SouthFirst Bank in city_name, state_name - Detailed Financial Reports, Location

SouthFirst Bank in Sylacauga, Alabama (AL)
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SouthFirst Bank - Overview

General
FDIC Certificate #: 30433
Status: Active
Federal Reserve ID: 455477
Date Established: October 18, 1949
WWW: http://www.southfirst.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 5329
FDIC's unique #: 43267
Numeric code: 37
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: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: October 18, 1949
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: 126 N Norton Ave, Sylacauga, AL 35150
County: Talladega
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): Talladega-Sylacauga, AL (#45180)
CBSA Micro Statistical Area: Yes
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $125.0 mil
Equity capital: $7.4 mil
Deposits held in domestic offices: $109.3 mil
Return on assets (ROA): -2.23% (-$2.8 mil)
Quarterly return on assets: 0.33% ($0.4 mil)
Return on Equity (ROE): -32.26% (-$2.3 mil)
Quarterly return on equity: 5.74% ($0.4 mil)
Net income: -$2.9 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: -0.22% (-$275.0 mil)
Quarterly Pretax return on assets: 0.33% ($412.5 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
33Total employees (full-time equivalent)
$124,993Total assets
$16,151Cash and due from depository institutions
$14,339Interest-bearing balances
$8,806Securities
$0Federal funds sold & reverse repurchase agreements
$89,513Net loans & leases
$1,251Loan loss allowance
$0Trading account assets
$1,859Bank premises and fixed assets
$4,488Other real estate owned
$37Goodwill and other intangibles
$124,993Life insurance assets
$4,139All other assets
$117,579Total liabilities and capital
$109,285Total liabilities
$103,484Total deposits
$109,285Interest-bearing deposits
$90Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$7,000Trading liabilities
$0Other borrowed funds
$1,294Subordinated debt
$7,414All other liabilities
$7,414Total equity capital
$7,414Total bank equity capital
$0Perpetual preferred stock
$1Common stock
$8,840Surplus
$-1,427Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$436Income earned, not collected on loans
$0Earning assets
$371Long-term assets (5+ years)
$112,658Average Assets, year-to-date
$0Average Assets, quarterly
$129,701Volatile liabilities
$127,274Insider loans
$87,332FHLB advances
$124,991Loans and leases held for sale
$2,080Unused loan commitments
$0Tier 1 (core) risk-based capital
$7,412Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$14,414Restructured Loans and leases
$49Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$6,033Total interest income
$1,863Total interest expense
$4,170Net interest income
$545Provision for loan and lease losses
$1,356Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1,356Additional noninterest income
$5,260Total noninterest expense
$2,138Salaries and employee benefits
$1,163Premises and equipment expense
$1,959Additional noninterest expense
-$279Pre-tax net operating income
$0Securities gains (losses)
$2,615Applicable income taxes
-$2,894Income before extraordinary items
$0Extraordinary gains - net
-$2,894Net income attributable to bank
$0Net charge-offs
-$2,894Cash dividends
$720Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.26%Yield on earning assets
1.63%Cost of funding earning assets
3.64%Net interest margin
1.18%Noninterest income to earning assets
4.59%Noninterest expense to earning assets
-2.23%Net operating income to assets
-2.23%Return on assets (ROA)
-0.22%Pretax return on assets
-32.26%Return on equity (ROE)
-32.26%Retained earnings to average equity (YTD only)
0.76%Net charge-offs to loans
75.69%Credit loss provision to net charge-offs
0.37%Efficiency ratio
95,186Assets per employee
3.79%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.38%Loss allowance to noncurrent loans
286.93%Noncurrent assets plus other real estate owned to assets
3.94%Noncurrent loans to loans
0.48%Net loans and leases to deposits
81.91%Net loans and leases to core deposits
88.15%Equity capital to assets
5.93%Core capital (leverage) ratio
5.93%Tier 1 risk-based capital ratio
8.49%Total risk-based capital ratio
Memoranda
$10Average assets
$129,701Average earning assets
$8,971Average equity
$114,588Average loans

Total Fiduciary and Related Assets (December 31, 2007)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$9,370Managed Assets
1Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
10Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$9,370Other retirement accounts
$0Corporate trust and agency accounts
$9,370Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

3 Alabama Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	43267	Southfirst Bank	126 N Norton Ave, Sylacauga, AL 35150	October 18, 1949	Full Service Brick and Mortar
1	280385	301 W North St Branch	301 West North Street, Talladega, AL 35160	October 18, 1949	Full Service Brick and Mortar
2	44245	102 5th Street North Branch	105 5th Street North, Clanton, AL 35045	August 12, 1963	Full Service Brick and Mortar

SouthFirst Bank in Sylacauga, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches

SouthFirst Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2007)

List of branches

Comment about this bank, ask questions, or add new information about it:

SouthFirst Bank in Sylacauga, Alabama (AL)Overview, Financial Summary, Detailed Financial Reports, Branches

SouthFirst Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2007)

List of branches

Comment about this bank, ask questions, or add new information about it:

SouthFirst Bank in Sylacauga, Alabama (AL)
Overview, Financial Summary, Detailed Financial Reports, Branches