The Graveyard › Banks › 2011
First Southern National Bank
Statesboro, GA · failed August 19, 2011 · FDIC certificate 57239
First Southern National Bank of Statesboro, GA failed on August 19, 2011. It opened on February 5, 2002, 9 years before. At its last report before that it held $164.6 million in assets and $159.7 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2008, it held $338.1 million. The FDIC estimates that the Deposit Insurance Fund lost $22.2 million on it.
2002-032011-06
Assets at the end$164.6 millionlast report before August 19, 2011
Deposits at the end$159.7 million
Estimated loss to the fund$22.2 millionDIF
Largest in the quarterly reports$338.1 millionJune 30, 2008
Equity to assets2.8%June 30, 2011
Loans not being repaid17.2%noncurrent, June 30, 2011
Return on assets-2.14%a year's rate, June 30, 2011
Staff32full time, June 30, 2011
Also ended in 2011
- Superior Bank · Birmingham, AL · $3.0 billion in assets
- First Community Bank · Taos, NM · $2.2 billion in assets
- United Western Bank · Denver, CO · $2.2 billion in assets
- Integra Bank National Association · Evansville, IN · $2.0 billion in assets
- Lydian Private Bank · Palm Beach, FL · $1.7 billion in assets
- Community Banks of Colorado · Greenwood Village, CO · $1.3 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.