First South Bank in city_name, state_name - Detailed Financial Reports, Location

First South Bank in Jackson, Tennessee (TN)
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First South Bank routing number info

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

No	ID	Name	Address	Established	Service Type
0	5869	First South Bank	1862 Highway 45 Bypass, Jackson, TN 38305	April 18, 1903	Full Service Brick and Mortar
1	219587	Grand Junction Branch	Highway 57, Grand Junction, TN 38039	October 02, 1961	Full Service Brick and Mortar
3	219589	Crossroads Branch	State Highways 57 And 125, Middleton, TN 38052	October 11, 1980	Full Service Brick and Mortar
6	219592	South Jackson Branch	1955 South Highland Avenue, Jackson, TN 38301	September 09, 1996	Full Service Brick and Mortar
9	219593	West Main Branch	308 West Main, Brownsville, TN 38012	December 21, 1998	Full Service Brick and Mortar
10	356848	Stonebrook Branch	77 Stonebrook Place, Jackson, TN 38305	June 19, 2000	Full Service Brick and Mortar
11	446063	East Brownsville Branch	1519 East Main Street, Brownsville, TN 38012	November 30, 2005	Limited Service Facility
12	235647	Green Village Branch	602 Highway 51 By-Pass, Dyersburg, TN 38024	September 30, 1968	Full Service Brick and Mortar
13	218476	Dyersburg Branch	205 North Main Street, Dyersburg, TN 38024	April 06, 1981	Full Service Brick and Mortar
14	457613	Bolivar Branch	809 West Market Street, Bolivar, TN 38008	December 31, 2006	Full Service Brick and Mortar

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

First South Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

First South Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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