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

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

First Southern State Bank - Overview

General
FDIC Certificate #: 2829
Status: Active
Federal Reserve ID: 246134
Bank Holding Company (Regulatory Top Holder): First Bancshares Of Stevenson, Inc. (RSSDID: 1869987, Location: Stevenson, AL)
Date Established: October 01, 1910
WWW: http://www.fssbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Domestic: 8, Interstate: No)
OTS Docket #: 12485
FDIC's unique #: 1850
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: All Other Specialization < 1 Billion
Date of Deposit Insurance: January 01, 1934
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: 80 Bank Street, Stevenson, AL 35772
County: Jackson
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
Core Based Statistical Area (CBSA): Scottsboro, AL (#42460)
CBSA Micro Statistical Area: Yes
History of Changes
Change in Geographic Region/Area/Territory/Field Office
Financial Summary
Total assets: $331.3 mil
Equity capital: $32.8 mil
Deposits held in domestic offices: $285.1 mil
Return on assets (ROA): 0.61% ($2.0 mil)
Quarterly return on assets: 0.68% ($2.3 mil)
Return on Equity (ROE): 6.24% ($2.1 mil)
Quarterly return on equity: 6.78% ($2.2 mil)
Net income: $2.0 mil
Quarterly Net income: $0.6 mil
Pretax return on assets: 0.77% ($2,551.1 mil)
Quarterly Pretax return on assets: 0.90% ($2,981.8 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
86Total employees (full-time equivalent)
$331,316Total assets
$30,761Cash and due from depository institutions
$3,210Interest-bearing balances
$91,407Securities
$0Federal funds sold & reverse repurchase agreements
$183,100Net loans & leases
$2,691Loan loss allowance
$0Trading account assets
$9,674Bank premises and fixed assets
$1,371Other real estate owned
$1,035Goodwill and other intangibles
$331,316Life insurance assets
$13,968All other assets
$298,489Total liabilities and capital
$285,142Total liabilities
$259,362Total deposits
$285,142Interest-bearing deposits
$88Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$10,000Trading liabilities
$0Other borrowed funds
$3,347Subordinated debt
$32,827All other liabilities
$32,827Total equity capital
$32,827Total bank equity capital
$0Perpetual preferred stock
$50Common stock
$1,275Surplus
$31,502Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,245Income earned, not collected on loans
$0Earning assets
$1,584Long-term assets (5+ years)
$277,717Average Assets, year-to-date
$94,250Average Assets, quarterly
$334,307Volatile liabilities
$330,043Insider loans
$213,833FHLB advances
$325,590Loans and leases held for sale
$7,126Unused loan commitments
$7,126Tier 1 (core) risk-based capital
$31,263Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$9,155Restructured Loans and leases
$7,023Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$15,049Total interest income
$3,635Total interest expense
$11,414Net interest income
$3,500Provision for loan and lease losses
$1,942Total noninterest income
$0Fiduciary activities
$1,554Service charges on deposit accounts
$0Trading account gains & fees
$388Additional noninterest income
$7,990Total noninterest expense
$3,998Salaries and employee benefits
$1,133Premises and equipment expense
$2,859Additional noninterest expense
$1,866Pre-tax net operating income
$707Securities gains (losses)
$550Applicable income taxes
$2,023Income before extraordinary items
$0Extraordinary gains - net
$2,023Net income attributable to bank
$0Net charge-offs
$2,023Cash dividends
$4,103Sale, conversion, retirement of capital stock, net
$1,420Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.28%Yield on earning assets
1.27%Cost of funding earning assets
4.00%Net interest margin
0.68%Noninterest income to earning assets
2.80%Noninterest expense to earning assets
0.44%Net operating income to assets
0.61%Return on assets (ROA)
0.77%Pretax return on assets
6.24%Return on equity (ROE)
1.86%Retained earnings to average equity (YTD only)
2.11%Net charge-offs to loans
85.30%Credit loss provision to net charge-offs
1.31%Efficiency ratio
58,595Assets per employee
3.85%Cash dividends to net income (YTD only)
Condition Ratios (%)
70.19%Loss allowance to loans
1.45%Loss allowance to noncurrent loans
119.87%Noncurrent assets plus other real estate owned to assets
1.09%Noncurrent loans to loans
1.21%Net loans and leases to deposits
64.21%Net loans and leases to core deposits
66.79%Equity capital to assets
9.91%Core capital (leverage) ratio
9.60%Tier 1 risk-based capital ratio
14.62%Total risk-based capital ratio
Memoranda
$16Average assets
$334,307Average earning assets
$32,411Average equity
$285,223Average loans

List of branches

8 Alabama Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	1850	First Southern State Bank	80 Bank Street, Stevenson, AL 35772	October 01, 1910	Full Service Brick and Mortar
1	194465	The Sand Mountain Branch	Highway 71, Higdon, AL 35979	August 08, 1967	Full Service Brick and Mortar
3	194467	Scottsboro Branch	20 Micah Way, Scottsboro, AL 35769	August 12, 1996	Full Service Brick and Mortar
4	180938	Rainsville Branch	403 Main Street West, Rainsville, AL 35986	October 31, 1994	Full Service Brick and Mortar
5	180947	Fort Payne Branch	1820 Glen Boulevard, Fort Payne, AL 35967	November 10, 1997	Full Service Brick and Mortar
6	5797	West Main Street Branch	201 West Main Street, Centre, AL 35960	December 15, 1917	Full Service Brick and Mortar
7	219362	Leesburg Branch	State Highway 68 And County Highway 44, Leesburg, AL 35983	November 26, 1973	Full Service Brick and Mortar
8	491882	Fort Payne Branch	2128 Gault Ave N, Fort Payne, AL 35967	September 11, 2008	Full Service Brick and Mortar

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

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

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