The Bank of Rector in Rector, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 01, 1995

The Bank of Rector in Rector, Arkansas (AR)
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The Bank of Rector - Overview

General
FDIC Certificate #: 12535
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Union Planters Bank of Northeast Arkansas (#84)
Federal Reserve ID: 669546
Date Established: January 01, 1899
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 7975
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: July 01, 1934
Last Structure Change Effective Date: March 01, 1995
Last Structure Change Process Date: March 08, 1995
Last Data Update: March 08, 1995
Data Source Date: April 05, 2012
Location
Address: 400 Main Street, Rector, AR 72461
County: Clay
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
Financial Summary
Total assets: $27.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$8Total assets
$27,921Cash and due from depository institutions
$1,058Interest-bearing balances
$0Securities
$9,843Federal funds sold & reverse repurchase agreements
$1,975Net loans & leases
$13,865Loan loss allowance
$231Trading account assets
$0Bank premises and fixed assets
$181Other real estate owned
$0Goodwill and other intangibles
$504Life insurance assets
$495All other assets
$0Total liabilities and capital
$27,921Total liabilities
$25,462Total deposits
$25,328Interest-bearing deposits
$22,998Deposits held in domestic offices
25328.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$134Total equity capital
$134Total bank equity capital
$2,459Perpetual preferred stock
$0Common stock
$100Surplus
$2,349Undivided profits
Memoranda
$10Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$34Income earned, not collected on loans
$212Earning assets
$25,683Long-term assets (5+ years)
$556Average Assets, year-to-date
$28,339Average Assets, quarterly
$27,776Volatile liabilities
$2,456Insider loans
$514FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$157Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,015Total risk weighted assets
$14,534Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$1,778Total interest expense
$691Net interest income
$1,087Provision for loan and lease losses
$0Total noninterest income
$163Fiduciary activities
$0Service charges on deposit accounts
$126Trading account gains & fees
$0Additional noninterest income
$37Total noninterest expense
$775Salaries and employee benefits
$370Premises and equipment expense
$53Additional noninterest expense
$352Pre-tax net operating income
$475Securities gains (losses)
-$56Applicable income taxes
$160Income before extraordinary items
$259Extraordinary gains - net
$0Net income attributable to bank
$259Net charge-offs
$20Cash dividends
$341Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.85%Cost of funding earning assets
2.66%Net interest margin
4.19%Noninterest income to earning assets
0.63%Noninterest expense to earning assets
2.99%Net operating income to assets
1.04%Return on assets (ROA)
0.91%Pretax return on assets
1.48%Return on equity (ROE)
10.13%Retained earnings to average equity (YTD only)
-3.21%Net charge-offs to loans
0.13%Credit loss provision to net charge-offs
0.00%Efficiency ratio
56,080Assets per employee
3.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
131.66%Loss allowance to loans
1.64%Loss allowance to noncurrent loans
679.41%Noncurrent assets plus other real estate owned to assets
0.12%Noncurrent loans to loans
0.24%Net loans and leases to deposits
54.74%Net loans and leases to core deposits
60.62%Equity capital to assets
8.81%Core capital (leverage) ratio
7.37%Tier 1 risk-based capital ratio
13.86%Total risk-based capital ratio
Memoranda
$15Average assets
$28,339Average earning assets
$2,557Average equity
$25,954Average loans

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