SunSouth Bank in Dothan, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

SunSouth Bank - Overview

  • General
  • FDIC Certificate #: 18600
    Status: Active
    Federal Reserve ID: 477639
    Bank Holding Company (Regulatory Top Holder): Sunsouth Bancshares, Inc. (RSSDID: 3255100, Location: Dothan, AL)
    Date Established: November 26, 1954
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 14084
    FDIC's unique #: 12486
    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: November 26, 1954
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 108 Jamestown Blvd., Dothan, AL 36301
    County: Houston
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Montgomery
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Dothan, AL (#2180)
    Combined Statistical Area (CSA): Dothan-Enterprise-Ozark, AL (#222)
    Core Based Statistical Area (CBSA): Dothan, AL (#20020)
    CBSA Metro Statistical Area: Dothan, AL (#20020)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $198.9 mil
    Equity capital: $18.9 mil
    Deposits held in domestic offices: $179.4 mil
    Return on assets (ROA): -0.54% (-$1.1 mil)
    Quarterly return on assets: -1.17% (-$2.3 mil)
    Return on Equity (ROE): -5.61% (-$1.1 mil)
    Quarterly return on equity: -12.19% (-$2.3 mil)
    Net income: -$1.1 mil
    Quarterly Net income: -$0.6 mil
    Pretax return on assets: -0.80% (-$1,591.3 mil)
    Quarterly Pretax return on assets: -1.79% (-$3,560.5 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
  • 60Total employees (full-time equivalent)
  • $198,912Total assets
  • $6,985Cash and due from depository institutions
  • $4,020Interest-bearing balances
  • $25,026Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $145,773Net loans & leases
  • $3,951Loan loss allowance
  • $0Trading account assets
  • $5,165Bank premises and fixed assets
  • $9,669Other real estate owned
  • $0Goodwill and other intangibles
  • $198,912Life insurance assets
  • $6,294All other assets
  • $179,977Total liabilities and capital
  • $179,406Total liabilities
  • $169,227Total deposits
  • $179,406Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $571Subordinated debt
  • $18,935All other liabilities
  • $18,935Total equity capital
  • $18,935Total bank equity capital
  • $0Perpetual preferred stock
  • $8Common stock
  • $17,082Surplus
  • $1,845Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $686Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,886Income earned, not collected on loans
  • $0Earning assets
  • $970Long-term assets (5+ years)
  • $174,819Average Assets, year-to-date
  • $35,289Average Assets, quarterly
  • $202,535Volatile liabilities
  • $200,438Insider loans
  • $155,056FHLB advances
  • $200,713Loans and leases held for sale
  • $393Unused loan commitments
  • $393Tier 1 (core) risk-based capital
  • $17,894Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,062Restructured Loans and leases
  • $1,492Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,980Total interest income
  • $3,061Total interest expense
  • $7,919Net interest income
  • $1,727Provision for loan and lease losses
  • $224Total noninterest income
  • $0Fiduciary activities
  • $174Service charges on deposit accounts
  • $0Trading account gains & fees
  • $50Additional noninterest income
  • $7,974Total noninterest expense
  • $3,495Salaries and employee benefits
  • $881Premises and equipment expense
  • $3,598Additional noninterest expense
  • -$1,558Pre-tax net operating income
  • -$60Securities gains (losses)
  • -$530Applicable income taxes
  • -$1,088Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,088Net income attributable to bank
  • $0Net charge-offs
  • -$1,088Cash dividends
  • $1,518Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.15%Yield on earning assets
  • 1.71%Cost of funding earning assets
  • 4.43%Net interest margin
  • 0.13%Noninterest income to earning assets
  • 4.47%Noninterest expense to earning assets
  • -0.52%Net operating income to assets
  • -0.54%Return on assets (ROA)
  • -0.80%Pretax return on assets
  • -5.61%Return on equity (ROE)
  • -5.61%Retained earnings to average equity (YTD only)
  • 0.95%Net charge-offs to loans
  • 113.77%Credit loss provision to net charge-offs
  • 0.11%Efficiency ratio
  • 97,925Assets per employee
  • 3.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.64%Loss allowance to noncurrent loans
  • 39.97%Noncurrent assets plus other real estate owned to assets
  • 9.83%Noncurrent loans to loans
  • 6.60%Net loans and leases to deposits
  • 81.25%Net loans and leases to core deposits
  • 109.60%Equity capital to assets
  • 9.52%Core capital (leverage) ratio
  • 8.92%Tier 1 risk-based capital ratio
  • 11.54%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $202,535Average earning assets
  • $19,378Average equity
  • $178,577Average loans

List of branches

  • 3 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012486Sunsouth Bank108 Jamestown Blvd., Dothan, AL 36301November 26, 1954Full Service Brick and Mortar
    1363899Clio Branch3274 Louisville Street, Clio, AL 36017June 17, 2002Full Service Brick and Mortar
    2444010Enterprise Branch206 East Grubbs Street, Enterprise, AL 36330August 03, 2005Full Service Brick and Mortar

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