First National Bank South in Alma, Georgia (GA)



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First National Bank South
GeneralFDIC 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
WWW: http://www.fnbalma.com
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
LocationAddress: 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 ChangesChange in Geographic Region/Area/Territory/Field Office
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)85
Total assets$313,355
Cash and due from depository institutions$39,587
Interest-bearing balances$34,138
Securities$6,009
Federal funds sold & reverse repurchase agreements$2,620
Net loans & leases$246,854
Loan loss allowance $10,189
Trading account assets$0
Bank premises and fixed assets$3,046
Other real estate owned$5,102
Goodwill and other intangibles$0
All other assets$10,137
Life insurance assets$313,355
Total liabilities and capital$275,964
Total liabilities$274,123
Total deposits$219,462
Interest-bearing deposits$274,123
Deposits held in domestic offices$96
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,841
All other liabilities $37,391
Total equity capital$37,391
Total bank equity capital$37,391
Perpetual preferred stock$0
Common stock$300
Surplus$300
Undivided profits $36,791
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $12,153
Earning assets $0
Long-term assets (5+ years) $2,261
Average Assets, year-to-date $289,621
Average Assets, quarterly $21,637
Volatile liabilities $318,032
Insider loans $310,074
FHLB advances $225,967
Loans and leases held for sale $305,697
Unused loan commitments $465
Tier 1 (core) risk-based capital $465
Tier 2 risk-based capital $37,376
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $7,840
Derivatives$760
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $17,763
Total interest expense $3,553
Net interest income $14,210
Provision for loan and lease losses $7,313
Total noninterest income $3,421
Fiduciary activities $0
Service charges on deposit accounts $1,869
Trading account gains & fees $0
Additional noninterest income $1,552
Total noninterest expense $7,824
Salaries and employee benefits $3,400
Premises and equipment expense $964
Additional noninterest expense $3,460
Pre-tax net operating income $2,494
Securities gains (losses) $0
Applicable income taxes -$324
Income before extraordinary items $2,818
Extraordinary gains - net $0
Net income attributable to bank $2,818
Net charge-offs $0
Cash dividends $2,818
Sale, conversion, retirement of capital stock, net $5,321
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.07%
Cost of funding earning assets 1.21%
Net interest margin 4.85%
Noninterest income to earning assets 1.17%
Noninterest expense to earning assets 2.67%
Net operating income to assets 0.89%
Return on assets (ROA) 0.89%
Pretax return on assets 0.78%
Return on equity (ROE) 7.81%
Retained earnings to average equity (YTD only) 7.81%
Net charge-offs to loans 1.96%
Credit loss provision to net charge-offs 137.44%
Efficiency ratio1.84%
Assets per employee$44,376
Cash dividends to net income (YTD only)3.69%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.96%
Noncurrent assets plus other real estate owned to assets 83.84%
Noncurrent loans to loans 5.51%
Net loans and leases to deposits4.73%
Net loans and leases to core deposits 90.05%
Equity capital to assets 93.76%
Core capital (leverage) ratio 11.93%
Tier 1 risk-based capital ratio 12.23%
Total risk-based capital ratio 16.54%
Memoranda
Average assets$18
Average earning assets$318,032
Average equity $36,068
Average loans $292,711
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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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