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

Table of contents:
First State Bank of the South, Inc.
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Geographic Region/Area/Territory/Field Office
Financial SummaryTotal 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)
Total employees (full-time equivalent)40
Total assets$97,135
Cash and due from depository institutions$7,869
Interest-bearing balances$1,700
Securities$45,694
Federal funds sold & reverse repurchase agreements$75
Net loans & leases$35,000
Loan loss allowance $309
Trading account assets$0
Bank premises and fixed assets$3,096
Other real estate owned$236
Goodwill and other intangibles$0
All other assets$5,165
Life insurance assets$97,135
Total liabilities and capital$82,820
Total liabilities$80,562
Total deposits$68,395
Interest-bearing deposits$80,562
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$600
Other borrowed funds $0
Subordinated debt $1,658
All other liabilities $14,315
Total equity capital$14,315
Total bank equity capital$14,315
Perpetual preferred stock$0
Common stock$20
Surplus$480
Undivided profits $13,815
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $77
Earning assets $0
Long-term assets (5+ years) $617
Average Assets, year-to-date $82,469
Average Assets, quarterly $34,497
Volatile liabilities $95,735
Insider loans $96,700
FHLB advances $56,125
Loans and leases held for sale $97,504
Unused loan commitments $2,965
Tier 1 (core) risk-based capital $443
Tier 2 risk-based capital $13,431
Total risk weighted assets $2,522
Total unused commitments $0
Restructured Loans and leases $2,571
Derivatives$831
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,135
Total interest expense $881
Net interest income $3,254
Provision for loan and lease losses $83
Total noninterest income $849
Fiduciary activities $0
Service charges on deposit accounts $722
Trading account gains & fees $0
Additional noninterest income $127
Total noninterest expense $2,915
Salaries and employee benefits $1,704
Premises and equipment expense $470
Additional noninterest expense $741
Pre-tax net operating income $1,105
Securities gains (losses) $114
Applicable income taxes $204
Income before extraordinary items $1,015
Extraordinary gains - net $0
Net income attributable to bank $1,015
Net charge-offs $0
Cash dividends $1,015
Sale, conversion, retirement of capital stock, net $68
Net operating income $593
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.11%
Cost of funding earning assets 1.09%
Net interest margin 4.03%
Noninterest income to earning assets 1.05%
Noninterest expense to earning assets 3.61%
Net operating income to assets 0.96%
Return on assets (ROA) 1.06%
Pretax return on assets 1.27%
Return on equity (ROE) 7.48%
Retained earnings to average equity (YTD only) 3.11%
Net charge-offs to loans 0.19%
Credit loss provision to net charge-offs 122.06%
Efficiency ratio17.47%
Assets per employee$71,046
Cash dividends to net income (YTD only)2.43%
Condition Ratios (%)
Loss allowance to loans 58.42%
Loss allowance to noncurrent loans 0.88%
Noncurrent assets plus other real estate owned to assets 401.30%
Noncurrent loans to loans 0.32%
Net loans and leases to deposits0.22%
Net loans and leases to core deposits 43.44%
Equity capital to assets 44.69%
Core capital (leverage) ratio 14.74%
Tier 1 risk-based capital ratio 13.77%
Total risk-based capital ratio 23.93%
Memoranda
Average assets$24
Average earning assets$95,735
Average equity $13,561
Average loans $80,842
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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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