First Southern Bank in Lithonia, Georgia (GA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 30, 1998

  • First Southern Bank in Lithonia, Georgia (GA)
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First Southern Bank - Overview

  • General
  • FDIC Certificate #: 27494
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Citizens Trust Bank (#8033)
    Federal Reserve ID: 1396139
    Date Established: April 26, 1989
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Interstate: No)
    OTS Docket #: 14215
    FDIC's unique #: 40223
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: April 26, 1989
    Last Structure Change Effective Date: January 30, 1998
    Last Structure Change Process Date: May 05, 1998
    Last Data Update: May 05, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 2727 Panola Road, Lithonia, GA 30058
    County: Dekalb
    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: $57.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 47Total employees (full-time equivalent)
  • $57,192Total assets
  • $4,458Cash and due from depository institutions
  • $857Interest-bearing balances
  • $10,595Securities
  • $2,481Federal funds sold & reverse repurchase agreements
  • $34,383Net loans & leases
  • $447Loan loss allowance
  • $0Trading account assets
  • $2,540Bank premises and fixed assets
  • $347Other real estate owned
  • $11Goodwill and other intangibles
  • $0Life insurance assets
  • $2,377All other assets
  • $57,192Total liabilities and capital
  • $51,198Total liabilities
  • $49,015Total deposits
  • $39,301Interest-bearing deposits
  • $49,015Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,576Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $607All other liabilities
  • $5,994Total equity capital
  • $5,994Total bank equity capital
  • $5,994Perpetual preferred stock
  • $0Common stock
  • $2,632Surplus
  • $2,689Undivided profits
  • Memoranda
  • $673Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $174Earning assets
  • $0Long-term assets (5+ years)
  • $264Average Assets, year-to-date
  • $48,316Average Assets, quarterly
  • $6,055Volatile liabilities
  • $55,193Insider loans
  • $55,833FHLB advances
  • $12,257Loans and leases held for sale
  • $3,260Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,691Total unused commitments
  • $0Restructured Loans and leases
  • $43,853Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $4,539Total interest income
  • $2,022Total interest expense
  • $2,517Net interest income
  • $180Provision for loan and lease losses
  • $1,227Total noninterest income
  • $0Fiduciary activities
  • $936Service charges on deposit accounts
  • $0Trading account gains & fees
  • $291Additional noninterest income
  • $3,049Total noninterest expense
  • $1,591Salaries and employee benefits
  • $580Premises and equipment expense
  • $878Additional noninterest expense
  • $515Pre-tax net operating income
  • $0Securities gains (losses)
  • $42Applicable income taxes
  • $473Income before extraordinary items
  • $0Extraordinary gains - net
  • $473Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $98Sale, conversion, retirement of capital stock, net
  • $150Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.49%Yield on earning assets
  • 4.23%Cost of funding earning assets
  • 5.26%Net interest margin
  • 2.56%Noninterest income to earning assets
  • 6.37%Noninterest expense to earning assets
  • 0.86%Net operating income to assets
  • 0.86%Return on assets (ROA)
  • 0.93%Pretax return on assets
  • 8.16%Return on equity (ROE)
  • 5.57%Retained earnings to average equity (YTD only)
  • 0.28%Net charge-offs to loans
  • 183.67%Credit loss provision to net charge-offs
  • 7.09%Efficiency ratio
  • 81,437Assets per employee
  • 1.22%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 31.71%Loss allowance to loans
  • 1.28%Loss allowance to noncurrent loans
  • 256.90%Noncurrent assets plus other real estate owned to assets
  • 0.91%Noncurrent loans to loans
  • 0.50%Net loans and leases to deposits
  • 70.15%Net loans and leases to core deposits
  • 89.69%Equity capital to assets
  • 10.48%Core capital (leverage) ratio
  • 10.66%Tier 1 risk-based capital ratio
  • 13.61%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $55,193Average earning assets
  • $5,794Average equity
  • $47,846Average loans

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