FDIC Certificate #: 58811 Status: Active Federal Reserve ID: 3807880 Date Established: October 29, 2008 WWW:http://www.onesouthbank.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 18099 FDIC's unique #: 468987 Numeric code: 33 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: October 29, 2008 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012
Location
Address: 1385 Main Street, Chipley, FL 32428 County: Washington Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Pensacola Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $30.6 mil Equity capital: $5.5 mil Deposits held in domestic offices: $25.0 mil Return on assets (ROA): -1.43% (-$0.4 mil) Quarterly return on assets: -0.72% (-$0.2 mil) Return on Equity (ROE): -6.87% (-$0.4 mil) Quarterly return on equity: -3.95% (-$0.2 mil) Net income: -$0.4 mil Quarterly Net income: -$0.1 mil Pretax return on assets: -1.43% (-$437.3 mil) Quarterly Pretax return on assets: -0.72% (-$220.2 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
7Total employees (full-time equivalent)
$30,581Total assets
$8,399Cash and due from depository institutions
$8,074Interest-bearing balances
$1,125Securities
$0Federal funds sold & reverse repurchase agreements
$18,376Net loans & leases
$197Loan loss allowance
$0Trading account assets
$2,406Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$30,581Life insurance assets
$275All other assets
$25,040Total liabilities and capital
$25,002Total liabilities
$23,414Total deposits
$25,002Interest-bearing deposits
$80Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$38Subordinated debt
$5,541All other liabilities
$5,541Total equity capital
$5,541Total bank equity capital
$0Perpetual preferred stock
$2,500Common stock
$5,000Surplus
$-1,959Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$180Long-term assets (5+ years)
$27,575Average Assets, year-to-date
$3,932Average Assets, quarterly
$27,325Volatile liabilities
$30,451Insider loans
$18,725FHLB advances
$30,634Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$5,500Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,214Restructured Loans and leases
$2,620Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,094Total interest income
$297Total interest expense
$797Net interest income
$43Provision for loan and lease losses
$20Total noninterest income
$0Fiduciary activities
$11Service charges on deposit accounts
$0Trading account gains & fees
$9Additional noninterest income
$1,165Total noninterest expense
$510Salaries and employee benefits
$202Premises and equipment expense
$453Additional noninterest expense
-$391Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$391Income before extraordinary items
$0Extraordinary gains - net
-$391Net income attributable to bank
$0Net charge-offs
-$391Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.73%Yield on earning assets
1.28%Cost of funding earning assets
3.45%Net interest margin
0.09%Noninterest income to earning assets
5.04%Noninterest expense to earning assets
-1.43%Net operating income to assets
-1.43%Return on assets (ROA)
-1.43%Pretax return on assets
-6.87%Return on equity (ROE)
-6.87%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
142,595Assets per employee
4.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.06%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
73.50%Net loans and leases to core deposits
86.90%Equity capital to assets
18.12%Core capital (leverage) ratio
17.95%Tier 1 risk-based capital ratio
29.37%Total risk-based capital ratio
Memoranda
$30Average assets
$27,325Average earning assets
$5,695Average equity
$23,131Average loans
List of branches
1 Florida Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
468987
One South Bank
1385 Main Street, Chipley, FL 32428
October 29, 2008
Full Service Brick and Mortar
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