FDIC Certificate #: 22120 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:State Bank & Trust Company (#8878) Federal Reserve ID: 261632 Date Established: October 01, 1975 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 4 (Interstate: No) FDIC's unique #: 15367 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: October 01, 1975 Last Structure Change Effective Date: June 01, 2006 Last Structure Change Process Date: July 11, 2006 Last Data Update: July 11, 2006 Data Source Date: April 05, 2012
Location
Address: 140 West Pearl Street, Jackson, MS 39202 County: Hinds 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 Metropolitan Statistical Area (MSA): Jackson, MS (#3560) Combined Statistical Area (CSA): Jackson-Yazoo City, MS (#298) Core Based Statistical Area (CBSA): Jackson, MS (#27140) CBSA Metro Statistical Area: Jackson, MS (#27140)
Financial Summary
Total assets: $59.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
19Total employees (full-time equivalent)
$50,801Total assets
$3,869Cash and due from depository institutions
$0Interest-bearing balances
$3,452Securities
$150Federal funds sold & reverse repurchase agreements
$39,622Net loans & leases
$510Loan loss allowance
$0Trading account assets
$2,391Bank premises and fixed assets
$610Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$707All other assets
$50,801Total liabilities and capital
$47,174Total liabilities
$46,926Total deposits
$40,470Interest-bearing deposits
$46,926Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$248All other liabilities
$3,627Total equity capital
$3,627Total bank equity capital
$3,627Perpetual preferred stock
$0Common stock
$882Surplus
$1,404Undivided profits
Memoranda
$1,341Noncurrent loans and leases
$7,468Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$409Average Assets, year-to-date
$43,224Average Assets, quarterly
$1,783Volatile liabilities
$44,520Insider loans
$49,458FHLB advances
$17,998Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,468Total unused commitments
$0Restructured Loans and leases
$510Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$2,693Total interest income
$949Total interest expense
$1,744Net interest income
$183Provision for loan and lease losses
$487Total noninterest income
$0Fiduciary activities
$449Service charges on deposit accounts
$0Trading account gains & fees
$38Additional noninterest income
$1,740Total noninterest expense
$971Salaries and employee benefits
$287Premises and equipment expense
$482Additional noninterest expense
$308Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$308Income before extraordinary items
$0Extraordinary gains - net
$308Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$47Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.91%Yield on earning assets
2.44%Cost of funding earning assets
4.48%Net interest margin
1.25%Noninterest income to earning assets
4.47%Noninterest expense to earning assets
0.69%Net operating income to assets
0.69%Return on assets (ROA)
0.69%Pretax return on assets
8.91%Return on equity (ROE)
8.91%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
389.36%Credit loss provision to net charge-offs
10.45%Efficiency ratio
77,992Assets per employee
2.67%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.27%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
1.20%Noncurrent loans to loans
0.00%Net loans and leases to deposits
84.44%Net loans and leases to core deposits
136.97%Equity capital to assets
7.14%Core capital (leverage) ratio
7.56%Tier 1 risk-based capital ratio
8.66%Total risk-based capital ratio
Memoranda
$10Average assets
$44,520Average earning assets
$3,458Average equity
$38,954Average loans
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