One South Bank in Chipley, Florida (FL)



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Table of contents:
One South Bank
GeneralFDIC Certificate #: 58811
Status: Active
Federal Reserve ID: 3807880
Date Established: October 29, 2008
WWW: http://www.onesouthbank.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 1 (Domestic: 1, Interstate: No)
OTS Docket #: 18099
FDIC's unique #: 468987
Numeric code: 33
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Agricultural Specialization
Date of Deposit Insurance: October 29, 2008
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 1385 Main Street, Chipley, FL 32428
County: Washington
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Pensacola
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $30.6 mil
Equity capital: $5.5 mil
Deposits held in domestic offices: $25.0 mil
Return on assets (ROA): -1.43% (-$0.4 mil)
Quarterly return on assets: -0.72% (-$0.2 mil)
Return on Equity (ROE): -6.87% (-$0.4 mil)
Quarterly return on equity: -3.95% (-$0.2 mil)
Net income: -$0.4 mil
Quarterly Net income: -$0.1 mil
Pretax return on assets: -1.43% (-$437.3 mil)
Quarterly Pretax return on assets: -0.72% (-$220.2 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)7
Total assets$30,581
Cash and due from depository institutions$8,399
Interest-bearing balances$8,074
Securities$1,125
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$18,376
Loan loss allowance $197
Trading account assets$0
Bank premises and fixed assets$2,406
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$275
Life insurance assets$30,581
Total liabilities and capital$25,040
Total liabilities$25,002
Total deposits$23,414
Interest-bearing deposits$25,002
Deposits held in domestic offices$80
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $38
All other liabilities $5,541
Total equity capital$5,541
Total bank equity capital$5,541
Perpetual preferred stock$0
Common stock$2,500
Surplus$5,000
Undivided profits $-1,959
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 $0
Earning assets $0
Long-term assets (5+ years) $180
Average Assets, year-to-date $27,575
Average Assets, quarterly $3,932
Volatile liabilities $27,325
Insider loans $30,451
FHLB advances $18,725
Loans and leases held for sale $30,634
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $5,500
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,214
Derivatives$2,620
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $1,094
Total interest expense $297
Net interest income $797
Provision for loan and lease losses $43
Total noninterest income $20
Fiduciary activities $0
Service charges on deposit accounts $11
Trading account gains & fees $0
Additional noninterest income $9
Total noninterest expense $1,165
Salaries and employee benefits $510
Premises and equipment expense $202
Additional noninterest expense $453
Pre-tax net operating income -$391
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items -$391
Extraordinary gains - net $0
Net income attributable to bank -$391
Net charge-offs $0
Cash dividends -$391
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.73%
Cost of funding earning assets 1.28%
Net interest margin 3.45%
Noninterest income to earning assets 0.09%
Noninterest expense to earning assets 5.04%
Net operating income to assets -1.43%
Return on assets (ROA) -1.43%
Pretax return on assets -1.43%
Return on equity (ROE) -6.87%
Retained earnings to average equity (YTD only) -6.87%
Net charge-offs to loans 0.00%
Credit loss provision to net charge-offs 0.00%
Efficiency ratio0.00%
Assets per employee$142,595
Cash dividends to net income (YTD only)4.37%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.06%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 73.50%
Equity capital to assets 86.90%
Core capital (leverage) ratio 18.12%
Tier 1 risk-based capital ratio 17.95%
Total risk-based capital ratio 29.37%
Memoranda
Average assets$30
Average earning assets$27,325
Average equity $5,695
Average loans $23,131
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1 Florida Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0468987One South Bank1385 Main Street, Chipley, FL 32428October 29, 2008Full Service Brick and Mortar
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