FDIC Certificate #: 34688 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Community Bank, North Mississippi (#11438) Federal Reserve ID: 2631408 Date Established: May 11, 1998 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 5 (Interstate: No) FDIC's unique #: 61200 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: May 11, 1998 Last Structure Change Effective Date: March 31, 2009 Last Structure Change Process Date: April 15, 2009 Last Data Update: April 15, 2009 Data Source Date: April 05, 2012
Location
Address: 6465 Quail Hollow Road, Memphis, TN 38137 County: Shelby Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Memphis Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Memphis, TN-AR-MS (#4920) Core Based Statistical Area (CBSA): Memphis, TN-MS-AR (#32820) CBSA Metro Statistical Area: Memphis, TN-MS-AR (#32820)
Financial Summary
Total assets: $227.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2008)
Dollar figures in thousands
49Total employees (full-time equivalent)
$227,293Total assets
$22,046Cash and due from depository institutions
$13,034Interest-bearing balances
$4,265Securities
$0Federal funds sold & reverse repurchase agreements
$175,458Net loans & leases
$2,271Loan loss allowance
$0Trading account assets
$10,468Bank premises and fixed assets
$7,421Other real estate owned
$0Goodwill and other intangibles
$1,696Life insurance assets
$7,635All other assets
$227,293Total liabilities and capital
$209,397Total liabilities
$167,611Total deposits
$161,496Interest-bearing deposits
$167,611Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$40,679Other borrowed funds
$0Subordinated debt
$1,107All other liabilities
$17,896Total equity capital
$17,896Total bank equity capital
$17,896Perpetual preferred stock
$0Common stock
$3,858Surplus
$9,006Undivided profits
Memoranda
$5,032Noncurrent loans and leases
$16,648Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$615Earning assets
$0Long-term assets (5+ years)
$983Average Assets, year-to-date
$192,757Average Assets, quarterly
$3,183Volatile liabilities
$218,652Insider loans
$225,522FHLB advances
$49,527Loans and leases held for sale
$9,752Unused loan commitments
$20,621Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$16,648Total unused commitments
$0Restructured Loans and leases
$2,271Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$12,598Total interest income
$6,218Total interest expense
$6,380Net interest income
$1,394Provision for loan and lease losses
$690Total noninterest income
$0Fiduciary activities
$248Service charges on deposit accounts
$0Trading account gains & fees
$442Additional noninterest income
$6,175Total noninterest expense
$3,065Salaries and employee benefits
$839Premises and equipment expense
$2,271Additional noninterest expense
-$499Pre-tax net operating income
$0Securities gains (losses)
-$194Applicable income taxes
-$305Income before extraordinary items
$0Extraordinary gains - net
-$305Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$463Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.74%Yield on earning assets
3.33%Cost of funding earning assets
3.41%Net interest margin
0.37%Noninterest income to earning assets
3.30%Noninterest expense to earning assets
-0.14%Net operating income to assets
-0.14%Return on assets (ROA)
-0.23%Pretax return on assets
-1.70%Return on equity (ROE)
-1.70%Retained earnings to average equity (YTD only)
0.27%Net charge-offs to loans
301.08%Credit loss provision to net charge-offs
1.93%Efficiency ratio
87,341Assets per employee
4.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.28%Loss allowance to noncurrent loans
369.27%Noncurrent assets plus other real estate owned to assets
3.54%Noncurrent loans to loans
0.35%Net loans and leases to deposits
104.68%Net loans and leases to core deposits
148.13%Equity capital to assets
7.87%Core capital (leverage) ratio
7.96%Tier 1 risk-based capital ratio
9.55%Total risk-based capital ratio
Memoranda
$11Average assets
$218,652Average earning assets
$17,927Average equity
$186,988Average loans
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