FDIC Certificate #: 25234 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First National Bank (#3887) Federal Reserve ID: 637246 Date Established: June 15, 1984 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 17446 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: June 15, 1984 Last Structure Change Effective Date: November 16, 2002 Last Structure Change Process Date: November 26, 2002 Last Data Update: November 26, 2002 Data Source Date: April 05, 2012
Location
Address: 501 West Second Street, Corning, AR 72422 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: $86.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
26Total employees (full-time equivalent)
$88,186Total assets
$2,042Cash and due from depository institutions
$0Interest-bearing balances
$25,188Securities
$645Federal funds sold & reverse repurchase agreements
$57,657Net loans & leases
$780Loan loss allowance
$0Trading account assets
$619Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,035All other assets
$88,186Total liabilities and capital
$74,770Total liabilities
$74,289Total deposits
$59,564Interest-bearing deposits
$74,289Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$481All other liabilities
$13,416Total equity capital
$13,416Total bank equity capital
$13,416Perpetual preferred stock
$0Common stock
$100Surplus
$1,801Undivided profits
Memoranda
$11,515Noncurrent loans and leases
$3,835Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$172Earning assets
$0Long-term assets (5+ years)
$1,628Average Assets, year-to-date
$83,490Average Assets, quarterly
$9,164Volatile liabilities
$84,460Insider loans
$86,652FHLB advances
$9,749Loans and leases held for sale
$63Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,835Total unused commitments
$0Restructured Loans and leases
$780Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$6,293Total interest income
$2,665Total interest expense
$3,628Net interest income
$120Provision for loan and lease losses
$344Total noninterest income
$0Fiduciary activities
$263Service charges on deposit accounts
$0Trading account gains & fees
$81Additional noninterest income
$1,759Total noninterest expense
$985Salaries and employee benefits
$199Premises and equipment expense
$575Additional noninterest expense
$2,093Pre-tax net operating income
$67Securities gains (losses)
$758Applicable income taxes
$1,402Income before extraordinary items
$0Extraordinary gains - net
$1,402Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$22Sale, conversion, retirement of capital stock, net
$347Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.89%Yield on earning assets
3.34%Cost of funding earning assets
4.55%Net interest margin
0.43%Noninterest income to earning assets
2.21%Noninterest expense to earning assets
1.61%Net operating income to assets
1.66%Return on assets (ROA)
2.56%Pretax return on assets
10.81%Return on equity (ROE)
8.13%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
545.45%Credit loss provision to net charge-offs
100.59%Efficiency ratio
44,285Assets per employee
3.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
24.75%Loss allowance to loans
1.33%Loss allowance to noncurrent loans
453.49%Noncurrent assets plus other real estate owned to assets
0.20%Noncurrent loans to loans
0.29%Net loans and leases to deposits
77.61%Net loans and leases to core deposits
89.34%Equity capital to assets
15.21%Core capital (leverage) ratio
15.16%Tier 1 risk-based capital ratio
21.24%Total risk-based capital ratio
Memoranda
$22Average assets
$84,460Average earning assets
$12,970Average equity
$79,739Average loans
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