First National Bank of the South in city_name, state_name - Detailed Financial Reports, Location

First National Bank of the South in Spartanburg, South Carolina (SC)
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First National Bank of the South - Overview

General
FDIC Certificate #: 35383
Status: Inactive
Closing history: Absorption - Assisted
Acquiring institution: Capital Bank, National Association (#59049)
Federal Reserve ID: 2859574
Date Established: March 27, 2000
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 13 (Interstate: No)
FDIC's unique #: 78851
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: March 27, 2000
Last Structure Change Effective Date: July 16, 2010
Last Structure Change Process Date: July 19, 2010
Last Data Update: July 19, 2010
Data Source Date: April 05, 2012
Location
Address: 215 North Pine Street, Spartanburg, SC 29304
County: Spartanburg
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Columbia Sc
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Greenville-Spartanburg-Anderson, SC (#3160)
Combined Statistical Area (CSA): Greenville-Spartanburg-Anderson, SC (#273)
Core Based Statistical Area (CBSA): Spartanburg, SC (#43900)
CBSA Metro Statistical Area: Spartanburg, SC (#43900)
Financial Summary
Total assets: $619.4 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, 2009)

Dollar figures in thousands
131Total employees (full-time equivalent)
$719,807Total assets
$69,644Cash and due from depository institutions
$66,675Interest-bearing balances
$99,112Securities
$0Federal funds sold & reverse repurchase agreements
$511,753Net loans & leases
$25,407Loan loss allowance
$0Trading account assets
$8,120Bank premises and fixed assets
$9,315Other real estate owned
$907Goodwill and other intangibles
$3,245Life insurance assets
$20,956All other assets
$719,807Total liabilities and capital
$702,187Total liabilities
$643,088Total deposits
$605,118Interest-bearing deposits
$643,088Deposits held in domestic offices
73.63%% insured (estimated)
$2,207Federal funds purchased & repurchase agreements
$0Trading liabilities
$54,004Other borrowed funds
$0Subordinated debt
$2,888All other liabilities
$17,620Total equity capital
$17,620Total bank equity capital
$17,620Perpetual preferred stock
$0Common stock
$5,500Surplus
$84,221Undivided profits
Memoranda
$-72,101Noncurrent loans and leases
$59,077Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$128,019Earning assets
$0Long-term assets (5+ years)
$2,150Average Assets, year-to-date
$677,540Average Assets, quarterly
$103,649Volatile liabilities
$797,724Insider loans
$753,125FHLB advances
$164,951Loans and leases held for sale
$12,931Unused loan commitments
$54,004Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$59,077Total unused commitments
$2,927Restructured Loans and leases
$6,792Derivatives

Income and Expense (December 31, 2009)

Dollar figures in thousands
$32,870Total interest income
$19,168Total interest expense
$13,702Net interest income
$39,712Provision for loan and lease losses
$3,594Total noninterest income
$0Fiduciary activities
$1,751Service charges on deposit accounts
$0Trading account gains & fees
$1,843Additional noninterest income
$23,509Total noninterest expense
$10,524Salaries and employee benefits
$3,232Premises and equipment expense
$9,753Additional noninterest expense
-$45,925Pre-tax net operating income
$1,758Securities gains (losses)
-$1,673Applicable income taxes
-$42,494Income before extraordinary items
$0Extraordinary gains - net
-$42,494Net income attributable to bank
$0Net charge-offs
-$42,494Cash dividends
$37,337Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2009)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.41%Yield on earning assets
2.57%Cost of funding earning assets
1.84%Net interest margin
0.48%Noninterest income to earning assets
3.15%Noninterest expense to earning assets
-5.54%Net operating income to assets
-5.33%Return on assets (ROA)
-5.54%Pretax return on assets
-102.32%Return on equity (ROE)
-102.32%Retained earnings to average equity (YTD only)
5.96%Net charge-offs to loans
106.36%Credit loss provision to net charge-offs
-0.17%Efficiency ratio
135,130Assets per employee
5.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.73%Loss allowance to noncurrent loans
19.85%Noncurrent assets plus other real estate owned to assets
19.08%Noncurrent loans to loans
23.83%Net loans and leases to deposits
79.58%Net loans and leases to core deposits
105.65%Equity capital to assets
2.45%Core capital (leverage) ratio
2.37%Tier 1 risk-based capital ratio
3.43%Total risk-based capital ratio
Memoranda
$5Average assets
$797,724Average earning assets
$41,531Average equity
$745,635Average loans

First National Bank of the South in Spartanburg, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

First National Bank of the South - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

Comment about this bank, ask questions, or add new information about it:

First National Bank of the South in Spartanburg, South Carolina (SC)Overview, Financial Summary, Detailed Financial Reports, Branches

First National Bank of the South - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

Comment about this bank, ask questions, or add new information about it:

First National Bank of the South in Spartanburg, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches