Community & Southern Bank (merged into Bank of the Ozarks)
Community & Southern Bank reported total assets of $3.9 bn at Q2 2016, its last Call Report before it merged into Bank of the Ozarks. The CET1 capital ratio at Community & Southern Bank was 11.79%, and the uninsured share of Community & Southern Bank was 10.00%. Source: FDIC Call Reports.
What sets Community & Southern Bank apart
Nothing in the latest data sets Community & Southern Bank apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is Community & Southern Bank?
The balance sheet of Community & Southern Bank at : assets $3.9 bn, deposits $3.3 bn, net loans $3.1 bn (loans equal to 93.32% of deposits). Securities make up 12.1% of total assets at Community & Southern Bank. Since , when Community & Southern Bank held $4.1 bn, its assets shrank 3.0%. At , Community & Southern Bank employed 516 full-time equivalent staff across 51 offices, about $7.7 mn of assets per employee and $64.6 mn of deposits per office.
How much funding at Community & Southern Bank is uninsured?
At Community & Southern Bank, uninsured deposits (above the FDIC limit) made up 10.00% of domestic deposits at . In dollars, Community & Southern Bank estimated $329.7 mn of uninsured deposits.
Key facts, Q2 2016
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $3.3 bn | not available | |
| Net loans and leases | $3.1 bn | not available | |
| Loan-to-deposit ratio | 93.32% | not available | |
| Tier 1 leverage ratio | 10.89% | not available | |
| Total risk-based capital ratio | 13.04% | not available | |
| Net interest margin | 4.21% | not available | |
| Return on assets (ROA) | 1.25% | not available | |
| Efficiency ratio | 47.60% | not available | |
| Unrealized gain/loss on held-to-maturity securities | Gain of $3.6 mn | not available | |
| Unrealized gain/loss on available-for-sale securities | Gain of $6.8 mn | not available | |
| Noncurrent loans to total loans | 0.67% | not available | |
| Net charge-offs to average loans | 0.38% | not available |
US rank of Community & Southern Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
Community & Southern Bank: assets, deposits and loans
- Total assets $3.9bn
- Deposits $3.3bn
- Net loans $3.1bn
Capital and securities
The CET1 ratio of Community & Southern Bank stood at 11.79% in . Low and high at Community & Southern Bank since : 11.19% () to 11.79% (). Equity capital of Community & Southern Bank at : $485.3 mn, or 12.3% of total assets. Community & Southern Bank also reported a total capital ratio of 13.04% for , and a tier 1 leverage ratio of 10.89%.
On held-to-maturity securities, Community & Southern Bank carried an unrealized gain of $3.6 mn at , equal to 0.7% of equity capital. The available-for-sale portfolio of Community & Southern Bank showed an unrealized gain of $6.8 mn at .
Community & Southern Bank: capital ratios
- Total capital 13%
- CET1 12%
- Tier 1 leverage 11%
Community & Southern Bank: unrealized securities gains and losses
- Available for sale $7mn
- Held to maturity $4mn
Profitability and loan quality
For the year to , Community & Southern Bank earned a return on equity of 10.82%; return on assets: 1.25%. Net interest margin at Community & Southern Bank: 4.21%. Community & Southern Bank net income: $25.5 mn. The efficiency ratio of Community & Southern Bank was 47.60%: about 48 cents cost per revenue dollar, against 67 cents at the median peer.
At , noncurrent loans were 0.67% of total loans at Community & Southern Bank; net charge-offs: 0.38% of average loans. Gross loans and leases at Community & Southern Bank: $3.1 bn.
Community & Southern Bank: profitability
- Return on equity 11%
- Net interest margin 4.2%
- Return on assets 1.3%
Peer group of Community & Southern Bank
The peer group of Community & Southern Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 3 share the charter type of Community & Southern Bank (state nonmember bank) and 0 have head offices in Georgia. Against them, Community & Southern Bank shows CET1 ratio 11.79% against a peer median of 12.48%, return on equity 10.82% against a peer median of 7.81% and uninsured deposit share 10.00% against a peer median of 31.11%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| OceanFirst Bank | National bank | NJ | $4.1 bn | 11.18% | 5.81% | 28.81% | |
| TIAA-CREF Trust Company, FSB | Federal savings bank | MO | $4.0 bn | 20.53% | -3.46% | 14.05% | |
| MainSource Bank | State nonmember bank | IN | $4.0 bn | 13.79% | 8.29% | 33.42% | |
| Community & Southern Bank | State nonmember bank | GA | $3.9 bn | 11.79% | 10.82% | 10.00% | |
| Salem Five Cents Savings Bank | State nonmember bank | MA | $3.9 bn | 14.26% | 7.33% | 22.22% | |
| Bankers Trust Company | State nonmember bank | IA | $3.9 bn | 8.92% | 9.80% | 59.88% | |
| Wintrust Bank | National bank | IL | $3.9 bn | 9.42% | 11.19% | 38.56% | |
. FDIC Call Reports.
Last eight quarters
Two years at Community & Southern Bank, to : assets $4.1 bn to $3.9 bn, deposits $3.6 bn to $3.3 bn, equity $472.1 mn to $485.3 mn. Staff 568 to 516.
| Metric | Q1 2016 | Q2 2016 |
|---|---|---|
| Total assets | $4.1 bn | $3.9 bn |
| Total deposits | $3.6 bn | $3.3 bn |
| Bank equity capital | $472.1 mn | $485.3 mn |
| CET1 ratio | 11.19% | 11.79% |
| Return on equity (ROE) | 11.92% | 10.82% |
| Uninsured share of domestic deposits | 10.01% | 10.00% |
| Full-time equivalent employees | 568 | 516 |
| Number of offices | 51 | 51 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of Community & Southern Bank, oldest first; figures before and after each event are not like for like.
- . Merged into Bank of the Ozarks (FDIC certificate 110).
Questions and identifiers
What were the total assets of Community & Southern Bank?
Community & Southern Bank reported $3.9 bn at in its Call Report.
Is Community & Southern Bank the same as its holding company?
No. This page covers Community & Southern Bank, FDIC certificate 59010; COMMUNITY&SOUTHERN HOLDINGS (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is Community & Southern Bank profitable?
Community & Southern Bank reported net income of $25.5 mn for the year to ; annualized return on equity: 10.82%. So yes: Community & Southern Bank made a profit over these months.
When is data for Community & Southern Bank next updated?
Community & Southern Bank no longer files Call Reports; its data ends at .
Where can I check the figures for Community & Southern Bank?
In the FDIC BankFind Suite record for certificate 59010, and in the Call Reports of Community & Southern Bank (RSSD ID 3967449) at the FFIEC Central Data Repository.