National Bank of the South in Tuscaloosa, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 1998

  • National Bank of the South in Tuscaloosa, Alabama (AL)
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National Bank of the South - Overview

  • General
  • FDIC Certificate #: 33899
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: National Bank of Commerce Tuscaloosa (#19780)
    Federal Reserve ID: 2198938
    Date Established: May 20, 1994
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    OTS Docket #: 13720
    FDIC's unique #: 54755
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: May 20, 1994
    Last Structure Change Effective Date: December 31, 1998
    Last Structure Change Process Date: Febuary 04, 1999
    Last Data Update: Febuary 04, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 1101 Greensboro Avenue, Tuscaloosa, AL 35401
    County: Tuscaloosa
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Shelby
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Tuscaloosa, AL (#8600)
    Core Based Statistical Area (CBSA): Tuscaloosa, AL (#46220)
    CBSA Metro Statistical Area: Tuscaloosa, AL (#46220)
  • Financial Summary
  • Total assets: $36.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 19Total employees (full-time equivalent)
  • $36,768Total assets
  • $2,192Cash and due from depository institutions
  • $1,405Interest-bearing balances
  • $4,700Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $27,343Net loans & leases
  • $264Loan loss allowance
  • $0Trading account assets
  • $782Bank premises and fixed assets
  • $39Other real estate owned
  • $1,295Goodwill and other intangibles
  • $0Life insurance assets
  • $417All other assets
  • $36,768Total liabilities and capital
  • $32,612Total liabilities
  • $32,043Total deposits
  • $30,794Interest-bearing deposits
  • $32,043Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $347Other borrowed funds
  • $0Subordinated debt
  • $222All other liabilities
  • $4,156Total equity capital
  • $4,156Total bank equity capital
  • $4,156Perpetual preferred stock
  • $0Common stock
  • $200Surplus
  • $4,251Undivided profits
  • Memoranda
  • $-295Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $754Earning assets
  • $0Long-term assets (5+ years)
  • $239Average Assets, year-to-date
  • $33,448Average Assets, quarterly
  • $5,427Volatile liabilities
  • $35,146Insider loans
  • $36,665FHLB advances
  • $5,082Loans and leases held for sale
  • $577Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,303Total unused commitments
  • $0Restructured Loans and leases
  • $24,884Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $2,987Total interest income
  • $1,548Total interest expense
  • $1,439Net interest income
  • $204Provision for loan and lease losses
  • $51Total noninterest income
  • $0Fiduciary activities
  • $46Service charges on deposit accounts
  • $0Trading account gains & fees
  • $5Additional noninterest income
  • $1,277Total noninterest expense
  • $563Salaries and employee benefits
  • $95Premises and equipment expense
  • $619Additional noninterest expense
  • $9Pre-tax net operating income
  • $1Securities gains (losses)
  • $7Applicable income taxes
  • $3Income before extraordinary items
  • $0Extraordinary gains - net
  • $3Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $122Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.35%Yield on earning assets
  • 4.84%Cost of funding earning assets
  • 4.50%Net interest margin
  • 0.16%Noninterest income to earning assets
  • 4.00%Noninterest expense to earning assets
  • 0.01%Net operating income to assets
  • 0.01%Return on assets (ROA)
  • 0.03%Pretax return on assets
  • 0.07%Return on equity (ROE)
  • 0.07%Retained earnings to average equity (YTD only)
  • 0.47%Net charge-offs to loans
  • 167.21%Credit loss provision to net charge-offs
  • 1.75%Efficiency ratio
  • 77,852Assets per employee
  • 1.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.96%Loss allowance to noncurrent loans
  • 35.01%Noncurrent assets plus other real estate owned to assets
  • 2.16%Noncurrent loans to loans
  • 2.73%Net loans and leases to deposits
  • 85.33%Net loans and leases to core deposits
  • 101.42%Equity capital to assets
  • 11.30%Core capital (leverage) ratio
  • 8.02%Tier 1 risk-based capital ratio
  • 11.46%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $35,146Average earning assets
  • $4,137Average equity
  • $31,955Average loans

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