First Southern State Bank in Stevenson, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches


First Southern State Bank - Overview

  • General
  • FDIC Certificate #: 2829
    Status: Active
    Federal Reserve ID: 246134
    Bank Holding Company (Regulatory Top Holder): First Bancshares Of Stevenson, Inc. (RSSDID: 1869987, Location: Stevenson, AL)
    Date Established: October 01, 1910
    WWW: http://www.fssbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 12485
    FDIC's unique #: 1850
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: Febuary 24, 2011
    Last Structure Change Process Date: Febuary 24, 2011
    Last Data Update: Febuary 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 80 Bank Street, Stevenson, AL 35772
    County: Jackson
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Shelby
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Scottsboro, AL (#42460)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $331.3 mil
    Equity capital: $32.8 mil
    Deposits held in domestic offices: $285.1 mil
    Return on assets (ROA): 0.61% ($2.0 mil)
    Quarterly return on assets: 0.68% ($2.3 mil)
    Return on Equity (ROE): 6.24% ($2.1 mil)
    Quarterly return on equity: 6.78% ($2.2 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 0.77% ($2,551.1 mil)
    Quarterly Pretax return on assets: 0.90% ($2,981.8 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
  • 86Total employees (full-time equivalent)
  • $331,316Total assets
  • $30,761Cash and due from depository institutions
  • $3,210Interest-bearing balances
  • $91,407Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $183,100Net loans & leases
  • $2,691Loan loss allowance
  • $0Trading account assets
  • $9,674Bank premises and fixed assets
  • $1,371Other real estate owned
  • $1,035Goodwill and other intangibles
  • $331,316Life insurance assets
  • $13,968All other assets
  • $298,489Total liabilities and capital
  • $285,142Total liabilities
  • $259,362Total deposits
  • $285,142Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $3,347Subordinated debt
  • $32,827All other liabilities
  • $32,827Total equity capital
  • $32,827Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $1,275Surplus
  • $31,502Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,245Income earned, not collected on loans
  • $0Earning assets
  • $1,584Long-term assets (5+ years)
  • $277,717Average Assets, year-to-date
  • $94,250Average Assets, quarterly
  • $334,307Volatile liabilities
  • $330,043Insider loans
  • $213,833FHLB advances
  • $325,590Loans and leases held for sale
  • $7,126Unused loan commitments
  • $7,126Tier 1 (core) risk-based capital
  • $31,263Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,155Restructured Loans and leases
  • $7,023Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,049Total interest income
  • $3,635Total interest expense
  • $11,414Net interest income
  • $3,500Provision for loan and lease losses
  • $1,942Total noninterest income
  • $0Fiduciary activities
  • $1,554Service charges on deposit accounts
  • $0Trading account gains & fees
  • $388Additional noninterest income
  • $7,990Total noninterest expense
  • $3,998Salaries and employee benefits
  • $1,133Premises and equipment expense
  • $2,859Additional noninterest expense
  • $1,866Pre-tax net operating income
  • $707Securities gains (losses)
  • $550Applicable income taxes
  • $2,023Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,023Net income attributable to bank
  • $0Net charge-offs
  • $2,023Cash dividends
  • $4,103Sale, conversion, retirement of capital stock, net
  • $1,420Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.28%Yield on earning assets
  • 1.27%Cost of funding earning assets
  • 4.00%Net interest margin
  • 0.68%Noninterest income to earning assets
  • 2.80%Noninterest expense to earning assets
  • 0.44%Net operating income to assets
  • 0.61%Return on assets (ROA)
  • 0.77%Pretax return on assets
  • 6.24%Return on equity (ROE)
  • 1.86%Retained earnings to average equity (YTD only)
  • 2.11%Net charge-offs to loans
  • 85.30%Credit loss provision to net charge-offs
  • 1.31%Efficiency ratio
  • 58,595Assets per employee
  • 3.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 70.19%Loss allowance to loans
  • 1.45%Loss allowance to noncurrent loans
  • 119.87%Noncurrent assets plus other real estate owned to assets
  • 1.09%Noncurrent loans to loans
  • 1.21%Net loans and leases to deposits
  • 64.21%Net loans and leases to core deposits
  • 66.79%Equity capital to assets
  • 9.91%Core capital (leverage) ratio
  • 9.60%Tier 1 risk-based capital ratio
  • 14.62%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $334,307Average earning assets
  • $32,411Average equity
  • $285,223Average loans

List of branches

  • 8 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01850First Southern State Bank80 Bank Street, Stevenson, AL 35772October 01, 1910Full Service Brick and Mortar
    1194465The Sand Mountain BranchHighway 71, Higdon, AL 35979August 08, 1967Full Service Brick and Mortar
    3194467Scottsboro Branch20 Micah Way, Scottsboro, AL 35769August 12, 1996Full Service Brick and Mortar
    4180938Rainsville Branch403 Main Street West, Rainsville, AL 35986October 31, 1994Full Service Brick and Mortar
    5180947Fort Payne Branch1820 Glen Boulevard, Fort Payne, AL 35967November 10, 1997Full Service Brick and Mortar
    65797West Main Street Branch201 West Main Street, Centre, AL 35960December 15, 1917Full Service Brick and Mortar
    7219362Leesburg BranchState Highway 68 And County Highway 44, Leesburg, AL 35983November 26, 1973Full Service Brick and Mortar
    8491882Fort Payne Branch2128 Gault Ave N, Fort Payne, AL 35967September 11, 2008Full Service Brick and Mortar

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