Peoples Southern Bank in Clanton, Alabama (AL)



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Peoples Southern Bank
GeneralFDIC Certificate #: 850
Status: Active
Federal Reserve ID: 601733
Bank Holding Company (Regulatory Top Holder): Psb Bancshares, Inc. (RSSDID: 1426906, Location: Clanton, AL)
Date Established: January 01, 1901
WWW: http://www.peoplessouthern.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 536
Numeric code: 13
Regulator: FED
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: Yes
Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
Date of Deposit Insurance: January 01, 1934
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: 620 Second Avenue North, Clanton, AL 35045
County: Chilton
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
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 ChangesChange in Geographic Region/Area/Territory/Field Office
Financial SummaryTotal assets: $149.2 mil
Equity capital: $22.9 mil
Deposits held in domestic offices: $126.1 mil
Return on assets (ROA): 1.19% ($1.8 mil)
Quarterly return on assets: 1.30% ($1.9 mil)
Return on Equity (ROE): 7.77% ($1.8 mil)
Quarterly return on equity: 8.40% ($1.9 mil)
Net income: $1.7 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 1.24% ($1,850.0 mil)
Quarterly Pretax return on assets: 1.36% ($2,029.1 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)50
Total assets$149,195
Cash and due from depository institutions$25,062
Interest-bearing balances$13,088
Securities$64,358
Federal funds sold & reverse repurchase agreements$5,754
Net loans & leases$50,916
Loan loss allowance $1,287
Trading account assets$0
Bank premises and fixed assets$1,764
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,341
Life insurance assets$149,195
Total liabilities and capital$126,305
Total liabilities$126,108
Total deposits$94,735
Interest-bearing deposits$126,108
Deposits held in domestic offices$77
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $197
All other liabilities $22,890
Total equity capital$22,890
Total bank equity capital$22,890
Perpetual preferred stock$0
Common stock$10
Surplus$1,502
Undivided profits $21,378
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 $1,208
Earning assets $0
Long-term assets (5+ years) $205
Average Assets, year-to-date $134,116
Average Assets, quarterly $22,030
Volatile liabilities $146,231
Insider loans $147,065
FHLB advances $72,595
Loans and leases held for sale $146,233
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $22,131
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,635
Derivatives$50
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,803
Total interest expense $606
Net interest income $4,197
Provision for loan and lease losses $53
Total noninterest income $1,435
Fiduciary activities $0
Service charges on deposit accounts $913
Trading account gains & fees $0
Additional noninterest income $522
Total noninterest expense $3,810
Salaries and employee benefits $2,214
Premises and equipment expense $290
Additional noninterest expense $1,306
Pre-tax net operating income $1,769
Securities gains (losses) $37
Applicable income taxes $65
Income before extraordinary items $1,741
Extraordinary gains - net $0
Net income attributable to bank $1,741
Net charge-offs $0
Cash dividends $1,741
Sale, conversion, retirement of capital stock, net $176
Net operating income $1,011
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.58%
Cost of funding earning assets 0.45%
Net interest margin 3.13%
Noninterest income to earning assets 1.07%
Noninterest expense to earning assets 2.84%
Net operating income to assets 1.17%
Return on assets (ROA) 1.19%
Pretax return on assets 1.24%
Return on equity (ROE) 7.77%
Retained earnings to average equity (YTD only) 3.26%
Net charge-offs to loans 0.33%
Credit loss provision to net charge-offs 30.11%
Efficiency ratio10.35%
Assets per employee$67,649
Cash dividends to net income (YTD only)2.98%
Condition Ratios (%)
Loss allowance to loans 58.07%
Loss allowance to noncurrent loans 2.47%
Noncurrent assets plus other real estate owned to assets 106.54%
Noncurrent loans to loans 0.81%
Net loans and leases to deposits2.31%
Net loans and leases to core deposits 40.37%
Equity capital to assets 43.67%
Core capital (leverage) ratio 15.34%
Tier 1 risk-based capital ratio 15.13%
Total risk-based capital ratio 30.49%
Memoranda
Average assets$32
Average earning assets$146,231
Average equity $22,395
Average loans $134,157
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3 Alabama Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0536Peoples Southern Bank620 Second Avenue North, Clanton, AL 35045January 01, 1901Full Service Brick and Mortar
2186256Branch SouthHighway 31 South, Clanton, AL 35045November 15, 1990Full Service Brick and Mortar
3360096Thorsby Branch20688 31 South, Thorsby, AL 35171March 22, 2001Full Service Brick and Mortar
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