FDIC Certificate #: 58703 Status: Active Federal Reserve ID: 3642308 Date Established: October 15, 2007 WWW:http://www.southcitybank.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 463207 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: October 15, 2007 Last Structure Change Effective Date: March 26, 2012 Last Structure Change Process Date: March 27, 2012 Last Data Update: March 27, 2012 Data Source Date: April 05, 2012
Location
Address: 1360 Montgomery Highway, Suite 100, Vestavia Hills, AL 35216 County: Jefferson Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Shelby Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Birmingham, AL (#1000) Combined Statistical Area (CSA): Birmingham-Hoover-Cullman, AL (#142) Core Based Statistical Area (CBSA): Birmingham-Hoover, AL (#13820) CBSA Metro Statistical Area: Birmingham-Hoover, AL (#13820)
History of Changes
Name Change
Financial Summary
Total assets: $159.8 mil Equity capital: $22.0 mil Deposits held in domestic offices: $129.7 mil Return on assets (ROA): 1.33% ($2.1 mil) Quarterly return on assets: 0.95% ($1.5 mil) Return on Equity (ROE): 12.46% ($2.7 mil) Quarterly return on equity: 7.29% ($1.6 mil) Net income: $2.1 mil Quarterly Net income: $0.4 mil Pretax return on assets: 1.38% ($2,204.6 mil) Quarterly Pretax return on assets: 1.13% ($1,805.2 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
21Total employees (full-time equivalent)
$159,754Total assets
$12,549Cash and due from depository institutions
$6,594Interest-bearing balances
$22,703Securities
$5,235Federal funds sold & reverse repurchase agreements
$115,130Net loans & leases
$2,052Loan loss allowance
$0Trading account assets
$319Bank premises and fixed assets
$923Other real estate owned
$0Goodwill and other intangibles
$159,754Life insurance assets
$2,895All other assets
$137,726Total liabilities and capital
$129,672Total liabilities
$105,331Total deposits
$129,672Interest-bearing deposits
$91Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$7,500Trading liabilities
$0Other borrowed funds
$554Subordinated debt
$22,028All other liabilities
$22,028Total equity capital
$22,028Total bank equity capital
$5,200Perpetual preferred stock
$1,518Common stock
$14,668Surplus
$642Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,564Income earned, not collected on loans
$0Earning assets
$660Long-term assets (5+ years)
$149,662Average Assets, year-to-date
$33,203Average Assets, quarterly
$154,490Volatile liabilities
$163,650Insider loans
$126,537FHLB advances
$162,257Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$21,626Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$15,639Restructured Loans and leases
$6,788Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$7,500Total interest income
$1,253Total interest expense
$6,247Net interest income
$989Provision for loan and lease losses
$1,089Total noninterest income
$70Fiduciary activities
$45Service charges on deposit accounts
$0Trading account gains & fees
$974Additional noninterest income
$4,214Total noninterest expense
$2,360Salaries and employee benefits
$343Premises and equipment expense
$1,511Additional noninterest expense
$2,133Pre-tax net operating income
$3Securities gains (losses)
$77Applicable income taxes
$2,059Income before extraordinary items
$0Extraordinary gains - net
$2,059Net income attributable to bank
$0Net charge-offs
$2,059Cash dividends
$456Sale, conversion, retirement of capital stock, net
$24Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.17%Yield on earning assets
0.86%Cost of funding earning assets
4.31%Net interest margin
0.75%Noninterest income to earning assets
2.90%Noninterest expense to earning assets
1.33%Net operating income to assets
1.33%Return on assets (ROA)
1.38%Pretax return on assets
12.46%Return on equity (ROE)
12.32%Retained earnings to average equity (YTD only)
0.40%Net charge-offs to loans
216.89%Credit loss provision to net charge-offs
6.85%Efficiency ratio
57,443Assets per employee
7.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
1.17%Loss allowance to loans
1.75%Loss allowance to noncurrent loans
131.20%Noncurrent assets plus other real estate owned to assets
1.56%Noncurrent loans to loans
1.33%Net loans and leases to deposits
88.79%Net loans and leases to core deposits
93.31%Equity capital to assets
13.79%Core capital (leverage) ratio
13.33%Tier 1 risk-based capital ratio
17.09%Total risk-based capital ratio
Memoranda
$18Average assets
$154,490Average earning assets
$16,522Average equity
$145,066Average loans
Total Fiduciary and Related Assets (December 31, 2011)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Partners Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: