Bank of Sardis in Sardis, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 1994

Bank of Sardis in Sardis, Mississippi (MS)
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Bank of Sardis - Overview

General
FDIC Certificate #: 10591
Status: Inactive
Closing history: Corrections
Acquiring institution: First Security Bank (#17120)
Federal Reserve ID: 975247
Date Established: January 01, 1876
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 6789
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: January 01, 1934
Last Structure Change Effective Date: October 01, 1994
Last Structure Change Process Date: October 19, 1994
Last Data Update: September 26, 1995
Data Source Date: April 05, 2012
Location
Address: 20 South Main Street, Sardis, MS 38666
County: Panola
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Memphis
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $28.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$12Total assets
$29,906Cash and due from depository institutions
$1,536Interest-bearing balances
$0Securities
$21,432Federal funds sold & reverse repurchase agreements
$4,400Net loans & leases
$2,169Loan loss allowance
$150Trading account assets
$0Bank premises and fixed assets
$71Other real estate owned
$0Goodwill and other intangibles
$298Life insurance assets
$0All other assets
$0Total liabilities and capital
$29,906Total liabilities
$25,415Total deposits
$25,264Interest-bearing deposits
$22,614Deposits held in domestic offices
25264.00%% insured (estimated)
$86Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$151Total equity capital
$151Total bank equity capital
$4,491Perpetual preferred stock
$0Common stock
$280Surplus
$2,750Undivided profits
Memoranda
$1,461Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$38Income earned, not collected on loans
$23Earning assets
$28,001Long-term assets (5+ years)
$5,997Average Assets, year-to-date
$30,162Average Assets, quarterly
$29,871Volatile liabilities
$7,074Insider loans
$200FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,491Total risk weighted assets
$5,490Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$1,855Total interest expense
$738Net interest income
$1,117Provision for loan and lease losses
$0Total noninterest income
$112Fiduciary activities
$0Service charges on deposit accounts
$75Trading account gains & fees
$0Additional noninterest income
$37Total noninterest expense
$709Salaries and employee benefits
$462Premises and equipment expense
$70Additional noninterest expense
$177Pre-tax net operating income
$520Securities gains (losses)
$33Applicable income taxes
$175Income before extraordinary items
$378Extraordinary gains - net
$0Net income attributable to bank
$378Net charge-offs
$0Cash dividends
$56Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.57%Cost of funding earning assets
2.62%Net interest margin
3.96%Noninterest income to earning assets
0.40%Noninterest expense to earning assets
2.51%Net operating income to assets
1.18%Return on assets (ROA)
1.25%Pretax return on assets
1.83%Return on equity (ROE)
8.67%Retained earnings to average equity (YTD only)
7.38%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
57,689Assets per employee
2.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
14.81%Loss allowance to loans
6.47%Loss allowance to noncurrent loans
394.74%Noncurrent assets plus other real estate owned to assets
0.13%Noncurrent loans to loans
1.64%Net loans and leases to deposits
8.59%Net loans and leases to core deposits
11.92%Equity capital to assets
15.02%Core capital (leverage) ratio
14.89%Tier 1 risk-based capital ratio
81.81%Total risk-based capital ratio
Memoranda
$83Average assets
$30,162Average earning assets
$4,362Average equity
$28,219Average loans

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