First Southern Bank in city_name, state_name - Detailed Financial Reports, Location

First Southern Bank in Boca Raton, Florida (FL)
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First Southern Bank routing number info

First Southern Bank - Overview

General
FDIC Certificate #: 27044
Status: Active
Federal Reserve ID: 279338
Bank Holding Company (Regulatory Top Holder): First Southern Bancorp, Inc. (RSSDID: 2349486, Location: Boca Raton, FL)
Date Established: September 14, 1987
WWW: http://www.firstsouthernbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 15 (Domestic: 15, Interstate: No)
OTS Docket #: 13263
FDIC's unique #: 38556
Numeric code: 13
Regulator: FED
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: September 14, 1987
Last Structure Change Effective Date: January 07, 2011
Last Structure Change Process Date: January 10, 2011
Last Data Update: January 10, 2011
Data Source Date: April 05, 2012
Location
Address: 7301 West Palmetto Park Road, Boca Raton, FL 33434
County: Palm Beach
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: South Florida
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): West Palm Beach-Boca Raton, FL (#8960)
Core Based Statistical Area (CBSA): Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
CBSA Metro Statistical Area: Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
Core Based Statistical Division: West Palm Beach-Boca Raton-Boynton Beach, FL (#48424)
History of Changes
Participated in FDIC Assisted Absorption/Consolidation/Merger
Financial Summary
Total assets: $959.5 mil
Equity capital: $166.7 mil
Deposits held in domestic offices: $791.5 mil
Return on assets (ROA): 0.33% ($3.2 mil)
Quarterly return on assets: -1.88% (-$18.0 mil)
Return on Equity (ROE): 1.97% ($3.3 mil)
Quarterly return on equity: -10.71% (-$17.9 mil)
Net income: $3.0 mil
Quarterly Net income: -$4.5 mil
Pretax return on assets: 0.30% ($2,878.6 mil)
Quarterly Pretax return on assets: -1.76% (-$16,887.7 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
174Total employees (full-time equivalent)
$959,531Total assets
$115,264Cash and due from depository institutions
$106,106Interest-bearing balances
$142,797Securities
$10Federal funds sold & reverse repurchase agreements
$583,925Net loans & leases
$13,679Loan loss allowance
$0Trading account assets
$10,193Bank premises and fixed assets
$36,354Other real estate owned
$24,805Goodwill and other intangibles
$959,531Life insurance assets
$46,183All other assets
$792,858Total liabilities and capital
$791,534Total liabilities
$659,495Total deposits
$791,534Interest-bearing deposits
$78Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$1,324Subordinated debt
$166,673All other liabilities
$166,673Total equity capital
$166,673Total bank equity capital
$0Perpetual preferred stock
$98,283Common stock
$96,137Surplus
$-27,747Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$119,073Income earned, not collected on loans
$0Earning assets
$6,745Long-term assets (5+ years)
$832,838Average Assets, year-to-date
$176,935Average Assets, quarterly
$897,701Volatile liabilities
$962,740Insider loans
$674,286FHLB advances
$942,951Loans and leases held for sale
$2,397Unused loan commitments
$2,397Tier 1 (core) risk-based capital
$140,426Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$25,568Restructured Loans and leases
$1,200Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$47,667Total interest income
$8,155Total interest expense
$39,512Net interest income
$5,546Provision for loan and lease losses
$3,020Total noninterest income
$0Fiduciary activities
$432Service charges on deposit accounts
$0Trading account gains & fees
$2,588Additional noninterest income
$34,375Total noninterest expense
$14,037Salaries and employee benefits
$3,684Premises and equipment expense
$16,654Additional noninterest expense
$2,611Pre-tax net operating income
$54Securities gains (losses)
-$312Applicable income taxes
$2,977Income before extraordinary items
$0Extraordinary gains - net
$2,977Net income attributable to bank
$0Net charge-offs
$2,977Cash dividends
$3,913Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.22%Yield on earning assets
1.06%Cost of funding earning assets
5.16%Net interest margin
0.39%Noninterest income to earning assets
4.49%Noninterest expense to earning assets
0.33%Net operating income to assets
0.33%Return on assets (ROA)
0.30%Pretax return on assets
1.97%Return on equity (ROE)
1.97%Retained earnings to average equity (YTD only)
0.69%Net charge-offs to loans
141.73%Credit loss provision to net charge-offs
2.08%Efficiency ratio
79,726Assets per employee
5.51%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.29%Loss allowance to noncurrent loans
11.49%Noncurrent assets plus other real estate owned to assets
16.20%Noncurrent loans to loans
19.93%Net loans and leases to deposits
73.77%Net loans and leases to core deposits
77.57%Equity capital to assets
17.37%Core capital (leverage) ratio
14.89%Tier 1 risk-based capital ratio
20.83%Total risk-based capital ratio
Memoranda
$22Average assets
$897,701Average earning assets
$150,943Average equity
$766,322Average loans

List of branches

15 Florida Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	38556	First Southern Bank	7301 West Palmetto Park Road, Boca Raton, FL 33434	September 14, 1987	Full Service Brick and Mortar
3	260693	Coral Springs Branch	3301 N. University Drive, Suite 110, Coral Springs, FL 33065	January 22, 1996	Full Service Brick and Mortar
6	358502	North Palm Beach Branch	801 U.S. Highway One, North Palm Beach, FL 33408	August 07, 2000	Full Service Brick and Mortar
8	432608	Fort Lauderdale Branch	2419 East Commercial Boulevard, Fort Lauderdale, FL 33308	September 27, 2004	Full Service Brick and Mortar
9	442245	East Boca Branch	900 North Federal Highway, Boca Raton, FL 33432	January 15, 2005	Full Service Retail
11	445957	Point Vedra Beach Branch	212 Ponte Vedra Park Drive, Ponte Vedra Beach, FL 32082	August 29, 2006	Full Service Brick and Mortar
12	467968	St. Augustine Branch	709 South Ponce De Leon Boulevard, Saint Augustine, FL 32084	September 10, 2007	Full Service Brick and Mortar
13	62139	First Commercial Bank Of Florida Bra	945 South Orange Avenue, Orlando, FL 32806	April 21, 1999	Full Service Brick and Mortar
14	363718	Kissimmee Branch	910 West Vine Street, Kissimmee, FL 34741	April 25, 1999	Full Service Brick and Mortar
15	363746	West Orange Office	12901 West Colonial Drive, Winter Garden, FL 34787	April 08, 2002	Full Service Brick and Mortar
16	365774	St. Cloud Branch	4601 Neptune Road, Saint Cloud, FL 34769	November 15, 2002	Full Service Brick and Mortar
17	419681	Lake Mary Office Branch	3505 West Lake Mary Boulevard, Lake Mary, FL 32746	August 01, 2002	Full Service Brick and Mortar
18	419682	Winter Park Office Branch	1250 Lee Road, Winter Park, FL 32789	November 12, 2002	Full Service Brick and Mortar
19	453173	Pine Castle Office Branch	5645 Hansel Ave, Edgewood, FL 32809	December 16, 2005	Full Service Brick and Mortar
21	465938	West Volusia Office Branch	2494 Enterprise Road, Orange City, FL 32763	Febuary 20, 2007	Full Service Brick and Mortar

First Southern Bank in Boca Raton, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Southern Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

First Southern Bank in Boca Raton, Florida (FL)Overview, Financial Summary, Detailed Financial Reports, Branches

First Southern Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

First Southern Bank in Boca Raton, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches