First South Bank, National Association in Fort Valley, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1996

  • First South Bank, National Association in Fort Valley, Georgia (GA)
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First South Bank, National Association - Overview

  • General
  • FDIC Certificate #: 176
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Century South Bank of Central Georgia, National Association (#33733)
    Federal Reserve ID: 496630
    Date Established: October 15, 1924
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    OTS Docket #: 9394
    FDIC's unique #: 140
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 01, 1996
    Last Structure Change Process Date: July 10, 1996
    Last Data Update: April 11, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 110 North Camellia Boulevard, Fort Valley, GA 31030
    County: Peach
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Albany Ga
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Macon, GA (#4680)
    Combined Statistical Area (CSA): Macon-Warner Robins-Fort Valley, GA (#356)
    Core Based Statistical Area (CBSA): Fort Valley, GA (#22980)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $100.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $64Total assets
  • $105,485Cash and due from depository institutions
  • $6,354Interest-bearing balances
  • $0Securities
  • $24,705Federal funds sold & reverse repurchase agreements
  • $11,781Net loans & leases
  • $59,497Loan loss allowance
  • $1,095Trading account assets
  • $0Bank premises and fixed assets
  • $2,083Other real estate owned
  • $13Goodwill and other intangibles
  • $1,052Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $105,485Total liabilities
  • $97,384Total deposits
  • $82,289Interest-bearing deposits
  • $63,885Deposits held in domestic offices
  • 82289.00%% insured (estimated)
  • $78Federal funds purchased & repurchase agreements
  • $8,845Trading liabilities
  • $0Other borrowed funds
  • $5,000Subordinated debt
  • $0All other liabilities
  • $1,250Total equity capital
  • $1,250Total bank equity capital
  • $8,101Perpetual preferred stock
  • $0Common stock
  • $1,207Surplus
  • $4,741Undivided profits
  • Memoranda
  • $2,153Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $340Income earned, not collected on loans
  • $439Earning assets
  • $95,983Long-term assets (5+ years)
  • $12,771Average Assets, year-to-date
  • $108,701Average Assets, quarterly
  • $107,237Volatile liabilities
  • $17,824Insider loans
  • $1,232FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,690Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $7,491Total risk weighted assets
  • $66,837Total unused commitments
  • $0Restructured Loans and leases
  • $30,000Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $8,713Total interest expense
  • $3,843Net interest income
  • $4,870Provision for loan and lease losses
  • $170Total noninterest income
  • $940Fiduciary activities
  • $0Service charges on deposit accounts
  • $536Trading account gains & fees
  • $0Additional noninterest income
  • $404Total noninterest expense
  • $4,414Salaries and employee benefits
  • $1,992Premises and equipment expense
  • $745Additional noninterest expense
  • $1,677Pre-tax net operating income
  • $1,226Securities gains (losses)
  • $0Applicable income taxes
  • $345Income before extraordinary items
  • $881Extraordinary gains - net
  • $0Net income attributable to bank
  • $881Net charge-offs
  • $94Cash dividends
  • $450Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.81%Cost of funding earning assets
  • 3.89%Net interest margin
  • 4.93%Noninterest income to earning assets
  • 0.95%Noninterest expense to earning assets
  • 4.47%Net operating income to assets
  • 0.81%Return on assets (ROA)
  • 0.81%Pretax return on assets
  • 1.13%Return on equity (ROE)
  • 11.38%Retained earnings to average equity (YTD only)
  • 5.57%Net charge-offs to loans
  • 0.15%Credit loss provision to net charge-offs
  • 180.85%Efficiency ratio
  • 75,972Assets per employee
  • 1.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 51.08%Loss allowance to loans
  • 1.81%Loss allowance to noncurrent loans
  • 322.06%Noncurrent assets plus other real estate owned to assets
  • 0.33%Noncurrent loans to loans
  • 0.56%Net loans and leases to deposits
  • 72.30%Net loans and leases to core deposits
  • 81.16%Equity capital to assets
  • 7.68%Core capital (leverage) ratio
  • 7.14%Tier 1 risk-based capital ratio
  • 11.21%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $108,701Average earning assets
  • $7,740Average equity
  • $98,858Average loans

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