FDIC Certificate #: 15814 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:The Jefferson Bank (#11445) Federal Reserve ID: 85043 Date Established: March 13, 1907 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 10058 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: April 30, 1941 Last Structure Change Effective Date: June 04, 2010 Last Structure Change Process Date: June 07, 2010 Last Data Update: June 07, 2010 Data Source Date: April 05, 2012
Location
Address: Main Street, Rosedale, MS 38769 County: Bolivar 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 Core Based Statistical Area (CBSA): Cleveland, MS (#17380) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $60.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
14Total employees (full-time equivalent)
$75,917Total assets
$2,685Cash and due from depository institutions
$0Interest-bearing balances
$3,374Securities
$1,200Federal funds sold & reverse repurchase agreements
$63,057Net loans & leases
$546Loan loss allowance
$0Trading account assets
$411Bank premises and fixed assets
$894Other real estate owned
$0Goodwill and other intangibles
$69Life insurance assets
$4,296All other assets
$75,917Total liabilities and capital
$65,573Total liabilities
$65,362Total deposits
$56,632Interest-bearing deposits
$65,362Deposits held in domestic offices
91.93%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$211All other liabilities
$10,344Total equity capital
$10,344Total bank equity capital
$10,344Perpetual preferred stock
$0Common stock
$303Surplus
$1,207Undivided profits
Memoranda
$8,834Noncurrent loans and leases
$16,309Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$226Earning assets
$0Long-term assets (5+ years)
$3,510Average Assets, year-to-date
$67,631Average Assets, quarterly
$479Volatile liabilities
$73,697Insider loans
$80,975FHLB advances
$31,028Loans and leases held for sale
$227Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$16,309Total unused commitments
$0Restructured Loans and leases
$546Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$7,887Total interest income
$1,548Total interest expense
$6,339Net interest income
$1,144Provision for loan and lease losses
$389Total noninterest income
$0Fiduciary activities
$86Service charges on deposit accounts
$0Trading account gains & fees
$303Additional noninterest income
$3,278Total noninterest expense
$2,056Salaries and employee benefits
$250Premises and equipment expense
$972Additional noninterest expense
$2,306Pre-tax net operating income
$0Securities gains (losses)
$893Applicable income taxes
$1,413Income before extraordinary items
$0Extraordinary gains - net
$1,413Net income attributable to bank
$0Net charge-offs
$1,413Cash dividends
$1,172Sale, conversion, retirement of capital stock, net
$227Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
11.72%Yield on earning assets
2.30%Cost of funding earning assets
9.42%Net interest margin
0.58%Noninterest income to earning assets
4.87%Noninterest expense to earning assets
1.92%Net operating income to assets
1.92%Return on assets (ROA)
3.13%Pretax return on assets
14.31%Return on equity (ROE)
12.01%Retained earnings to average equity (YTD only)
1.88%Net charge-offs to loans
97.61%Credit loss provision to net charge-offs
2.94%Efficiency ratio
48,722Assets per employee
5.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
16.07%Loss allowance to loans
0.86%Loss allowance to noncurrent loans
241.59%Noncurrent assets plus other real estate owned to assets
1.48%Noncurrent loans to loans
0.36%Net loans and leases to deposits
96.47%Net loans and leases to core deposits
183.66%Equity capital to assets
13.63%Core capital (leverage) ratio
12.69%Tier 1 risk-based capital ratio
15.74%Total risk-based capital ratio
Memoranda
$17Average assets
$73,697Average earning assets
$9,876Average equity
$67,289Average loans
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