Benefit Bank in Fort Smith, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Benefit Bank in Fort Smith, Arkansas (AR)
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Benefit Bank - Overview

  • General
  • FDIC Certificate #: 35281
    Status: Active
    Federal Reserve ID: 2859538
    Date Established: November 30, 1999
    WWW: http://www.benefitbank.net
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 16263
    FDIC's unique #: 77670
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 30, 1999
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 8300 Phoenix Avenue, Fort Smith, AR 72903
    County: Sebastian
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Little Rock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Western
    Metropolitan Statistical Area (MSA): Fort Smith, AR-OK (#2720)
    Core Based Statistical Area (CBSA): Fort Smith, AR-OK (#22900)
    CBSA Metro Statistical Area: Fort Smith, AR-OK (#22900)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $210.9 mil
    Equity capital: $18.1 mil
    Deposits held in domestic offices: $173.6 mil
    Return on assets (ROA): -0.60% (-$1.3 mil)
    Quarterly return on assets: -1.43% (-$3.0 mil)
    Return on Equity (ROE): -6.97% (-$1.3 mil)
    Quarterly return on equity: -16.66% (-$3.0 mil)
    Net income: -$1.3 mil
    Quarterly Net income: -$0.8 mil
    Pretax return on assets: -0.60% (-$1,265.6 mil)
    Quarterly Pretax return on assets: -1.43% (-$3,016.4 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
  • 58Total employees (full-time equivalent)
  • $210,940Total assets
  • $31,101Cash and due from depository institutions
  • $24,838Interest-bearing balances
  • $0Securities
  • $2,200Federal funds sold & reverse repurchase agreements
  • $166,047Net loans & leases
  • $4,510Loan loss allowance
  • $0Trading account assets
  • $4,367Bank premises and fixed assets
  • $2,821Other real estate owned
  • $0Goodwill and other intangibles
  • $210,940Life insurance assets
  • $4,404All other assets
  • $192,880Total liabilities and capital
  • $173,625Total liabilities
  • $158,031Total deposits
  • $173,625Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $16,000Trading liabilities
  • $0Other borrowed funds
  • $3,255Subordinated debt
  • $18,060All other liabilities
  • $18,060Total equity capital
  • $18,060Total bank equity capital
  • $0Perpetual preferred stock
  • $4Common stock
  • $22,605Surplus
  • $-4,549Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $12,979Income earned, not collected on loans
  • $2,916Earning assets
  • $647Long-term assets (5+ years)
  • $193,085Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $221,625Volatile liabilities
  • $215,555Insider loans
  • $145,070FHLB advances
  • $210,940Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $18,060Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $13,203Restructured Loans and leases
  • $7,437Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,744Total interest income
  • $2,619Total interest expense
  • $8,125Net interest income
  • $3,800Provision for loan and lease losses
  • $1,862Total noninterest income
  • $0Fiduciary activities
  • $75Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,787Additional noninterest income
  • $7,511Total noninterest expense
  • $3,728Salaries and employee benefits
  • $1,369Premises and equipment expense
  • $2,414Additional noninterest expense
  • -$1,324Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$1,324Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,324Net income attributable to bank
  • $0Net charge-offs
  • -$1,324Cash dividends
  • $1,400Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.25%Yield on earning assets
  • 1.28%Cost of funding earning assets
  • 3.97%Net interest margin
  • 0.91%Noninterest income to earning assets
  • 3.67%Noninterest expense to earning assets
  • -0.60%Net operating income to assets
  • -0.60%Return on assets (ROA)
  • -0.60%Pretax return on assets
  • -6.97%Return on equity (ROE)
  • -6.97%Retained earnings to average equity (YTD only)
  • 0.77%Net charge-offs to loans
  • 271.43%Credit loss provision to net charge-offs
  • 1.77%Efficiency ratio
  • 75,208Assets per employee
  • 3.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.64%Loss allowance to noncurrent loans
  • 34.75%Noncurrent assets plus other real estate owned to assets
  • 7.49%Noncurrent loans to loans
  • 7.61%Net loans and leases to deposits
  • 95.64%Net loans and leases to core deposits
  • 100.18%Equity capital to assets
  • 8.56%Core capital (leverage) ratio
  • 8.56%Tier 1 risk-based capital ratio
  • 12.45%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $221,625Average earning assets
  • $18,989Average equity
  • $204,756Average loans

List of branches

  • 5 Arkansas Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    077670Benefit Bank8300 Phoenix Avenue, Fort Smith, AR 72903November 30, 1999Full Service Brick and Mortar
    1427739Highway 71 Branch9201 Highway 71 South, Fort Smith, AR 72903March 01, 2003Full Service Brick and Mortar
    2495226Green Road Branch2930 Old Greenwood Road, Fort Smith, AR 72903Febuary 01, 2004Full Service Brick and Mortar
    3495227Waldron Branch1301 S Waldron Rd., Fort Smith, AR 72903March 01, 2004Full Service Brick and Mortar
    4495228Sandstone Dr. Branch139 Sandstone Dr., Van Buren, AR 72956March 08, 2007Full Service Brick and Mortar

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