Corning Savings and Loan Association in Corning, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Corning Savings and Loan Association in Corning, Arkansas (AR)
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Corning Savings and Loan Association - Overview

  • General
  • FDIC Certificate #: 31711
    Status: Active
    Federal Reserve ID: 29476
    Date Established: July 25, 1974
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 7368
    FDIC's unique #: 44545
    Numeric code: 35
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 25, 1974
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 520 West Second Street, Corning, AR 72422
    County: Clay
    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: Western
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $39.9 mil
    Equity capital: $5.2 mil
    Deposits held in domestic offices: $34.6 mil
    Return on assets (ROA): 0.59% ($0.2 mil)
    Quarterly return on assets: 0.07% ($0.0 mil)
    Return on Equity (ROE): 4.35% ($0.2 mil)
    Quarterly return on equity: 0.54% ($0.0 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.85% ($339.4 mil)
    Quarterly Pretax return on assets: 0.99% ($395.3 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, 2011)

  • Dollar figures in thousands
  • 12Total employees (full-time equivalent)
  • $39,932Total assets
  • $5,083Cash and due from depository institutions
  • $4,629Interest-bearing balances
  • $2,009Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $30,110Net loans & leases
  • $350Loan loss allowance
  • $0Trading account assets
  • $790Bank premises and fixed assets
  • $88Other real estate owned
  • $514Goodwill and other intangibles
  • $39,932Life insurance assets
  • $1,338All other assets
  • $34,752Total liabilities and capital
  • $34,620Total liabilities
  • $32,551Total deposits
  • $34,620Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $62Trading liabilities
  • $0Other borrowed funds
  • $70Subordinated debt
  • $5,180All other liabilities
  • $5,180Total equity capital
  • $5,180Total bank equity capital
  • $3,238Perpetual preferred stock
  • $1,126Common stock
  • $1,845Surplus
  • $-1,029Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $300Income earned, not collected on loans
  • $0Earning assets
  • $276Long-term assets (5+ years)
  • $36,748Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $37,458Volatile liabilities
  • $39,251Insider loans
  • $25,701FHLB advances
  • $38,966Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,228Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,288Restructured Loans and leases
  • $867Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,768Total interest income
  • $414Total interest expense
  • $1,354Net interest income
  • $146Provision for loan and lease losses
  • $124Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $124Additional noninterest income
  • $1,015Total noninterest expense
  • $414Salaries and employee benefits
  • $219Premises and equipment expense
  • $382Additional noninterest expense
  • $317Pre-tax net operating income
  • $0Securities gains (losses)
  • $96Applicable income taxes
  • $221Income before extraordinary items
  • $0Extraordinary gains - net
  • $221Net income attributable to bank
  • $0Net charge-offs
  • $221Cash dividends
  • -$3Sale, conversion, retirement of capital stock, net
  • $36Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.18%Yield on earning assets
  • 1.21%Cost of funding earning assets
  • 3.97%Net interest margin
  • 0.36%Noninterest income to earning assets
  • 2.97%Noninterest expense to earning assets
  • 0.59%Net operating income to assets
  • 0.59%Return on assets (ROA)
  • 0.85%Pretax return on assets
  • 4.35%Return on equity (ROE)
  • 3.64%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • -4866.67%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 64,073Assets per employee
  • 3.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 16.29%Loss allowance to loans
  • 1.15%Loss allowance to noncurrent loans
  • 116.67%Noncurrent assets plus other real estate owned to assets
  • 0.97%Noncurrent loans to loans
  • 0.98%Net loans and leases to deposits
  • 86.97%Net loans and leases to core deposits
  • 90.56%Equity capital to assets
  • 12.97%Core capital (leverage) ratio
  • 10.85%Tier 1 risk-based capital ratio
  • 16.45%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $37,458Average earning assets
  • $5,080Average equity
  • $34,133Average loans

List of branches

  • 2 Arkansas Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    044545Corning Savings And Loan Association520 West Second Street, Corning, AR 72422July 25, 1974Full Service Brick and Mortar
    1492464Corning BranchOld County Road, Pocahontas, AR 72455November 01, 2007Full Service Brick and Mortar

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