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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