Southern Bancorp Bank, National Association - Overview
General
FDIC Certificate #: 3874 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Southern Bancorp Bank (#1528) Federal Reserve ID: 405641 Date Established: January 01, 1931 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 6 (Interstate: No) OTS Docket #: 11283 FDIC's unique #: 2525 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No 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: 425 East Plaza Street, West Helena, AR 72390 County: Phillips 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 Core Based Statistical Area (CBSA): Helena-West Helena, AR (#25760) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $217.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
72Total employees (full-time equivalent)
$205,490Total assets
$19,034Cash and due from depository institutions
$10,553Interest-bearing balances
$54,491Securities
$4,925Federal funds sold & reverse repurchase agreements
$105,903Net loans & leases
$1,199Loan loss allowance
$0Trading account assets
$6,879Bank premises and fixed assets
$0Other real estate owned
$5,683Goodwill and other intangibles
$5,117Life insurance assets
$8,575All other assets
$205,490Total liabilities and capital
$181,275Total liabilities
$168,650Total deposits
$126,339Interest-bearing deposits
$168,650Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$11,185Other borrowed funds
$0Subordinated debt
$1,440All other liabilities
$24,215Total equity capital
$24,215Total bank equity capital
$24,215Perpetual preferred stock
$0Common stock
$1Surplus
$18,740Undivided profits
Memoranda
$5,474Noncurrent loans and leases
$29,485Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,745Earning assets
$64Long-term assets (5+ years)
$1,930Average Assets, year-to-date
$175,872Average Assets, quarterly
$39,296Volatile liabilities
$199,992Insider loans
$207,352FHLB advances
$31,410Loans and leases held for sale
$22,294Unused loan commitments
$11,185Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$46Total risk weighted assets
$29,485Total unused commitments
$16Restructured Loans and leases
$1,199Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$10,407Total interest income
$2,947Total interest expense
$7,460Net interest income
$718Provision for loan and lease losses
$2,228Total noninterest income
$80Fiduciary activities
$1,580Service charges on deposit accounts
$0Trading account gains & fees
$568Additional noninterest income
$6,467Total noninterest expense
$3,490Salaries and employee benefits
$807Premises and equipment expense
$2,170Additional noninterest expense
$2,503Pre-tax net operating income
-$2Securities gains (losses)
$612Applicable income taxes
$1,889Income before extraordinary items
$0Extraordinary gains - net
$1,889Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,714Sale, conversion, retirement of capital stock, net
$2,147Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.06%Yield on earning assets
1.72%Cost of funding earning assets
4.34%Net interest margin
1.30%Noninterest income to earning assets
3.77%Noninterest expense to earning assets
0.95%Net operating income to assets
0.94%Return on assets (ROA)
1.25%Pretax return on assets
7.78%Return on equity (ROE)
-1.06%Retained earnings to average equity (YTD only)
1.63%Net charge-offs to loans
41.89%Credit loss provision to net charge-offs
1.88%Efficiency ratio
66,753Assets per employee
2.85%Cash dividends to net income (YTD only)
Condition Ratios (%)
113.66%Loss allowance to loans
1.12%Loss allowance to noncurrent loans
25.27%Noncurrent assets plus other real estate owned to assets
2.31%Noncurrent loans to loans
4.43%Net loans and leases to deposits
62.79%Net loans and leases to core deposits
72.87%Equity capital to assets
11.78%Core capital (leverage) ratio
9.43%Tier 1 risk-based capital ratio
14.39%Total risk-based capital ratio
Memoranda
$15Average assets
$199,992Average earning assets
$24,276Average equity
$171,753Average 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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