First South Bank in Jackson, Tennessee (TN)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • First South Bank in Jackson, Tennessee (TN)
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First South Bank - Overview

  • General
  • FDIC Certificate #: 9170
    Status: Active
    Federal Reserve ID: 327453
    Bank Holding Company (Regulatory Top Holder): Hardeman County Investment Company, Inc. (RSSDID: 1119075, Location: Jackson, TN)
    Date Established: April 18, 1903
    WWW: http://www.1stsouth.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    OTS Docket #: 13882
    FDIC's unique #: 5869
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 31, 2006
    Last Structure Change Process Date: January 10, 2007
    Last Data Update: January 10, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1862 Highway 45 Bypass, Jackson, TN 38305
    County: Madison
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Memphis
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Jackson, TN (#3580)
    Combined Statistical Area (CSA): Jackson-Humboldt, TN (#297)
    Core Based Statistical Area (CBSA): Jackson, TN (#27180)
    CBSA Metro Statistical Area: Jackson, TN (#27180)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $437.6 mil
    Equity capital: $51.9 mil
    Deposits held in domestic offices: $357.5 mil
    Return on assets (ROA): 1.35% ($5.9 mil)
    Quarterly return on assets: 1.02% ($4.5 mil)
    Return on Equity (ROE): 11.82% ($6.1 mil)
    Quarterly return on equity: 8.54% ($4.4 mil)
    Net income: $5.8 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 1.44% ($6,301.0 mil)
    Quarterly Pretax return on assets: 1.07% ($4,682.0 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
  • 130Total employees (full-time equivalent)
  • $437,566Total assets
  • $19,684Cash and due from depository institutions
  • $16,176Interest-bearing balances
  • $136,796Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $248,645Net loans & leases
  • $4,084Loan loss allowance
  • $0Trading account assets
  • $8,439Bank premises and fixed assets
  • $2,904Other real estate owned
  • $7,978Goodwill and other intangibles
  • $437,566Life insurance assets
  • $13,120All other assets
  • $385,656Total liabilities and capital
  • $357,481Total liabilities
  • $304,937Total deposits
  • $357,481Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 19183.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $3,992Subordinated debt
  • $51,910All other liabilities
  • $51,910Total equity capital
  • $51,910Total bank equity capital
  • $0Perpetual preferred stock
  • $33Common stock
  • $10,467Surplus
  • $41,410Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $793Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,380Income earned, not collected on loans
  • $560Earning assets
  • $1,865Long-term assets (5+ years)
  • $401,617Average Assets, year-to-date
  • $108,885Average Assets, quarterly
  • $430,399Volatile liabilities
  • $433,280Insider loans
  • $267,540FHLB advances
  • $431,118Loans and leases held for sale
  • $6,696Unused loan commitments
  • $1,325Tier 1 (core) risk-based capital
  • $40,674Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,371Total unused commitments
  • $40,426Restructured Loans and leases
  • $164Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $19,248Total interest income
  • $3,288Total interest expense
  • $15,960Net interest income
  • $945Provision for loan and lease losses
  • $4,931Total noninterest income
  • $0Fiduciary activities
  • $1,602Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,329Additional noninterest income
  • $13,999Total noninterest expense
  • $7,922Salaries and employee benefits
  • $1,881Premises and equipment expense
  • $4,196Additional noninterest expense
  • $5,947Pre-tax net operating income
  • $256Securities gains (losses)
  • $385Applicable income taxes
  • $5,818Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,818Net income attributable to bank
  • $0Net charge-offs
  • $5,818Cash dividends
  • $1,524Sale, conversion, retirement of capital stock, net
  • $2,065Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.88%Yield on earning assets
  • 0.83%Cost of funding earning assets
  • 4.05%Net interest margin
  • 1.25%Noninterest income to earning assets
  • 3.55%Noninterest expense to earning assets
  • 1.30%Net operating income to assets
  • 1.35%Return on assets (ROA)
  • 1.44%Pretax return on assets
  • 11.82%Return on equity (ROE)
  • 7.62%Retained earnings to average equity (YTD only)
  • 0.59%Net charge-offs to loans
  • 62.01%Credit loss provision to net charge-offs
  • 4.52%Efficiency ratio
  • 67,010Assets per employee
  • 3.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 35.49%Loss allowance to loans
  • 1.62%Loss allowance to noncurrent loans
  • 171.60%Noncurrent assets plus other real estate owned to assets
  • 1.21%Noncurrent loans to loans
  • 0.94%Net loans and leases to deposits
  • 69.55%Net loans and leases to core deposits
  • 72.84%Equity capital to assets
  • 11.86%Core capital (leverage) ratio
  • 9.43%Tier 1 risk-based capital ratio
  • 15.20%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $430,399Average earning assets
  • $49,239Average equity
  • $394,296Average loans

List of branches

  • 10 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05869First South Bank1862 Highway 45 Bypass, Jackson, TN 38305April 18, 1903Full Service Brick and Mortar
    1219587Grand Junction BranchHighway 57, Grand Junction, TN 38039October 02, 1961Full Service Brick and Mortar
    3219589Crossroads BranchState Highways 57 And 125, Middleton, TN 38052October 11, 1980Full Service Brick and Mortar
    6219592South Jackson Branch1955 South Highland Avenue, Jackson, TN 38301September 09, 1996Full Service Brick and Mortar
    9219593West Main Branch308 West Main, Brownsville, TN 38012December 21, 1998Full Service Brick and Mortar
    10356848Stonebrook Branch77 Stonebrook Place, Jackson, TN 38305June 19, 2000Full Service Brick and Mortar
    11446063East Brownsville Branch1519 East Main Street, Brownsville, TN 38012November 30, 2005Limited Service Facility
    12235647Green Village Branch602 Highway 51 By-Pass, Dyersburg, TN 38024September 30, 1968Full Service Brick and Mortar
    13218476Dyersburg Branch205 North Main Street, Dyersburg, TN 38024April 06, 1981Full Service Brick and Mortar
    14457613Bolivar Branch809 West Market Street, Bolivar, TN 38008December 31, 2006Full Service Brick and Mortar

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