FDIC Certificate #: 1531 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:National Bank of Commerce (#4978) Federal Reserve ID: 196341 Date Established: January 01, 1928 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 1010 Numeric code: 21 Regulator: FDIC 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: January 01, 1934 Last Structure Change Effective Date: June 19, 1998 Last Structure Change Process Date: July 09, 1998 Last Data Update: July 09, 1998 Data Source Date: April 05, 2012
Location
Address: 626 East Broadway, West Memphis, AR 72301 County: Crittenden 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: Western Metropolitan Statistical Area (MSA): Memphis, TN-AR-MS (#4920) Core Based Statistical Area (CBSA): Memphis, TN-MS-AR (#32820) CBSA Metro Statistical Area: Memphis, TN-MS-AR (#32820)
Financial Summary
Total assets: $105.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
44Total employees (full-time equivalent)
$106,410Total assets
$7,579Cash and due from depository institutions
$2,500Interest-bearing balances
$43,130Securities
$2,300Federal funds sold & reverse repurchase agreements
$50,105Net loans & leases
$762Loan loss allowance
$0Trading account assets
$1,013Bank premises and fixed assets
$0Other real estate owned
$94Goodwill and other intangibles
$0Life insurance assets
$2,189All other assets
$106,410Total liabilities and capital
$92,913Total liabilities
$92,357Total deposits
$75,788Interest-bearing deposits
$92,357Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$556All other liabilities
$13,497Total equity capital
$13,497Total bank equity capital
$13,497Perpetual preferred stock
$0Common stock
$1,000Surplus
$1,500Undivided profits
Memoranda
$10,997Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$151Earning assets
$0Long-term assets (5+ years)
$799Average Assets, year-to-date
$98,035Average Assets, quarterly
$15,435Volatile liabilities
$107,191Insider loans
$106,486FHLB advances
$8,411Loans and leases held for sale
$3,487Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,286Total unused commitments
$0Restructured Loans and leases
$59,396Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$7,367Total interest income
$2,972Total interest expense
$4,395Net interest income
$507Provision for loan and lease losses
$646Total noninterest income
$0Fiduciary activities
$515Service charges on deposit accounts
$0Trading account gains & fees
$131Additional noninterest income
$3,110Total noninterest expense
$1,775Salaries and employee benefits
$450Premises and equipment expense
$885Additional noninterest expense
$1,424Pre-tax net operating income
$7Securities gains (losses)
$373Applicable income taxes
$1,058Income before extraordinary items
$0Extraordinary gains - net
$1,058Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$16Sale, conversion, retirement of capital stock, net
$100Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.45%Yield on earning assets
3.01%Cost of funding earning assets
4.45%Net interest margin
0.65%Noninterest income to earning assets
3.15%Noninterest expense to earning assets
0.98%Net operating income to assets
0.99%Return on assets (ROA)
1.33%Pretax return on assets
8.16%Return on equity (ROE)
7.39%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
3168.75%Credit loss provision to net charge-offs
120.69%Efficiency ratio
61,496Assets per employee
2.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
9.45%Loss allowance to loans
1.50%Loss allowance to noncurrent loans
504.64%Noncurrent assets plus other real estate owned to assets
0.14%Noncurrent loans to loans
0.30%Net loans and leases to deposits
54.25%Net loans and leases to core deposits
59.69%Equity capital to assets
12.68%Core capital (leverage) ratio
12.20%Tier 1 risk-based capital ratio
22.24%Total risk-based capital ratio
Memoranda
$23Average assets
$107,191Average earning assets
$12,967Average equity
$98,851Average loans
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