FDIC Certificate #: 5007 Status: Inactive Closing history: Corrections Acquiring institution:Cadence Bank, N.A. (#4999) Federal Reserve ID: 877547 Date Established: January 01, 1872 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 4 (Interstate: No) OTS Docket #: 11000 FDIC's unique #: 3343 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 04, 1999 Last Data Update: Febuary 26, 1999 Data Source Date: April 05, 2012
Location
Address: 107 Commerce Street, West Point, MS 39773 County: Clay 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 Combined Statistical Area (CSA): Columbus-West Point, MS (#200) Core Based Statistical Area (CBSA): West Point, MS (#48500) CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $85.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
46Total employees (full-time equivalent)
$80,218Total assets
$4,670Cash and due from depository institutions
$60Interest-bearing balances
$18,934Securities
$2,800Federal funds sold & reverse repurchase agreements
$50,898Net loans & leases
$664Loan loss allowance
$0Trading account assets
$1,533Bank premises and fixed assets
$200Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,183All other assets
$80,218Total liabilities and capital
$72,233Total liabilities
$67,303Total deposits
$58,769Interest-bearing deposits
$67,303Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,294Other borrowed funds
$0Subordinated debt
$636All other liabilities
$7,985Total equity capital
$7,985Total bank equity capital
$7,985Perpetual preferred stock
$0Common stock
$648Surplus
$6,600Undivided profits
Memoranda
$737Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$630Earning assets
$0Long-term assets (5+ years)
$625Average Assets, year-to-date
$72,692Average Assets, quarterly
$18,591Volatile liabilities
$76,039Insider loans
$78,827FHLB advances
$7,429Loans and leases held for sale
$2,059Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,224Total unused commitments
$0Restructured Loans and leases
$52,971Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$6,278Total interest income
$2,622Total interest expense
$3,656Net interest income
$142Provision for loan and lease losses
$639Total noninterest income
$0Fiduciary activities
$439Service charges on deposit accounts
$0Trading account gains & fees
$200Additional noninterest income
$2,591Total noninterest expense
$1,391Salaries and employee benefits
$427Premises and equipment expense
$773Additional noninterest expense
$1,562Pre-tax net operating income
$6Securities gains (losses)
$424Applicable income taxes
$1,144Income before extraordinary items
$0Extraordinary gains - net
$1,144Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$10Sale, conversion, retirement of capital stock, net
$950Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.97%Yield on earning assets
3.75%Cost of funding earning assets
5.22%Net interest margin
0.91%Noninterest income to earning assets
3.70%Noninterest expense to earning assets
1.50%Net operating income to assets
1.50%Return on assets (ROA)
2.06%Pretax return on assets
14.48%Return on equity (ROE)
2.46%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
1420.00%Credit loss provision to net charge-offs
170.40%Efficiency ratio
60,326Assets per employee
1.74%Cash dividends to net income (YTD only)
Condition Ratios (%)
83.04%Loss allowance to loans
1.29%Loss allowance to noncurrent loans
105.40%Noncurrent assets plus other real estate owned to assets
1.03%Noncurrent loans to loans
1.22%Net loans and leases to deposits
75.63%Net loans and leases to core deposits
85.01%Equity capital to assets
9.95%Core capital (leverage) ratio
9.94%Tier 1 risk-based capital ratio
14.74%Total risk-based capital ratio
Memoranda
$16Average assets
$76,039Average earning assets
$7,901Average equity
$70,010Average loans
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