New South Bank in Como, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 1993

New South Bank in Como, Mississippi (MS)
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New South Bank - Overview

General
FDIC Certificate #: 11442
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Tennessee Bank National Association Mississippi (#33521)
Federal Reserve ID: 678445
Date Established: January 01, 1900
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 7305
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: December 31, 1993
Last Structure Change Process Date: January 06, 1994
Last Data Update: January 06, 1994
Data Source Date: April 05, 2012
Location
Address: Main Street, Como, MS 38619
County: Panola
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Memphis
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Financial Summary
Total assets: $34.8 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$21Total assets
$33,038Cash and due from depository institutions
$1,380Interest-bearing balances
$32Securities
$6,238Federal funds sold & reverse repurchase agreements
$1,200Net loans & leases
$22,104Loan loss allowance
$359Trading account assets
$0Bank premises and fixed assets
$1,373Other real estate owned
$127Goodwill and other intangibles
$616Life insurance assets
$0All other assets
$0Total liabilities and capital
$33,038Total liabilities
$30,448Total deposits
$30,208Interest-bearing deposits
$24,765Deposits held in domestic offices
30208.00%% insured (estimated)
$91Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$240Total equity capital
$240Total bank equity capital
$2,590Perpetual preferred stock
$0Common stock
$100Surplus
$2,245Undivided profits
Memoranda
$245Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$83Income earned, not collected on loans
$393Earning assets
$29,574Long-term assets (5+ years)
$7,010Average Assets, year-to-date
$31,470Average Assets, quarterly
$32,661Volatile liabilities
$6,587Insider loans
$340FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,590Total risk weighted assets
$22,533Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$2,605Total interest expense
$1,072Net interest income
$1,533Provision for loan and lease losses
$72Total noninterest income
$252Fiduciary activities
$0Service charges on deposit accounts
$199Trading account gains & fees
$0Additional noninterest income
$53Total noninterest expense
$1,094Salaries and employee benefits
$577Premises and equipment expense
$210Additional noninterest expense
$307Pre-tax net operating income
$619Securities gains (losses)
$84Applicable income taxes
$218Income before extraordinary items
$485Extraordinary gains - net
$0Net income attributable to bank
$485Net charge-offs
$41Cash dividends
$285Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.40%Cost of funding earning assets
3.87%Net interest margin
5.53%Noninterest income to earning assets
0.91%Noninterest expense to earning assets
3.95%Net operating income to assets
1.36%Return on assets (ROA)
1.54%Pretax return on assets
2.23%Return on equity (ROE)
19.37%Retained earnings to average equity (YTD only)
7.99%Net charge-offs to loans
0.19%Credit loss provision to net charge-offs
175.61%Efficiency ratio
61,289Assets per employee
1.57%Cash dividends to net income (YTD only)
Condition Ratios (%)
58.76%Loss allowance to loans
1.60%Loss allowance to noncurrent loans
432.53%Noncurrent assets plus other real estate owned to assets
0.64%Noncurrent loans to loans
0.37%Net loans and leases to deposits
73.17%Net loans and leases to core deposits
93.58%Equity capital to assets
7.84%Core capital (leverage) ratio
8.04%Tier 1 risk-based capital ratio
11.49%Total risk-based capital ratio
Memoranda
$13Average assets
$31,470Average earning assets
$2,503Average equity
$27,710Average loans

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