FDIC Certificate #: 15923 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:PeoplesSouth Bank (#21292) Federal Reserve ID: 613231 Date Established: January 02, 1943 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 16100 FDIC's unique #: 10155 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: January 02, 1943 Last Structure Change Effective Date: April 13, 2005 Last Structure Change Process Date: May 03, 2005 Last Data Update: May 03, 2005 Data Source Date: April 05, 2012
Location
Address: Main Street, Malone, FL 32445 County: Jackson 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
Financial Summary
Total assets: $68.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
21Total employees (full-time equivalent)
$67,547Total assets
$2,365Cash and due from depository institutions
$17Interest-bearing balances
$10,378Securities
$9,111Federal funds sold & reverse repurchase agreements
$42,413Net loans & leases
$642Loan loss allowance
$0Trading account assets
$1,959Bank premises and fixed assets
$535Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$786All other assets
$67,547Total liabilities and capital
$62,738Total liabilities
$62,501Total deposits
$53,411Interest-bearing deposits
$62,501Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$237All other liabilities
$4,809Total equity capital
$4,809Total bank equity capital
$4,809Perpetual preferred stock
$0Common stock
$570Surplus
$1,595Undivided profits
Memoranda
$2,644Noncurrent loans and leases
$5,408Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$473Earning assets
$0Long-term assets (5+ years)
$467Average Assets, year-to-date
$61,919Average Assets, quarterly
$12,065Volatile liabilities
$60,138Insider loans
$65,199FHLB advances
$10,183Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,408Total unused commitments
$0Restructured Loans and leases
$590Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$3,257Total interest income
$971Total interest expense
$2,286Net interest income
$125Provision for loan and lease losses
$188Total noninterest income
$0Fiduciary activities
$153Service charges on deposit accounts
$0Trading account gains & fees
$35Additional noninterest income
$1,425Total noninterest expense
$663Salaries and employee benefits
$216Premises and equipment expense
$546Additional noninterest expense
$924Pre-tax net operating income
$3Securities gains (losses)
$336Applicable income taxes
$591Income before extraordinary items
$0Extraordinary gains - net
$591Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$14Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.90%Yield on earning assets
1.76%Cost of funding earning assets
4.14%Net interest margin
0.34%Noninterest income to earning assets
2.58%Noninterest expense to earning assets
0.98%Net operating income to assets
0.98%Return on assets (ROA)
1.54%Pretax return on assets
13.85%Return on equity (ROE)
13.85%Retained earnings to average equity (YTD only)
-0.03%Net charge-offs to loans
-892.86%Credit loss provision to net charge-offs
0.00%Efficiency ratio
57,599Assets per employee
3.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.49%Loss allowance to noncurrent loans
135.73%Noncurrent assets plus other real estate owned to assets
1.49%Noncurrent loans to loans
1.10%Net loans and leases to deposits
67.86%Net loans and leases to core deposits
81.07%Equity capital to assets
7.12%Core capital (leverage) ratio
7.06%Tier 1 risk-based capital ratio
10.06%Total risk-based capital ratio
Memoranda
$11Average assets
$60,138Average earning assets
$4,268Average equity
$55,159Average loans
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