Magnolia State Bank in Bay Springs, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Magnolia State Bank in Bay Springs, Mississippi (MS)
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Magnolia State Bank routing number info

Magnolia State Bank - Overview

  • General
  • FDIC Certificate #: 22081
    Status: Active
    Federal Reserve ID: 34434
    Bank Holding Company (Regulatory Top Holder): Magnolia State Corporation, The (RSSDID: 1084016, Location: Bay Springs, MS)
    Date Established: August 04, 1975
    WWW: http://www.bankmagnolia.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    FDIC's unique #: 15331
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 04, 1975
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 15 East Sixth Avenue, Bay Springs, MS 39422
    County: Jasper
    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
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $264.5 mil
    Equity capital: $26.2 mil
    Deposits held in domestic offices: $236.3 mil
    Return on assets (ROA): 1.49% ($3.9 mil)
    Quarterly return on assets: 0.90% ($2.4 mil)
    Return on Equity (ROE): 17.16% ($4.5 mil)
    Quarterly return on equity: 9.66% ($2.5 mil)
    Net income: $3.8 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.52% ($4,020.3 mil)
    Quarterly Pretax return on assets: 1.01% ($2,671.4 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, 2011)

  • Dollar figures in thousands
  • 92Total employees (full-time equivalent)
  • $264,492Total assets
  • $9,849Cash and due from depository institutions
  • $0Interest-bearing balances
  • $42,792Securities
  • $3,888Federal funds sold & reverse repurchase agreements
  • $195,099Net loans & leases
  • $1,576Loan loss allowance
  • $0Trading account assets
  • $8,003Bank premises and fixed assets
  • $694Other real estate owned
  • $798Goodwill and other intangibles
  • $264,492Life insurance assets
  • $3,369All other assets
  • $238,247Total liabilities and capital
  • $236,341Total liabilities
  • $215,878Total deposits
  • $236,341Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,906Subordinated debt
  • $26,245All other liabilities
  • $26,245Total equity capital
  • $26,245Total bank equity capital
  • $0Perpetual preferred stock
  • $325Common stock
  • $14,075Surplus
  • $11,845Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $7,746Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $401Income earned, not collected on loans
  • $0Earning assets
  • $1,177Long-term assets (5+ years)
  • $241,779Average Assets, year-to-date
  • $50,148Average Assets, quarterly
  • $255,150Volatile liabilities
  • $263,779Insider loans
  • $178,497FHLB advances
  • $261,329Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $24,466Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,217Restructured Loans and leases
  • $1,311Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,253Total interest income
  • $2,013Total interest expense
  • $11,240Net interest income
  • $840Provision for loan and lease losses
  • $2,674Total noninterest income
  • $0Fiduciary activities
  • $715Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,959Additional noninterest income
  • $9,407Total noninterest expense
  • $5,152Salaries and employee benefits
  • $1,333Premises and equipment expense
  • $2,922Additional noninterest expense
  • $3,667Pre-tax net operating income
  • $211Securities gains (losses)
  • $71Applicable income taxes
  • $3,807Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,807Net income attributable to bank
  • $0Net charge-offs
  • $3,807Cash dividends
  • $340Sale, conversion, retirement of capital stock, net
  • $1,989Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.67%Yield on earning assets
  • 0.86%Cost of funding earning assets
  • 4.81%Net interest margin
  • 1.14%Noninterest income to earning assets
  • 4.02%Noninterest expense to earning assets
  • 1.41%Net operating income to assets
  • 1.49%Return on assets (ROA)
  • 1.52%Pretax return on assets
  • 17.16%Return on equity (ROE)
  • 8.20%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 247.06%Credit loss provision to net charge-offs
  • 13.26%Efficiency ratio
  • 67,515Assets per employee
  • 2.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 52.25%Loss allowance to loans
  • 0.80%Loss allowance to noncurrent loans
  • 393.02%Noncurrent assets plus other real estate owned to assets
  • 0.41%Noncurrent loans to loans
  • 0.20%Net loans and leases to deposits
  • 82.55%Net loans and leases to core deposits
  • 85.79%Equity capital to assets
  • 9.92%Core capital (leverage) ratio
  • 9.36%Tier 1 risk-based capital ratio
  • 13.71%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $255,150Average earning assets
  • $22,181Average equity
  • $233,767Average loans

List of branches

  • 10 Mississippi Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    015331Magnolia State Bank15 East Sixth Avenue, Bay Springs, MS 39422August 04, 1975Full Service Brick and Mortar
    1254045Heidelberg Branch407 Main Street, Heidelberg, MS 39439September 13, 1976Full Service Brick and Mortar
    2254046Downtown Motor Branch10 Thigpen Street, Bay Springs, MS 39422Febuary 05, 1979Limited Service Facility
    4254048Taylorsville Branch748 Highway 28 East, Taylorsville, MS 39168November 13, 1989Full Service Brick and Mortar
    5441477Laurel Branch3220 Highway 15 North, Laurel, MS 39440July 06, 2005Full Service Brick and Mortar
    6465733Petal Branch1227 Highway 42, Suite 110, Petal, MS 39465July 17, 2007Full Service Brick and Mortar
    7496084Greenwood Lpo/Dpo107 Fulton Street, Greenwood, MS 38930November 02, 2009Limited Service Loan Production
    8496085Lucedale Lpo/Dpo5168 Main Street, Lucedale, MS 39452November 02, 2009Limited Service Loan Production
    9501269Hattiesburg Branch560 Weathersby Road, Hattiesburg, MS 39402January 20, 2010Full Service Brick and Mortar
    10526491Flowood Branch437 Katherine Drive, Flowood, MS 39232November 01, 2011Full Service Brick and Mortar

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