Old Southern Bank in Orlando, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 12, 2010

  • Old Southern Bank in Orlando, Florida (FL)
  • Show street view No street view available for this location

Old Southern Bank - Overview

  • General
  • FDIC Certificate #: 58182
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Centennial Bank (#11241)
    Federal Reserve ID: 3414046
    Date Established: April 24, 2006
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 7 (Interstate: No)
    FDIC's unique #: 441415
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 24, 2006
    Last Structure Change Effective Date: March 12, 2010
    Last Structure Change Process Date: March 15, 2010
    Last Data Update: March 15, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 250 N. Orange Ave., Orlando, FL 32801
    County: Orange
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Tampa
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Orlando, FL (#5960)
    Combined Statistical Area (CSA): Orlando-Deltona-Daytona Beach, FL (#422)
    Core Based Statistical Area (CBSA): Orlando-Kissimmee-Sanford, FL (#36740)
    CBSA Metro Statistical Area: Orlando-Kissimmee-Sanford, FL (#36740)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $336.4 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, 2009)

  • Dollar figures in thousands
  • 62Total employees (full-time equivalent)
  • $336,390Total assets
  • $6,181Cash and due from depository institutions
  • $0Interest-bearing balances
  • $41,915Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $254,269Net loans & leases
  • $20,821Loan loss allowance
  • $0Trading account assets
  • $10,478Bank premises and fixed assets
  • $7,619Other real estate owned
  • $0Goodwill and other intangibles
  • $6,590Life insurance assets
  • $15,928All other assets
  • $336,390Total liabilities and capital
  • $327,370Total liabilities
  • $319,746Total deposits
  • $292,654Interest-bearing deposits
  • $319,746Deposits held in domestic offices
  • 86.18%% insured (estimated)
  • $6,005Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,619All other liabilities
  • $9,020Total equity capital
  • $9,020Total bank equity capital
  • $9,020Perpetual preferred stock
  • $0Common stock
  • $16,510Surplus
  • $34,259Undivided profits
  • Memoranda
  • $-41,749Noncurrent loans and leases
  • $23,165Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $38,111Earning assets
  • $0Long-term assets (5+ years)
  • $1,150Average Assets, year-to-date
  • $296,184Average Assets, quarterly
  • $74,511Volatile liabilities
  • $366,023Insider loans
  • $360,011FHLB advances
  • $106,433Loans and leases held for sale
  • $10,248Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $23,165Total unused commitments
  • $8,258Restructured Loans and leases
  • $2,186Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $16,670Total interest income
  • $9,420Total interest expense
  • $7,250Net interest income
  • $28,884Provision for loan and lease losses
  • $812Total noninterest income
  • $0Fiduciary activities
  • $517Service charges on deposit accounts
  • $0Trading account gains & fees
  • $295Additional noninterest income
  • $13,444Total noninterest expense
  • $4,479Salaries and employee benefits
  • $3,179Premises and equipment expense
  • $5,786Additional noninterest expense
  • -$34,266Pre-tax net operating income
  • $143Securities gains (losses)
  • -$1,586Applicable income taxes
  • -$32,537Income before extraordinary items
  • $0Extraordinary gains - net
  • -$32,537Net income attributable to bank
  • $0Net charge-offs
  • -$32,537Cash dividends
  • $13,434Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.13%Yield on earning assets
  • 2.90%Cost of funding earning assets
  • 2.23%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 4.13%Noninterest expense to earning assets
  • -8.93%Net operating income to assets
  • -8.89%Return on assets (ROA)
  • -9.32%Pretax return on assets
  • -106.30%Return on equity (ROE)
  • -106.30%Retained earnings to average equity (YTD only)
  • 4.89%Net charge-offs to loans
  • 215.01%Credit loss provision to net charge-offs
  • -0.40%Efficiency ratio
  • 166,758Assets per employee
  • 5.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 7.57%Loss allowance to noncurrent loans
  • 54.63%Noncurrent assets plus other real estate owned to assets
  • 13.59%Noncurrent loans to loans
  • 13.85%Net loans and leases to deposits
  • 79.52%Net loans and leases to core deposits
  • 115.94%Equity capital to assets
  • 2.68%Core capital (leverage) ratio
  • 0.60%Tier 1 risk-based capital ratio
  • 0.75%Total risk-based capital ratio
  • Memoranda
  • $2Average assets
  • $366,023Average earning assets
  • $30,610Average equity
  • $325,176Average loans

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