FDIC Certificate #: 28718 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Merchants and Farmers Bank (#9361) Federal Reserve ID: 381772 Date Established: December 01, 1933 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 2217 FDIC's unique #: 41552 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: November 02, 1934 Last Structure Change Effective Date: November 19, 1999 Last Structure Change Process Date: January 14, 2000 Last Data Update: January 14, 2000 Data Source Date: April 05, 2012
Location
Address: 333 Court Street, Tupelo, MS 38801 County: Lee 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): Tupelo, MS (#46180) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $298.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
34Total employees (full-time equivalent)
$289,114Total assets
$7,442Cash and due from depository institutions
$5,030Interest-bearing balances
$125,323Securities
$1,250Federal funds sold & reverse repurchase agreements
$144,540Net loans & leases
$778Loan loss allowance
$0Trading account assets
$2,473Bank premises and fixed assets
$218Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$7,868All other assets
$289,114Total liabilities and capital
$235,313Total liabilities
$154,248Total deposits
$152,473Interest-bearing deposits
$154,248Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$73,248Other borrowed funds
$0Subordinated debt
$7,817All other liabilities
$53,801Total equity capital
$53,801Total bank equity capital
$53,801Perpetual preferred stock
$0Common stock
$1Surplus
$24,120Undivided profits
Memoranda
$29,680Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,119Earning assets
$0Long-term assets (5+ years)
$816Average Assets, year-to-date
$276,143Average Assets, quarterly
$0Volatile liabilities
$258,027Insider loans
$281,829FHLB advances
$112,015Loans and leases held for sale
$1,542Unused loan commitments
$70,023Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,014Total unused commitments
$0Restructured Loans and leases
$113,292Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$16,996Total interest income
$10,391Total interest expense
$6,605Net interest income
$247Provision for loan and lease losses
$468Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$468Additional noninterest income
$3,899Total noninterest expense
$2,534Salaries and employee benefits
$341Premises and equipment expense
$1,024Additional noninterest expense
$2,927Pre-tax net operating income
$1,916Securities gains (losses)
$1,820Applicable income taxes
$3,023Income before extraordinary items
$0Extraordinary gains - net
$3,023Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$59Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.86%Yield on earning assets
4.19%Cost of funding earning assets
2.67%Net interest margin
0.19%Noninterest income to earning assets
1.57%Noninterest expense to earning assets
0.70%Net operating income to assets
1.17%Return on assets (ROA)
1.88%Pretax return on assets
5.77%Return on equity (ROE)
5.77%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
418.64%Credit loss provision to net charge-offs
53.80%Efficiency ratio
55,125Assets per employee
8.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.54%Loss allowance to noncurrent loans
69.53%Noncurrent assets plus other real estate owned to assets
0.46%Noncurrent loans to loans
0.77%Net loans and leases to deposits
93.71%Net loans and leases to core deposits
125.16%Equity capital to assets
18.61%Core capital (leverage) ratio
16.15%Tier 1 risk-based capital ratio
39.10%Total risk-based capital ratio
Memoranda
$40Average assets
$258,027Average earning assets
$52,365Average equity
$247,743Average loans
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