FDIC Certificate #: 34917 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Community Spirit Bank (#50) Federal Reserve ID: 2735959 Bank Holding Company (Regulatory Top Holder): Independent Bancshares, Inc. Employee Stock Ownership Plan (RSSDID: 3587294, Location: Red Bay, AL) Date Established: January 25, 1999 WWW:http://www.communityspiritbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 61980 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: All Other Specialization < 1 Billion Date of Deposit Insurance: January 25, 1999 Last Structure Change Effective Date: January 01, 2012 Last Structure Change Process Date: January 11, 2012 Last Data Update: January 11, 2012 Data Source Date: April 05, 2012
Location
Address: 342 Second Street, Belmont, MS 38827 County: Tishomingo 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
Financial Summary
Total assets: $26.1 mil Equity capital: $2.4 mil Deposits held in domestic offices: $22.7 mil Return on assets (ROA): 0.47% ($0.1 mil) Quarterly return on assets: 0.81% ($0.2 mil) Return on Equity (ROE): 5.14% ($0.1 mil) Quarterly return on equity: 8.60% ($0.2 mil) Net income: $0.1 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.52% ($135.5 mil) Quarterly Pretax return on assets: 1.07% ($278.9 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
6Total employees (full-time equivalent)
$26,067Total assets
$4,304Cash and due from depository institutions
$3,359Interest-bearing balances
$10,029Securities
$0Federal funds sold & reverse repurchase agreements
$10,329Net loans & leases
$138Loan loss allowance
$0Trading account assets
$963Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$26,067Life insurance assets
$442All other assets
$23,642Total liabilities and capital
$22,745Total liabilities
$18,582Total deposits
$22,745Interest-bearing deposits
$90Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$812Trading liabilities
$0Other borrowed funds
$85Subordinated debt
$2,425All other liabilities
$2,425Total equity capital
$2,425Total bank equity capital
$0Perpetual preferred stock
$1,000Common stock
$875Surplus
$550Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$90Long-term assets (5+ years)
$23,717Average Assets, year-to-date
$10,751Average Assets, quarterly
$25,396Volatile liabilities
$25,824Insider loans
$13,423FHLB advances
$26,284Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$2,363Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$1,165Restructured Loans and leases
$182Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,031Total interest income
$286Total interest expense
$745Net interest income
$21Provision for loan and lease losses
$163Total noninterest income
$0Fiduciary activities
$111Service charges on deposit accounts
$0Trading account gains & fees
$52Additional noninterest income
$788Total noninterest expense
$279Salaries and employee benefits
$151Premises and equipment expense
$358Additional noninterest expense
$99Pre-tax net operating income
$34Securities gains (losses)
$14Applicable income taxes
$119Income before extraordinary items
$0Extraordinary gains - net
$119Net income attributable to bank
$0Net charge-offs
$119Cash dividends
$3Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.46%Yield on earning assets
1.24%Cost of funding earning assets
3.23%Net interest margin
0.71%Noninterest income to earning assets
3.41%Noninterest expense to earning assets
0.35%Net operating income to assets
0.47%Return on assets (ROA)
0.52%Pretax return on assets
5.14%Return on equity (ROE)
5.14%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
700.00%Credit loss provision to net charge-offs
40.00%Efficiency ratio
86,784Assets per employee
4.34%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.32%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.28%Noncurrent loans to loans
0.00%Net loans and leases to deposits
45.41%Net loans and leases to core deposits
50.50%Equity capital to assets
9.30%Core capital (leverage) ratio
8.99%Tier 1 risk-based capital ratio
17.60%Total risk-based capital ratio
Memoranda
$19Average assets
$25,396Average earning assets
$2,317Average equity
$23,096Average loans
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