FDIC Certificate #: 58052 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Southern Bank (#28332) Federal Reserve ID: 3369940 Date Established: August 01, 2005 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) FDIC's unique #: 437822 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: August 01, 2005 Last Structure Change Effective Date: December 17, 2010 Last Structure Change Process Date: December 20, 2010 Last Data Update: December 20, 2010 Data Source Date: April 05, 2012
Location
Address: 1583 South St. Louis Street, Batesville, AR 72501 County: Independence Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Little Rock Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Western Core Based Statistical Area (CBSA): Batesville, AR (#12900) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $191.8 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
29Total employees (full-time equivalent)
$128,108Total assets
$2,090Cash and due from depository institutions
$189Interest-bearing balances
$25,083Securities
$2,500Federal funds sold & reverse repurchase agreements
$94,381Net loans & leases
$1,855Loan loss allowance
$0Trading account assets
$1,756Bank premises and fixed assets
$15Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,283All other assets
$128,108Total liabilities and capital
$115,094Total liabilities
$107,103Total deposits
$103,094Interest-bearing deposits
$107,103Deposits held in domestic offices
93.19%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$7,768Other borrowed funds
$0Subordinated debt
$223All other liabilities
$13,014Total equity capital
$13,014Total bank equity capital
$13,014Perpetual preferred stock
$0Common stock
$1Surplus
$13,595Undivided profits
Memoranda
$-582Noncurrent loans and leases
$6,961Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,808Earning assets
$0Long-term assets (5+ years)
$558Average Assets, year-to-date
$122,153Average Assets, quarterly
$33,160Volatile liabilities
$114,228Insider loans
$123,856FHLB advances
$39,805Loans and leases held for sale
$2,218Unused loan commitments
$7,768Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,961Total unused commitments
$0Restructured Loans and leases
$1,211Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$6,072Total interest income
$2,147Total interest expense
$3,925Net interest income
$1,844Provision for loan and lease losses
$142Total noninterest income
$0Fiduciary activities
$98Service charges on deposit accounts
$0Trading account gains & fees
$44Additional noninterest income
$2,958Total noninterest expense
$1,419Salaries and employee benefits
$382Premises and equipment expense
$1,157Additional noninterest expense
-$735Pre-tax net operating income
$376Securities gains (losses)
-$255Applicable income taxes
-$104Income before extraordinary items
$0Extraordinary gains - net
-$104Net income attributable to bank
$0Net charge-offs
-$104Cash dividends
$827Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.55%Yield on earning assets
1.96%Cost of funding earning assets
3.59%Net interest margin
0.13%Noninterest income to earning assets
2.70%Noninterest expense to earning assets
-0.30%Net operating income to assets
-0.09%Return on assets (ROA)
-0.31%Pretax return on assets
-0.79%Return on equity (ROE)
-0.79%Retained earnings to average equity (YTD only)
0.94%Net charge-offs to loans
222.97%Credit loss provision to net charge-offs
1.34%Efficiency ratio
72,732Assets per employee
4.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.93%Loss allowance to noncurrent loans
48.71%Noncurrent assets plus other real estate owned to assets
2.98%Noncurrent loans to loans
3.96%Net loans and leases to deposits
88.12%Net loans and leases to core deposits
140.24%Equity capital to assets
10.16%Core capital (leverage) ratio
11.16%Tier 1 risk-based capital ratio
13.57%Total risk-based capital ratio
Memoranda
$15Average assets
$114,228Average earning assets
$13,171Average equity
$109,460Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Southern Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: