FDIC Certificate #: 21998 Status: Active Federal Reserve ID: 697035 Bank Holding Company (Regulatory Top Holder): Covington Capital Corporation (RSSDID: 2228590, Location: Collins, MS) Date Established: May 01, 1975 WWW:http://www.covcobank.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 15257 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: May 01, 1975 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 102 S Dogwood Ave, Collins, MS 39428 County: Covington 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
History of Changes
Corrections
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $55.9 mil Equity capital: $6.1 mil Deposits held in domestic offices: $49.1 mil Return on assets (ROA): 0.19% ($0.1 mil) Quarterly return on assets: 0.51% ($0.3 mil) Return on Equity (ROE): 1.70% ($0.1 mil) Quarterly return on equity: 4.56% ($0.3 mil) Net income: $0.1 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.24% ($134.2 mil) Quarterly Pretax return on assets: 0.63% ($352.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
16Total employees (full-time equivalent)
$55,922Total assets
$1,922Cash and due from depository institutions
$0Interest-bearing balances
$19,036Securities
$3,225Federal funds sold & reverse repurchase agreements
$29,667Net loans & leases
$212Loan loss allowance
$0Trading account assets
$441Bank premises and fixed assets
$222Other real estate owned
$0Goodwill and other intangibles
$55,922Life insurance assets
$1,409All other assets
$49,811Total liabilities and capital
$49,150Total liabilities
$33,488Total deposits
$49,150Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$473Trading liabilities
$0Other borrowed funds
$188Subordinated debt
$6,111All other liabilities
$6,111Total equity capital
$6,111Total bank equity capital
$0Perpetual preferred stock
$563Common stock
$5,883Surplus
$-335Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$579Income earned, not collected on loans
$54Earning assets
$356Long-term assets (5+ years)
$51,928Average Assets, year-to-date
$5,967Average Assets, quarterly
$55,504Volatile liabilities
$55,040Insider loans
$46,420FHLB advances
$53,771Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$6,459Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,756Restructured Loans and leases
$61Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,399Total interest income
$427Total interest expense
$1,972Net interest income
$0Provision for loan and lease losses
$427Total noninterest income
$0Fiduciary activities
$335Service charges on deposit accounts
$0Trading account gains & fees
$92Additional noninterest income
$1,837Total noninterest expense
$852Salaries and employee benefits
$280Premises and equipment expense
$705Additional noninterest expense
$562Pre-tax net operating income
-$431Securities gains (losses)
$27Applicable income taxes
$104Income before extraordinary items
$0Extraordinary gains - net
$104Net income attributable to bank
$0Net charge-offs
$104Cash dividends
$91Sale, conversion, retirement of capital stock, net
$205Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.65%Yield on earning assets
0.83%Cost of funding earning assets
3.82%Net interest margin
0.83%Noninterest income to earning assets
3.56%Noninterest expense to earning assets
0.80%Net operating income to assets
0.19%Return on assets (ROA)
0.24%Pretax return on assets
1.70%Return on equity (ROE)
-1.65%Retained earnings to average equity (YTD only)
0.33%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
6.18%Efficiency ratio
76,574Assets per employee
3.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
197.12%Loss allowance to loans
0.71%Loss allowance to noncurrent loans
36.61%Noncurrent assets plus other real estate owned to assets
2.48%Noncurrent loans to loans
1.94%Net loans and leases to deposits
60.36%Net loans and leases to core deposits
61.47%Equity capital to assets
10.93%Core capital (leverage) ratio
12.01%Tier 1 risk-based capital ratio
13.91%Total risk-based capital ratio
Memoranda
$14Average assets
$55,504Average earning assets
$6,126Average equity
$51,595Average loans
List of branches
1 Mississippi Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
15257
Covington County Bank
102 S Dogwood Ave, Collins, MS 39428
May 01, 1975
Full Service Brick and Mortar
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