First Southern National Bank
Statesboro, GA · Owner: First Southern Bcorp
$165M
total assets, June 30, 2011
$165M
total assets, June 30, 2011
First Southern National Bank was a national bank in Statesboro, GA, owned by First Southern Bcorp. It failed on Aug 19, 2011, and Heritage Bank Of The South took over its deposits. At its last report it held $164.6 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2011
This bank failed
- Failed on
- Aug 19, 2011
- Assets
- $165M
- Deposits
- $160M
- Estimated cost
- $22.2M
- Deposits went to
- Heritage Bank Of The South, Albany, GA
Total assets
$165M
-26.1% in a year · -5.7% in a quarter
Deposits
$160M
-21.2% in a year · -6.2% in a quarter
Loans
$110M
-29.0% in a year · -8.8% in a quarter
Profit so far
-$1.8M
Jan 1 to Jun 30, 2011
Capital ratio
2.71%
-5.83 pts in a year
Return on assets
-2.14%
-1.60 pts in a year
Facts
- Type
- National bank
- Head office
- 201 South Main Street, Statesboro, GA, 30459
- County
- Bulloch
- Holding company
- First Southern Bcorp
- Established
- Feb 5, 2002
- Failed
- Aug 19, 2011
- Employees
- 32
- Branches
- 1
- Id
- b57239
Quarter by quarter
March 31, 2002 to June 30, 2011
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 Southern National Bank?
$164.6 million in total assets and $159.7 million in deposits as of June 30, 2011, with assets down 26.1% from a year before. Its loans were $110.4 million.
How many branches does First Southern National Bank have?
1 branch in Georgia as of June 30, 2026.
Is First Southern National Bank profitable?
No: it lost $1.83 million from January 1 to June 30, 2011. Its return on assets was -2.14% a year; about 1% is typical.
Who owns First Southern National Bank?
First Southern National Bank is owned by First Southern Bcorp, its holding company.
When did First Southern National Bank fail?
Aug 19, 2011. Heritage Bank Of The South of Albany, GA took over its deposits. The estimated cost of the failure was $22.2 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.