FDIC Certificate #: 2819 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:BancorpSouth Bank (#11813) Federal Reserve ID: 426431 Date Established: January 16, 1886 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) OTS Docket #: 10551 FDIC's unique #: 1841 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: December 31, 1998 Last Structure Change Process Date: Febuary 05, 1999 Last Data Update: Febuary 05, 1999 Data Source Date: April 05, 2012
Location
Address: 414 South Seventh Street, Opelika, AL 36803 County: Lee Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Montgomery Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Auburn-Opelika, AL (#580) Combined Statistical Area (CSA): Columbus-Auburn-Opelika, GA-AL (#194) Core Based Statistical Area (CBSA): Auburn-Opelika, AL (#12220) CBSA Metro Statistical Area: Auburn-Opelika, AL (#12220)
Financial Summary
Total assets: $143.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
61Total employees (full-time equivalent)
$145,474Total assets
$5,117Cash and due from depository institutions
$16Interest-bearing balances
$48,569Securities
$4,010Federal funds sold & reverse repurchase agreements
$80,879Net loans & leases
$1,153Loan loss allowance
$0Trading account assets
$4,596Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,303All other assets
$145,474Total liabilities and capital
$130,928Total liabilities
$124,386Total deposits
$111,943Interest-bearing deposits
$124,386Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,500Other borrowed funds
$0Subordinated debt
$1,042All other liabilities
$14,546Total equity capital
$14,546Total bank equity capital
$14,546Perpetual preferred stock
$0Common stock
$100Surplus
$533Undivided profits
Memoranda
$13,913Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$143Earning assets
$0Long-term assets (5+ years)
$564Average Assets, year-to-date
$133,474Average Assets, quarterly
$40,324Volatile liabilities
$140,111Insider loans
$142,503FHLB advances
$21,645Loans and leases held for sale
$4,343Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,991Total unused commitments
$0Restructured Loans and leases
$91,751Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$10,378Total interest income
$5,501Total interest expense
$4,877Net interest income
$195Provision for loan and lease losses
$575Total noninterest income
$0Fiduciary activities
$398Service charges on deposit accounts
$0Trading account gains & fees
$177Additional noninterest income
$3,527Total noninterest expense
$1,953Salaries and employee benefits
$603Premises and equipment expense
$971Additional noninterest expense
$1,730Pre-tax net operating income
$12Securities gains (losses)
$419Applicable income taxes
$1,323Income before extraordinary items
$0Extraordinary gains - net
$1,323Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$128Sale, conversion, retirement of capital stock, net
$386Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.00%Yield on earning assets
4.24%Cost of funding earning assets
3.76%Net interest margin
0.44%Noninterest income to earning assets
2.72%Noninterest expense to earning assets
0.94%Net operating income to assets
0.94%Return on assets (ROA)
1.24%Pretax return on assets
9.51%Return on equity (ROE)
6.74%Retained earnings to average equity (YTD only)
0.17%Net charge-offs to loans
152.34%Credit loss provision to net charge-offs
15.04%Efficiency ratio
64,692Assets per employee
2.38%Cash dividends to net income (YTD only)
Condition Ratios (%)
29.18%Loss allowance to loans
1.41%Loss allowance to noncurrent loans
806.29%Noncurrent assets plus other real estate owned to assets
0.10%Noncurrent loans to loans
0.17%Net loans and leases to deposits
65.02%Net loans and leases to core deposits
78.34%Equity capital to assets
10.00%Core capital (leverage) ratio
10.29%Tier 1 risk-based capital ratio
15.57%Total risk-based capital ratio
Memoranda
$17Average assets
$140,111Average earning assets
$13,907Average equity
$129,749Average loans
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