FDIC Certificate #: 19722 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:De Witt Bank and Trust Company (#1522) Federal Reserve ID: 442749 Date Established: June 26, 1967 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 12933 FDIC's unique #: 13518 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: June 26, 1967 Last Structure Change Effective Date: September 11, 2010 Last Structure Change Process Date: September 28, 2010 Last Data Update: September 28, 2010 Data Source Date: April 05, 2012
Location
Address: Main And Third Streets, Gillett, AR 72055 County: Arkansas Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Little Rock Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Western
Financial Summary
Total assets: $26.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
10Total employees (full-time equivalent)
$29,248Total assets
$518Cash and due from depository institutions
$16Interest-bearing balances
$7,195Securities
$2,660Federal funds sold & reverse repurchase agreements
$10,382Net loans & leases
$184Loan loss allowance
$0Trading account assets
$4,409Bank premises and fixed assets
$75Other real estate owned
$2,223Goodwill and other intangibles
$1,104Life insurance assets
$1,786All other assets
$29,248Total liabilities and capital
$23,457Total liabilities
$22,163Total deposits
$18,433Interest-bearing deposits
$22,163Deposits held in domestic offices
94.98%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$618Other borrowed funds
$0Subordinated debt
$676All other liabilities
$5,791Total equity capital
$5,791Total bank equity capital
$5,791Perpetual preferred stock
$0Common stock
$150Surplus
$5,749Undivided profits
Memoranda
$-108Noncurrent loans and leases
$1,165Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$47Earning assets
$0Long-term assets (5+ years)
$192Average Assets, year-to-date
$20,253Average Assets, quarterly
$6,944Volatile liabilities
$28,584Insider loans
$28,789FHLB advances
$7,520Loans and leases held for sale
$152Unused loan commitments
$618Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,165Total unused commitments
$0Restructured Loans and leases
$184Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$1,194Total interest income
$421Total interest expense
$773Net interest income
$70Provision for loan and lease losses
$117Total noninterest income
$0Fiduciary activities
$42Service charges on deposit accounts
$0Trading account gains & fees
$75Additional noninterest income
$1,084Total noninterest expense
$539Salaries and employee benefits
$94Premises and equipment expense
$451Additional noninterest expense
-$264Pre-tax net operating income
$10Securities gains (losses)
-$30Applicable income taxes
-$224Income before extraordinary items
$0Extraordinary gains - net
-$224Net income attributable to bank
$0Net charge-offs
-$224Cash dividends
$24Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.83%Yield on earning assets
2.06%Cost of funding earning assets
3.77%Net interest margin
0.57%Noninterest income to earning assets
5.29%Noninterest expense to earning assets
-0.81%Net operating income to assets
-0.78%Return on assets (ROA)
-0.89%Pretax return on assets
-3.76%Return on equity (ROE)
-3.76%Retained earnings to average equity (YTD only)
0.20%Net charge-offs to loans
291.67%Credit loss provision to net charge-offs
-8.08%Efficiency ratio
117,978Assets per employee
2.92%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.74%Loss allowance to noncurrent loans
391.49%Noncurrent assets plus other real estate owned to assets
0.42%Noncurrent loans to loans
0.44%Net loans and leases to deposits
46.84%Net loans and leases to core deposits
70.90%Equity capital to assets
19.80%Core capital (leverage) ratio
13.50%Tier 1 risk-based capital ratio
18.55%Total risk-based capital ratio
Memoranda
$20Average assets
$28,584Average earning assets
$5,958Average equity
$20,482Average loans
Total Fiduciary and Related Assets (December 31, 2008)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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