FDIC Certificate #: 9357 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Whitney National Bank (#18538) Federal Reserve ID: 2536679 Date Established: August 15, 1903 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 13 (Interstate: No) FDIC's unique #: 6007 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: January 01, 1998 Last Structure Change Process Date: January 22, 1998 Last Data Update: January 22, 1998 Data Source Date: April 05, 2012
Location
Address: 1300 25th Street, Gulfport, MS 39501 County: Harrison 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 Metropolitan Statistical Area (MSA): Biloxi-Gulfport-Pascagoula, MS (#920) Combined Statistical Area (CSA): Gulfport-Biloxi-Pascagoula, MS (#274) Core Based Statistical Area (CBSA): Gulfport-Biloxi, MS (#25060) CBSA Metro Statistical Area: Gulfport-Biloxi, MS (#25060)
Financial Summary
Total assets: $206.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
104Total employees (full-time equivalent)
$206,847Total assets
$14,271Cash and due from depository institutions
$0Interest-bearing balances
$62,334Securities
$41,300Federal funds sold & reverse repurchase agreements
$80,457Net loans & leases
$365Loan loss allowance
$0Trading account assets
$5,046Bank premises and fixed assets
$737Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,702All other assets
$206,847Total liabilities and capital
$180,310Total liabilities
$178,993Total deposits
$141,279Interest-bearing deposits
$178,993Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,317All other liabilities
$26,537Total equity capital
$26,537Total bank equity capital
$26,537Perpetual preferred stock
$0Common stock
$200Surplus
$24,183Undivided profits
Memoranda
$2,154Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$571Earning assets
$0Long-term assets (5+ years)
$653Average Assets, year-to-date
$184,091Average Assets, quarterly
$17,235Volatile liabilities
$206,682Insider loans
$207,843FHLB advances
$20,032Loans and leases held for sale
$2Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,856Total unused commitments
$0Restructured Loans and leases
$103,574Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$13,996Total interest income
$5,770Total interest expense
$8,226Net interest income
$88Provision for loan and lease losses
$2,293Total noninterest income
$0Fiduciary activities
$1,560Service charges on deposit accounts
$0Trading account gains & fees
$733Additional noninterest income
$8,271Total noninterest expense
$4,463Salaries and employee benefits
$1,263Premises and equipment expense
$2,545Additional noninterest expense
$2,160Pre-tax net operating income
$0Securities gains (losses)
$698Applicable income taxes
$1,462Income before extraordinary items
$0Extraordinary gains - net
$1,462Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$826Sale, conversion, retirement of capital stock, net
$121Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.57%Yield on earning assets
3.12%Cost of funding earning assets
4.45%Net interest margin
1.24%Noninterest income to earning assets
4.48%Noninterest expense to earning assets
0.71%Net operating income to assets
0.71%Return on assets (ROA)
1.05%Pretax return on assets
6.40%Return on equity (ROE)
5.87%Retained earnings to average equity (YTD only)
0.99%Net charge-offs to loans
10.65%Credit loss provision to net charge-offs
2.72%Efficiency ratio
78,629Assets per employee
1.99%Cash dividends to net income (YTD only)
Condition Ratios (%)
8.28%Loss allowance to loans
0.45%Loss allowance to noncurrent loans
63.92%Noncurrent assets plus other real estate owned to assets
0.63%Noncurrent loans to loans
0.71%Net loans and leases to deposits
44.95%Net loans and leases to core deposits
50.61%Equity capital to assets
12.83%Core capital (leverage) ratio
12.83%Tier 1 risk-based capital ratio
25.62%Total risk-based capital ratio
Memoranda
$26Average assets
$206,682Average earning assets
$22,831Average equity
$184,781Average 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 Whitney National Bank of Mississippi.
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: