Southern Bancorp Bank in city_name, state_name - Detailed Financial Reports, Location

Southern Bancorp Bank in Ruleville, Mississippi (MS)
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Southern Bancorp Bank - Overview

General
FDIC Certificate #: 328
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Southern Bancorp Bank (#1528)
Federal Reserve ID: 973140
Date Established: November 01, 1902
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 14 (Interstate: No)
FDIC's unique #: 264
Numeric code: 13
Regulator: FED
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: January 01, 1934
Last Structure Change Effective Date: November 01, 2009
Last Structure Change Process Date: December 11, 2009
Last Data Update: December 11, 2009
Data Source Date: April 05, 2012
Location
Address: 117 West Floyce Street, Ruleville, MS 38771
County: Sunflower
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): Indianola, MS (#26940)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $175.2 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, 2008)

Dollar figures in thousands
60Total employees (full-time equivalent)
$168,500Total assets
$10,686Cash and due from depository institutions
$6,453Interest-bearing balances
$34,135Securities
$0Federal funds sold & reverse repurchase agreements
$102,075Net loans & leases
$939Loan loss allowance
$0Trading account assets
$11,786Bank premises and fixed assets
$365Other real estate owned
$4,756Goodwill and other intangibles
$1,375Life insurance assets
$4,697All other assets
$168,500Total liabilities and capital
$148,312Total liabilities
$119,323Total deposits
$102,388Interest-bearing deposits
$119,323Deposits held in domestic offices
0.00%% insured (estimated)
$13,445Federal funds purchased & repurchase agreements
$0Trading liabilities
$14,000Other borrowed funds
$0Subordinated debt
$1,544All other liabilities
$20,188Total equity capital
$20,188Total bank equity capital
$20,188Perpetual preferred stock
$0Common stock
$100Surplus
$16,040Undivided profits
Memoranda
$4,048Noncurrent loans and leases
$7,851Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$990Earning assets
$0Long-term assets (5+ years)
$1,574Average Assets, year-to-date
$142,663Average Assets, quarterly
$25,477Volatile liabilities
$168,875Insider loans
$172,176FHLB advances
$56,920Loans and leases held for sale
$1,572Unused loan commitments
$14,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,851Total unused commitments
$0Restructured Loans and leases
$939Derivatives

Income and Expense (December 31, 2008)

Dollar figures in thousands
$9,162Total interest income
$3,572Total interest expense
$5,590Net interest income
$309Provision for loan and lease losses
$1,593Total noninterest income
$0Fiduciary activities
$1,245Service charges on deposit accounts
$0Trading account gains & fees
$348Additional noninterest income
$5,704Total noninterest expense
$2,727Salaries and employee benefits
$1,010Premises and equipment expense
$1,967Additional noninterest expense
$1,170Pre-tax net operating income
$10Securities gains (losses)
$285Applicable income taxes
$895Income before extraordinary items
$0Extraordinary gains - net
$895Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$271Sale, conversion, retirement of capital stock, net
$3,600Net operating income

Performance and Condition Ratios (December 31, 2008)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.40%Yield on earning assets
2.49%Cost of funding earning assets
3.90%Net interest margin
1.11%Noninterest income to earning assets
3.98%Noninterest expense to earning assets
0.53%Net operating income to assets
0.53%Return on assets (ROA)
0.70%Pretax return on assets
4.31%Return on equity (ROE)
-13.04%Retained earnings to average equity (YTD only)
0.29%Net charge-offs to loans
114.02%Credit loss provision to net charge-offs
5.46%Efficiency ratio
79,410Assets per employee
2.81%Cash dividends to net income (YTD only)
Condition Ratios (%)
402.23%Loss allowance to loans
0.91%Loss allowance to noncurrent loans
94.85%Noncurrent assets plus other real estate owned to assets
0.80%Noncurrent loans to loans
0.96%Net loans and leases to deposits
85.55%Net loans and leases to core deposits
113.61%Equity capital to assets
11.98%Core capital (leverage) ratio
9.42%Tier 1 risk-based capital ratio
13.19%Total risk-based capital ratio
Memoranda
$14Average assets
$168,875Average earning assets
$20,752Average equity
$143,223Average loans

Southern Bancorp Bank in Ruleville, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

Southern Bancorp Bank - Overview

Assets and Liabilities (December 31, 2008)

Income and Expense (December 31, 2008)

Performance and Condition Ratios (December 31, 2008)

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

Southern Bancorp Bank in Ruleville, Mississippi (MS)Overview, Financial Summary, Detailed Financial Reports, Branches

Southern Bancorp Bank - Overview

Assets and Liabilities (December 31, 2008)

Income and Expense (December 31, 2008)

Performance and Condition Ratios (December 31, 2008)

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

Southern Bancorp Bank in Ruleville, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches