State Bank & Trust Company in Brookhaven, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 31, 2000

State Bank & Trust Company in Brookhaven, Mississippi (MS)
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State Bank & Trust Company - Overview

General
FDIC Certificate #: 15411
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: State Bank & Trust Company (#8878)
Federal Reserve ID: 508131
Date Established: August 01, 1936
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 9728
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: August 05, 1936
Last Structure Change Effective Date: July 31, 2000
Last Structure Change Process Date: August 09, 2000
Last Data Update: August 09, 2000
Data Source Date: April 05, 2012
Location
Address: 147 South Railroad Avenue, Brookhaven, MS 39601
County: Lincoln
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): Brookhaven, MS (#15020)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $128.3 mil

1992 - 1999 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, 1999)

Dollar figures in thousands
54Total employees (full-time equivalent)
$136,132Total assets
$8,502Cash and due from depository institutions
$0Interest-bearing balances
$25,887Securities
$8,650Federal funds sold & reverse repurchase agreements
$89,097Net loans & leases
$1,851Loan loss allowance
$0Trading account assets
$1,822Bank premises and fixed assets
$83Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,091All other assets
$136,132Total liabilities and capital
$122,380Total liabilities
$121,032Total deposits
$96,770Interest-bearing deposits
$121,032Deposits held in domestic offices
0.00%% insured (estimated)
$460Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$888All other liabilities
$13,752Total equity capital
$13,752Total bank equity capital
$13,752Perpetual preferred stock
$0Common stock
$500Surplus
$12,300Undivided profits
Memoranda
$952Noncurrent loans and leases
$8,837Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,195Earning assets
$0Long-term assets (5+ years)
$930Average Assets, year-to-date
$123,634Average Assets, quarterly
$2,012Volatile liabilities
$135,551Insider loans
$135,852FHLB advances
$22,746Loans and leases held for sale
$606Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,837Total unused commitments
$121Restructured Loans and leases
$1,182Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$11,215Total interest income
$3,618Total interest expense
$7,597Net interest income
$1,126Provision for loan and lease losses
$1,345Total noninterest income
$10Fiduciary activities
$890Service charges on deposit accounts
$0Trading account gains & fees
$445Additional noninterest income
$4,598Total noninterest expense
$2,077Salaries and employee benefits
$836Premises and equipment expense
$1,685Additional noninterest expense
$3,218Pre-tax net operating income
$0Securities gains (losses)
$1,140Applicable income taxes
$2,078Income before extraordinary items
$0Extraordinary gains - net
$2,078Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,069Sale, conversion, retirement of capital stock, net
$850Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
9.00%Yield on earning assets
2.90%Cost of funding earning assets
6.10%Net interest margin
1.08%Noninterest income to earning assets
3.69%Noninterest expense to earning assets
1.53%Net operating income to assets
1.53%Return on assets (ROA)
2.37%Pretax return on assets
15.18%Return on equity (ROE)
8.97%Retained earnings to average equity (YTD only)
1.21%Net charge-offs to loans
105.33%Credit loss provision to net charge-offs
4.06%Efficiency ratio
51,420Assets per employee
2.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
40.90%Loss allowance to loans
2.04%Loss allowance to noncurrent loans
84.33%Noncurrent assets plus other real estate owned to assets
1.67%Noncurrent loans to loans
2.41%Net loans and leases to deposits
73.61%Net loans and leases to core deposits
90.23%Equity capital to assets
10.10%Core capital (leverage) ratio
10.31%Tier 1 risk-based capital ratio
15.00%Total risk-based capital ratio
Memoranda
$16Average assets
$135,551Average earning assets
$13,686Average equity
$124,558Average loans

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