New South Federal Savings Bank in Irondale, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 18, 2009

  • New South Federal Savings Bank in Irondale, Alabama (AL)
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New South Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 32276
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Beal Bank, SSB (#32574)
    Federal Reserve ID: 207274
    Date Established: January 24, 1985
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8083
    FDIC's unique #: 45110
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: Febuary 26, 1985
    Last Structure Change Effective Date: December 18, 2009
    Last Structure Change Process Date: December 22, 2009
    Last Data Update: December 22, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 2000 Crestwood Blvd, Irondale, AL 35210
    County: Jefferson
    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
    Metropolitan Statistical Area (MSA): Birmingham, AL (#1000)
    Combined Statistical Area (CSA): Birmingham-Hoover-Cullman, AL (#142)
    Core Based Statistical Area (CBSA): Birmingham-Hoover, AL (#13820)
    CBSA Metro Statistical Area: Birmingham-Hoover, AL (#13820)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $1,464.1 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, 2008)

  • Dollar figures in thousands
  • 539Total employees (full-time equivalent)
  • $1,906,807Total assets
  • $11,903Cash and due from depository institutions
  • $9,233Interest-bearing balances
  • $283,297Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,525,351Net loans & leases
  • $23,849Loan loss allowance
  • $0Trading account assets
  • $5,538Bank premises and fixed assets
  • $40,620Other real estate owned
  • $3,857Goodwill and other intangibles
  • $0Life insurance assets
  • $36,241All other assets
  • $1,906,807Total liabilities and capital
  • $1,799,505Total liabilities
  • $1,281,214Total deposits
  • $1,275,976Interest-bearing deposits
  • $1,281,214Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $177,500Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $297,913Other borrowed funds
  • $0Subordinated debt
  • $42,878All other liabilities
  • $107,302Total equity capital
  • $107,302Total bank equity capital
  • $107,302Perpetual preferred stock
  • $0Common stock
  • $10Surplus
  • $38,765Undivided profits
  • Memoranda
  • $68,527Noncurrent loans and leases
  • $243,499Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $134,418Earning assets
  • $7,191Long-term assets (5+ years)
  • $9,991Average Assets, year-to-date
  • $1,817,881Average Assets, quarterly
  • $0Volatile liabilities
  • $1,940,165Insider loans
  • $1,925,420FHLB advances
  • $607,973Loans and leases held for sale
  • $0Unused loan commitments
  • $202,014Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $243,499Total unused commitments
  • $95,794Restructured Loans and leases
  • $15,922Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $129,781Total interest income
  • $70,626Total interest expense
  • $59,155Net interest income
  • $46,008Provision for loan and lease losses
  • $2,691Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • -$1,043Trading account gains & fees
  • $3,734Additional noninterest income
  • $65,318Total noninterest expense
  • $32,857Salaries and employee benefits
  • $8,168Premises and equipment expense
  • $24,293Additional noninterest expense
  • -$49,480Pre-tax net operating income
  • $23,603Securities gains (losses)
  • -$142Applicable income taxes
  • -$25,735Income before extraordinary items
  • $0Extraordinary gains - net
  • -$25,735Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $42,908Sale, conversion, retirement of capital stock, net
  • $1,800Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.97%Yield on earning assets
  • 3.80%Cost of funding earning assets
  • 3.18%Net interest margin
  • 0.14%Noninterest income to earning assets
  • 3.51%Noninterest expense to earning assets
  • -2.53%Net operating income to assets
  • -1.33%Return on assets (ROA)
  • -1.33%Pretax return on assets
  • -20.00%Return on equity (ROE)
  • -21.40%Retained earnings to average equity (YTD only)
  • 2.62%Net charge-offs to loans
  • 107.22%Credit loss provision to net charge-offs
  • -0.08%Efficiency ratio
  • 105,234Assets per employee
  • 3.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -6.99%Loss allowance to loans
  • 1.54%Loss allowance to noncurrent loans
  • 17.74%Noncurrent assets plus other real estate owned to assets
  • 9.18%Noncurrent loans to loans
  • 8.68%Net loans and leases to deposits
  • 119.06%Net loans and leases to core deposits
  • 132.79%Equity capital to assets
  • 5.63%Core capital (leverage) ratio
  • 5.94%Tier 1 risk-based capital ratio
  • 8.86%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $1,940,165Average earning assets
  • $128,685Average equity
  • $1,860,888Average loans

Total Fiduciary and Related Assets (December 31, 2008)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $55,189Managed Assets
  • 1Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 279Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $55,189Other retirement accounts
  • $55,189Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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