First Southern Bank in Columbia, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • First Southern Bank in Columbia, Mississippi (MS)
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First Southern Bank - Overview

  • General
  • FDIC Certificate #: 31158
    Status: Active
    Federal Reserve ID: 954671
    Bank Holding Company (Regulatory Top Holder): First Federal Bancorp (RSSDID: 3394643, Location: Columbia, MS)
    Date Established: March 28, 1960
    WWW: http://www.fsb-ms.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 6468
    FDIC's unique #: 43992
    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: March 28, 1960
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1075 Highway 98, Columbia, MS 39429
    County: Marion
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Jackson Ms
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $199.1 mil
    Equity capital: $17.1 mil
    Deposits held in domestic offices: $162.4 mil
    Return on assets (ROA): 0.87% ($1.7 mil)
    Quarterly return on assets: 0.84% ($1.7 mil)
    Return on Equity (ROE): 10.39% ($1.8 mil)
    Quarterly return on equity: 9.83% ($1.7 mil)
    Net income: $1.7 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.87% ($1,732.4 mil)
    Quarterly Pretax return on assets: 0.84% ($1,672.6 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
  • 76Total employees (full-time equivalent)
  • $199,121Total assets
  • $11,290Cash and due from depository institutions
  • $6,727Interest-bearing balances
  • $29,491Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $142,565Net loans & leases
  • $2,275Loan loss allowance
  • $0Trading account assets
  • $7,184Bank premises and fixed assets
  • $1,495Other real estate owned
  • $0Goodwill and other intangibles
  • $199,121Life insurance assets
  • $7,096All other assets
  • $181,995Total liabilities and capital
  • $162,437Total liabilities
  • $142,708Total deposits
  • $162,437Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $19,132Trading liabilities
  • $0Other borrowed funds
  • $426Subordinated debt
  • $17,126All other liabilities
  • $17,126Total equity capital
  • $17,126Total bank equity capital
  • $0Perpetual preferred stock
  • $330Common stock
  • $6,612Surplus
  • $10,184Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $914Income earned, not collected on loans
  • $0Earning assets
  • $1,024Long-term assets (5+ years)
  • $178,783Average Assets, year-to-date
  • $16,492Average Assets, quarterly
  • $194,000Volatile liabilities
  • $198,471Insider loans
  • $150,804FHLB advances
  • $198,471Loans and leases held for sale
  • $3,364Unused loan commitments
  • $3,364Tier 1 (core) risk-based capital
  • $16,616Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,037Restructured Loans and leases
  • $3,067Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,141Total interest income
  • $2,094Total interest expense
  • $8,047Net interest income
  • $935Provision for loan and lease losses
  • $2,187Total noninterest income
  • $0Fiduciary activities
  • $1,162Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,025Additional noninterest income
  • $7,605Total noninterest expense
  • $4,630Salaries and employee benefits
  • $855Premises and equipment expense
  • $2,120Additional noninterest expense
  • $1,694Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,694Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,694Net income attributable to bank
  • $0Net charge-offs
  • $1,694Cash dividends
  • $901Sale, conversion, retirement of capital stock, net
  • $550Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.87%Yield on earning assets
  • 1.21%Cost of funding earning assets
  • 4.65%Net interest margin
  • 1.26%Noninterest income to earning assets
  • 4.40%Noninterest expense to earning assets
  • 0.87%Net operating income to assets
  • 0.87%Return on assets (ROA)
  • 0.87%Pretax return on assets
  • 10.39%Return on equity (ROE)
  • 7.01%Retained earnings to average equity (YTD only)
  • 0.62%Net charge-offs to loans
  • 103.77%Credit loss provision to net charge-offs
  • 2.92%Efficiency ratio
  • 74,311Assets per employee
  • 2.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 32.47%Loss allowance to loans
  • 1.57%Loss allowance to noncurrent loans
  • 248.91%Noncurrent assets plus other real estate owned to assets
  • 1.21%Noncurrent loans to loans
  • 0.63%Net loans and leases to deposits
  • 87.77%Net loans and leases to core deposits
  • 95.37%Equity capital to assets
  • 8.60%Core capital (leverage) ratio
  • 8.37%Tier 1 risk-based capital ratio
  • 11.02%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $194,000Average earning assets
  • $16,311Average equity
  • $172,890Average loans

List of branches

  • 7 Mississippi Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    043992First Southern Bank1075 Highway 98, Columbia, MS 39429March 28, 1960Full Service Brick and Mortar
    1444495Richton Branch502 North Front Street, Richton, MS 39476June 09, 2005Full Service Brick and Mortar
    3444546Picayune Branch1321 Highway43 North, Picayune, MS 39466October 15, 2000Full Service Brick and Mortar
    4450405Second Street Branch340 Second Street, Columbia, MS 39429April 20, 2001Full Service Brick and Mortar
    5450406Petal Branch1048 Highway 42, Petal, MS 39465November 07, 2005Full Service Brick and Mortar
    6477892Carriere Office Branch7360 Highway 11 North, Carriere, MS 39426August 01, 2007Full Service Brick and Mortar
    7477893Oak Grove Branch5248 Old Highway 11, Hattiesburg, MS 39402November 01, 2007Full Service Brick and Mortar

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