Merchants Bank in city_name, state_name - Detailed Financial Reports, Location

Merchants Bank in Vicksburg, Mississippi (MS)
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Merchants Bank - Overview

General
FDIC Certificate #: 4997
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: BancorpSouth Bank (#11813)
Federal Reserve ID: 921637
Date Established: January 25, 1886
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 6 (Interstate: No)
OTS Docket #: 11059
FDIC's unique #: 3334
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: December 04, 1998
Last Structure Change Process Date: Febuary 05, 1999
Last Data Update: Febuary 05, 1999
Data Source Date: April 05, 2012
Location
Address: 810 South Street, Vicksburg, MS 39180
County: Warren
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): Vicksburg, MS (#46980)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $211.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
109Total employees (full-time equivalent)
$223,995Total assets
$10,085Cash and due from depository institutions
$96Interest-bearing balances
$68,152Securities
$3,474Federal funds sold & reverse repurchase agreements
$136,180Net loans & leases
$1,592Loan loss allowance
$0Trading account assets
$2,656Bank premises and fixed assets
$239Other real estate owned
$452Goodwill and other intangibles
$0Life insurance assets
$2,757All other assets
$223,995Total liabilities and capital
$206,679Total liabilities
$193,215Total deposits
$165,660Interest-bearing deposits
$193,215Deposits held in domestic offices
0.00%% insured (estimated)
$11,921Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,543All other liabilities
$17,316Total equity capital
$17,316Total bank equity capital
$17,316Perpetual preferred stock
$0Common stock
$4,420Surplus
$8,229Undivided profits
Memoranda
$4,667Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$856Earning assets
$244Long-term assets (5+ years)
$1,339Average Assets, year-to-date
$207,902Average Assets, quarterly
$6,968Volatile liabilities
$213,313Insider loans
$221,043FHLB advances
$32,954Loans and leases held for sale
$4,408Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$654Total risk weighted assets
$22,362Total unused commitments
$0Restructured Loans and leases
$146,993Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$16,671Total interest income
$7,403Total interest expense
$9,268Net interest income
$420Provision for loan and lease losses
$2,829Total noninterest income
$495Fiduciary activities
$1,589Service charges on deposit accounts
$0Trading account gains & fees
$745Additional noninterest income
$7,164Total noninterest expense
$3,809Salaries and employee benefits
$1,082Premises and equipment expense
$2,273Additional noninterest expense
$4,513Pre-tax net operating income
$19Securities gains (losses)
$1,518Applicable income taxes
$3,014Income before extraordinary items
$0Extraordinary gains - net
$3,014Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$374Sale, conversion, retirement of capital stock, net
$1,974Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.43%Yield on earning assets
3.74%Cost of funding earning assets
4.69%Net interest margin
1.43%Noninterest income to earning assets
3.62%Noninterest expense to earning assets
1.41%Net operating income to assets
1.41%Return on assets (ROA)
2.12%Pretax return on assets
17.96%Return on equity (ROE)
6.20%Retained earnings to average equity (YTD only)
0.28%Net charge-offs to loans
112.30%Credit loss provision to net charge-offs
13.19%Efficiency ratio
58,816Assets per employee
2.06%Cash dividends to net income (YTD only)
Condition Ratios (%)
65.49%Loss allowance to loans
1.16%Loss allowance to noncurrent loans
185.98%Noncurrent assets plus other real estate owned to assets
0.49%Noncurrent loans to loans
0.62%Net loans and leases to deposits
70.48%Net loans and leases to core deposits
79.09%Equity capital to assets
7.73%Core capital (leverage) ratio
7.69%Tier 1 risk-based capital ratio
11.41%Total risk-based capital ratio
Memoranda
$12Average assets
$213,313Average earning assets
$16,783Average equity
$197,712Average loans

Merchants Bank in Vicksburg, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

Merchants Bank - Overview

Assets and Liabilities (December 31, 1997)

Income and Expense (December 31, 1997)

Performance and Condition Ratios (December 31, 1997)

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

Merchants Bank in Vicksburg, Mississippi (MS)Overview, Financial Summary, Detailed Financial Reports, Branches

Merchants Bank - Overview

Assets and Liabilities (December 31, 1997)

Income and Expense (December 31, 1997)

Performance and Condition Ratios (December 31, 1997)

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

Merchants Bank in Vicksburg, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches