BankPlus SSB in Meridian, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 13, 1996

BankPlus SSB in Meridian, Mississippi (MS)
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BankPlus SSB - Overview

General
FDIC Certificate #: 30781
Status: Inactive
Closing history: Corrections
Acquiring institution: BankPlus (#5903)
Federal Reserve ID: 558976
Date Established: June 09, 1955
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 5908
FDIC's unique #: 43615
Numeric code: 41
Regulator: FDIC
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: Yes
Date of Deposit Insurance: June 09, 1955
Last Structure Change Effective Date: December 13, 1996
Last Structure Change Process Date: January 16, 1997
Last Data Update: January 21, 1997
Data Source Date: April 05, 2012
Location
Address: 2303 8th Street, Meridian, MS 39301
County: Lauderdale
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): Meridian, MS (#32940)
CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $80.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$19Total assets
$73,387Cash and due from depository institutions
$486Interest-bearing balances
$105Securities
$41,982Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$29,598Loan loss allowance
$203Trading account assets
$0Bank premises and fixed assets
$571Other real estate owned
$0Goodwill and other intangibles
$750Life insurance assets
$0All other assets
$0Total liabilities and capital
$73,387Total liabilities
$65,095Total deposits
$56,032Interest-bearing deposits
$55,393Deposits held in domestic offices
56032.00%% insured (estimated)
$86Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$8,418Subordinated debt
$0All other liabilities
$645Total equity capital
$645Total bank equity capital
$8,292Perpetual preferred stock
$0Common stock
$5Surplus
$2,695Undivided profits
Memoranda
$5,592Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$210Income earned, not collected on loans
$171Earning assets
$71,685Long-term assets (5+ years)
$30,607Average Assets, year-to-date
$74,802Average Assets, quarterly
$73,012Volatile liabilities
$14,318Insider loans
$812FHLB advances
$0Loans and leases held for sale
$273Unused loan commitments
$6,174Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,828Total risk weighted assets
$24,695Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$5,725Total interest expense
$3,272Net interest income
$2,453Provision for loan and lease losses
$30Total noninterest income
$190Fiduciary activities
$0Service charges on deposit accounts
$11Trading account gains & fees
$0Additional noninterest income
$179Total noninterest expense
$1,263Salaries and employee benefits
$632Premises and equipment expense
$74Additional noninterest expense
$557Pre-tax net operating income
$1,350Securities gains (losses)
$58Applicable income taxes
$483Income before extraordinary items
$925Extraordinary gains - net
$0Net income attributable to bank
$925Net charge-offs
$3Cash dividends
$810Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.83%Cost of funding earning assets
4.47%Net interest margin
3.35%Noninterest income to earning assets
0.26%Noninterest expense to earning assets
1.73%Net operating income to assets
1.19%Return on assets (ROA)
1.24%Pretax return on assets
1.88%Return on equity (ROE)
12.01%Retained earnings to average equity (YTD only)
1.49%Net charge-offs to loans
0.01%Credit loss provision to net charge-offs
1000.00%Efficiency ratio
47,787Assets per employee
3.86%Cash dividends to net income (YTD only)
Condition Ratios (%)
87.57%Loss allowance to loans
0.68%Loss allowance to noncurrent loans
96.67%Noncurrent assets plus other real estate owned to assets
0.29%Noncurrent loans to loans
0.70%Net loans and leases to deposits
52.82%Net loans and leases to core deposits
70.70%Equity capital to assets
11.30%Core capital (leverage) ratio
10.78%Tier 1 risk-based capital ratio
31.70%Total risk-based capital ratio
Memoranda
$33Average assets
$74,802Average earning assets
$7,699Average equity
$73,162Average loans

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