FDIC Certificate #: 33471 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Arkansas Bank and Trust (#16849) Federal Reserve ID: 1879043 Date Established: July 26, 1991 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 13835 FDIC's unique #: 47177 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: July 26, 1991 Last Structure Change Effective Date: August 05, 2008 Last Structure Change Process Date: August 05, 2008 Last Data Update: August 05, 2008 Data Source Date: April 05, 2012
Location
Address: 1230 Highway 25b North, Heber Springs, AR 72543 County: Cleburne 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
Financial Summary
Total assets: $63.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
21Total employees (full-time equivalent)
$57,742Total assets
$2,555Cash and due from depository institutions
$313Interest-bearing balances
$25,871Securities
$1,235Federal funds sold & reverse repurchase agreements
$24,153Net loans & leases
$285Loan loss allowance
$0Trading account assets
$1,878Bank premises and fixed assets
$360Other real estate owned
$0Goodwill and other intangibles
$361Life insurance assets
$1,690All other assets
$57,742Total liabilities and capital
$52,887Total liabilities
$47,880Total deposits
$40,695Interest-bearing deposits
$47,880Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,686Other borrowed funds
$0Subordinated debt
$321All other liabilities
$4,855Total equity capital
$4,855Total bank equity capital
$4,855Perpetual preferred stock
$0Common stock
$1,500Surplus
$900Undivided profits
Memoranda
$2,455Noncurrent loans and leases
$6,651Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$383Earning assets
$0Long-term assets (5+ years)
$307Average Assets, year-to-date
$51,572Average Assets, quarterly
$17,703Volatile liabilities
$57,099Insider loans
$57,134FHLB advances
$11,441Loans and leases held for sale
$678Unused loan commitments
$4,686Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,651Total unused commitments
$0Restructured Loans and leases
$285Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$3,416Total interest income
$1,677Total interest expense
$1,739Net interest income
$15Provision for loan and lease losses
$650Total noninterest income
$0Fiduciary activities
$526Service charges on deposit accounts
$0Trading account gains & fees
$124Additional noninterest income
$1,581Total noninterest expense
$738Salaries and employee benefits
$369Premises and equipment expense
$474Additional noninterest expense
$793Pre-tax net operating income
$1Securities gains (losses)
$234Applicable income taxes
$560Income before extraordinary items
$0Extraordinary gains - net
$560Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$152Sale, conversion, retirement of capital stock, net
$388Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.70%Yield on earning assets
3.29%Cost of funding earning assets
3.41%Net interest margin
1.28%Noninterest income to earning assets
3.10%Noninterest expense to earning assets
0.98%Net operating income to assets
0.98%Return on assets (ROA)
1.39%Pretax return on assets
11.80%Return on equity (ROE)
3.63%Retained earnings to average equity (YTD only)
0.59%Net charge-offs to loans
9.87%Credit loss provision to net charge-offs
5.32%Efficiency ratio
66,178Assets per employee
2.75%Cash dividends to net income (YTD only)
Condition Ratios (%)
69.29%Loss allowance to loans
1.17%Loss allowance to noncurrent loans
74.41%Noncurrent assets plus other real estate owned to assets
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