Bank South in Atlanta, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 01, 1996

  • Bank South in Atlanta, Georgia (GA)
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Bank South - Overview

  • General
  • FDIC Certificate #: 2116
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: NationsBank, National Association (South) (#2155)
    Federal Reserve ID: 838931
    Date Established: December 07, 1909
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 155 (Interstate: No)
    OTS Docket #: 9410
    FDIC's unique #: 1393
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: Febuary 01, 1996
    Last Structure Change Process Date: Febuary 12, 1996
    Last Data Update: Febuary 12, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 55 Marietta Street, N.W., Atlanta, GA 30303
    County: Fulton
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Atlanta
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Atlanta, GA (#520)
    Combined Statistical Area (CSA): Atlanta-Sandy Springs-Gainesville, GA-AL (#122)
    Core Based Statistical Area (CBSA): Atlanta-Sandy Springs-Marietta, GA (#12060)
    CBSA Metro Statistical Area: Atlanta-Sandy Springs-Marietta, GA (#12060)
  • Financial Summary
  • Total assets: $7,356.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $2,782Total assets
  • $7,356,647Cash and due from depository institutions
  • $462,428Interest-bearing balances
  • $12,102Securities
  • $2,429,761Federal funds sold & reverse repurchase agreements
  • $2,500Net loans & leases
  • $4,005,517Loan loss allowance
  • $75,215Trading account assets
  • $0Bank premises and fixed assets
  • $110,452Other real estate owned
  • $2,108Goodwill and other intangibles
  • $270,103Life insurance assets
  • $73,778All other assets
  • $0Total liabilities and capital
  • $7,356,647Total liabilities
  • $6,749,920Total deposits
  • $5,249,493Interest-bearing deposits
  • $3,978,967Deposits held in domestic offices
  • 5122579.00%% insured (estimated)
  • $81Federal funds purchased & repurchase agreements
  • $963,233Trading liabilities
  • $0Other borrowed funds
  • $467,567Subordinated debt
  • $0All other liabilities
  • $69,627Total equity capital
  • $69,627Total bank equity capital
  • $606,727Perpetual preferred stock
  • $0Common stock
  • $5,820Surplus
  • $303,264Undivided profits
  • Memoranda
  • $297,643Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,901Income earned, not collected on loans
  • $23,285Earning assets
  • $6,449,880Long-term assets (5+ years)
  • $2,259,502Average Assets, year-to-date
  • $7,383,607Average Assets, quarterly
  • $7,498,022Volatile liabilities
  • $1,823,632Insider loans
  • $33,512FHLB advances
  • $0Loans and leases held for sale
  • $47,778Unused loan commitments
  • $1,639,354Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $530,715Total risk weighted assets
  • $5,167,911Total unused commitments
  • $0Restructured Loans and leases
  • $2,600,795Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $517,798Total interest expense
  • $276,173Net interest income
  • $241,625Provision for loan and lease losses
  • $0Total noninterest income
  • $165,512Fiduciary activities
  • $10,634Service charges on deposit accounts
  • $74,656Trading account gains & fees
  • $5,676Additional noninterest income
  • $74,546Total noninterest expense
  • $320,843Salaries and employee benefits
  • $127,396Premises and equipment expense
  • $33,959Additional noninterest expense
  • $159,488Pre-tax net operating income
  • $86,294Securities gains (losses)
  • $2,944Applicable income taxes
  • $21,412Income before extraordinary items
  • $67,826Extraordinary gains - net
  • $0Net income attributable to bank
  • $67,826Net charge-offs
  • $7,721Cash dividends
  • $50,052Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.94%Cost of funding earning assets
  • 4.24%Net interest margin
  • 3.71%Noninterest income to earning assets
  • 2.54%Noninterest expense to earning assets
  • 4.92%Net operating income to assets
  • 0.89%Return on assets (ROA)
  • 0.92%Pretax return on assets
  • 1.21%Return on equity (ROE)
  • 11.51%Retained earnings to average equity (YTD only)
  • 3.02%Net charge-offs to loans
  • 0.19%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 76,481Assets per employee
  • 2.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 73.79%Loss allowance to loans
  • 1.84%Loss allowance to noncurrent loans
  • 759.67%Noncurrent assets plus other real estate owned to assets
  • 0.16%Noncurrent loans to loans
  • 0.24%Net loans and leases to deposits
  • 76.30%Net loans and leases to core deposits
  • 85.36%Equity capital to assets
  • 8.25%Core capital (leverage) ratio
  • 7.19%Tier 1 risk-based capital ratio
  • 10.27%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $7,383,607Average earning assets
  • $589,457Average equity
  • $6,519,495Average loans

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