First National Bank South in Alma, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First National Bank South - Overview

  • General
  • FDIC Certificate #: 17011
    Status: Active
    Federal Reserve ID: 12030
    Bank Holding Company (Regulatory Top Holder): First Bank Shares Of The South East, Inc. (RSSDID: 1134041, Location: Alma, GA)
    Date Established: Febuary 15, 1950
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 12295
    FDIC's unique #: 11082
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 01, 1951
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 423 West 12th Street, Alma, GA 31510
    County: Bacon
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Savannah
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $313.4 mil
    Equity capital: $37.4 mil
    Deposits held in domestic offices: $274.1 mil
    Return on assets (ROA): 0.89% ($2.8 mil)
    Quarterly return on assets: 0.42% ($1.3 mil)
    Return on Equity (ROE): 7.81% ($2.9 mil)
    Quarterly return on equity: 3.52% ($1.3 mil)
    Net income: $2.8 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.78% ($2,444.2 mil)
    Quarterly Pretax return on assets: 0.01% ($31.3 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
  • 85Total employees (full-time equivalent)
  • $313,355Total assets
  • $39,587Cash and due from depository institutions
  • $34,138Interest-bearing balances
  • $6,009Securities
  • $2,620Federal funds sold & reverse repurchase agreements
  • $246,854Net loans & leases
  • $10,189Loan loss allowance
  • $0Trading account assets
  • $3,046Bank premises and fixed assets
  • $5,102Other real estate owned
  • $0Goodwill and other intangibles
  • $313,355Life insurance assets
  • $10,137All other assets
  • $275,964Total liabilities and capital
  • $274,123Total liabilities
  • $219,462Total deposits
  • $274,123Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,841Subordinated debt
  • $37,391All other liabilities
  • $37,391Total equity capital
  • $37,391Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $300Surplus
  • $36,791Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12,153Income earned, not collected on loans
  • $0Earning assets
  • $2,261Long-term assets (5+ years)
  • $289,621Average Assets, year-to-date
  • $21,637Average Assets, quarterly
  • $318,032Volatile liabilities
  • $310,074Insider loans
  • $225,967FHLB advances
  • $305,697Loans and leases held for sale
  • $465Unused loan commitments
  • $465Tier 1 (core) risk-based capital
  • $37,376Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,840Restructured Loans and leases
  • $760Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,763Total interest income
  • $3,553Total interest expense
  • $14,210Net interest income
  • $7,313Provision for loan and lease losses
  • $3,421Total noninterest income
  • $0Fiduciary activities
  • $1,869Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,552Additional noninterest income
  • $7,824Total noninterest expense
  • $3,400Salaries and employee benefits
  • $964Premises and equipment expense
  • $3,460Additional noninterest expense
  • $2,494Pre-tax net operating income
  • $0Securities gains (losses)
  • -$324Applicable income taxes
  • $2,818Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,818Net income attributable to bank
  • $0Net charge-offs
  • $2,818Cash dividends
  • $5,321Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.07%Yield on earning assets
  • 1.21%Cost of funding earning assets
  • 4.85%Net interest margin
  • 1.17%Noninterest income to earning assets
  • 2.67%Noninterest expense to earning assets
  • 0.89%Net operating income to assets
  • 0.89%Return on assets (ROA)
  • 0.78%Pretax return on assets
  • 7.81%Return on equity (ROE)
  • 7.81%Retained earnings to average equity (YTD only)
  • 1.96%Net charge-offs to loans
  • 137.44%Credit loss provision to net charge-offs
  • 1.84%Efficiency ratio
  • 44,376Assets per employee
  • 3.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.96%Loss allowance to noncurrent loans
  • 83.84%Noncurrent assets plus other real estate owned to assets
  • 5.51%Noncurrent loans to loans
  • 4.73%Net loans and leases to deposits
  • 90.05%Net loans and leases to core deposits
  • 93.76%Equity capital to assets
  • 11.93%Core capital (leverage) ratio
  • 12.23%Tier 1 risk-based capital ratio
  • 16.54%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $318,032Average earning assets
  • $36,068Average equity
  • $292,711Average loans

List of branches

  • 4 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011082First National Bank South423 West 12th Street, Alma, GA 31510Febuary 15, 1950Full Service Brick and Mortar
    2240159Baxley Branch304 West Parker Street, Baxley, GA 31513December 01, 1997Full Service Brick and Mortar
    3359057Fnb South Branch914 South Peterson Avenue, Douglas, GA 31533January 08, 2001Full Service Brick and Mortar
    4364365Folkston Branch300 North Second Street, Folkston, GA 31537July 29, 2002Full Service Brick and Mortar

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