CapitalSouth Bank
Birmingham, AL · Owner: Capitalsouth Bcorp
$587M
total assets, June 30, 2009
$587M
total assets, June 30, 2009
CapitalSouth Bank was a state member bank in Birmingham, AL, owned by Capitalsouth Bcorp. It failed on Aug 21, 2009, and Iberiabank took over its deposits. At its last report it held $586.6 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2009
This bank failed
- Failed on
- Aug 21, 2009
- Assets
- $587M
- Deposits
- $539M
- Estimated cost
- $126M
- Deposits went to
- Iberiabank, Lafayette, LA
Total assets
$587M
-20.5% in a year · -7.7% in a quarter
Deposits
$539M
-13.5% in a year · -3.3% in a quarter
Loans
$493M
-16.7% in a year · -4.7% in a quarter
Profit so far
-$37.3M
Jan 1 to Jun 30, 2009
Capital ratio
1.01%
-5.73 pts in a year
Return on assets
-11.87%
-7.74 pts in a year
Facts
- Type
- State member bank
- Head office
- 2340 Woodcrest Place, Birmingham, AL, 35209
- County
- Jefferson
- Holding company
- Capitalsouth Bcorp
- Established
- Oct 1, 1975
- Failed
- Aug 21, 2009
- Employees
- 106
- Branches
- 12 in 2 states
- Id
- b22130
Quarter by quarter
March 31, 1984 to June 30, 2009
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 CapitalSouth Bank?
$586.6 million in total assets and $539.4 million in deposits as of June 30, 2009, with assets down 20.5% from a year before. Its loans were $493.4 million.
How many branches does CapitalSouth Bank have?
12 branches in 2 states as of June 30, 2026.
Is CapitalSouth Bank profitable?
No: it lost $37.3 million from January 1 to June 30, 2009. Its return on assets was -11.87% a year; about 1% is typical.
Who owns CapitalSouth Bank?
CapitalSouth Bank is owned by Capitalsouth Bcorp, its holding company.
When did CapitalSouth Bank fail?
Aug 21, 2009. Iberiabank of Lafayette, LA took over its deposits. The estimated cost of the failure was $126.3 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.