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

First Southern Bank in Florence, Alabama (AL)
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First Southern Bank routing number info

First Southern Bank - Overview

General
FDIC Certificate #: 29332
Status: Active
Federal Reserve ID: 66275
Bank Holding Company (Regulatory Top Holder): First Southern Bancshares, Inc. (RSSDID: 2313704, Location: Florence, AL)
Date Established: January 01, 1934
WWW: http://www.firstsouthern.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
OTS Docket #: 3294
FDIC's unique #: 42166
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: January 25, 1935
Last Structure Change Effective Date: Febuary 24, 2011
Last Structure Change Process Date: Febuary 24, 2011
Last Data Update: Febuary 24, 2011
Data Source Date: April 05, 2012
Location
Address: 301 South Court Street, Florence, AL 35630
County: Lauderdale
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): Florence, AL (#2650)
Core Based Statistical Area (CBSA): Florence-Muscle Shoals, AL (#22520)
CBSA Metro Statistical Area: Florence-Muscle Shoals, AL (#22520)
History of Changes
Change in Geographic Region/Area/Territory/Field Office
Financial Summary
Total assets: $176.1 mil
Equity capital: $15.0 mil
Deposits held in domestic offices: $160.8 mil
Return on assets (ROA): 0.54% ($1.0 mil)
Quarterly return on assets: 0.47% ($0.8 mil)
Return on Equity (ROE): 6.45% ($1.0 mil)
Quarterly return on equity: 5.57% ($0.8 mil)
Net income: $0.9 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.84% ($1,479.2 mil)
Quarterly Pretax return on assets: 0.75% ($1,320.7 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
57Total employees (full-time equivalent)
$176,098Total assets
$12,873Cash and due from depository institutions
$10,859Interest-bearing balances
$32,453Securities
$0Federal funds sold & reverse repurchase agreements
$121,093Net loans & leases
$2,070Loan loss allowance
$0Trading account assets
$4,578Bank premises and fixed assets
$294Other real estate owned
$0Goodwill and other intangibles
$176,098Life insurance assets
$4,807All other assets
$161,054Total liabilities and capital
$160,770Total liabilities
$143,981Total deposits
$160,770Interest-bearing deposits
$90Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$284Subordinated debt
$15,044All other liabilities
$15,044Total equity capital
$15,044Total bank equity capital
$0Perpetual preferred stock
$1Common stock
$18,288Surplus
$-3,245Undivided profits
Memoranda
$0Noncurrent loans and leases
$70Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,370Income earned, not collected on loans
$0Earning assets
$643Long-term assets (5+ years)
$164,405Average Assets, year-to-date
$51,890Average Assets, quarterly
$166,806Volatile liabilities
$174,194Insider loans
$114,836FHLB advances
$174,251Loans and leases held for sale
$2,560Unused loan commitments
$2,560Tier 1 (core) risk-based capital
$14,559Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$22,876Restructured Loans and leases
$2,451Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$7,807Total interest income
$1,901Total interest expense
$5,906Net interest income
$100Provision for loan and lease losses
$1,050Total noninterest income
$98Fiduciary activities
$475Service charges on deposit accounts
$0Trading account gains & fees
$477Additional noninterest income
$5,498Total noninterest expense
$3,009Salaries and employee benefits
$755Premises and equipment expense
$1,734Additional noninterest expense
$1,358Pre-tax net operating income
$51Securities gains (losses)
$505Applicable income taxes
$904Income before extraordinary items
$0Extraordinary gains - net
$904Net income attributable to bank
$0Net charge-offs
$904Cash dividends
$56Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.04%Yield on earning assets
1.23%Cost of funding earning assets
3.81%Net interest margin
0.68%Noninterest income to earning assets
3.55%Noninterest expense to earning assets
0.52%Net operating income to assets
0.54%Return on assets (ROA)
0.84%Pretax return on assets
6.45%Return on equity (ROE)
6.45%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
178.57%Credit loss provision to net charge-offs
26.04%Efficiency ratio
79,040Assets per employee
3.09%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.68%Loss allowance to noncurrent loans
61.42%Noncurrent assets plus other real estate owned to assets
2.08%Noncurrent loans to loans
2.74%Net loans and leases to deposits
75.32%Net loans and leases to core deposits
76.78%Equity capital to assets
8.54%Core capital (leverage) ratio
8.36%Tier 1 risk-based capital ratio
12.68%Total risk-based capital ratio
Memoranda
$14Average assets
$166,806Average earning assets
$14,013Average equity
$154,992Average 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
YesFiduciary powers granted
YesFiduciary or related activity
$16,087Managed Assets
1Number of Accounts
$15,070Personal trust and agency accounts
$15,070Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
21Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$1,017Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$1,017Fiduciary accounts held in foreign offices

List of branches

5 Alabama Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	42166	First Southern Bank	301 South Court Street, Florence, AL 35630	January 01, 1934	Full Service Brick and Mortar
100	274596	Killen Branch	5287 Highway 72, Killen, AL 35645	January 01, 1934	Full Service Brick and Mortar
103	274599	Muscle Shoals Branch	1027 Avalon Avenue, Muscle Shoals, AL 35661	April 16, 1990	Full Service Brick and Mortar
105	455368	Ford City Branch	5145 River Road, Muscle Shoals, AL 35661	September 20, 2006	Full Service Brick and Mortar
106	468175	St. Florian Branch	4350 County Road 47, Florence, AL 35630	August 27, 2007	Full Service Brick and Mortar

First Southern Bank in Florence, Alabama (AL)
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)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

First Southern Bank in Florence, Alabama (AL)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)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

First Southern Bank in Florence, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches