FDIC Certificate #: 14033 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Focus Bank (#1426) Federal Reserve ID: 2717151 Date Established: September 19, 1895 WWW:http://www.bankofparagould.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 16059 FDIC's unique #: 8772 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: March 10, 1934 Last Structure Change Effective Date: June 06, 2005 Last Structure Change Process Date: June 09, 2005 Last Data Update: June 09, 2005 Data Source Date: April 05, 2012
Location
Address: 3005 West Kings Highway, Paragould, AR 72450 County: Greene Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Kansas City FDIC Field Office: Memphis Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Western Combined Statistical Area (CSA): Jonesboro-Paragould, AR (#308) Core Based Statistical Area (CBSA): Paragould, AR (#37500) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $110.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
37Total employees (full-time equivalent)
$103,784Total assets
$1,750Cash and due from depository institutions
$108Interest-bearing balances
$5,051Securities
$1,564Federal funds sold & reverse repurchase agreements
$89,105Net loans & leases
$878Loan loss allowance
$0Trading account assets
$3,393Bank premises and fixed assets
$88Other real estate owned
$115Goodwill and other intangibles
$0Life insurance assets
$2,718All other assets
$103,784Total liabilities and capital
$93,034Total liabilities
$77,182Total deposits
$70,962Interest-bearing deposits
$77,182Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$15,354Other borrowed funds
$0Subordinated debt
$498All other liabilities
$10,750Total equity capital
$10,750Total bank equity capital
$10,750Perpetual preferred stock
$0Common stock
$125Surplus
$9,375Undivided profits
Memoranda
$1,250Noncurrent loans and leases
$9,086Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$479Earning assets
$0Long-term assets (5+ years)
$488Average Assets, year-to-date
$95,828Average Assets, quarterly
$31,535Volatile liabilities
$97,854Insider loans
$103,488FHLB advances
$31,955Loans and leases held for sale
$385Unused loan commitments
$15,354Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$84Total risk weighted assets
$9,086Total unused commitments
$0Restructured Loans and leases
$878Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$5,819Total interest income
$2,150Total interest expense
$3,669Net interest income
$157Provision for loan and lease losses
$659Total noninterest income
$0Fiduciary activities
$560Service charges on deposit accounts
$0Trading account gains & fees
$99Additional noninterest income
$2,686Total noninterest expense
$1,521Salaries and employee benefits
$321Premises and equipment expense
$844Additional noninterest expense
$1,485Pre-tax net operating income
$0Securities gains (losses)
$532Applicable income taxes
$953Income before extraordinary items
$0Extraordinary gains - net
$953Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$63Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.42%Yield on earning assets
2.37%Cost of funding earning assets
4.05%Net interest margin
0.73%Noninterest income to earning assets
2.96%Noninterest expense to earning assets
0.97%Net operating income to assets
0.97%Return on assets (ROA)
1.52%Pretax return on assets
9.28%Return on equity (ROE)
9.28%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
249.21%Credit loss provision to net charge-offs
26.06%Efficiency ratio
62,061Assets per employee
2.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.98%Loss allowance to noncurrent loans
183.30%Noncurrent assets plus other real estate owned to assets
0.55%Noncurrent loans to loans
0.53%Net loans and leases to deposits
115.45%Net loans and leases to core deposits
162.48%Equity capital to assets
10.36%Core capital (leverage) ratio
10.53%Tier 1 risk-based capital ratio
14.12%Total risk-based capital ratio
Memoranda
$15Average assets
$97,854Average earning assets
$10,268Average equity
$90,640Average loans
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