FDIC Certificate #: 13934 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Regions Bank (#12368) Federal Reserve ID: 920742 Date Established: March 03, 1934 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 7 (Interstate: No) FDIC's unique #: 8718 Numeric code: 13 Regulator: FED 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: March 19, 1934 Last Structure Change Effective Date: October 22, 1998 Last Structure Change Process Date: November 10, 1998 Last Data Update: November 10, 1998 Data Source Date: April 05, 2012
Location
Address: 146 West South Street, Benton, AR 72015 County: Saline Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Atlanta FDIC Field Office: Little Rock Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Little Rock-North Little Rock, AR (#4400) Combined Statistical Area (CSA): Little Rock-North Little Rock-Pine Bluff, AR (#340) Core Based Statistical Area (CBSA): Little Rock-North Little Rock-Conway, AR (#30780) CBSA Metro Statistical Area: Little Rock-North Little Rock-Conway, AR (#30780)
Financial Summary
Total assets: $226.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
93Total employees (full-time equivalent)
$222,070Total assets
$15,968Cash and due from depository institutions
$11Interest-bearing balances
$48,668Securities
$4,300Federal funds sold & reverse repurchase agreements
$148,392Net loans & leases
$1,869Loan loss allowance
$0Trading account assets
$2,479Bank premises and fixed assets
$24Other real estate owned
$84Goodwill and other intangibles
$0Life insurance assets
$2,155All other assets
$222,070Total liabilities and capital
$205,538Total liabilities
$204,446Total deposits
$163,026Interest-bearing deposits
$204,446Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$287Other borrowed funds
$0Subordinated debt
$805All other liabilities
$16,532Total equity capital
$16,532Total bank equity capital
$16,532Perpetual preferred stock
$0Common stock
$100Surplus
$2,045Undivided profits
Memoranda
$14,387Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,008Earning assets
$144Long-term assets (5+ years)
$761Average Assets, year-to-date
$201,371Average Assets, quarterly
$10,778Volatile liabilities
$218,048Insider loans
$220,220FHLB advances
$12,383Loans and leases held for sale
$1,385Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,467Total risk weighted assets
$12,653Total unused commitments
$0Restructured Loans and leases
$146,644Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$16,982Total interest income
$6,053Total interest expense
$10,929Net interest income
$582Provision for loan and lease losses
$1,892Total noninterest income
$11Fiduciary activities
$1,399Service charges on deposit accounts
$0Trading account gains & fees
$482Additional noninterest income
$6,439Total noninterest expense
$2,924Salaries and employee benefits
$697Premises and equipment expense
$2,818Additional noninterest expense
$5,800Pre-tax net operating income
$0Securities gains (losses)
$2,107Applicable income taxes
$3,693Income before extraordinary items
$0Extraordinary gains - net
$3,693Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$657Sale, conversion, retirement of capital stock, net
$3,700Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.53%Yield on earning assets
3.04%Cost of funding earning assets
5.49%Net interest margin
0.95%Noninterest income to earning assets
3.23%Noninterest expense to earning assets
1.69%Net operating income to assets
1.69%Return on assets (ROA)
2.66%Pretax return on assets
22.88%Return on equity (ROE)
-0.04%Retained earnings to average equity (YTD only)
0.44%Net charge-offs to loans
88.58%Credit loss provision to net charge-offs
9.71%Efficiency ratio
50,066Assets per employee
2.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
100.19%Loss allowance to loans
1.24%Loss allowance to noncurrent loans
185.42%Noncurrent assets plus other real estate owned to assets
0.46%Noncurrent loans to loans
0.67%Net loans and leases to deposits
72.58%Net loans and leases to core deposits
77.15%Equity capital to assets
7.44%Core capital (leverage) ratio
7.60%Tier 1 risk-based capital ratio
11.19%Total risk-based capital ratio
Memoranda
$12Average assets
$218,048Average earning assets
$16,137Average equity
$199,052Average loans
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