FDIC Certificate #: 27995 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:Planters Bank & Trust Company (#8235) Federal Reserve ID: 971472 Date Established: January 01, 1914 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 697 FDIC's unique #: 40829 Numeric code: 42 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: June 15, 1935 Last Structure Change Effective Date: December 06, 2008 Last Structure Change Process Date: December 09, 2008 Last Data Update: December 09, 2008 Data Source Date: April 05, 2012
Location
Address: 210 North Street, Cleveland, MS 38732 County: Bolivar 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): Cleveland, MS (#17380) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $20.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
7Total employees (full-time equivalent)
$22,023Total assets
$2,299Cash and due from depository institutions
$1,866Interest-bearing balances
$3,713Securities
$0Federal funds sold & reverse repurchase agreements
$14,592Net loans & leases
$838Loan loss allowance
$0Trading account assets
$220Bank premises and fixed assets
$367Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$832All other assets
$22,023Total liabilities and capital
$19,931Total liabilities
$18,735Total deposits
$18,688Interest-bearing deposits
$18,735Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,196All other liabilities
$2,092Total equity capital
$2,092Total bank equity capital
$2,092Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$2,092Noncurrent loans and leases
$733Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$20Earning assets
$0Long-term assets (5+ years)
$115Average Assets, year-to-date
$20,171Average Assets, quarterly
$122Volatile liabilities
$23,485Insider loans
$21,873FHLB advances
$4,176Loans and leases held for sale
$103Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$733Total unused commitments
$0Restructured Loans and leases
$171Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$1,476Total interest income
$800Total interest expense
$676Net interest income
$0Provision for loan and lease losses
$119Total noninterest income
$0Fiduciary activities
$47Service charges on deposit accounts
$0Trading account gains & fees
$72Additional noninterest income
$899Total noninterest expense
$571Salaries and employee benefits
$37Premises and equipment expense
$291Additional noninterest expense
-$104Pre-tax net operating income
$0Securities gains (losses)
-$5Applicable income taxes
-$99Income before extraordinary items
$0Extraordinary gains - net
-$99Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$68Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.91%Yield on earning assets
3.75%Cost of funding earning assets
3.16%Net interest margin
0.56%Noninterest income to earning assets
4.21%Noninterest expense to earning assets
-0.42%Net operating income to assets
-0.42%Return on assets (ROA)
-0.44%Pretax return on assets
-3.29%Return on equity (ROE)
-3.29%Retained earnings to average equity (YTD only)
0.45%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
-1.53%Efficiency ratio
113,082Assets per employee
3.15%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
5.43%Loss allowance to noncurrent loans
4190.00%Noncurrent assets plus other real estate owned to assets
1.76%Noncurrent loans to loans
0.13%Net loans and leases to deposits
77.89%Net loans and leases to core deposits
100.23%Equity capital to assets
9.50%Core capital (leverage) ratio
9.60%Tier 1 risk-based capital ratio
16.08%Total risk-based capital ratio
Memoranda
$17Average assets
$23,485Average earning assets
$3,012Average equity
$21,360Average loans
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