First National Bank of the South
Spartanburg, SC · Owner: First National Bancshares Inc
$619M
total assets, June 30, 2010
$619M
total assets, June 30, 2010
First National Bank of the South was a national bank in Spartanburg, SC, owned by First National Bancshares Inc. It failed on Jul 16, 2010, and Nafh National Bank took over its deposits. At its last report it held $619.4 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2010
This bank failed
- Failed on
- Jul 16, 2010
- Assets
- $619M
- Deposits
- $551M
- Estimated cost
- $68.3M
- Deposits went to
- Nafh National Bank, Miami, FL
Total assets
$619M
-25.9% in a year · -9.2% in a quarter
Deposits
$551M
-24.0% in a year · -9.7% in a quarter
Loans
$473M
-24.4% in a year · -6.7% in a quarter
Profit so far
-$8.7M
Jan 1 to Jun 30, 2010
Capital ratio
1.66%
-2.77 pts in a year
Return on assets
-2.57%
+2.49 pts in a year
Facts
- Type
- National bank
- Head office
- 215 North Pine Street, Spartanburg, SC, 29304
- County
- Spartanburg
- Holding company
- First National Bancshares Inc
- Established
- Mar 27, 2000
- Failed
- Jul 16, 2010
- Employees
- 121
- Branches
- 12
- Id
- b35383
Quarter by quarter
March 31, 2000 to June 30, 2010
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 First National Bank of the South?
$619.4 million in total assets and $550.9 million in deposits as of June 30, 2010, with assets down 25.9% from a year before. Its loans were $473.4 million.
How many branches does First National Bank of the South have?
12 branches in South Carolina as of June 30, 2026.
Is First National Bank of the South profitable?
No: it lost $8.66 million from January 1 to June 30, 2010. Its return on assets was -2.57% a year; about 1% is typical.
Who owns First National Bank of the South?
First National Bank of the South is owned by First National Bancshares Inc, its holding company.
When did First National Bank of the South fail?
Jul 16, 2010. Nafh National Bank of Miami, FL took over its deposits. The estimated cost of the failure was $68.3 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.