Magnolia Federal Bank for Savings in Hattiesburg, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 01, 1997

  • Magnolia Federal Bank for Savings in Hattiesburg, Mississippi (MS)
  • Show street view No street view available for this location

Magnolia Federal Bank for Savings - Overview

  • General
  • FDIC Certificate #: 29018
    Status: Inactive
    Closing history: Office Sold
    Acquiring institution: Union Planters Bank of Southern Mississippi (#34051)
    Federal Reserve ID: 758972
    Date Established: July 01, 1934
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 2772
    FDIC's unique #: 41852
    Numeric code: 33
    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: October 31, 1934
    Last Structure Change Effective Date: November 01, 1997
    Last Structure Change Process Date: January 22, 1998
    Last Data Update: January 22, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 130 West Front Street, Hattiesburg, MS 39401
    County: Forrest
    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
    Metropolitan Statistical Area (MSA): Hattiesburg, MS (#3285)
    Core Based Statistical Area (CBSA): Hattiesburg, MS (#25620)
    CBSA Metro Statistical Area: Hattiesburg, MS (#25620)
  • History of Changes
  • Merger - Without Assistance
    Corrections
    Office Sold
  • Financial Summary
  • Total assets: $1,281.3 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)
  • $1,158Total assets
  • $1,338,413Cash and due from depository institutions
  • $76,887Interest-bearing balances
  • $1,925Securities
  • $195,355Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $906,562Loan loss allowance
  • $10,180Trading account assets
  • $34,930Bank premises and fixed assets
  • $43,083Other real estate owned
  • $12,562Goodwill and other intangibles
  • $53,669Life insurance assets
  • $15,365All other assets
  • $0Total liabilities and capital
  • $1,338,413Total liabilities
  • $1,227,325Total deposits
  • $920,284Interest-bearing deposits
  • $811,545Deposits held in domestic offices
  • 920284.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $262,057Subordinated debt
  • $0All other liabilities
  • $44,984Total equity capital
  • $44,984Total bank equity capital
  • $111,088Perpetual preferred stock
  • $0Common stock
  • $13Surplus
  • $9,809Undivided profits
  • Memoranda
  • $101,266Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $20,650Income earned, not collected on loans
  • $8,624Earning assets
  • $1,138,772Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $1,284,811Average Assets, quarterly
  • $1,319,333Volatile liabilities
  • $371,019Insider loans
  • $184FHLB advances
  • $262,057Loans and leases held for sale
  • $0Unused loan commitments
  • $104,172Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $106,035Total risk weighted assets
  • $712,485Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $108,552Total interest expense
  • $44,214Net interest income
  • $64,338Provision for loan and lease losses
  • $2,527Total noninterest income
  • $32,221Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$173Additional noninterest income
  • $32,394Total noninterest expense
  • $69,485Salaries and employee benefits
  • $28,087Premises and equipment expense
  • $12,325Additional noninterest expense
  • $29,073Pre-tax net operating income
  • $24,547Securities gains (losses)
  • $0Applicable income taxes
  • $8,111Income before extraordinary items
  • $16,436Extraordinary gains - net
  • $0Net income attributable to bank
  • $16,436Net charge-offs
  • $1,664Cash dividends
  • $7,889Sale, 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
  • 9.88%Cost of funding earning assets
  • 4.03%Net interest margin
  • 5.86%Noninterest income to earning assets
  • 2.93%Noninterest expense to earning assets
  • 6.33%Net operating income to assets
  • 1.28%Return on assets (ROA)
  • 1.28%Pretax return on assets
  • 1.91%Return on equity (ROE)
  • 15.46%Retained earnings to average equity (YTD only)
  • 8.04%Net charge-offs to loans
  • 0.19%Credit loss provision to net charge-offs
  • 151.86%Efficiency ratio
  • 68,485Assets per employee
  • 1.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.00%Loss allowance to loans
  • 1.11%Loss allowance to noncurrent loans
  • 44.42%Noncurrent assets plus other real estate owned to assets
  • 2.48%Noncurrent loans to loans
  • 2.26%Net loans and leases to deposits
  • 98.51%Net loans and leases to core deposits
  • 111.74%Equity capital to assets
  • 8.30%Core capital (leverage) ratio
  • 7.95%Tier 1 risk-based capital ratio
  • 14.88%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $1,284,811Average earning assets
  • $106,311Average equity
  • $1,098,427Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Magnolia Federal Bank for Savings.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents