Capitalsouth Bank
Birmingham, AL — State Member Bank
Acquired Aug 2009
Vitals
-
Total Assets586.6M -20.5 %
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Total Deposits539.4M -13.5 %
-
Total Net Loans463.3M -19.6 %
-
Net Income
-
Book Value6.8M -86.8 %
-
Book Value x213.7M -86.8 %
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Book Value x320.5M -86.8 %
Balance Sheet Highlights
| Financial Highlights | Capitalsouth Bank | All Insured Commercial Banks in Alabama |
| Balance Sheet $(000) | ||
| Total Assets | 586,586 | 226,259 |
| Total Net Loans | 463,297 | 153,616 |
| Total Deposits | 539,422 | 187,819 |
| Total Equity | 6,826 | 21,854 |
| Profitability | ||
| Net Income | — | 2,173 |
| Return on Average Assets | — | .81 |
| Return on Average Equity | — | 7.76 |
| Net Interest Margin | 1.771 | 3.628 |
| Efficiency Ratio | 194.893 | 77.407 |
| Noninterest Income/Revenue | 6.58 | 73.283 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 85.888 | 75.154 |
| Securities/Assets | .101 | .481 |
| Total Equity/Total Assets | .012 | .097 |
| Tangible Equity/Tangible Assets | .011 | -5.808 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 6,245 | 21,425 |
| Tier 2 Capital | 6,216 | 1,949 |
| Total Capital | 12,461 | 23,293 |
| Total Risk Weighted Assets | 473,368 | 166,072 |
| Leverage Ratio | 1.01 | 10.301 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 1.32 | 15.258 |
| Total Capital Ratio | 2.63 | 16.351 |
Timeline for Capitalsouth Bank
Capitalsouth Bank was acquired by 14 years
Aug 22 2009
Monticello Bank
Acquisition: Capitalsouth Bank acquired a new subsidiary, Monticello Bank, 16 years
View Profile Sep 15 2007
Mortgage Lion, Inc.
Mortgage Lion, Inc. became a new subsidiary organization for Capitalsouth Bank.
View Profile Sep 15 2007
Capital Bank
Acquisition: Capitalsouth Bank acquired a new subsidiary, Capital Bank, 17 years
View Profile Nov 03 2006
| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Iberiabank | Buyer | 20,717,821 | Failure | 8/22/2009 | |
| Monticello Bank | Seller | 234,209 | Acquisition | Discontinued | 9/15/2007 |
| Capital Bank | Seller | 57,763 | Pooling of Interests | Discontinued | 11/3/2006 |
| Relationships | Role | Relationship Start | Relationship End |
| Capitalsouth Bancorp | Parent | 2/1/1992 | 8/21/2009 |
| Alabama National Bancorporation | Parent | 6/13/1989 | 1/31/1992 |
| Alabama National Bancorporation | Parent | 3/31/1989 | 6/12/1989 |
| Security Mutual Financial Services, Inc. | Subsidary | 6/30/2007 | 8/21/2009 |
| Mortgage Lion, Inc. | Subsidary | 9/15/2007 | 8/21/2009 |
| Security Mutual Financial Services, Inc. | Subsidary | 3/8/1993 | 6/29/2007 |
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