First Southern Bank in Carbondale, Illinois (IL)



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First Southern Bank
GeneralFDIC Certificate #: 3796
Status: Active
Federal Reserve ID: 719441
Bank Holding Company (Regulatory Top Holder): First Southern Bancshares, Inc (RSSDID: 3110450, Location: Carbondale, IL)
Date Established: January 01, 1905
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
FDIC's unique #: 2459
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: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: November 30, 2006
Last Structure Change Process Date: December 15, 2006
Last Data Update: December 15, 2006
Data Source Date: April 05, 2012
LocationAddress: 301 East Main Street, Carbondale, IL 62901
County: Jackson
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Chicago
FDIC Field Office: Mount Vernon
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Combined Statistical Area (CSA): Carbondale-Marion-Herrin, IL (#166)
Core Based Statistical Area (CBSA): Carbondale, IL (#16060)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Location
Financial SummaryTotal assets: $243.1 mil
Equity capital: $23.0 mil
Deposits held in domestic offices: $218.6 mil
Return on assets (ROA): 0.81% ($2.0 mil)
Quarterly return on assets: 0.87% ($2.1 mil)
Return on Equity (ROE): 8.96% ($2.1 mil)
Quarterly return on equity: 9.22% ($2.1 mil)
Net income: $1.9 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 1.15% ($2,796.0 mil)
Quarterly Pretax return on assets: 1.37% ($3,330.8 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)
Total employees (full-time equivalent)44
Total assets$243,127
Cash and due from depository institutions$9,491
Interest-bearing balances$8,045
Securities$47,905
Federal funds sold & reverse repurchase agreements$2,000
Net loans & leases$168,298
Loan loss allowance $3,093
Trading account assets$0
Bank premises and fixed assets$6,661
Other real estate owned$1,308
Goodwill and other intangibles$26
All other assets$7,438
Life insurance assets$243,127
Total liabilities and capital$220,146
Total liabilities$218,596
Total deposits$194,187
Interest-bearing deposits$218,596
Deposits held in domestic offices$82
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$272
Other borrowed funds $0
Subordinated debt $1,278
All other liabilities $22,981
Total equity capital$22,981
Total bank equity capital$22,981
Perpetual preferred stock$0
Common stock$60
Surplus$12,348
Undivided profits $10,573
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $6,706
Earning assets $0
Long-term assets (5+ years) $909
Average Assets, year-to-date $226,248
Average Assets, quarterly $49,450
Volatile liabilities $238,032
Insider loans $241,296
FHLB advances $184,106
Loans and leases held for sale $242,517
Unused loan commitments $3,727
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $22,348
Total risk weighted assets $3,727
Total unused commitments $0
Restructured Loans and leases $13,628
Derivatives$6,127
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $11,546
Total interest expense $2,047
Net interest income $9,499
Provision for loan and lease losses $1,675
Total noninterest income $809
Fiduciary activities $0
Service charges on deposit accounts $263
Trading account gains & fees $0
Additional noninterest income $546
Total noninterest expense $5,909
Salaries and employee benefits $2,932
Premises and equipment expense $683
Additional noninterest expense $2,294
Pre-tax net operating income $2,724
Securities gains (losses) $11
Applicable income taxes $798
Income before extraordinary items $1,937
Extraordinary gains - net $0
Net income attributable to bank $1,937
Net charge-offs $0
Cash dividends $1,937
Sale, conversion, retirement of capital stock, net $2,401
Net operating income $150
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.22%
Cost of funding earning assets 0.93%
Net interest margin 4.29%
Noninterest income to earning assets 0.37%
Noninterest expense to earning assets 2.67%
Net operating income to assets 0.81%
Return on assets (ROA) 0.81%
Pretax return on assets 1.15%
Return on equity (ROE) 8.96%
Retained earnings to average equity (YTD only) 8.27%
Net charge-offs to loans 1.34%
Credit loss provision to net charge-offs 69.76%
Efficiency ratio1.83%
Assets per employee$56,820
Cash dividends to net income (YTD only)5.53%
Condition Ratios (%)
Loss allowance to loans 7.74%
Loss allowance to noncurrent loans 1.80%
Noncurrent assets plus other real estate owned to assets 46.12%
Noncurrent loans to loans 3.30%
Net loans and leases to deposits3.91%
Net loans and leases to core deposits 76.99%
Equity capital to assets 83.78%
Core capital (leverage) ratio 9.45%
Tier 1 risk-based capital ratio 9.22%
Total risk-based capital ratio 12.14%
Memoranda
Average assets$13
Average earning assets$238,032
Average equity $21,614
Average loans $221,202
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4 Illinois Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
02459First Southern Bank301 East Main Street, Carbondale, IL 62901January 01, 1905Full Service Brick and Mortar
3457106Grand Tower Branch628 Front Street, Grand Tower, IL 62942November 30, 2006Full Service Brick and Mortar
4473065Murphysboro Branch109 East Walnut Street, Murphysboro, IL 62966March 06, 2008Full Service Brick and Mortar
5473073Carbondale West Branch2500 West Murphysboro Road, Carbondale, IL 62901March 06, 2008Full Service Brick and Mortar
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