First State Bank of the South, Inc. in Sulligent, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First State Bank of the South, Inc. in Sulligent, Alabama (AL)
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First State Bank of the South, Inc. - Overview

  • General
  • FDIC Certificate #: 21050
    Status: Active
    Federal Reserve ID: 250430
    Bank Holding Company (Regulatory Top Holder): First State Holding Corp. (RSSDID: 1132289, Location: Sulligent, AL)
    Date Established: April 20, 1973
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 14549
    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: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: April 20, 1973
    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: 5856 Highway 278, Sulligent, AL 35586
    County: Lamar
    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
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $97.1 mil
    Equity capital: $14.3 mil
    Deposits held in domestic offices: $80.6 mil
    Return on assets (ROA): 1.06% ($1.0 mil)
    Quarterly return on assets: 1.01% ($1.0 mil)
    Return on Equity (ROE): 7.48% ($1.0 mil)
    Quarterly return on equity: 6.86% ($1.0 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.27% ($1,233.6 mil)
    Quarterly Pretax return on assets: 1.20% ($1,165.6 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
  • 40Total employees (full-time equivalent)
  • $97,135Total assets
  • $7,869Cash and due from depository institutions
  • $1,700Interest-bearing balances
  • $45,694Securities
  • $75Federal funds sold & reverse repurchase agreements
  • $35,000Net loans & leases
  • $309Loan loss allowance
  • $0Trading account assets
  • $3,096Bank premises and fixed assets
  • $236Other real estate owned
  • $0Goodwill and other intangibles
  • $97,135Life insurance assets
  • $5,165All other assets
  • $82,820Total liabilities and capital
  • $80,562Total liabilities
  • $68,395Total deposits
  • $80,562Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $600Trading liabilities
  • $0Other borrowed funds
  • $1,658Subordinated debt
  • $14,315All other liabilities
  • $14,315Total equity capital
  • $14,315Total bank equity capital
  • $0Perpetual preferred stock
  • $20Common stock
  • $480Surplus
  • $13,815Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $77Income earned, not collected on loans
  • $0Earning assets
  • $617Long-term assets (5+ years)
  • $82,469Average Assets, year-to-date
  • $34,497Average Assets, quarterly
  • $95,735Volatile liabilities
  • $96,700Insider loans
  • $56,125FHLB advances
  • $97,504Loans and leases held for sale
  • $2,965Unused loan commitments
  • $443Tier 1 (core) risk-based capital
  • $13,431Tier 2 risk-based capital
  • $2,522Total risk weighted assets
  • $0Total unused commitments
  • $2,571Restructured Loans and leases
  • $831Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,135Total interest income
  • $881Total interest expense
  • $3,254Net interest income
  • $83Provision for loan and lease losses
  • $849Total noninterest income
  • $0Fiduciary activities
  • $722Service charges on deposit accounts
  • $0Trading account gains & fees
  • $127Additional noninterest income
  • $2,915Total noninterest expense
  • $1,704Salaries and employee benefits
  • $470Premises and equipment expense
  • $741Additional noninterest expense
  • $1,105Pre-tax net operating income
  • $114Securities gains (losses)
  • $204Applicable income taxes
  • $1,015Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,015Net income attributable to bank
  • $0Net charge-offs
  • $1,015Cash dividends
  • $68Sale, conversion, retirement of capital stock, net
  • $593Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.11%Yield on earning assets
  • 1.09%Cost of funding earning assets
  • 4.03%Net interest margin
  • 1.05%Noninterest income to earning assets
  • 3.61%Noninterest expense to earning assets
  • 0.96%Net operating income to assets
  • 1.06%Return on assets (ROA)
  • 1.27%Pretax return on assets
  • 7.48%Return on equity (ROE)
  • 3.11%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 122.06%Credit loss provision to net charge-offs
  • 17.47%Efficiency ratio
  • 71,046Assets per employee
  • 2.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 58.42%Loss allowance to loans
  • 0.88%Loss allowance to noncurrent loans
  • 401.30%Noncurrent assets plus other real estate owned to assets
  • 0.32%Noncurrent loans to loans
  • 0.22%Net loans and leases to deposits
  • 43.44%Net loans and leases to core deposits
  • 44.69%Equity capital to assets
  • 14.74%Core capital (leverage) ratio
  • 13.77%Tier 1 risk-based capital ratio
  • 23.93%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $95,735Average earning assets
  • $13,561Average equity
  • $80,842Average loans

List of branches

  • 5 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014549First State Bank Of The South, Inc.5856 Highway 278, Sulligent, AL 35586April 20, 1973Full Service Brick and Mortar
    1252134Beaverton Branch100 Main Street, Beaverton, AL 35544March 15, 1976Full Service Brick and Mortar
    2252135Third Avenue BranchHighway 78 And 3rd Avenue, Hamilton, AL 35570July 06, 1992Full Service Brick and Mortar
    3252136Winfield BranchU.S. Highway 78 And 43 And Meadow Lark Road, Winfield, AL 35594November 04, 1996Full Service Brick and Mortar
    4478327Northport Branch5520 Mcfarland Boulevard, Northport, AL 35476January 31, 2008Full Service Brick and Mortar

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