National Bank of Commerce of Corinth in Corinth, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 28, 1997

National Bank of Commerce of Corinth in Corinth, Mississippi (MS)
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National Bank of Commerce of Corinth - Overview

General
FDIC Certificate #: 16361
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Trustmark National Bank (#4988)
Federal Reserve ID: 95248
Date Established: January 10, 1946
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)
OTS Docket #: 10853
FDIC's unique #: 10543
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: January 10, 1946
Last Structure Change Effective Date: Febuary 28, 1997
Last Structure Change Process Date: March 10, 1997
Last Data Update: March 10, 1997
Data Source Date: April 05, 2012
Location
Address: 501 Fillmore Street, Corinth, MS 38834
County: Alcorn
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): Corinth, MS (#18420)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $132.2 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)
$52Total assets
$132,151Cash and due from depository institutions
$4,866Interest-bearing balances
$100Securities
$58,800Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$65,239Loan loss allowance
$791Trading account assets
$0Bank premises and fixed assets
$1,536Other real estate owned
$0Goodwill and other intangibles
$1,710Life insurance assets
$0All other assets
$0Total liabilities and capital
$132,151Total liabilities
$118,825Total deposits
$109,916Interest-bearing deposits
$93,728Deposits held in domestic offices
109916.00%% insured (estimated)
$85Federal funds purchased & repurchase agreements
$2,370Trading liabilities
$0Other borrowed funds
$5,432Subordinated debt
$0All other liabilities
$1,107Total equity capital
$1,107Total bank equity capital
$13,326Perpetual preferred stock
$0Common stock
$550Surplus
$7,200Undivided profits
Memoranda
$5,576Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$389Income earned, not collected on loans
$877Earning assets
$124,139Long-term assets (5+ years)
$27,314Average Assets, year-to-date
$134,198Average Assets, quarterly
$134,401Volatile liabilities
$14,403Insider loans
$1,397FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,459Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$12,986Total risk weighted assets
$69,564Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$9,814Total interest expense
$4,511Net interest income
$5,303Provision for loan and lease losses
$180Total noninterest income
$934Fiduciary activities
$0Service charges on deposit accounts
$619Trading account gains & fees
$0Additional noninterest income
$315Total noninterest expense
$2,797Salaries and employee benefits
$1,646Premises and equipment expense
$319Additional noninterest expense
$832Pre-tax net operating income
$3,260Securities gains (losses)
$0Applicable income taxes
$838Income before extraordinary items
$2,422Extraordinary gains - net
$0Net income attributable to bank
$2,422Net charge-offs
$81Cash dividends
$1,787Sale, 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
7.79%Cost of funding earning assets
3.58%Net interest margin
4.21%Noninterest income to earning assets
0.74%Noninterest expense to earning assets
2.22%Net operating income to assets
1.80%Return on assets (ROA)
1.80%Pretax return on assets
2.43%Return on equity (ROE)
17.92%Retained earnings to average equity (YTD only)
4.70%Net charge-offs to loans
0.12%Credit loss provision to net charge-offs
222.22%Efficiency ratio
44,845Assets per employee
2.54%Cash dividends to net income (YTD only)
Condition Ratios (%)
73.78%Loss allowance to loans
1.20%Loss allowance to noncurrent loans
203.34%Noncurrent assets plus other real estate owned to assets
0.29%Noncurrent loans to loans
0.59%Net loans and leases to deposits
59.35%Net loans and leases to core deposits
66.17%Equity capital to assets
10.08%Core capital (leverage) ratio
9.66%Tier 1 risk-based capital ratio
18.67%Total risk-based capital ratio
Memoranda
$20Average assets
$134,198Average earning assets
$13,518Average equity
$125,943Average loans

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