FDIC Certificate #: 16677 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Southern Bancorp Bank, National Association (#3874) Federal Reserve ID: 461946 Date Established: January 05, 1948 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 10805 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: January 05, 1948 Last Structure Change Effective Date: April 20, 2001 Last Structure Change Process Date: May 02, 2001 Last Data Update: May 02, 2001 Data Source Date: April 05, 2012
Location
Address: Main Street, Elaine, AR 72333 County: Phillips 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 Core Based Statistical Area (CBSA): Helena-West Helena, AR (#25760) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $8.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
3Total employees (full-time equivalent)
$7,800Total assets
$791Cash and due from depository institutions
$0Interest-bearing balances
$3,431Securities
$2,145Federal funds sold & reverse repurchase agreements
$1,088Net loans & leases
$77Loan loss allowance
$0Trading account assets
$10Bank premises and fixed assets
$0Other real estate owned
$170Goodwill and other intangibles
$0Life insurance assets
$165All other assets
$7,800Total liabilities and capital
$6,939Total liabilities
$6,879Total deposits
$5,558Interest-bearing deposits
$6,879Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$60All other liabilities
$861Total equity capital
$861Total bank equity capital
$861Perpetual preferred stock
$0Common stock
$40Surplus
$996Undivided profits
Memoranda
$-175Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$46Earning assets
$0Long-term assets (5+ years)
$13Average Assets, year-to-date
$6,664Average Assets, quarterly
$0Volatile liabilities
$7,411Insider loans
$7,547FHLB advances
$1,816Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$32Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$421Total interest income
$216Total interest expense
$205Net interest income
$153Provision for loan and lease losses
$47Total noninterest income
$0Fiduciary activities
$27Service charges on deposit accounts
$0Trading account gains & fees
$20Additional noninterest income
$192Total noninterest expense
$117Salaries and employee benefits
$8Premises and equipment expense
$67Additional noninterest expense
-$93Pre-tax net operating income
$0Securities gains (losses)
-$26Applicable income taxes
-$67Income before extraordinary items
$0Extraordinary gains - net
-$67Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$136Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.66%Yield on earning assets
3.42%Cost of funding earning assets
3.25%Net interest margin
0.74%Noninterest income to earning assets
3.04%Noninterest expense to earning assets
-0.90%Net operating income to assets
-0.90%Return on assets (ROA)
-1.25%Pretax return on assets
-10.01%Return on equity (ROE)
-10.01%Retained earnings to average equity (YTD only)
9.86%Net charge-offs to loans
112.50%Credit loss provision to net charge-offs
0.44%Efficiency ratio
70,635Assets per employee
2.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
6.61%Loss allowance to noncurrent loans
167.39%Noncurrent assets plus other real estate owned to assets
0.59%Noncurrent loans to loans
3.95%Net loans and leases to deposits
15.82%Net loans and leases to core deposits
21.49%Equity capital to assets
11.04%Core capital (leverage) ratio
9.08%Tier 1 risk-based capital ratio
27.06%Total risk-based capital ratio
Memoranda
$28Average assets
$7,411Average earning assets
$669Average equity
$6,317Average loans
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 The Delta State Bank.
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: