SouthTrust Bank of South Mississippi in city_name, state_name

SouthTrust Bank of South Mississippi in Biloxi, Mississippi (MS)
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SouthTrust Bank of South Mississippi - Overview

General
FDIC Certificate #: 22449
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: SouthTrust Bank (#849)
Federal Reserve ID: 929334
Date Established: April 14, 1977
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 8 (Interstate: No)
OTS Docket #: 14355
FDIC's unique #: 15647
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: April 14, 1977
Last Structure Change Effective Date: June 02, 1997
Last Structure Change Process Date: June 13, 1997
Last Data Update: June 14, 1997
Data Source Date: April 05, 2012
Location
Address: 854 West Howard Avenue, Biloxi, MS 39533
County: Harrison
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Atlanta
FDIC Field Office: Jackson Ms
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
Metropolitan Statistical Area (MSA): Biloxi-Gulfport-Pascagoula, MS (#920)
Combined Statistical Area (CSA): Gulfport-Biloxi-Pascagoula, MS (#274)
Core Based Statistical Area (CBSA): Gulfport-Biloxi, MS (#25060)
CBSA Metro Statistical Area: Gulfport-Biloxi, MS (#25060)
Financial Summary
Total assets: $147.4 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)
$62Total assets
$140,420Cash and due from depository institutions
$6,225Interest-bearing balances
$3Securities
$35,451Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$87,475Loan loss allowance
$1,023Trading account assets
$0Bank premises and fixed assets
$3,318Other real estate owned
$121Goodwill and other intangibles
$4,052Life insurance assets
$3,778All other assets
$0Total liabilities and capital
$140,420Total liabilities
$125,996Total deposits
$118,293Interest-bearing deposits
$97,940Deposits held in domestic offices
118293.00%% insured (estimated)
$86Federal funds purchased & repurchase agreements
$600Trading liabilities
$0Other borrowed funds
$2,903Subordinated debt
$0All other liabilities
$4,200Total equity capital
$4,200Total bank equity capital
$14,424Perpetual preferred stock
$0Common stock
$603Surplus
$10,027Undivided profits
Memoranda
$3,794Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$966Income earned, not collected on loans
$583Earning assets
$122,929Long-term assets (5+ years)
$45,532Average Assets, year-to-date
$129,280Average Assets, quarterly
$136,338Volatile liabilities
$38,547Insider loans
$1,816FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$9,213Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$10,330Total risk weighted assets
$84,248Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$9,271Total interest expense
$4,259Net interest income
$5,012Provision for loan and lease losses
$270Total noninterest income
$994Fiduciary activities
$0Service charges on deposit accounts
$692Trading account gains & fees
$0Additional noninterest income
$302Total noninterest expense
$4,710Salaries and employee benefits
$1,831Premises and equipment expense
$533Additional noninterest expense
$2,346Pre-tax net operating income
$1,026Securities gains (losses)
$0Applicable income taxes
$351Income before extraordinary items
$675Extraordinary gains - net
$0Net income attributable to bank
$675Net charge-offs
$299Cash dividends
$0Sale, 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
8.27%Cost of funding earning assets
3.80%Net interest margin
4.47%Noninterest income to earning assets
0.89%Noninterest expense to earning assets
4.20%Net operating income to assets
0.52%Return on assets (ROA)
0.52%Pretax return on assets
0.79%Return on equity (ROE)
4.81%Retained earnings to average equity (YTD only)
4.81%Net charge-offs to loans
0.40%Credit loss provision to net charge-offs
90.30%Efficiency ratio
73,493Assets per employee
2.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.16%Loss allowance to noncurrent loans
105.90%Noncurrent assets plus other real estate owned to assets
0.77%Noncurrent loans to loans
1.09%Net loans and leases to deposits
73.95%Net loans and leases to core deposits
108.65%Equity capital to assets
10.27%Core capital (leverage) ratio
7.75%Tier 1 risk-based capital ratio
12.26%Total risk-based capital ratio
Memoranda
$13Average assets
$129,280Average earning assets
$14,043Average equity
$112,055Average loans

SouthTrust Bank of South Mississippi in Biloxi, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

SouthTrust Bank of South Mississippi - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

Comment about this bank, ask questions, or add new information about it:

SouthTrust Bank of South Mississippi in Biloxi, Mississippi (MS)Overview, Financial Summary, Detailed Financial Reports, Branches

SouthTrust Bank of South Mississippi - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

Comment about this bank, ask questions, or add new information about it:

SouthTrust Bank of South Mississippi in Biloxi, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches