FDIC Certificate #: 18434 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Liberty Bank of Arkansas (#3878) Federal Reserve ID: 701240 Date Established: September 20, 1961 WWW:http://www.firstarkansas.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 16 (Interstate: No) OTS Docket #: 9591 FDIC's unique #: 12337 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: September 20, 1961 Last Structure Change Effective Date: December 29, 2006 Last Structure Change Process Date: January 10, 2007 Last Data Update: January 10, 2007 Data Source Date: April 05, 2012
Location
Address: 401 North Arkansas Avenue, Russellville, AR 72811 County: Pope Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Little Rock Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Western Core Based Statistical Area (CBSA): Russellville, AR (#40780) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $644.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
169Total employees (full-time equivalent)
$595,466Total assets
$16,342Cash and due from depository institutions
$532Interest-bearing balances
$152,848Securities
$12,830Federal funds sold & reverse repurchase agreements
$334,905Net loans & leases
$4,943Loan loss allowance
$0Trading account assets
$12,320Bank premises and fixed assets
$311Other real estate owned
$51,326Goodwill and other intangibles
$0Life insurance assets
$14,584All other assets
$595,466Total liabilities and capital
$501,871Total liabilities
$414,070Total deposits
$386,438Interest-bearing deposits
$414,070Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$85,074Other borrowed funds
$0Subordinated debt
$2,727All other liabilities
$93,595Total equity capital
$93,595Total bank equity capital
$93,595Perpetual preferred stock
$0Common stock
$1Surplus
$92,312Undivided profits
Memoranda
$1,282Noncurrent loans and leases
$45,039Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,587Earning assets
$0Long-term assets (5+ years)
$3,881Average Assets, year-to-date
$501,115Average Assets, quarterly
$135,155Volatile liabilities
$534,938Insider loans
$567,850FHLB advances
$177,144Loans and leases held for sale
$5,510Unused loan commitments
$84,987Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$45,039Total unused commitments
$0Restructured Loans and leases
$4,834Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$7,160Total interest income
$3,143Total interest expense
$4,017Net interest income
$189Provision for loan and lease losses
$985Total noninterest income
$19Fiduciary activities
$605Service charges on deposit accounts
$0Trading account gains & fees
$361Additional noninterest income
$2,857Total noninterest expense
$1,632Salaries and employee benefits
$406Premises and equipment expense
$819Additional noninterest expense
$1,956Pre-tax net operating income
$0Securities gains (losses)
$627Applicable income taxes
$1,329Income before extraordinary items
$0Extraordinary gains - net
$1,329Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$479Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
1.50%Yield on earning assets
0.66%Cost of funding earning assets
0.84%Net interest margin
0.21%Noninterest income to earning assets
0.60%Noninterest expense to earning assets
0.25%Net operating income to assets
0.25%Return on assets (ROA)
0.37%Pretax return on assets
2.30%Return on equity (ROE)
2.30%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
39.46%Credit loss provision to net charge-offs
4.48%Efficiency ratio
56,038Assets per employee
3.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.45%Loss allowance to noncurrent loans
137.80%Noncurrent assets plus other real estate owned to assets
0.65%Noncurrent loans to loans
1.06%Net loans and leases to deposits
80.88%Net loans and leases to core deposits
120.90%Equity capital to assets
15.72%Core capital (leverage) ratio
8.31%Tier 1 risk-based capital ratio
10.94%Total risk-based capital ratio
Memoranda
$12Average assets
$534,938Average earning assets
$57,717Average equity
$477,418Average loans
Total Fiduciary and Related Assets (December 31, 2005)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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