First South Bank, National Association in city_name, state_name

First South Bank, National Association in Fort Valley, Georgia (GA)
Show street view No street view available for this location

First South Bank, National Association - Overview

General
FDIC Certificate #: 176
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Century South Bank of Central Georgia, National Association (#33733)
Federal Reserve ID: 496630
Date Established: October 15, 1924
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
OTS Docket #: 9394
FDIC's unique #: 140
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: July 01, 1996
Last Structure Change Process Date: July 10, 1996
Last Data Update: April 11, 1998
Data Source Date: April 05, 2012
Location
Address: 110 North Camellia Boulevard, Fort Valley, GA 31030
County: Peach
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Albany Ga
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Macon, GA (#4680)
Combined Statistical Area (CSA): Macon-Warner Robins-Fort Valley, GA (#356)
Core Based Statistical Area (CBSA): Fort Valley, GA (#22980)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $100.0 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)
$64Total assets
$105,485Cash and due from depository institutions
$6,354Interest-bearing balances
$0Securities
$24,705Federal funds sold & reverse repurchase agreements
$11,781Net loans & leases
$59,497Loan loss allowance
$1,095Trading account assets
$0Bank premises and fixed assets
$2,083Other real estate owned
$13Goodwill and other intangibles
$1,052Life insurance assets
$0All other assets
$0Total liabilities and capital
$105,485Total liabilities
$97,384Total deposits
$82,289Interest-bearing deposits
$63,885Deposits held in domestic offices
82289.00%% insured (estimated)
$78Federal funds purchased & repurchase agreements
$8,845Trading liabilities
$0Other borrowed funds
$5,000Subordinated debt
$0All other liabilities
$1,250Total equity capital
$1,250Total bank equity capital
$8,101Perpetual preferred stock
$0Common stock
$1,207Surplus
$4,741Undivided profits
Memoranda
$2,153Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$340Income earned, not collected on loans
$439Earning assets
$95,983Long-term assets (5+ years)
$12,771Average Assets, year-to-date
$108,701Average Assets, quarterly
$107,237Volatile liabilities
$17,824Insider loans
$1,232FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,690Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,491Total risk weighted assets
$66,837Total unused commitments
$0Restructured Loans and leases
$30,000Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$8,713Total interest expense
$3,843Net interest income
$4,870Provision for loan and lease losses
$170Total noninterest income
$940Fiduciary activities
$0Service charges on deposit accounts
$536Trading account gains & fees
$0Additional noninterest income
$404Total noninterest expense
$4,414Salaries and employee benefits
$1,992Premises and equipment expense
$745Additional noninterest expense
$1,677Pre-tax net operating income
$1,226Securities gains (losses)
$0Applicable income taxes
$345Income before extraordinary items
$881Extraordinary gains - net
$0Net income attributable to bank
$881Net charge-offs
$94Cash dividends
$450Sale, 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
8.81%Cost of funding earning assets
3.89%Net interest margin
4.93%Noninterest income to earning assets
0.95%Noninterest expense to earning assets
4.47%Net operating income to assets
0.81%Return on assets (ROA)
0.81%Pretax return on assets
1.13%Return on equity (ROE)
11.38%Retained earnings to average equity (YTD only)
5.57%Net charge-offs to loans
0.15%Credit loss provision to net charge-offs
180.85%Efficiency ratio
75,972Assets per employee
1.65%Cash dividends to net income (YTD only)
Condition Ratios (%)
51.08%Loss allowance to loans
1.81%Loss allowance to noncurrent loans
322.06%Noncurrent assets plus other real estate owned to assets
0.33%Noncurrent loans to loans
0.56%Net loans and leases to deposits
72.30%Net loans and leases to core deposits
81.16%Equity capital to assets
7.68%Core capital (leverage) ratio
7.14%Tier 1 risk-based capital ratio
11.21%Total risk-based capital ratio
Memoranda
$12Average assets
$108,701Average earning assets
$7,740Average equity
$98,858Average loans

First South Bank, National Association in Fort Valley, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First South Bank, National Association - Overview

Assets and Liabilities (December 31, 1995)

Income and Expense (December 31, 1995)

Performance and Condition Ratios (December 31, 1995)

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

First South Bank, National Association in Fort Valley, Georgia (GA)Overview, Financial Summary, Detailed Financial Reports, Branches

First South Bank, National Association - Overview

Assets and Liabilities (December 31, 1995)

Income and Expense (December 31, 1995)

Performance and Condition Ratios (December 31, 1995)

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

First South Bank, National Association in Fort Valley, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches