Premier Bank of the South in Cullman, Alabama (AL)

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Premier Bank of the South routing number info

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Premier Bank of the South
GeneralFDIC Certificate #: 27118
Status: Active
Federal Reserve ID: 1160509
Bank Holding Company (Regulatory Top Holder): Fcb Bancshares, Inc. (RSSDID: 2226484, Location: Cullman, AL)
Date Established: November 30, 1987
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Domestic: 7, Interstate: No)
FDIC's unique #: 38810
Numeric code: 21
Regulator: FDIC
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: Commercial Lending Specialization
Date of Deposit Insurance: November 30, 1987
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: 101 First Avenue, Northwest, Cullman, AL 35055
County: Cullman
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): Cullman, AL (#18980)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Geographic Region/Area/Territory/Field Office
Financial SummaryTotal assets: $141.9 mil
Equity capital: $13.3 mil
Deposits held in domestic offices: $127.4 mil
Return on assets (ROA): 1.04% ($1.5 mil)
Quarterly return on assets: 1.12% ($1.6 mil)
Return on Equity (ROE): 10.81% ($1.4 mil)
Quarterly return on equity: 11.71% ($1.5 mil)
Net income: $1.5 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 1.09% ($1,547.0 mil)
Quarterly Pretax return on assets: 1.12% ($1,589.6 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)55
Total assets$141,929
Cash and due from depository institutions$17,506
Interest-bearing balances$16,281
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$99,890
Loan loss allowance $1,499
Trading account assets$0
Bank premises and fixed assets$4,071
Other real estate owned$437
Goodwill and other intangibles$0
All other assets$4,773
Life insurance assets$141,929
Total liabilities and capital$128,677
Total liabilities$127,386
Total deposits$106,390
Interest-bearing deposits$127,386
Deposits held in domestic offices$83
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,291
All other liabilities $13,252
Total equity capital$13,252
Total bank equity capital$13,252
Perpetual preferred stock$0
Common stock$19
Undivided profits $8,216
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 $854
Earning assets $0
Long-term assets (5+ years) $767
Average Assets, year-to-date $131,423
Average Assets, quarterly $15,065
Volatile liabilities $139,839
Insider loans $139,575
FHLB advances $101,588
Loans and leases held for sale $140,398
Unused loan commitments $2,073
Tier 1 (core) risk-based capital $2,073
Tier 2 risk-based capital $13,210
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $9,217
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,617
Total interest expense $1,097
Net interest income $6,520
Provision for loan and lease losses $650
Total noninterest income $1,375
Fiduciary activities $0
Service charges on deposit accounts $851
Trading account gains & fees $0
Additional noninterest income $524
Total noninterest expense $5,719
Salaries and employee benefits $2,919
Premises and equipment expense $745
Additional noninterest expense $2,055
Pre-tax net operating income $1,526
Securities gains (losses) $0
Applicable income taxes $75
Income before extraordinary items $1,451
Extraordinary gains - net $0
Net income attributable to bank $1,451
Net charge-offs $0
Cash dividends $1,451
Sale, conversion, retirement of capital stock, net $330
Net operating income $1,597
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.91%
Cost of funding earning assets 0.85%
Net interest margin 5.06%
Noninterest income to earning assets 1.07%
Noninterest expense to earning assets 4.44%
Net operating income to assets 1.04%
Return on assets (ROA) 1.04%
Pretax return on assets 1.09%
Return on equity (ROE) 10.81%
Retained earnings to average equity (YTD only) -1.09%
Net charge-offs to loans 0.32%
Credit loss provision to net charge-offs 196.97%
Efficiency ratio6.59%
Assets per employee$72,438
Cash dividends to net income (YTD only)2.58%
Condition Ratios (%)
Loss allowance to loans 110.06%
Loss allowance to noncurrent loans 1.48%
Noncurrent assets plus other real estate owned to assets 175.53%
Noncurrent loans to loans 0.91%
Net loans and leases to deposits0.84%
Net loans and leases to core deposits 78.42%
Equity capital to assets 82.98%
Core capital (leverage) ratio 9.34%
Tier 1 risk-based capital ratio 9.41%
Total risk-based capital ratio 13.00%
Average assets$14
Average earning assets$139,839
Average equity $13,419
Average loans $128,831
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7 Alabama Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
038810Premier Bank Of The South101 First Avenue, Northwest, Cullman, AL 35055November 30, 1987Full Service Brick and Mortar
2261134Cullman Branch101 First Avenue, Northwest, Cullman, AL 35055June 20, 1988Full Service Brick and Mortar
3261135Addison BranchHighway 278, Addison, AL 35540October 22, 1990Full Service Brick and Mortar
4261136Eva Office5576 Highway 55 East, Eva, AL 35621September 18, 1995Full Service Brick and Mortar
5441964Vinemont Branch25 County Road 1292, Vinemont, AL 35179August 18, 2004Full Service Brick and Mortar
6441965Madison Branch8803 Madison Blvd, Madison, AL 35758September 27, 2004Full Service Brick and Mortar
7472702Cullman Shopping Center Branch1204 Loring Street, Nw, Cullman, AL 35055Febuary 27, 2008Full Service Brick and Mortar
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