Fidelity Southern Corporation


Fidelity Southern Corporation (FSC), incorporated on August 3, 1979, is a bank holding company. The Company conducts its operations through its subsidiary bank, Fidelity Bank, which is a state chartered bank (the Bank). It provides an array of financial products and services for business and retail customers in the metropolitan Atlanta and Jacksonville, Orlando and Sarasota-Bradenton, Florida markets. It provides mortgage loans, indirect automobile loans and Small Business Administration (SBA) loans throughout the South and parts of the Midwest. It delivers its products and services through a network of offices located in Southern states. As of December 31, 2016, it owned 55 and leased 10 retail bank branches and it leased 27 loan production offices. It is primarily engaged in attracting deposits from individuals and businesses and using these deposits and borrowed funds to originate commercial, residential mortgage, construction and installment loans. It offers Internet banking, including online bill pay and mobile deposit, and Internet cash management services to individuals and businesses. It also offers cash management services, remote deposit services and international trade services for businesses. Through its marketing partners, it offers merchant services for businesses and credit cards for both individuals and businesses. Its subsidiary, LionMark Insurance Company, is an insurance agency that offers consumer credit related insurance products. Lending Activities The Company’s lending activities include originating commercial loans to small and medium sized businesses, SBA loans, consumer installment loans (indirect automobile loans), construction loans and residential real estate loans. Its commercial lending consists of the extension of credit for business purposes in the Atlanta metropolitan and northern Florida areas. It originates SBA loans through its SBA loan production offices located in Georgia, Florida, North Carolina and Texas. Its indirect loans are originated in Georgia, Florida, North Carolina, South Carolina, Alabama, Arkansas, Mississippi, Virginia, Texas, Tennessee, Oklahoma and Louisiana. It offers direct installment loans to consumers on both a secured and unsecured basis. Its residential mortgage loans are offered in Georgia, Florida, Alabama, Tennessee, North Carolina, Virginia, Washington, D.C., Maryland and South Carolina. It offers residential construction loans to home builders and developers and are originated in the Atlanta and Savannah, Georgia; Birmingham, Alaska, and Jacksonville and Orlando, Florida metropolitan areas. The Company originates commercial and industrial loans, which include certain SBA loans consisting of partially guaranteed loans and other credit enhanced loans that are secured by business property, such as inventory, equipment and accounts receivable. It is engaged in commercial real estate lending through direct originations. It offers commercial real estate loans to individuals and to small and medium sized businesses to provide loan diversification, to generate assets that are sensitive to fluctuations in interest rates, and to generate deposit and other relationships. Its commercial real estate loans are prime-based floating-rate loans or shorter-term (1 to 5 year) fixed-rate loans. Through its retail branch network, it originates consumer loans, including automobile loans, residential mortgage and home equity loans, and secured and unsecured personal loans. It offers real estate construction loans that consist of one- to four-family residential construction loans to builders. Its residential mortgage lending focuses on one- to four-family properties. It offers Federal Housing Authority (FHA), Veterans Administration (VA), and conventional and non-conforming residential mortgage loans. It sells originated residential mortgage loans and wholesale loans to investors. As of December 31, 2016, its net loans total was $3,737.76 million. Investment Activities The Company’s investment securities classified as available-for-sale include obligations of the United States Government sponsored enterprises, municipal securities, residential mortgage-backed securities and SBA pool securities. Its investment securities classified as held-to-maturity include residential mortgage-backed securities, municipal securities and commercial mortgage-backed securities. As of December 31, 2016, its investment securities classified as available-for-sale was $144.310 million. As of December 31, 2016, its investment securities classified as held-to-maturity was $16.53 million. Sources of Funds Deposits are a primary source of funding for the Company and provide it with the ability to meet both short-term and long-term liquidity needs. Its deposits include noninterest-bearing demand deposits, and interest-bearing demand deposits, including demand and money market, time deposits, brokered deposits and savings deposits. As of December 31, 2016, its total deposits were $3,630.59 million.

Bank NameFidelity Southern Corporation
Stock ExchangeLSE
SymbolLION
SectorFinancials
IndustryMajor Banks
CountryUnited States
World Region"North America "
ChairmanMr. James B. Miller Jr.
CEOMr. James B. Miller Jr.
Employees1,394
Websitelionbank.com
Registered Year1973

  2017 2016 2015
  € m € m € m
Revenue      
Total interest income 158 149 117
Total Interest Expenses 23 20 16
Net Interest income 135 129 101
Total Net Revenue 270 270 229
       
Earnings per share      
Basic 1.5 1.52 1.77
Diluted 1.49 1.5 1.64
       
Assets      
Total current assets
Other assets 131,098 139,296 124,567
Total assets 4,576,858 4,389,685 3,849,063
Total current liabilities
Total liabilities 4,175,226 4,027,038 3,547,604
Total Equity 401,632 362,647 301,459
       
Net income      
Net cash provided by operating activities 155 30 3
Net cash used for investment activities 257 205 229
Net cash provided by financing activities 139 298 241
       
       
Source:http://www.lionbank.com      
Currency in EUR, All numbers in million.      

United States
Newnan
Marietta
Berkeley Lake
Atlanta
Marietta
Conyers
Covington
Roswell
Cumming
Decatur
Dunwoody
Fairburn
Macon
Hiram
Atlanta
Lawrenceville
Newnan
Atlanta