SouthBank, a Federal Savings Bank in Huntsville, Alabama (AL), MS, AR, NC, TN
Overview, Financial Summary, Detailed Financial Reports, Branches


  • SouthBank, a Federal Savings Bank in Huntsville, Alabama (AL), MS, AR, NC, TN
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SouthBank, a Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 33109
    Status: Active
    Federal Reserve ID: 895475
    Date Established: May 04, 1990
    WWW: http://www.southbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 13 (Domestic: 13, Interstate: Yes)
    OTS Docket #: 8854
    FDIC's unique #: 46343
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 04, 1990
    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: 118 Jefferson Street, Huntsville, AL 35801
    County: Madison
    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): Huntsville, AL (#3440)
    Combined Statistical Area (CSA): Huntsville-Decatur, AL (#290)
    Core Based Statistical Area (CBSA): Huntsville, AL (#26620)
    CBSA Metro Statistical Area: Huntsville, AL (#26620)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $242.2 mil
    Equity capital: $20.9 mil
    Deposits held in domestic offices: $183.8 mil
    Return on assets (ROA): -0.45% (-$1.1 mil)
    Quarterly return on assets: -0.71% (-$1.7 mil)
    Return on Equity (ROE): -5.29% (-$1.1 mil)
    Quarterly return on equity: -8.17% (-$1.7 mil)
    Net income: -$1.1 mil
    Quarterly Net income: -$0.4 mil
    Pretax return on assets: -0.46% (-$1,114.0 mil)
    Quarterly Pretax return on assets: -0.83% (-$2,010.1 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
  • 92Total employees (full-time equivalent)
  • $242,177Total assets
  • $56,586Cash and due from depository institutions
  • $54,593Interest-bearing balances
  • $61,830Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $105,523Net loans & leases
  • $2,122Loan loss allowance
  • $0Trading account assets
  • $4,335Bank premises and fixed assets
  • $5,773Other real estate owned
  • $0Goodwill and other intangibles
  • $242,177Life insurance assets
  • $8,130All other assets
  • $221,293Total liabilities and capital
  • $183,831Total liabilities
  • $169,453Total deposits
  • $183,831Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 3623.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $13,000Trading liabilities
  • $0Other borrowed funds
  • $20,839Subordinated debt
  • $20,884All other liabilities
  • $20,884Total equity capital
  • $20,884Total bank equity capital
  • $0Perpetual preferred stock
  • $10Common stock
  • $6,740Surplus
  • $14,134Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,592Income earned, not collected on loans
  • $0Earning assets
  • $615Long-term assets (5+ years)
  • $221,946Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $251,880Volatile liabilities
  • $242,700Insider loans
  • $132,523FHLB advances
  • $243,300Loans and leases held for sale
  • $251Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $22,007Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $19,169Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,128Total interest income
  • $2,010Total interest expense
  • $7,118Net interest income
  • -$130Provision for loan and lease losses
  • $509Total noninterest income
  • $0Fiduciary activities
  • $538Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$29Additional noninterest income
  • $9,809Total noninterest expense
  • $5,306Salaries and employee benefits
  • $1,588Premises and equipment expense
  • $2,915Additional noninterest expense
  • -$2,052Pre-tax net operating income
  • $883Securities gains (losses)
  • -$41Applicable income taxes
  • -$1,128Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,128Net income attributable to bank
  • $0Net charge-offs
  • -$1,128Cash dividends
  • $752Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.00%Yield on earning assets
  • 0.88%Cost of funding earning assets
  • 3.12%Net interest margin
  • 0.22%Noninterest income to earning assets
  • 4.30%Noninterest expense to earning assets
  • -0.78%Net operating income to assets
  • -0.45%Return on assets (ROA)
  • -0.46%Pretax return on assets
  • -5.29%Return on equity (ROE)
  • -5.29%Retained earnings to average equity (YTD only)
  • 0.62%Net charge-offs to loans
  • -17.29%Credit loss provision to net charge-offs
  • -2.90%Efficiency ratio
  • 128,609Assets per employee
  • 2.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.97%Loss allowance to noncurrent loans
  • 59.08%Noncurrent assets plus other real estate owned to assets
  • 3.73%Noncurrent loans to loans
  • 3.34%Net loans and leases to deposits
  • 57.40%Net loans and leases to core deposits
  • 59.95%Equity capital to assets
  • 8.62%Core capital (leverage) ratio
  • 9.05%Tier 1 risk-based capital ratio
  • 16.61%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $251,880Average earning assets
  • $21,338Average equity
  • $228,332Average loans

List of branches

  • 4 Alabama Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    046343Southbank, A Federal Savings Bank118 Jefferson Street, Huntsville, AL 35801May 04, 1990Full Service Brick and Mortar
    152892258848 Alabama Highway 208848 Alabama Highway 20, Madison, AL 35758May 29, 1995Full Service Brick and Mortar
    204191582801 Memorial Parkway Branch2801 S. Memorial Parkway, Suite 102, Huntsville, AL 35801October 16, 2002Full Service Brick and Mortar
    21425200Jones Valley Branch2021 Cecil Ashburn Drive, Huntsville, AL 35802August 02, 2002Full Service Brick and Mortar
  • 3 Arkansas Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    844487Commonwealth Branch750 West Keiser, Osceola, AR 72370January 01, 1972Full Service Brick and Mortar
    10285501102 N Baltimore Branch102 North Baltimore, Manila, AR 72442January 01, 1972Full Service Brick and Mortar
    1143154Blytheville Branch208 North Second Street, Blytheville, AR 72315June 19, 1947Full Service Brick and Mortar
  • 4 Mississippi Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    2282696Oxford Branch714 Jackson Avenue, Oxford, MS 38655January 01, 1956Full Service Brick and Mortar
    16289226Corinth Branch515 Filmore Street, Corinth, MS 38834January 02, 1996Full Service Brick and Mortar
    22425201Harper Road Branch2222 Harper Road, Corinth, MS 38834November 01, 1999Full Service Brick and Mortar
    23425202Courthouse Square Branch106 Courthouse Square, Oxford, MS 38655July 01, 2000Full Service Brick and Mortar
  • 1 North Carolina Branch as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    1240759400 West Main Street Branch400 West Main Street, Durham, NC 27701January 01, 1922Full Service Brick and Mortar
  • 1 Tennessee Branch as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    19362995Mulberry Branch904 Mulberry Avenue, Selmer, TN 38375December 03, 2001Full Service Brick and Mortar

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