First Southern National Bank in Statesboro, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 19, 2011

  • First Southern National Bank in Statesboro, Georgia (GA)
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First Southern National Bank - Overview

  • General
  • FDIC Certificate #: 57239
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Heritage Bank of the South (#50028)
    Federal Reserve ID: 3051021
    Date Established: Febuary 05, 2002
    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)
    FDIC's unique #: 359917
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: Febuary 05, 2002
    Last Structure Change Effective Date: August 19, 2011
    Last Structure Change Process Date: August 22, 2011
    Last Data Update: August 22, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 South Main Street, Statesboro, GA 30459
    County: Bulloch
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Savannah
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Statesboro, GA (#44340)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $164.6 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, 2010)

  • Dollar figures in thousands
  • 40Total employees (full-time equivalent)
  • $173,627Total assets
  • $9,188Cash and due from depository institutions
  • $392Interest-bearing balances
  • $20,283Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $123,616Net loans & leases
  • $6,001Loan loss allowance
  • $0Trading account assets
  • $2,390Bank premises and fixed assets
  • $9,576Other real estate owned
  • $0Goodwill and other intangibles
  • $3,550Life insurance assets
  • $8,574All other assets
  • $173,628Total liabilities and capital
  • $167,507Total liabilities
  • $167,045Total deposits
  • $154,163Interest-bearing deposits
  • $167,045Deposits held in domestic offices
  • 80.56%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $462All other liabilities
  • $6,121Total equity capital
  • $6,121Total bank equity capital
  • $6,121Perpetual preferred stock
  • $0Common stock
  • $3,350Surplus
  • $18,700Undivided profits
  • Memoranda
  • $-15,929Noncurrent loans and leases
  • $8,232Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $19,097Earning assets
  • $0Long-term assets (5+ years)
  • $689Average Assets, year-to-date
  • $144,291Average Assets, quarterly
  • $22,418Volatile liabilities
  • $213,958Insider loans
  • $190,150FHLB advances
  • $70,996Loans and leases held for sale
  • $9,303Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $8,232Total unused commitments
  • $0Restructured Loans and leases
  • $1,641Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $9,071Total interest income
  • $3,939Total interest expense
  • $5,132Net interest income
  • $11,755Provision for loan and lease losses
  • -$1,627Total noninterest income
  • $0Fiduciary activities
  • $761Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$2,388Additional noninterest income
  • $5,325Total noninterest expense
  • $1,605Salaries and employee benefits
  • $500Premises and equipment expense
  • $3,220Additional noninterest expense
  • -$13,575Pre-tax net operating income
  • $400Securities gains (losses)
  • $1,189Applicable income taxes
  • -$14,364Income before extraordinary items
  • $0Extraordinary gains - net
  • -$14,364Net income attributable to bank
  • $0Net charge-offs
  • -$14,364Cash dividends
  • $10,523Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.06%Yield on earning assets
  • 2.20%Cost of funding earning assets
  • 2.86%Net interest margin
  • -0.91%Noninterest income to earning assets
  • 2.97%Noninterest expense to earning assets
  • -6.90%Net operating income to assets
  • -6.71%Return on assets (ROA)
  • -6.16%Pretax return on assets
  • -88.22%Return on equity (ROE)
  • -88.22%Retained earnings to average equity (YTD only)
  • 7.00%Net charge-offs to loans
  • 111.71%Credit loss provision to net charge-offs
  • -0.17%Efficiency ratio
  • 151,926Assets per employee
  • 4.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.63%Loss allowance to noncurrent loans
  • 31.42%Noncurrent assets plus other real estate owned to assets
  • 16.51%Noncurrent loans to loans
  • 14.73%Net loans and leases to deposits
  • 74.00%Net loans and leases to core deposits
  • 128.70%Equity capital to assets
  • 3.53%Core capital (leverage) ratio
  • 3.27%Tier 1 risk-based capital ratio
  • 4.70%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $213,958Average earning assets
  • $16,282Average equity
  • $179,357Average loans

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