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- Banks in Florida (FL)
- First South Bank
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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- Banks in Florida (FL)
- First South Bank
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