Bank of the South
Baton Rouge, LA · Owner: Bancshares of the South Inc
$31.8M
total assets, September 30, 1991
$31.8M
total assets, September 30, 1991
Bank of the South was a state nonmember bank in Baton Rouge, LA, owned by Bancshares of the South Inc. It failed on Oct 30, 1991, and The First National Bank In took over its deposits. At its last report it held $31.8 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1991
This bank failed
- Failed on
- Oct 30, 1991
- Assets
- $31.8M
- Deposits
- $31.3M
- Estimated cost
- $3.6M
- Deposits went to
- The First National Bank In, Morgan City, LA
Total assets
$31.8M
-36.1% in a year · -12.3% in a quarter
Deposits
$31.3M
-34.5% in a year · -11.2% in a quarter
Loans
$22.8M
-27.2% in a year · -14.6% in a quarter
Profit so far
-$655K
Jan 1 to Sep 30, 1991
Capital ratio
-0.64%
-2.44 pts in a year
Return on assets
-2.25%
-2.03 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 9800 Airline Highway, Baton Rouge, LA, 70816
- County
- East Baton Rouge
- Holding company
- Bancshares of the South Inc
- Established
- Apr 2, 1979
- Failed
- Oct 30, 1991
- Employees
- 30
- Id
- b22824
Quarter by quarter
March 31, 1984 to September 30, 1991
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Bank of the South?
$31.8 million in total assets and $31.3 million in deposits as of September 30, 1991, with assets down 36.1% from a year before. Its loans were $22.8 million.
Is Bank of the South profitable?
No: it lost $655,000 from January 1 to September 30, 1991. Its return on assets was -2.25% a year; about 1% is typical.
Who owns Bank of the South?
Bank of the South is owned by Bancshares of the South Inc, its holding company.
When did Bank of the South fail?
Oct 30, 1991. The First National Bank In of Morgan City, LA took over its deposits. The estimated cost of the failure was $3.58 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.