AmeriFirst Bank in city_name, state_name - Detailed Financial Reports, Location

AmeriFirst Bank in Sikeston, Missouri (MO)
Show street view No street view available for this location

AmeriFirst Bank - Overview

General
FDIC Certificate #: 1424
Status: Inactive
Closing history: Office Sold
Acquiring institution: Mercantile Bank of Sikeston (#19330)
Federal Reserve ID: 429357
Date Established: August 15, 1887
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 10820
FDIC's unique #: 944
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 01, 1934
Last Structure Change Effective Date: October 26, 1995
Last Structure Change Process Date: December 11, 1995
Last Data Update: December 11, 1995
Data Source Date: April 05, 2012
Location
Address: 104 East Center Street, Sikeston, MO 63801
County: Scott
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: St. Louis
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Combined Statistical Area (CSA): Cape Girardeau-Sikeston-Jackson, MO-IL (#164)
Core Based Statistical Area (CBSA): Sikeston, MO (#43460)
CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Corrections
Office Sold
Financial Summary
Total assets: $151.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$80Total assets
$164,069Cash and due from depository institutions
$8,014Interest-bearing balances
$5Securities
$29,555Federal funds sold & reverse repurchase agreements
$6,350Net loans & leases
$115,323Loan loss allowance
$1,032Trading account assets
$0Bank premises and fixed assets
$2,976Other real estate owned
$0Goodwill and other intangibles
$1,686Life insurance assets
$165All other assets
$0Total liabilities and capital
$164,069Total liabilities
$149,598Total deposits
$143,020Interest-bearing deposits
$117,193Deposits held in domestic offices
143020.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$5,041Trading liabilities
$0Other borrowed funds
$699Subordinated debt
$0All other liabilities
$838Total equity capital
$838Total bank equity capital
$14,471Perpetual preferred stock
$0Common stock
$1,250Surplus
$5,250Undivided profits
Memoranda
$7,971Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$261Income earned, not collected on loans
$970Earning assets
$151,233Long-term assets (5+ years)
$5,553Average Assets, year-to-date
$158,601Average Assets, quarterly
$161,952Volatile liabilities
$15,216Insider loans
$3,743FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$12,117Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$14,184Total risk weighted assets
$121,547Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$10,499Total interest expense
$4,915Net interest income
$5,584Provision for loan and lease losses
-$122Total noninterest income
$791Fiduciary activities
$19Service charges on deposit accounts
$626Trading account gains & fees
$0Additional noninterest income
$146Total noninterest expense
$4,588Salaries and employee benefits
$2,645Premises and equipment expense
$487Additional noninterest expense
$1,456Pre-tax net operating income
$1,909Securities gains (losses)
-$6Applicable income taxes
$624Income before extraordinary items
$1,279Extraordinary gains - net
$0Net income attributable to bank
$1,279Net charge-offs
$17Cash dividends
$421Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.12%Cost of funding earning assets
3.33%Net interest margin
3.79%Noninterest income to earning assets
0.54%Noninterest expense to earning assets
3.11%Net operating income to assets
0.81%Return on assets (ROA)
0.81%Pretax return on assets
1.20%Return on equity (ROE)
9.05%Retained earnings to average equity (YTD only)
6.07%Net charge-offs to loans
0.01%Credit loss provision to net charge-offs
-717.65%Efficiency ratio
71,639Assets per employee
2.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
32.92%Loss allowance to loans
0.89%Loss allowance to noncurrent loans
395.40%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.22%Net loans and leases to deposits
80.63%Net loans and leases to core deposits
86.49%Equity capital to assets
8.82%Core capital (leverage) ratio
8.68%Tier 1 risk-based capital ratio
11.67%Total risk-based capital ratio
Memoranda
$13Average assets
$158,601Average earning assets
$14,132Average equity
$147,496Average loans

AmeriFirst Bank in Sikeston, Missouri (MO)
Overview, Financial Summary, Detailed Financial Reports, Branches

AmeriFirst Bank - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

Comment about this bank, ask questions, or add new information about it:

AmeriFirst Bank in Sikeston, Missouri (MO)Overview, Financial Summary, Detailed Financial Reports, Branches

AmeriFirst Bank - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

Comment about this bank, ask questions, or add new information about it:

AmeriFirst Bank in Sikeston, Missouri (MO)
Overview, Financial Summary, Detailed Financial Reports, Branches