FDIC Certificate #: 35335 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Southern Bank (#28332) Federal Reserve ID: 2837059 Date Established: November 17, 1999 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 4 (Interstate: No) FDIC's unique #: 78241 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: November 17, 1999 Last Structure Change Effective Date: July 20, 2009 Last Structure Change Process Date: August 14, 2009 Last Data Update: August 14, 2009 Data Source Date: April 05, 2012
Location
Address: 1727 West Kingshighway, Paragould, AR 72451 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: $30.3 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
21Total employees (full-time equivalent)
$28,385Total assets
$5,264Cash and due from depository institutions
$2,183Interest-bearing balances
$1,972Securities
$730Federal funds sold & reverse repurchase agreements
$17,985Net loans & leases
$863Loan loss allowance
$0Trading account assets
$1,341Bank premises and fixed assets
$535Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$558All other assets
$28,385Total liabilities and capital
$26,822Total liabilities
$26,707Total deposits
$25,609Interest-bearing deposits
$26,707Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$115All other liabilities
$1,563Total equity capital
$1,563Total bank equity capital
$1,563Perpetual preferred stock
$0Common stock
$381Surplus
$3,433Undivided profits
Memoranda
$-2,251Noncurrent loans and leases
$327Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,722Earning assets
$0Long-term assets (5+ years)
$176Average Assets, year-to-date
$22,870Average Assets, quarterly
$2,788Volatile liabilities
$30,536Insider loans
$29,144FHLB advances
$9,025Loans and leases held for sale
$164Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$327Total unused commitments
$0Restructured Loans and leases
$220Derivatives
Income and Expense (December 31, 2008)
Dollar figures in thousands
$1,951Total interest income
$1,181Total interest expense
$770Net interest income
$825Provision for loan and lease losses
$116Total noninterest income
$0Fiduciary activities
$104Service charges on deposit accounts
$0Trading account gains & fees
$12Additional noninterest income
$1,973Total noninterest expense
$905Salaries and employee benefits
$325Premises and equipment expense
$743Additional noninterest expense
-$1,912Pre-tax net operating income
$6Securities gains (losses)
$310Applicable income taxes
-$2,216Income before extraordinary items
$0Extraordinary gains - net
-$2,216Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$565Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2008)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.56%Yield on earning assets
4.58%Cost of funding earning assets
2.98%Net interest margin
0.45%Noninterest income to earning assets
7.64%Noninterest expense to earning assets
-7.28%Net operating income to assets
-7.26%Return on assets (ROA)
-6.24%Pretax return on assets
-76.77%Return on equity (ROE)
-76.77%Retained earnings to average equity (YTD only)
2.70%Net charge-offs to loans
146.02%Credit loss provision to net charge-offs
-1.92%Efficiency ratio
222,686Assets per employee
1.35%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.58%Loss allowance to noncurrent loans
50.12%Noncurrent assets plus other real estate owned to assets
7.95%Noncurrent loans to loans
9.14%Net loans and leases to deposits
67.34%Net loans and leases to core deposits
101.71%Equity capital to assets
5.51%Core capital (leverage) ratio
5.37%Tier 1 risk-based capital ratio
9.33%Total risk-based capital ratio
Memoranda
$11Average assets
$30,536Average earning assets
$2,887Average equity
$25,814Average loans
Bank Assets Sold and Securitized (December 31, 2002)
Dollar figures in thousands
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Southern Bank of Commerce.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: