FDIC Certificate #: 19732 Status: Inactive Closing history: Corrections Acquiring institution:Regions Bank (#12368) Federal Reserve ID: 690540 Date Established: July 19, 1967 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 8 (Interstate: No) FDIC's unique #: 13528 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes Oakar Institutions: Yes State Chartered: Yes Date of Deposit Insurance: July 19, 1967 Last Structure Change Effective Date: September 24, 1998 Last Structure Change Process Date: October 29, 1998 Last Data Update: October 29, 1998 Data Source Date: April 05, 2012
Location
Address: Craven And Sevier Streets, Clarksville, AR 72830 County: Johnson Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Atlanta FDIC Field Office: Little Rock Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Western
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $155.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
85Total employees (full-time equivalent)
$157,923Total assets
$4,895Cash and due from depository institutions
$0Interest-bearing balances
$28,004Securities
$5,670Federal funds sold & reverse repurchase agreements
$113,516Net loans & leases
$2,561Loan loss allowance
$0Trading account assets
$3,296Bank premises and fixed assets
$67Other real estate owned
$280Goodwill and other intangibles
$0Life insurance assets
$2,195All other assets
$157,923Total liabilities and capital
$146,722Total liabilities
$146,006Total deposits
$135,715Interest-bearing deposits
$146,006Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$716All other liabilities
$11,201Total equity capital
$11,201Total bank equity capital
$11,201Perpetual preferred stock
$0Common stock
$250Surplus
$3,750Undivided profits
Memoranda
$7,201Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$604Earning assets
$129Long-term assets (5+ years)
$1,025Average Assets, year-to-date
$147,190Average Assets, quarterly
$12,022Volatile liabilities
$153,682Insider loans
$153,729FHLB advances
$25,152Loans and leases held for sale
$2,687Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,846Total unused commitments
$0Restructured Loans and leases
$112,448Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$12,783Total interest income
$6,198Total interest expense
$6,585Net interest income
$1,146Provision for loan and lease losses
$1,119Total noninterest income
$0Fiduciary activities
$775Service charges on deposit accounts
$0Trading account gains & fees
$344Additional noninterest income
$4,318Total noninterest expense
$2,284Salaries and employee benefits
$520Premises and equipment expense
$1,514Additional noninterest expense
$2,240Pre-tax net operating income
$0Securities gains (losses)
$693Applicable income taxes
$1,547Income before extraordinary items
$0Extraordinary gains - net
$1,547Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$585Sale, conversion, retirement of capital stock, net
$2,750Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.97%Yield on earning assets
4.35%Cost of funding earning assets
4.62%Net interest margin
0.79%Noninterest income to earning assets
3.03%Noninterest expense to earning assets
1.01%Net operating income to assets
1.01%Return on assets (ROA)
1.46%Pretax return on assets
13.47%Return on equity (ROE)
-10.48%Retained earnings to average equity (YTD only)
0.51%Net charge-offs to loans
195.90%Credit loss provision to net charge-offs
5.79%Efficiency ratio
55,543Assets per employee
1.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
177.76%Loss allowance to loans
2.21%Loss allowance to noncurrent loans
424.01%Noncurrent assets plus other real estate owned to assets
0.42%Noncurrent loans to loans
0.52%Net loans and leases to deposits
77.75%Net loans and leases to core deposits
93.93%Equity capital to assets
7.09%Core capital (leverage) ratio
7.00%Tier 1 risk-based capital ratio
9.60%Total risk-based capital ratio
Memoranda
$11Average assets
$153,682Average earning assets
$11,481Average equity
$142,518Average loans
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