SunSouth Bank in Dothan, Alabama (AL)

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SunSouth Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)60
Total assets$198,912
Cash and due from depository institutions$6,985
Interest-bearing balances$4,020
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$145,773
Loan loss allowance $3,951
Trading account assets$0
Bank premises and fixed assets$5,165
Other real estate owned$9,669
Goodwill and other intangibles$0
All other assets$6,294
Life insurance assets$198,912
Total liabilities and capital$179,977
Total liabilities$179,406
Total deposits$169,227
Interest-bearing deposits$179,406
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $571
All other liabilities $18,935
Total equity capital$18,935
Total bank equity capital$18,935
Perpetual preferred stock$0
Common stock$8
Undivided profits $1,845
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $686
Income earned, not collected on loans $9,886
Earning assets $0
Long-term assets (5+ years) $970
Average Assets, year-to-date $174,819
Average Assets, quarterly $35,289
Volatile liabilities $202,535
Insider loans $200,438
FHLB advances $155,056
Loans and leases held for sale $200,713
Unused loan commitments $393
Tier 1 (core) risk-based capital $393
Tier 2 risk-based capital $17,894
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $12,062
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,980
Total interest expense $3,061
Net interest income $7,919
Provision for loan and lease losses $1,727
Total noninterest income $224
Fiduciary activities $0
Service charges on deposit accounts $174
Trading account gains & fees $0
Additional noninterest income $50
Total noninterest expense $7,974
Salaries and employee benefits $3,495
Premises and equipment expense $881
Additional noninterest expense $3,598
Pre-tax net operating income -$1,558
Securities gains (losses) -$60
Applicable income taxes -$530
Income before extraordinary items -$1,088
Extraordinary gains - net $0
Net income attributable to bank -$1,088
Net charge-offs $0
Cash dividends -$1,088
Sale, conversion, retirement of capital stock, net $1,518
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.15%
Cost of funding earning assets 1.71%
Net interest margin 4.43%
Noninterest income to earning assets 0.13%
Noninterest expense to earning assets 4.47%
Net operating income to assets -0.52%
Return on assets (ROA) -0.54%
Pretax return on assets -0.80%
Return on equity (ROE) -5.61%
Retained earnings to average equity (YTD only) -5.61%
Net charge-offs to loans 0.95%
Credit loss provision to net charge-offs 113.77%
Efficiency ratio0.11%
Assets per employee$97,925
Cash dividends to net income (YTD only)3.32%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.64%
Noncurrent assets plus other real estate owned to assets 39.97%
Noncurrent loans to loans 9.83%
Net loans and leases to deposits6.60%
Net loans and leases to core deposits 81.25%
Equity capital to assets 109.60%
Core capital (leverage) ratio 9.52%
Tier 1 risk-based capital ratio 8.92%
Total risk-based capital ratio 11.54%
Average assets$13
Average earning assets$202,535
Average equity $19,378
Average loans $178,577
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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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