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

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

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

First Southern Bank - Overview

Assets and Liabilities (December 31, 1997)

Income and Expense (December 31, 1997)

Performance and Condition Ratios (December 31, 1997)

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

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

First Southern Bank - Overview

Assets and Liabilities (December 31, 1997)

Income and Expense (December 31, 1997)

Performance and Condition Ratios (December 31, 1997)

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

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