First South Bank of Ben Hill County, National Association in Fitzgerald, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 06, 1994

First South Bank of Ben Hill County, National Association in Fitzgerald, Georgia (GA)
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First South Bank of Ben Hill County, National Association - Overview

General
FDIC Certificate #: 33732
Status: Inactive
Federal Reserve ID: 1212798
Date Established: October 30, 1992
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
OTS Docket #: 11486
FDIC's unique #: 47844
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: October 30, 1992
Last Structure Change Effective Date: December 06, 1994
Last Structure Change Process Date: Febuary 15, 1995
Last Data Update: Febuary 15, 1995
Data Source Date: April 05, 2012
Location
Address: 301 West Central Avenue, Fitzgerald, GA 31750
County: Ben Hill
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
Core Based Statistical Area (CBSA): Fitzgerald, GA (#22340)
CBSA Micro Statistical Area: Yes
History of Changes
Other Liquidations and Closings
Financial Summary
Total assets: $17.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$8Total assets
$20,625Cash and due from depository institutions
$1,086Interest-bearing balances
$0Securities
$3,618Federal funds sold & reverse repurchase agreements
$2,385Net loans & leases
$13,209Loan loss allowance
$166Trading account assets
$0Bank premises and fixed assets
$230Other real estate owned
$0Goodwill and other intangibles
$97Life insurance assets
$0All other assets
$0Total liabilities and capital
$20,625Total liabilities
$19,044Total deposits
$18,951Interest-bearing deposits
$18,176Deposits held in domestic offices
18951.00%% insured (estimated)
$82Federal funds purchased & repurchase agreements
$21Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$72Total equity capital
$72Total bank equity capital
$1,581Perpetual preferred stock
$0Common stock
$500Surplus
$1,000Undivided profits
Memoranda
$81Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$71Earning assets
$19,212Long-term assets (5+ years)
$292Average Assets, year-to-date
$19,652Average Assets, quarterly
$19,461Volatile liabilities
$1,026Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$377Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,581Total risk weighted assets
$11,973Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$1,159Total interest expense
$613Net interest income
$546Provision for loan and lease losses
$1Total noninterest income
$157Fiduciary activities
$0Service charges on deposit accounts
$108Trading account gains & fees
$0Additional noninterest income
$49Total noninterest expense
$527Salaries and employee benefits
$265Premises and equipment expense
$71Additional noninterest expense
$191Pre-tax net operating income
$175Securities gains (losses)
$0Applicable income taxes
$56Income before extraordinary items
$119Extraordinary gains - net
$0Net income attributable to bank
$119Net charge-offs
$1Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.39%Cost of funding earning assets
3.38%Net interest margin
3.01%Noninterest income to earning assets
0.87%Noninterest expense to earning assets
2.91%Net operating income to assets
0.61%Return on assets (ROA)
0.61%Pretax return on assets
0.89%Return on equity (ROE)
8.53%Retained earnings to average equity (YTD only)
8.53%Net charge-offs to loans
0.01%Credit loss provision to net charge-offs
100.00%Efficiency ratio
74,964Assets per employee
2.58%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.24%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
69.70%Net loans and leases to core deposits
73.60%Equity capital to assets
7.67%Core capital (leverage) ratio
8.62%Tier 1 risk-based capital ratio
13.20%Total risk-based capital ratio
Memoranda
$14Average assets
$19,652Average earning assets
$1,395Average equity
$18,124Average loans

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