# BANK OF THE SOUTH
PENSACOLA, FL · FDIC certificate 19125 · asset band <$300M · latest filing 2022-03 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 3 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $93.0M | |
| Deposits | $78.4M | |
| Loans and leases | $21.8M | |
| Total equity | $14.5M | |
| Loans / deposits | 27.43% (p7 of band) | 59.63% |
| Liquid assets / assets | 75.64% (p95 of band) | |
| Uninsured deposits / deposits | 21.24% (p55 of band) | 20.09% |
| Brokered deposits | 0.00% | |
| Wholesale funding | 0.00% (p25 of band) | |
| FHLB advances / assets | 0.00% | |
| Tier 1 leverage | 15.78% (p87 of band) | 10.37% |
| Unrealized securities loss / equity | -14.96% (p38 of band) | -10.87% |
| AOCI / equity | -0.17% (p83 of band) | |
| ROA (annualized) | -0.12% (p7 of band) | 0.73% |
| Net interest margin | 1.86% (p7 of band) | 2.97% |
| Efficiency ratio | 107.08% (p94 of band) | |
| Noncurrent loans | 0.00% (p12 of band) | 0.26% |
| Net charge-offs (annualized) | 0.00% (p52 of band) | |
| Reserve coverage of noncurrent | – | |
| Real estate % of loans | 92% | |
| Construction % of loans | 4.17% (p28 of band) | |
| Auto loans | $49,000 (0.23% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 15.5% | |
| Employees | 16 | |

## Flags firing in the latest filing

- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)
- **NIM <2.5%** (`earn_nim`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 0 |  |  |
| 2011-06 | 0 |  |  |
| 2011-09 | 1 | capital falling |  |
| 2011-12 | 0 |  | capital falling |
| 2012-03 | 0 |  |  |
| 2012-06 | 1 | uninsured deposits leaving |  |
| 2012-09 | 0 |  | uninsured deposits leaving |
| 2012-12 | 0 |  |  |
| 2013-03 | 3 | capital falling, expense ratio p90, NIM <2.5% |  |
| 2013-06 | 4 | losing money |  |
| 2013-09 | 3 |  | capital falling |
| 2013-12 | 3 |  |  |
| 2014-03 | 4 | reserve under noncurrent |  |
| 2014-06 | 4 |  |  |
| 2014-09 | 4 | capital falling | reserve under noncurrent |
| 2014-12 | 3 |  | capital falling |
| 2015-03 | 3 |  |  |
| 2015-06 | 3 | capital falling, uninsured deposits leaving | expense ratio p90, losing money |
| 2015-09 | 3 | expense ratio p90 | uninsured deposits leaving |
| 2015-12 | 3 |  |  |
| 2016-03 | 3 | losing money | capital falling |
| 2016-06 | 3 |  |  |
| 2016-09 | 4 | capital falling |  |
| 2016-12 | 4 |  |  |
| 2017-03 | 3 |  | capital falling |
| 2017-06 | 3 |  |  |
| 2017-09 | 3 |  |  |
| 2017-12 | 4 | capital falling |  |
| 2018-03 | 3 |  | capital falling |
| 2018-06 | 3 |  |  |
| 2018-09 | 7 | capital falling, deposits shrinking, assets shrinking, uninsured deposits leaving |  |
| 2018-12 | 3 |  | losing money, deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2019-03 | 1 |  | NIM <2.5%, capital falling |
| 2019-06 | 1 |  |  |
| 2019-09 | 2 | capital falling |  |
| 2019-12 | 4 | deposits shrinking, assets shrinking, uninsured deposits leaving | capital falling |
| 2020-03 | 4 |  |  |
| 2020-06 | 3 | losing money, NIM <2.5% | deposits shrinking, assets shrinking, uninsured deposits leaving |
| 2020-09 | 3 | capital falling | losing money |
| 2020-12 | 2 | uninsured deposits leaving | expense ratio p90, capital falling |
| 2021-03 | 1 |  | uninsured deposits leaving |
| 2021-06 | 2 | capital falling |  |
| 2021-09 | 3 | expense ratio p90 |  |
| 2021-12 | 2 |  | capital falling |
| 2022-03 | 3 | losing money |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-02-18 [List Of Failed Banks: 2009-2026 - Bankrate](https://news.google.com/rss/articles/CBMiZEFVX3lxTFAtbi1TaWMteGEyOHdQbnlXd0tPRzM2WFJQZjdPdzViQTZFLVVHODJRTEdqRWhnMkxIOG5xMUVSWU5iNHZSbVpnQ2Z4TWdiMDVwN2NTdUNGd3dXZ2tGcGZ2VWVJRnM?oc=5) · Bankrate
- 2026-07-24 [Hancock Whitney sets closing date for $377M acquisition of Orlando's largest bank - The Business Journals](https://news.google.com/rss/articles/CBMipwFBVV95cUxPaFNra2I5VGpMUGVpU0dvamNVWnBSSU5jZ1kwUnBiTGlyV1Q0amFpN0RMX2NhZzFKb0NJVks5TnhnTmVZc1djbngxOTJuazA2a0NhZU04dlJfTldIdEJWX2h4WktiSWIyaW1wSXB1bmthZjJZYUlZc0tUTU80R3BSVGRsbkwtU2FZLUQxWXZXR0RmNXZ0NDdYbjJYaWc4dmtFbmtHb2dJZw?oc=5) · The Business Journals
- 2026-07-16 [Walter Lawson Shaw Obituary (2026) - Gainesville, FL - Forest Meadows Funeral Home - Gainesville - legacy.com](https://news.google.com/rss/articles/CBMif0FVX3lxTE95QWU1MnQwXzhpbWlOZFFzRnVyWEV3dkk3Zk16MWVQdUJINEo2VjBzTWpLN0pFVTFTTEVTR0RWdE5sYnpTeFJIb3dFSE5ZWlhvT1VRRFMtVjVaMk1fU1JzY1VoLXJQUnRYY1hmRHlobnU1UXNwRTl4UTJSdlNQZTg?oc=5) · legacy.com
- 2025-10-07 [Vernon "Braxton" Jones Obituary - Ocala StarBanner](https://news.google.com/rss/articles/CBMiV0FVX3lxTFBtSGl1cGNWSEtsbVh0SWR5a3dFVkJSYnNFSnhGdTg5S044SHd1RVdBQ0xVTHdaYTJjYXRWQnk4b0ZUb0dGQzU1M19QdUFDNHBFU2VTVzFwYw?oc=5) · Ocala StarBanner
- 2015-08-15 [Biggest little bank in the South - Montgomery Advertiser](https://news.google.com/rss/articles/CBMipwFBVV95cUxOQWdrR0hmN3VoRS1CTzlDc1VfTWoxQlhpcjdEVml0RWhRdDhnVXJzeHkzbmd1Y0hGT2QzYXcyYlJRT3VxNDlLNWZCMmJkMjN0Z2pqUzV1VXBUUGhIWGhPb21TRXAxWVlEVUpIWjJLOXhYYWVRZF9HOThhT2RWQzE0NWJmOWF1NHVWbVFONEFZSVAxdkNTaURjNlphSXdRNEg0REtVTjVjQQ?oc=5) · Montgomery Advertiser
- 2024-12-04 [List of Recent Failed Banks in the United States (2023-2024) - Norada Real Estate Investments](https://news.google.com/rss/articles/CBMia0FVX3lxTE4zaWFvQzhqc24zdE1QZ1haYnk2b1NsLWxONmNTTV9jVldzbjZqLUM1NV85U3dyaENaUGhWVm0wdllpUlNMZlIteHExdVUzS0JTdXlRWTJiUGJfaEtZSk5wcWhNNG1ZS0U5Y0Vz?oc=5) · Norada Real Estate Investments
- 2021-09-22 [Google Pay growth continues to explode, with dozens upon dozens of new banks signing on - androidpolice.com](https://news.google.com/rss/articles/CBMijAFBVV95cUxQRjVBSkRYUnhSaHFFUTJvZGt2X0R0RnZtcWp6MUUtQjR3R3RXNmc1Umo4Q3NaV0VKVVpsYTRCSVkzb0dfdmhWS05ZWnpQYWh6d3gzc0VVVzBCYXM0MnBCbG9kekdMdnBfZk9selhhTkhDV2pCMGxUNXVlNG5wMmpodURVQWxjanVxT0VhYQ?oc=5) · androidpolice.com
- 2014-06-28 [Unofficial Problem Bank list declines to 468 Institutions, Q2 2014 Transition Matrix - Calculated Risk](https://news.google.com/rss/articles/CBMikgFBVV95cUxOSUFUUFMzT2JPM0xhYkZjbU94c2U3RTRROU1pcEtFNUZXS0dxTmtSTldvbnRqRGFoeHVUOW9sbnRocmdfOWVRX3VDNExTc2JTNDRZTWJURU16SmVESHlNQnNPV2FJaXZQVERjVldCOUJETE8tRmxtMVAxZ1p5VDhqLXROZkRNdzJQbmY2VUJjX3gtUQ?oc=5) · Calculated Risk

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=19125 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/53.json (key "19125", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide