FDIC Certificate #: 15817 Status: Active Federal Reserve ID: 659640 Date Established: January 01, 1904 Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 10061 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion Date of Deposit Insurance: May 06, 1941 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 28-30 Main Street, Benoit, MS 38725 County: Bolivar Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Jackson Ms Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Cleveland, MS (#17380) CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $18.0 mil Equity capital: $1.9 mil Deposits held in domestic offices: $16.1 mil Return on assets (ROA): -0.11% (-$0.0 mil) Quarterly return on assets: 0.46% ($0.1 mil) Return on Equity (ROE): -1.04% (-$0.0 mil) Quarterly return on equity: 4.42% ($0.1 mil) Net income: -$0.0 mil Quarterly Net income: $0.0 mil Pretax return on assets: -0.08% (-$14.4 mil) Quarterly Pretax return on assets: 0.46% ($82.8 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
5Total employees (full-time equivalent)
$18,007Total assets
$2,692Cash and due from depository institutions
$1,133Interest-bearing balances
$8,044Securities
$1,300Federal funds sold & reverse repurchase agreements
$5,626Net loans & leases
$41Loan loss allowance
$0Trading account assets
$84Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$18,007Life insurance assets
$261All other assets
$16,105Total liabilities and capital
$16,062Total liabilities
$11,676Total deposits
$16,062Interest-bearing deposits
$87Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$43Subordinated debt
$1,902All other liabilities
$1,902Total equity capital
$1,902Total bank equity capital
$0Perpetual preferred stock
$60Common stock
$1,900Surplus
$-58Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$312Income earned, not collected on loans
$0Earning assets
$131Long-term assets (5+ years)
$16,103Average Assets, year-to-date
$4,798Average Assets, quarterly
$18,418Volatile liabilities
$18,360Insider loans
$7,896FHLB advances
$18,408Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$1,831Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$676Restructured Loans and leases
$4Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$633Total interest income
$154Total interest expense
$479Net interest income
$45Provision for loan and lease losses
$125Total noninterest income
$0Fiduciary activities
$93Service charges on deposit accounts
$0Trading account gains & fees
$32Additional noninterest income
$573Total noninterest expense
$279Salaries and employee benefits
$33Premises and equipment expense
$261Additional noninterest expense
-$14Pre-tax net operating income
$0Securities gains (losses)
$6Applicable income taxes
-$20Income before extraordinary items
$0Extraordinary gains - net
-$20Net income attributable to bank
$0Net charge-offs
-$20Cash dividends
$44Sale, conversion, retirement of capital stock, net
$18Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.17%Yield on earning assets
1.01%Cost of funding earning assets
3.15%Net interest margin
0.82%Noninterest income to earning assets
3.77%Noninterest expense to earning assets
-0.11%Net operating income to assets
-0.11%Return on assets (ROA)
-0.08%Pretax return on assets
-1.04%Return on equity (ROE)
-1.98%Retained earnings to average equity (YTD only)
0.79%Net charge-offs to loans
102.27%Credit loss provision to net charge-offs
0.70%Efficiency ratio
94,868Assets per employee
3.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
-90.00%Loss allowance to loans
0.72%Loss allowance to noncurrent loans
13.14%Noncurrent assets plus other real estate owned to assets
1.73%Noncurrent loans to loans
5.51%Net loans and leases to deposits
35.03%Net loans and leases to core deposits
45.06%Equity capital to assets
10.56%Core capital (leverage) ratio
9.95%Tier 1 risk-based capital ratio
23.19%Total risk-based capital ratio
Memoranda
$24Average assets
$18,418Average earning assets
$1,916Average equity
$15,195Average loans
List of branches
1 Mississippi Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
10061
Bank Of Benoit
28-30 Main Street, Benoit, MS 38725
January 01, 1904
Full Service Brick and Mortar
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