FDIC Certificate #: 22498 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Malvern National Bank (#14644) Federal Reserve ID: 184049 Date Established: July 22, 1977 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) FDIC's unique #: 15688 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: July 22, 1977 Last Structure Change Effective Date: October 31, 1998 Last Structure Change Process Date: Febuary 03, 1999 Last Data Update: Febuary 03, 1999 Data Source Date: April 05, 2012
Location
Address: 215 North Oak Street, Sheridan, AR 72150 County: Grant 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 Combined Statistical Area (CSA): Little Rock-North Little Rock-Pine Bluff, AR (#340) Core Based Statistical Area (CBSA): Little Rock-North Little Rock-Conway, AR (#30780) CBSA Metro Statistical Area: Little Rock-North Little Rock-Conway, AR (#30780)
Financial Summary
Total assets: $35.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
23Total employees (full-time equivalent)
$33,702Total assets
$1,263Cash and due from depository institutions
$0Interest-bearing balances
$11,279Securities
$2,500Federal funds sold & reverse repurchase agreements
$17,132Net loans & leases
$264Loan loss allowance
$0Trading account assets
$1,272Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$256All other assets
$33,702Total liabilities and capital
$30,758Total liabilities
$30,532Total deposits
$25,704Interest-bearing deposits
$30,532Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$226All other liabilities
$2,944Total equity capital
$2,944Total bank equity capital
$2,944Perpetual preferred stock
$0Common stock
$400Surplus
$400Undivided profits
Memoranda
$2,144Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$213Earning assets
$0Long-term assets (5+ years)
$132Average Assets, year-to-date
$30,911Average Assets, quarterly
$8,522Volatile liabilities
$31,528Insider loans
$32,414FHLB advances
$4,426Loans and leases held for sale
$395Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,025Total unused commitments
$0Restructured Loans and leases
$19,152Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$2,389Total interest income
$1,028Total interest expense
$1,361Net interest income
$124Provision for loan and lease losses
$251Total noninterest income
$0Fiduciary activities
$205Service charges on deposit accounts
$0Trading account gains & fees
$46Additional noninterest income
$1,061Total noninterest expense
$465Salaries and employee benefits
$170Premises and equipment expense
$426Additional noninterest expense
$427Pre-tax net operating income
-$3Securities gains (losses)
$145Applicable income taxes
$279Income before extraordinary items
$0Extraordinary gains - net
$279Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$29Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.34%Yield on earning assets
3.59%Cost of funding earning assets
4.75%Net interest margin
0.88%Noninterest income to earning assets
3.71%Noninterest expense to earning assets
0.89%Net operating income to assets
0.88%Return on assets (ROA)
1.34%Pretax return on assets
10.15%Return on equity (ROE)
10.15%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
427.59%Credit loss provision to net charge-offs
19.00%Efficiency ratio
65,819Assets per employee
1.47%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.52%Loss allowance to noncurrent loans
123.94%Noncurrent assets plus other real estate owned to assets
0.63%Noncurrent loans to loans
1.22%Net loans and leases to deposits
56.11%Net loans and leases to core deposits
65.62%Equity capital to assets
8.74%Core capital (leverage) ratio
8.89%Tier 1 risk-based capital ratio
15.00%Total risk-based capital ratio
Memoranda
$16Average assets
$31,528Average earning assets
$2,749Average equity
$28,633Average loans
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