Morrilton Security Bank, National Association - Overview
General
FDIC Certificate #: 25232 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Regions Bank (#12368) Federal Reserve ID: 92340 Date Established: May 11, 1984 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 4 (Interstate: No) FDIC's unique #: 17444 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: May 11, 1984 Last Structure Change Effective Date: October 09, 1998 Last Structure Change Process Date: November 05, 1998 Last Data Update: November 05, 1998 Data Source Date: April 05, 2012
Location
Address: 300 North Moose Street, Morrilton, AR 72110 County: Conway Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Atlanta FDIC Field Office: Little Rock Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $81.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
33Total employees (full-time equivalent)
$78,184Total assets
$5,567Cash and due from depository institutions
$0Interest-bearing balances
$13,585Securities
$3,000Federal funds sold & reverse repurchase agreements
$53,528Net loans & leases
$1,039Loan loss allowance
$0Trading account assets
$1,012Bank premises and fixed assets
$259Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,233All other assets
$78,184Total liabilities and capital
$72,568Total liabilities
$72,234Total deposits
$57,894Interest-bearing deposits
$72,234Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$334All other liabilities
$5,616Total equity capital
$5,616Total bank equity capital
$5,616Perpetual preferred stock
$0Common stock
$110Surplus
$1,060Undivided profits
Memoranda
$4,446Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$563Earning assets
$0Long-term assets (5+ years)
$667Average Assets, year-to-date
$70,113Average Assets, quarterly
$1,845Volatile liabilities
$76,468Insider loans
$77,111FHLB advances
$11,272Loans and leases held for sale
$2,051Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,555Total unused commitments
$0Restructured Loans and leases
$52,471Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$6,018Total interest income
$2,447Total interest expense
$3,571Net interest income
$594Provision for loan and lease losses
$540Total noninterest income
$0Fiduciary activities
$364Service charges on deposit accounts
$0Trading account gains & fees
$176Additional noninterest income
$2,079Total noninterest expense
$1,029Salaries and employee benefits
$195Premises and equipment expense
$855Additional noninterest expense
$1,438Pre-tax net operating income
$2Securities gains (losses)
$504Applicable income taxes
$936Income before extraordinary items
$0Extraordinary gains - net
$936Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$225Sale, conversion, retirement of capital stock, net
$900Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.71%Yield on earning assets
3.54%Cost of funding earning assets
5.17%Net interest margin
0.78%Noninterest income to earning assets
3.01%Noninterest expense to earning assets
1.22%Net operating income to assets
1.22%Return on assets (ROA)
1.88%Pretax return on assets
17.05%Return on equity (ROE)
0.66%Retained earnings to average equity (YTD only)
0.42%Net charge-offs to loans
264.00%Credit loss provision to net charge-offs
9.03%Efficiency ratio
50,572Assets per employee
2.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
96.15%Loss allowance to loans
1.90%Loss allowance to noncurrent loans
184.55%Noncurrent assets plus other real estate owned to assets
1.05%Noncurrent loans to loans
1.03%Net loans and leases to deposits
74.10%Net loans and leases to core deposits
87.81%Equity capital to assets
7.18%Core capital (leverage) ratio
6.65%Tier 1 risk-based capital ratio
10.67%Total risk-based capital ratio
Memoranda
$12Average assets
$76,468Average earning assets
$5,491Average equity
$69,077Average loans
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