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
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First South Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: