Southbank, A Federal Savings Bank
Huntsville, AL — Federal Savings Bank
Acquired Apr 2016
Vitals
-
Total Assets62.7M -43.1 %
-
Total Deposits46.4M -48.7 %
-
Total Net Loans29.8M -38.7 %
-
Net Income-801000.0000 1.6 %
-
Book Value12.5M -14.4 %
-
Book Value x225.0M -14.4 %
-
Book Value x337.4M -14.4 %
Balance Sheet Highlights
| Financial Highlights | Southbank, A Federal Savings Bank |
| Balance Sheet $(000) | |
| Total Assets | 62,727 |
| Total Net Loans | 29,774 |
| Total Deposits | 46,380 |
| Total Equity | 12,483 |
| Profitability | |
| Net Income | -801 |
| Return on Average Assets | -4.975 |
| Return on Average Equity | -25.334 |
| Net Interest Margin | 3.123 |
| Efficiency Ratio | 243.321 |
| Noninterest Income/Revenue | 11.72 |
| Balance Sheet Ratios | |
| Loan-to-Deposit | 64.196 |
| Securities/Assets | .319 |
| Total Equity/Total Assets | .199 |
| Tangible Equity/Tangible Assets | .199 |
| Capital Adequacy | |
| Tier 1 Common Capital | 12,369 |
| Tier 1 Capital | 12,369 |
| Tier 2 Capital | 507 |
| Total Capital | 12,876 |
| Total Risk Weighted Assets | 38,631 |
| Leverage Ratio | 19.21 |
| Common Equity Tier 1 Capital Ratio | 32.02 |
| Tier 1 Capital Ratio | 32.02 |
| Total Capital Ratio | 33.33 |
Timeline for Southbank, A Federal Savings Bank
Reliance Bank
Southbank, A Federal Savings Bank was acquired by Reliance Bank 8 years
View Profile Apr 30 2016
Corinthian Mortgage Corporation
Corinthian Mortgage Corporation became a new subsidiary organization for Southbank, A Federal Savings Bank.
View Profile Jan 01 2007
First Federal Savings And Loan Association Of Durham
Acquisition: Southbank, A Federal Savings Bank acquired a new subsidiary, First Federal Savings And Loan Association Of Durham, 30 years
View Profile Apr 01 1994
Commonwealth Savings And Loan Association
Acquisition: Southbank, A Federal Savings Bank acquired a new subsidiary, Commonwealth Savings And Loan Association, 33 years
View Profile Dec 08 1990
Republic Bank For Savings, Fa
Acquisition: Southbank, A Federal Savings Bank acquired a new subsidiary, Republic Bank For Savings, Fa, 33 years
View Profile Jun 30 1990
Want to see more?
Complete timeline for Southbank, A Federal Savings Bank is available.
View Complete Timeline| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Reliance Bank | Buyer | 210,093 | Sale of Assets | 4/30/2016 | |
| First Federal Savings And Loan Association Of Durham | Seller | 68,087 | Discontinued | 4/1/1994 | |
| Commonwealth Savings And Loan Association | Seller | 24,277 | Failure | 12/8/1990 | |
| Republic Bank For Savings, Fa | Seller | 28,135 | Failure | 6/30/1990 |
| Relationships | Role | Relationship Start | Relationship End |
| Commonwealth Savingshares Corporation | Parent | 7/21/2011 | 4/29/2016 |
| Commonwealth Savingshares Corporation | Parent | 5/4/1990 | 7/20/2011 |
| Corinthian Mortgage Corporation | Subsidary | 7/21/2011 | 4/29/2016 |
| Corinthian Mortgage Corporation | Subsidary | 1/1/2007 | 12/31/2007 |
Similar Organizations
| Organization | City | State | Total Assets |
|---|---|---|---|
|
New Republic Savings Bank
|
Roanoke Rapids | NC | 62.5M |
|
Milton Savings Bank
|
Milton | PA | 65.3M |
|
Highland Federal Savings And Loan Association
|
Crossville | TN | 63.0M |
|
Homewood Federal Savings Bank
|
Baltimore | MD | 58.1M |
|
Rayne Building And Loan Association
|
Rayne | LA | 63.6M |
|
The Covington Savings And Loan Association
|
Covington | OH | 66.9M |
|
Edward Jones Trust Company
|
Saint Louis | MO | 67.1M |
|
Galion Building And Loan Bank
|
Galion | OH | 63.9M |
|
Brainerd Savings And Loan Association, A Federal Association
|
Brainerd | MN | 64.7M |
|
Beauregard Fsb
|
Deridder | LA | 60.5M |