Bank of the South

Our records indicate that this bank has been acquired by The Warrington Bank.

Headquarters

4410 W. Fairfield Drive
Pensacola, FL 32506
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 4.01% →
1-Year CD N.A. 4.50% →
2-Year CD N.A. 4.73% →
5-Year CD N.A. 4.75% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 1.93% →

2022 Overview

General Bank Information

Bank of the South is an FDIC insured institution located in Pensacola, FL. It was founded in 1964 and has approximately $0.09 billion in assets. Customers can open an account at one of its 2 branches.

FDIC Insured Yes
FDIC Certificate # 19125
Date Established 1964
Assets $ 91.73 million
Loans $ 21.51 million
Deposits $ 78.43 million
Capital $ 14.49 million
 

For a more detailed analysis of Bank of the South's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - November 28, 2022

Your Current Location: California, CA 92111

There are currently no rates available for Bank Of The South, but see these great savings and CD rates:

Advertiser Disclosure
 

Loan Rates - November 28, 2022

Your Current Location: California, CA 92111

There are currently no loan rates available for Bank of the South

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:




Featured - California 30 Year Fixed Mortgage Rates 2022

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Quicken Loans NMLS #3030
NMLS ID: 3030
7.779% 7.625%
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AimLoan.com
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6.226% 6.125%
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6.722% 6.625%
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Eligibility.org
NMLS ID: 1907

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Featured - California Home Equity Line Of Credit Rates 2022

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
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Intro APR 6.490 %
After Intro: 7.750 %
Intro Period: 12 months
$25,000 Learn More
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Third Federal Savings and Loan
Third Federal Savings and Loan
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6.490 %
$0 Learn More
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Note to Bank of the South
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Branches

Bank of the South branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
San Diego,California


Bank of the South Locations



Climate Initiatives

Bank of the South is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.

Financial Details

Bank of the South Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Bank of the South. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
Bank of the South U.S. Bank Average
0% 4.06%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2022, Bank of the South had $0 in non-current loans and $0 in owned real estate. To cover these potential losses it had $14,491,000 in equity and $247,000 in loans loss reserves. That gives it a Texas Ratio of 0%.

Return on Equity
Bank of the South U.S. Bank Average
0.54% 9.98%

Bank of the South has a Return on Equity of 0.54% versus the BestCashCow average of 9.98%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
Bank of the South U.S. Bank Average
15.8% 10.23%

Bank of the South has a Capitalization of 15.8% versus the BestCashCow average of 10.23. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

Bank of the South Balance Sheet Analysis

As of March 31, 2022, Bank of the South had assets of $93,007,000, loans of $21,511,000, and deposits of $78,432,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2022
ASSETS
Cash & Balances due from depository institutions $ 14.85 million
Interest-bearing balances $ 10.67 million
Total securities $ 55.50 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 21.51 million
Loan loss allowance $ 0.25 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles N.A.
All other assets $ 0.45 million
     Total Assets $ 78.52 million
LIABILITIES
Total deposits $ 78.43 million
      Interest-bearing deposits $ 53.08 million
      Deposits held in domestic offices $ 78.43 million
      % insured (estimated) 78.76%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 0.08 million
      Total Liabilities $ 78.52 million
      Shareholders’ Equity $ 13.22 million

Summary Income Statement

June 30, 2022
INCOME AND EXPENSES
Total Interest Income $ 0.42 million
Total Interest Expense $ 0.01 million
Net interest income $ 0.41 million
Provision for loan and lease losses N.A.
Total non interest income $ 0.06 million
Total non interest expense $ 0.50 million
Pre-tax Net Operating Income N.A.

Bank Loan Profile?

The top three loan types in Bank of the South’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Commercial and Industrial Loans.

Compared to other banks, Bank of the South’s loan portfolio does not show any specific loan specialty.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 30.89
Multifamily
Mortgages
0.93
Credit Card Loans 0.00
Consumer Auto Loans 0.23
Small Business Loans 0.00
Construction and Development Loans 2.81
Commercial Real Estate 58.05
Commercial and Industrial Loans 8.04
Farm Loans 0.00

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