First South Bank in Tallahassee, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 08, 2002

  • First South Bank in Tallahassee, Florida (FL)
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First South Bank - Overview

  • General
  • FDIC Certificate #: 32570
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company (#9846)
    Federal Reserve ID: 1163005
    Date Established: January 12, 1988
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8463
    FDIC's unique #: 45404
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: January 12, 1988
    Last Structure Change Effective Date: November 08, 2002
    Last Structure Change Process Date: December 03, 2002
    Last Data Update: December 03, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 3233 Thomasville Road, Tallahassee, FL 32312
    County: Leon
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Gainesville
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Tallahassee, FL (#8240)
    Core Based Statistical Area (CBSA): Tallahassee, FL (#45220)
    CBSA Metro Statistical Area: Tallahassee, FL (#45220)
  • Financial Summary
  • Total assets: $1,591.2 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, 2001)

  • Dollar figures in thousands
  • 323Total employees (full-time equivalent)
  • $1,606,402Total assets
  • $165,188Cash and due from depository institutions
  • $143,470Interest-bearing balances
  • $6,863Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,350,405Net loans & leases
  • $6,336Loan loss allowance
  • $0Trading account assets
  • $20,042Bank premises and fixed assets
  • $2,802Other real estate owned
  • $1,746Goodwill and other intangibles
  • $0Life insurance assets
  • $59,356All other assets
  • $1,606,402Total liabilities and capital
  • $1,504,009Total liabilities
  • $1,047,938Total deposits
  • $1,005,849Interest-bearing deposits
  • $1,047,938Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $449,800Other borrowed funds
  • $0Subordinated debt
  • $6,271All other liabilities
  • $102,393Total equity capital
  • $102,393Total bank equity capital
  • $102,393Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $70,332Undivided profits
  • Memoranda
  • $32,060Noncurrent loans and leases
  • $326,220Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $11,090Earning assets
  • $0Long-term assets (5+ years)
  • $7,074Average Assets, year-to-date
  • $1,500,738Average Assets, quarterly
  • $0Volatile liabilities
  • $1,588,947Insider loans
  • $1,619,664FHLB advances
  • $774,606Loans and leases held for sale
  • $3,411Unused loan commitments
  • $449,800Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $326,220Total unused commitments
  • $5,383Restructured Loans and leases
  • $6,336Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $109,912Total interest income
  • $76,181Total interest expense
  • $33,731Net interest income
  • $1,285Provision for loan and lease losses
  • $5,597Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5,597Additional noninterest income
  • $18,582Total noninterest expense
  • $8,916Salaries and employee benefits
  • $5,619Premises and equipment expense
  • $4,047Additional noninterest expense
  • $19,461Pre-tax net operating income
  • $4,562Securities gains (losses)
  • $9,175Applicable income taxes
  • $14,848Income before extraordinary items
  • $0Extraordinary gains - net
  • $14,848Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $45Sale, conversion, retirement of capital stock, net
  • $10,000Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.37%Yield on earning assets
  • 5.11%Cost of funding earning assets
  • 2.26%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 1.25%Noninterest expense to earning assets
  • 0.75%Net operating income to assets
  • 0.93%Return on assets (ROA)
  • 1.51%Pretax return on assets
  • 14.82%Return on equity (ROE)
  • 4.84%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 2855.56%Credit loss provision to net charge-offs
  • 461.02%Efficiency ratio
  • 46,819Assets per employee
  • 4.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 67.35%Loss allowance to loans
  • 0.47%Loss allowance to noncurrent loans
  • 57.13%Noncurrent assets plus other real estate owned to assets
  • 0.86%Noncurrent loans to loans
  • 0.82%Net loans and leases to deposits
  • 128.86%Net loans and leases to core deposits
  • 186.74%Equity capital to assets
  • 6.37%Core capital (leverage) ratio
  • 6.29%Tier 1 risk-based capital ratio
  • 10.50%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $1,588,947Average earning assets
  • $100,201Average equity
  • $1,491,534Average loans

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