Laurel Federal Savings and Loan Association in Laurel, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 16, 1996

Laurel Federal Savings and Loan Association in Laurel, Mississippi (MS)
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Laurel Federal Savings and Loan Association - Overview

General
FDIC Certificate #: 29911
Status: Inactive
Closing history: Corrections
Acquiring institution: BancorpSouth Bank (#11813)
Federal Reserve ID: 672171
Date Established: June 28, 1937
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 4317
FDIC's unique #: 42745
Numeric code: 38
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: June 28, 1937
Last Structure Change Effective Date: December 16, 1996
Last Structure Change Process Date: January 10, 1997
Last Data Update: January 21, 1997
Data Source Date: April 05, 2012
Location
Address: 317 North 5th Avenue, Laurel, MS 39440
County: Jones
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): Laurel, MS (#29860)
CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $190.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$65Total assets
$186,971Cash and due from depository institutions
$14,649Interest-bearing balances
$9,811Securities
$60,031Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$107,671Loan loss allowance
$619Trading account assets
$0Bank premises and fixed assets
$1,554Other real estate owned
$0Goodwill and other intangibles
$3,066Life insurance assets
$0All other assets
$0Total liabilities and capital
$186,971Total liabilities
$168,300Total deposits
$166,395Interest-bearing deposits
$166,395Deposits held in domestic offices
166395.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,905Total equity capital
$1,905Total bank equity capital
$18,671Perpetual preferred stock
$0Common stock
$1Surplus
$5,754Undivided profits
Memoranda
$12,916Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,160Income earned, not collected on loans
$751Earning assets
$177,513Long-term assets (5+ years)
$0Average Assets, year-to-date
$187,828Average Assets, quarterly
$186,946Volatile liabilities
$11,647Insider loans
$504FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$917Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$18,523Total risk weighted assets
$78,403Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$12,830Total interest expense
$6,921Net interest income
$5,909Provision for loan and lease losses
$20Total noninterest income
$747Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$747Total noninterest expense
$4,839Salaries and employee benefits
$2,827Premises and equipment expense
$314Additional noninterest expense
$1,698Pre-tax net operating income
$1,797Securities gains (losses)
-$520Applicable income taxes
$354Income before extraordinary items
$923Extraordinary gains - net
$0Net income attributable to bank
$923Net charge-offs
$14Cash dividends
$550Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.10%Cost of funding earning assets
3.83%Net interest margin
3.27%Noninterest income to earning assets
0.41%Noninterest expense to earning assets
2.68%Net operating income to assets
0.69%Return on assets (ROA)
0.49%Pretax return on assets
0.68%Return on equity (ROE)
4.95%Retained earnings to average equity (YTD only)
2.00%Net charge-offs to loans
0.01%Credit loss provision to net charge-offs
142.86%Efficiency ratio
72,701Assets per employee
2.88%Cash dividends to net income (YTD only)
Condition Ratios (%)
59.59%Loss allowance to loans
0.57%Loss allowance to noncurrent loans
53.36%Noncurrent assets plus other real estate owned to assets
0.62%Noncurrent loans to loans
1.07%Net loans and leases to deposits
64.71%Net loans and leases to core deposits
69.58%Equity capital to assets
9.99%Core capital (leverage) ratio
9.91%Tier 1 risk-based capital ratio
23.63%Total risk-based capital ratio
Memoranda
$24Average assets
$187,828Average earning assets
$18,640Average equity
$180,591Average loans

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