PrimeSouth Bank in Blackshear, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

PrimeSouth Bank - Overview

  • General
  • FDIC Certificate #: 5694
    Status: Active
    Federal Reserve ID: 1011638
    Bank Holding Company (Regulatory Top Holder): Jones Bancshares, L.P. (RSSDID: 2135812, Location: Waycross, GA)
    Date Established: January 01, 1891
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 3878
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 02, 2010
    Last Structure Change Process Date: June 02, 2010
    Last Data Update: June 02, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 3473 Us Highway 84, Blackshear, GA 31516
    County: Pierce
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Savannah
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Waycross, GA (#48180)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $365.8 mil
    Equity capital: $23.5 mil
    Deposits held in domestic offices: $328.5 mil
    Return on assets (ROA): -2.84% (-$10.4 mil)
    Quarterly return on assets: -0.21% (-$0.8 mil)
    Return on Equity (ROE): -45.89% (-$10.6 mil)
    Quarterly return on equity: -3.35% (-$0.8 mil)
    Net income: -$11.1 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: -2.84% (-$10,388.4 mil)
    Quarterly Pretax return on assets: -0.21% (-$768.2 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
  • 70Total employees (full-time equivalent)
  • $365,790Total assets
  • $43,659Cash and due from depository institutions
  • $40,685Interest-bearing balances
  • $43,498Securities
  • $893Federal funds sold & reverse repurchase agreements
  • $253,494Net loans & leases
  • $9,322Loan loss allowance
  • $0Trading account assets
  • $774Bank premises and fixed assets
  • $12,088Other real estate owned
  • $0Goodwill and other intangibles
  • $365,790Life insurance assets
  • $11,384All other assets
  • $342,321Total liabilities and capital
  • $328,478Total liabilities
  • $49,590Total deposits
  • $328,478Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $13,000Trading liabilities
  • $0Other borrowed funds
  • $843Subordinated debt
  • $23,469All other liabilities
  • $23,469Total equity capital
  • $23,469Total bank equity capital
  • $0Perpetual preferred stock
  • $962Common stock
  • $32,650Surplus
  • $-10,143Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $27,934Income earned, not collected on loans
  • $0Earning assets
  • $1,805Long-term assets (5+ years)
  • $338,570Average Assets, year-to-date
  • $52,970Average Assets, quarterly
  • $391,466Volatile liabilities
  • $369,349Insider loans
  • $234,696FHLB advances
  • $367,468Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $19,252Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $19,155Restructured Loans and leases
  • $1,234Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,776Total interest income
  • $4,630Total interest expense
  • $14,146Net interest income
  • $14,564Provision for loan and lease losses
  • -$1,036Total noninterest income
  • $0Fiduciary activities
  • $1,200Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$2,236Additional noninterest income
  • $9,998Total noninterest expense
  • $3,884Salaries and employee benefits
  • $1,597Premises and equipment expense
  • $4,517Additional noninterest expense
  • -$11,452Pre-tax net operating income
  • $332Securities gains (losses)
  • $0Applicable income taxes
  • -$11,120Income before extraordinary items
  • $0Extraordinary gains - net
  • -$11,120Net income attributable to bank
  • $0Net charge-offs
  • -$11,120Cash dividends
  • $11,986Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.29%Yield on earning assets
  • 1.30%Cost of funding earning assets
  • 3.99%Net interest margin
  • -0.29%Noninterest income to earning assets
  • 2.82%Noninterest expense to earning assets
  • -2.93%Net operating income to assets
  • -2.84%Return on assets (ROA)
  • -2.84%Pretax return on assets
  • -45.89%Return on equity (ROE)
  • -45.89%Retained earnings to average equity (YTD only)
  • 4.13%Net charge-offs to loans
  • 121.51%Credit loss provision to net charge-offs
  • 0.26%Efficiency ratio
  • 76,262Assets per employee
  • 5.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.55%Loss allowance to noncurrent loans
  • 33.37%Noncurrent assets plus other real estate owned to assets
  • 10.94%Noncurrent loans to loans
  • 10.63%Net loans and leases to deposits
  • 77.17%Net loans and leases to core deposits
  • 83.87%Equity capital to assets
  • 6.42%Core capital (leverage) ratio
  • 5.24%Tier 1 risk-based capital ratio
  • 8.20%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $391,466Average earning assets
  • $24,230Average equity
  • $354,904Average loans

List of branches

  • 4 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03878Primesouth Bank3473 Us Highway 84, Blackshear, GA 31516January 01, 1891Full Service Brick and Mortar
    1208023Psb Waycross Branch530 Memorial Drive, Waycross, GA 31501August 15, 1997Full Service Brick and Mortar
    2364176Primesouth Branch - Jesup375 W. Cherry Street, Jesup, GA 31545January 07, 2002Full Service Brick and Mortar
    3478944Primesouth Bank-Brunswick Branch101 Hyde Park Commons, Brunswick, GA 31523June 02, 2008Full Service Brick and Mortar

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