First Southern Bank in Batesville, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 17, 2010

  • First Southern Bank in Batesville, Arkansas (AR)
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First Southern Bank - Overview

  • General
  • FDIC Certificate #: 58052
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Southern Bank (#28332)
    Federal Reserve ID: 3369940
    Date Established: August 01, 2005
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 437822
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: August 01, 2005
    Last Structure Change Effective Date: December 17, 2010
    Last Structure Change Process Date: December 20, 2010
    Last Data Update: December 20, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1583 South St. Louis Street, Batesville, AR 72501
    County: Independence
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Little Rock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Western
    Core Based Statistical Area (CBSA): Batesville, AR (#12900)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $191.8 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, 2009)

  • Dollar figures in thousands
  • 29Total employees (full-time equivalent)
  • $128,108Total assets
  • $2,090Cash and due from depository institutions
  • $189Interest-bearing balances
  • $25,083Securities
  • $2,500Federal funds sold & reverse repurchase agreements
  • $94,381Net loans & leases
  • $1,855Loan loss allowance
  • $0Trading account assets
  • $1,756Bank premises and fixed assets
  • $15Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,283All other assets
  • $128,108Total liabilities and capital
  • $115,094Total liabilities
  • $107,103Total deposits
  • $103,094Interest-bearing deposits
  • $107,103Deposits held in domestic offices
  • 93.19%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $7,768Other borrowed funds
  • $0Subordinated debt
  • $223All other liabilities
  • $13,014Total equity capital
  • $13,014Total bank equity capital
  • $13,014Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $13,595Undivided profits
  • Memoranda
  • $-582Noncurrent loans and leases
  • $6,961Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,808Earning assets
  • $0Long-term assets (5+ years)
  • $558Average Assets, year-to-date
  • $122,153Average Assets, quarterly
  • $33,160Volatile liabilities
  • $114,228Insider loans
  • $123,856FHLB advances
  • $39,805Loans and leases held for sale
  • $2,218Unused loan commitments
  • $7,768Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,961Total unused commitments
  • $0Restructured Loans and leases
  • $1,211Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $6,072Total interest income
  • $2,147Total interest expense
  • $3,925Net interest income
  • $1,844Provision for loan and lease losses
  • $142Total noninterest income
  • $0Fiduciary activities
  • $98Service charges on deposit accounts
  • $0Trading account gains & fees
  • $44Additional noninterest income
  • $2,958Total noninterest expense
  • $1,419Salaries and employee benefits
  • $382Premises and equipment expense
  • $1,157Additional noninterest expense
  • -$735Pre-tax net operating income
  • $376Securities gains (losses)
  • -$255Applicable income taxes
  • -$104Income before extraordinary items
  • $0Extraordinary gains - net
  • -$104Net income attributable to bank
  • $0Net charge-offs
  • -$104Cash dividends
  • $827Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.55%Yield on earning assets
  • 1.96%Cost of funding earning assets
  • 3.59%Net interest margin
  • 0.13%Noninterest income to earning assets
  • 2.70%Noninterest expense to earning assets
  • -0.30%Net operating income to assets
  • -0.09%Return on assets (ROA)
  • -0.31%Pretax return on assets
  • -0.79%Return on equity (ROE)
  • -0.79%Retained earnings to average equity (YTD only)
  • 0.94%Net charge-offs to loans
  • 222.97%Credit loss provision to net charge-offs
  • 1.34%Efficiency ratio
  • 72,732Assets per employee
  • 4.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.93%Loss allowance to noncurrent loans
  • 48.71%Noncurrent assets plus other real estate owned to assets
  • 2.98%Noncurrent loans to loans
  • 3.96%Net loans and leases to deposits
  • 88.12%Net loans and leases to core deposits
  • 140.24%Equity capital to assets
  • 10.16%Core capital (leverage) ratio
  • 11.16%Tier 1 risk-based capital ratio
  • 13.57%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $114,228Average earning assets
  • $13,171Average equity
  • $109,460Average loans

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