FDIC Certificate #: 1747 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:BancorpSouth Bank (#11813) Federal Reserve ID: 218430 Date Established: June 24, 1904 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 12265 FDIC's unique #: 1159 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: October 30, 1998 Last Structure Change Process Date: Febuary 05, 1999 Last Data Update: Febuary 05, 1999 Data Source Date: April 05, 2012
Location
Address: 207 Jones Street, Fort Deposit, AL 36032 County: Lowndes Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Montgomery Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Combined Statistical Area (CSA): Montgomery-Alexander City, AL (#388) Core Based Statistical Area (CBSA): Montgomery, AL (#33860) CBSA Metro Statistical Area: Montgomery, AL (#33860)
Financial Summary
Total assets: $68.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
32Total employees (full-time equivalent)
$67,948Total assets
$1,524Cash and due from depository institutions
$0Interest-bearing balances
$23,651Securities
$1,422Federal funds sold & reverse repurchase agreements
$38,389Net loans & leases
$446Loan loss allowance
$0Trading account assets
$1,690Bank premises and fixed assets
$475Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$797All other assets
$67,948Total liabilities and capital
$62,668Total liabilities
$58,157Total deposits
$51,405Interest-bearing deposits
$58,157Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,000Other borrowed funds
$0Subordinated debt
$511All other liabilities
$5,280Total equity capital
$5,280Total bank equity capital
$5,280Perpetual preferred stock
$0Common stock
$357Surplus
$201Undivided profits
Memoranda
$4,722Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$605Earning assets
$0Long-term assets (5+ years)
$365Average Assets, year-to-date
$63,462Average Assets, quarterly
$12,389Volatile liabilities
$66,664Insider loans
$67,361FHLB advances
$15,465Loans and leases held for sale
$906Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,038Total unused commitments
$0Restructured Loans and leases
$37,146Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$4,928Total interest income
$2,656Total interest expense
$2,272Net interest income
$0Provision for loan and lease losses
$519Total noninterest income
$0Fiduciary activities
$441Service charges on deposit accounts
$0Trading account gains & fees
$78Additional noninterest income
$2,148Total noninterest expense
$1,070Salaries and employee benefits
$272Premises and equipment expense
$806Additional noninterest expense
$643Pre-tax net operating income
-$2Securities gains (losses)
$107Applicable income taxes
$534Income before extraordinary items
$0Extraordinary gains - net
$534Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$166Sale, conversion, retirement of capital stock, net
$225Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.95%Yield on earning assets
4.29%Cost of funding earning assets
3.67%Net interest margin
0.84%Noninterest income to earning assets
3.47%Noninterest expense to earning assets
0.80%Net operating income to assets
0.80%Return on assets (ROA)
0.96%Pretax return on assets
10.47%Return on equity (ROE)
6.06%Retained earnings to average equity (YTD only)
0.42%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
3.87%Efficiency ratio
76,962Assets per employee
2.12%Cash dividends to net income (YTD only)
Condition Ratios (%)
42.13%Loss allowance to loans
1.15%Loss allowance to noncurrent loans
73.72%Noncurrent assets plus other real estate owned to assets
1.59%Noncurrent loans to loans
1.56%Net loans and leases to deposits
66.01%Net loans and leases to core deposits
89.92%Equity capital to assets
7.77%Core capital (leverage) ratio
7.67%Tier 1 risk-based capital ratio
13.96%Total risk-based capital ratio
Memoranda
$15Average assets
$66,664Average earning assets
$5,103Average equity
$61,952Average loans
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