Citizens Bank and Trust Company in Morton, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1994

  • Citizens Bank and Trust Company in Morton, Mississippi (MS)
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Citizens Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 21593
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: PriorityOne Bank (#21906)
    Federal Reserve ID: 79538
    Date Established: May 22, 1974
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    FDIC's unique #: 14938
    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: May 22, 1974
    Last Structure Change Effective Date: July 01, 1994
    Last Structure Change Process Date: July 21, 1994
    Last Data Update: July 21, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 310 South Fifth Street, Morton, MS 39117
    County: Scott
    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
  • Financial Summary
  • Total assets: $60.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $39Total assets
  • $57,245Cash and due from depository institutions
  • $2,776Interest-bearing balances
  • $197Securities
  • $16,937Federal funds sold & reverse repurchase agreements
  • $1,375Net loans & leases
  • $32,453Loan loss allowance
  • $565Trading account assets
  • $0Bank premises and fixed assets
  • $1,417Other real estate owned
  • $320Goodwill and other intangibles
  • $1,967Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $57,245Total liabilities
  • $52,927Total deposits
  • $51,232Interest-bearing deposits
  • $44,555Deposits held in domestic offices
  • 51232.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $911Subordinated debt
  • $0All other liabilities
  • $784Total equity capital
  • $784Total bank equity capital
  • $4,318Perpetual preferred stock
  • $0Common stock
  • $870Surplus
  • $2,783Undivided profits
  • Memoranda
  • $665Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $332Income earned, not collected on loans
  • $313Earning assets
  • $50,962Long-term assets (5+ years)
  • $10,018Average Assets, year-to-date
  • $57,045Average Assets, quarterly
  • $57,755Volatile liabilities
  • $6,055Insider loans
  • $373FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,981Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,318Total risk weighted assets
  • $37,100Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,193Total interest expense
  • $1,568Net interest income
  • $2,625Provision for loan and lease losses
  • $90Total noninterest income
  • $702Fiduciary activities
  • $0Service charges on deposit accounts
  • $482Trading account gains & fees
  • $0Additional noninterest income
  • $220Total noninterest expense
  • $2,254Salaries and employee benefits
  • $1,166Premises and equipment expense
  • $302Additional noninterest expense
  • $786Pre-tax net operating income
  • $983Securities gains (losses)
  • $5Applicable income taxes
  • $393Income before extraordinary items
  • $595Extraordinary gains - net
  • $147Net income attributable to bank
  • $742Net charge-offs
  • $68Cash dividends
  • $369Sale, 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
  • 8.26%Cost of funding earning assets
  • 3.09%Net interest margin
  • 5.17%Noninterest income to earning assets
  • 1.38%Noninterest expense to earning assets
  • 4.44%Net operating income to assets
  • 1.04%Return on assets (ROA)
  • 1.30%Pretax return on assets
  • 1.99%Return on equity (ROE)
  • 17.95%Retained earnings to average equity (YTD only)
  • 9.03%Net charge-offs to loans
  • 0.21%Credit loss provision to net charge-offs
  • 132.35%Efficiency ratio
  • 67,749Assets per employee
  • 1.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.73%Loss allowance to loans
  • 1.71%Loss allowance to noncurrent loans
  • 170.18%Noncurrent assets plus other real estate owned to assets
  • 1.14%Noncurrent loans to loans
  • 1.01%Net loans and leases to deposits
  • 63.35%Net loans and leases to core deposits
  • 70.42%Equity capital to assets
  • 7.54%Core capital (leverage) ratio
  • 7.60%Tier 1 risk-based capital ratio
  • 11.64%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $57,045Average earning assets
  • $4,133Average equity
  • $50,754Average loans

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