First State Bank of the South, Inc. in city_name, state_name

First State Bank of the South, Inc. in Sulligent, Alabama (AL)
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First State Bank of the South, Inc. routing number info

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
WWW: http://www.firststatebanksouth.com
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

No	ID	Name	Address	Established	Service Type
0	14549	First State Bank Of The South, Inc.	5856 Highway 278, Sulligent, AL 35586	April 20, 1973	Full Service Brick and Mortar
1	252134	Beaverton Branch	100 Main Street, Beaverton, AL 35544	March 15, 1976	Full Service Brick and Mortar
2	252135	Third Avenue Branch	Highway 78 And 3rd Avenue, Hamilton, AL 35570	July 06, 1992	Full Service Brick and Mortar
3	252136	Winfield Branch	U.S. Highway 78 And 43 And Meadow Lark Road, Winfield, AL 35594	November 04, 1996	Full Service Brick and Mortar
4	478327	Northport Branch	5520 Mcfarland Boulevard, Northport, AL 35476	January 31, 2008	Full Service Brick and Mortar

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. - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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. - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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