Iuka Guaranty Bank in Iuka, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 03, 1997

Iuka Guaranty Bank in Iuka, Mississippi (MS)
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Iuka Guaranty Bank - Overview

General
FDIC Certificate #: 10589
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: BancorpSouth Bank (#11813)
Federal Reserve ID: 841744
Date Established: January 01, 1912
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 6787
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: March 03, 1997
Last Structure Change Process Date: April 21, 1997
Last Data Update: April 21, 1997
Data Source Date: April 05, 2012
Location
Address: 127 Front Street, Iuka, MS 38852
County: Tishomingo
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
Financial Summary
Total assets: $117.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$48Total assets
$117,357Cash and due from depository institutions
$2,674Interest-bearing balances
$0Securities
$56,706Federal funds sold & reverse repurchase agreements
$24,700Net loans & leases
$30,393Loan loss allowance
$493Trading account assets
$0Bank premises and fixed assets
$514Other real estate owned
$184Goodwill and other intangibles
$1,389Life insurance assets
$797All other assets
$0Total liabilities and capital
$117,357Total liabilities
$101,726Total deposits
$101,112Interest-bearing deposits
$89,780Deposits held in domestic offices
101112.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$614Total equity capital
$614Total bank equity capital
$15,631Perpetual preferred stock
$0Common stock
$150Surplus
$14,500Undivided profits
Memoranda
$981Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$557Income earned, not collected on loans
$392Earning assets
$111,799Long-term assets (5+ years)
$15,028Average Assets, year-to-date
$115,786Average Assets, quarterly
$116,920Volatile liabilities
$11,030Insider loans
$83FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$310Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$14,815Total risk weighted assets
$39,178Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$8,143Total interest expense
$3,957Net interest income
$4,186Provision for loan and lease losses
$90Total noninterest income
$505Fiduciary activities
$0Service charges on deposit accounts
$405Trading account gains & fees
$0Additional noninterest income
$100Total noninterest expense
$2,505Salaries and employee benefits
$1,685Premises and equipment expense
$245Additional noninterest expense
$575Pre-tax net operating income
$2,096Securities gains (losses)
$10Applicable income taxes
$648Income before extraordinary items
$1,458Extraordinary gains - net
$0Net income attributable to bank
$1,458Net charge-offs
$186Cash dividends
$510Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.45%Cost of funding earning assets
3.62%Net interest margin
3.83%Noninterest income to earning assets
0.46%Noninterest expense to earning assets
2.29%Net operating income to assets
1.25%Return on assets (ROA)
1.26%Pretax return on assets
1.82%Return on equity (ROE)
9.50%Retained earnings to average equity (YTD only)
6.17%Net charge-offs to loans
0.61%Credit loss provision to net charge-offs
48.39%Efficiency ratio
52,142Assets per employee
2.44%Cash dividends to net income (YTD only)
Condition Ratios (%)
34.98%Loss allowance to loans
1.60%Loss allowance to noncurrent loans
88.51%Noncurrent assets plus other real estate owned to assets
0.63%Noncurrent loans to loans
1.80%Net loans and leases to deposits
30.06%Net loans and leases to core deposits
33.74%Equity capital to assets
13.32%Core capital (leverage) ratio
12.70%Tier 1 risk-based capital ratio
37.81%Total risk-based capital ratio
Memoranda
$39Average assets
$115,786Average earning assets
$15,352Average equity
$109,301Average loans

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