Premier Bank of the South in Cullman, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

Premier Bank of the South - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total 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
  • 55Total employees (full-time equivalent)
  • $141,929Total assets
  • $17,506Cash and due from depository institutions
  • $16,281Interest-bearing balances
  • $15,252Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $99,890Net loans & leases
  • $1,499Loan loss allowance
  • $0Trading account assets
  • $4,071Bank premises and fixed assets
  • $437Other real estate owned
  • $0Goodwill and other intangibles
  • $141,929Life insurance assets
  • $4,773All other assets
  • $128,677Total liabilities and capital
  • $127,386Total liabilities
  • $106,390Total deposits
  • $127,386Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,291Subordinated debt
  • $13,252All other liabilities
  • $13,252Total equity capital
  • $13,252Total bank equity capital
  • $0Perpetual preferred stock
  • $19Common stock
  • $5,017Surplus
  • $8,216Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $854Income earned, not collected on loans
  • $0Earning assets
  • $767Long-term assets (5+ years)
  • $131,423Average Assets, year-to-date
  • $15,065Average Assets, quarterly
  • $139,839Volatile liabilities
  • $139,575Insider loans
  • $101,588FHLB advances
  • $140,398Loans and leases held for sale
  • $2,073Unused loan commitments
  • $2,073Tier 1 (core) risk-based capital
  • $13,210Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,217Restructured Loans and leases
  • $3,437Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,617Total interest income
  • $1,097Total interest expense
  • $6,520Net interest income
  • $650Provision for loan and lease losses
  • $1,375Total noninterest income
  • $0Fiduciary activities
  • $851Service charges on deposit accounts
  • $0Trading account gains & fees
  • $524Additional noninterest income
  • $5,719Total noninterest expense
  • $2,919Salaries and employee benefits
  • $745Premises and equipment expense
  • $2,055Additional noninterest expense
  • $1,526Pre-tax net operating income
  • $0Securities gains (losses)
  • $75Applicable income taxes
  • $1,451Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,451Net income attributable to bank
  • $0Net charge-offs
  • $1,451Cash dividends
  • $330Sale, conversion, retirement of capital stock, net
  • $1,597Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.91%Yield on earning assets
  • 0.85%Cost of funding earning assets
  • 5.06%Net interest margin
  • 1.07%Noninterest income to earning assets
  • 4.44%Noninterest expense to earning assets
  • 1.04%Net operating income to assets
  • 1.04%Return on assets (ROA)
  • 1.09%Pretax return on assets
  • 10.81%Return on equity (ROE)
  • -1.09%Retained earnings to average equity (YTD only)
  • 0.32%Net charge-offs to loans
  • 196.97%Credit loss provision to net charge-offs
  • 6.59%Efficiency ratio
  • 72,438Assets per employee
  • 2.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 110.06%Loss allowance to loans
  • 1.48%Loss allowance to noncurrent loans
  • 175.53%Noncurrent assets plus other real estate owned to assets
  • 0.91%Noncurrent loans to loans
  • 0.84%Net loans and leases to deposits
  • 78.42%Net loans and leases to core deposits
  • 82.98%Equity capital to assets
  • 9.34%Core capital (leverage) ratio
  • 9.41%Tier 1 risk-based capital ratio
  • 13.00%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $139,839Average earning assets
  • $13,419Average equity
  • $128,831Average loans

List of branches

  • 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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