FDIC Certificate #: 33500 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Liberty Bank of Arkansas (#3878) Federal Reserve ID: 1890413 Date Established: September 13, 1991 WWW:http://www.bank-atpeoples.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 12821 FDIC's unique #: 47248 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) Insured commercial Banks: Yes FDIC Insured: Yes SAIF Insured: Yes State Chartered: Yes Date of Deposit Insurance: September 13, 1991 Last Structure Change Effective Date: March 19, 2004 Last Structure Change Process Date: March 23, 2004 Last Data Update: March 23, 2004 Data Source Date: April 05, 2012
Location
Address: 300 West Emerson, Paragould, AR 72450 County: Greene 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: Western Combined Statistical Area (CSA): Jonesboro-Paragould, AR (#308) Core Based Statistical Area (CBSA): Paragould, AR (#37500) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $84.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
31Total employees (full-time equivalent)
$84,421Total assets
$6,338Cash and due from depository institutions
$104Interest-bearing balances
$18,520Securities
$4,945Federal funds sold & reverse repurchase agreements
$49,377Net loans & leases
$1,751Loan loss allowance
$0Trading account assets
$2,164Bank premises and fixed assets
$869Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,208All other assets
$84,421Total liabilities and capital
$78,641Total liabilities
$72,669Total deposits
$69,562Interest-bearing deposits
$72,669Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,701Other borrowed funds
$0Subordinated debt
$271All other liabilities
$5,780Total equity capital
$5,780Total bank equity capital
$5,780Perpetual preferred stock
$0Common stock
$178Surplus
$6,053Undivided profits
Memoranda
$-451Noncurrent loans and leases
$7,118Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$5,710Earning assets
$0Long-term assets (5+ years)
$340Average Assets, year-to-date
$72,946Average Assets, quarterly
$10,325Volatile liabilities
$88,047Insider loans
$83,212FHLB advances
$9,899Loans and leases held for sale
$1,251Unused loan commitments
$5,701Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,118Total unused commitments
$1,993Restructured Loans and leases
$741Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$4,198Total interest income
$2,170Total interest expense
$2,028Net interest income
$1,200Provision for loan and lease losses
$821Total noninterest income
$0Fiduciary activities
$451Service charges on deposit accounts
$0Trading account gains & fees
$370Additional noninterest income
$2,852Total noninterest expense
$1,239Salaries and employee benefits
$381Premises and equipment expense
$1,232Additional noninterest expense
-$1,203Pre-tax net operating income
$158Securities gains (losses)
-$371Applicable income taxes
-$674Income before extraordinary items
$0Extraordinary gains - net
-$674Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2,395Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.52%Yield on earning assets
2.86%Cost of funding earning assets
2.67%Net interest margin
1.08%Noninterest income to earning assets
3.75%Noninterest expense to earning assets
-0.88%Net operating income to assets
-0.77%Return on assets (ROA)
-1.19%Pretax return on assets
-10.61%Return on equity (ROE)
-10.61%Retained earnings to average equity (YTD only)
4.61%Net charge-offs to loans
50.10%Credit loss provision to net charge-offs
-0.00%Efficiency ratio
100,105Assets per employee
2.72%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.42%Loss allowance to noncurrent loans
30.67%Noncurrent assets plus other real estate owned to assets
7.79%Noncurrent loans to loans
11.17%Net loans and leases to deposits
67.95%Net loans and leases to core deposits
78.66%Equity capital to assets
6.85%Core capital (leverage) ratio
7.06%Tier 1 risk-based capital ratio
10.19%Total risk-based capital ratio
Memoranda
$11Average assets
$88,047Average earning assets
$6,351Average equity
$75,991Average loans
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