity capital: $6.7 mil
Deposits held in domestic offices: $75.7 mil
Return on assets (ROA): 0.26% ($0.2 mil)
Quarterly return on assets: 0.19% ($0.2 mil)
Return on Equity (ROE): 3.55% ($0.2 mil)
Quarterly return on equity: 2.44% ($0.2 mil)
Net income: $0.2 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.27% ($225.3 mil)
Quarterly Pretax return on assets: 0.18% ($150.2 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
30Total employees (full-time equivalent)
$83,430Total assets
$6,768Cash and due from depository institutions
$0Interest-bearing balances
$18,163Securities
$0Federal funds sold & reverse repurchase agreements
$51,956Net loans & leases
$652Loan loss allowance
$0Trading account assets
$1,368Bank premises and fixed assets
$625Other real estate owned
$0Goodwill and other intangibles
$83,430Life insurance assets
$4,550All other assets
$76,733Total liabilities and capital
$75,738Total liabilities
$54,793Total deposits
$75,738Interest-bearing deposits
$96Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$995Subordinated debt
$6,697All other liabilities
$6,697Total equity capital
$6,697Total bank equity capital
$0Perpetual preferred stock
$55Common stock
$1,770Surplus
$4,872Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$557Income earned, not collected on loans
$0Earning assets
$668Long-term assets (5+ years)
$70,119Average Assets, year-to-date
$15,565Average Assets, quarterly
$84,783Volatile liabilities
$85,255Insider loans
$54,930FHLB advances
$83,966Loans and leases held for sale
$2,026Unused loan commitments
$2,026Tier 1 (core) risk-based capital
$6,618Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$4,369Restructured Loans and leases
$2,278Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$3,723Total interest income
$677Total interest expense
$3,046Net interest income
$319Provision for loan and lease losses
$726Total noninterest income
$0Fiduciary activities
$458Service charges on deposit accounts
$0Trading account gains & fees
$268Additional noninterest income
$3,221Total noninterest expense
$1,734Salaries and employee benefits
$565Premises and equipment expense
$922Additional noninterest expense
$232Pre-tax net operating income
$0Securities gains (losses)
$8Applicable income taxes
$224Income before extraordinary items
$0Extraordinary gains - net
$224Net income attributable to bank
$0Net charge-offs
$224Cash dividends
$274Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.54%Yield on earning assets
1.01%Cost of funding earning assets
4.53%Net interest margin
1.08%Noninterest income to earning assets
4.79%Noninterest expense to earning assets
0.26%Net operating income to assets
0.26%Return on assets (ROA)
0.27%Pretax return on assets
3.55%Return on equity (ROE)
3.55%Retained earnings to average equity (YTD only)
0.49%Net charge-offs to loans
116.42%Credit loss provision to net charge-offs
2.01%Efficiency ratio
85,392Assets per employee
2.78%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.24%Loss allowance to noncurrent loans
117.06%Noncurrent assets plus other real estate owned to assets
1.42%Noncurrent loans to loans
1.06%Net loans and leases to deposits
68.60%Net loans and leases to core deposits
70.73%Equity capital to assets
8.03%Core capital (leverage) ratio
7.88%Tier 1 risk-based capital ratio
12.05%Total risk-based capital ratio
Memoranda
$13Average assets
$84,783Average earning assets
$6,315Average equity
$67,179Average loans

List of branches

3 Alabama Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	16909	First Bank Of The South	246 Main Street, Rainsville, AL 35986	Febuary 01, 1983	Full Service Brick and Mortar
2	257133	Henagar Branch	17583 Alabama Highway 75, Henagar, AL 35978	June 05, 1995	Full Service Brick and Mortar
3	257134	Grant Branch	4770 Main Street, Grant, AL 35747	March 02, 1998	Full Service Brick and Mortar

First Bank of the South in Rainsville, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Bank of the South - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Bank of the South in Rainsville, Alabama (AL)Overview, Financial Summary, Detailed Financial Reports, Branches

First Bank of the South - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First Bank of the South in Rainsville, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches