Bank of Jones County in Laurel, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Bank of Jones County in Laurel, Mississippi (MS)
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Bank of Jones County routing number info

Bank of Jones County - Overview

  • General
  • FDIC Certificate #: 34897
    Status: Active
    Federal Reserve ID: 2731876
    Bank Holding Company (Regulatory Top Holder): Jones County Bancshares, Inc. (RSSDID: 3340024, Location: Laurel, MS)
    Date Established: September 21, 1998
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 61960
    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: September 21, 1998
    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: 1808 Highway 84 West, Laurel, MS 39440
    County: Jones
    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): Laurel, MS (#29860)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $224.0 mil
    Equity capital: $25.6 mil
    Deposits held in domestic offices: $195.6 mil
    Return on assets (ROA): 1.34% ($3.0 mil)
    Quarterly return on assets: 1.23% ($2.8 mil)
    Return on Equity (ROE): 12.24% ($3.2 mil)
    Quarterly return on equity: 10.81% ($2.8 mil)
    Net income: $2.9 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.85% ($4,143.3 mil)
    Quarterly Pretax return on assets: 1.67% ($3,740.1 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
  • 26Total employees (full-time equivalent)
  • $223,961Total assets
  • $4,449Cash and due from depository institutions
  • $131Interest-bearing balances
  • $124,314Securities
  • $19,565Federal funds sold & reverse repurchase agreements
  • $68,714Net loans & leases
  • $1,101Loan loss allowance
  • $0Trading account assets
  • $1,685Bank premises and fixed assets
  • $91Other real estate owned
  • $0Goodwill and other intangibles
  • $223,961Life insurance assets
  • $5,143All other assets
  • $198,353Total liabilities and capital
  • $195,552Total liabilities
  • $167,848Total deposits
  • $195,552Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,801Subordinated debt
  • $25,608All other liabilities
  • $25,608Total equity capital
  • $25,608Total bank equity capital
  • $0Perpetual preferred stock
  • $4,587Common stock
  • $5,324Surplus
  • $15,697Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $1,048Long-term assets (5+ years)
  • $212,724Average Assets, year-to-date
  • $105,856Average Assets, quarterly
  • $219,301Volatile liabilities
  • $222,334Insider loans
  • $95,753FHLB advances
  • $222,080Loans and leases held for sale
  • $1,522Unused loan commitments
  • $1,522Tier 1 (core) risk-based capital
  • $23,472Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,264Restructured Loans and leases
  • $2,667Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,179Total interest income
  • $1,940Total interest expense
  • $6,239Net interest income
  • $411Provision for loan and lease losses
  • $632Total noninterest income
  • $0Fiduciary activities
  • $414Service charges on deposit accounts
  • $0Trading account gains & fees
  • $218Additional noninterest income
  • $2,898Total noninterest expense
  • $1,489Salaries and employee benefits
  • $256Premises and equipment expense
  • $1,153Additional noninterest expense
  • $3,562Pre-tax net operating income
  • $494Securities gains (losses)
  • $1,119Applicable income taxes
  • $2,937Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,937Net income attributable to bank
  • $0Net charge-offs
  • $2,937Cash dividends
  • $294Sale, conversion, retirement of capital stock, net
  • $850Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.92%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 2.99%Net interest margin
  • 0.30%Noninterest income to earning assets
  • 1.39%Noninterest expense to earning assets
  • 1.18%Net operating income to assets
  • 1.34%Return on assets (ROA)
  • 1.85%Pretax return on assets
  • 12.24%Return on equity (ROE)
  • 8.70%Retained earnings to average equity (YTD only)
  • 0.41%Net charge-offs to loans
  • 139.80%Credit loss provision to net charge-offs
  • 13.51%Efficiency ratio
  • 42,177Assets per employee
  • 8.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 28.94%Loss allowance to loans
  • 1.58%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.04%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 35.14%Net loans and leases to core deposits
  • 37.90%Equity capital to assets
  • 11.43%Core capital (leverage) ratio
  • 10.57%Tier 1 risk-based capital ratio
  • 24.51%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $219,301Average earning assets
  • $24,002Average equity
  • $208,787Average loans

List of branches

  • 2 Mississippi Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    061960Bank Of Jones County1808 Highway 84 West, Laurel, MS 39440September 21, 1998Full Service Brick and Mortar
    2362290South Court Street Branch301 South Court Street, Ellisville, MS 39437October 01, 2001Full Service Brick and Mortar

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