Arkansas Bank and Trust Company in Hot Springs, Arkansas (AR)



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Arkansas Bank and Trust Company
GeneralFDIC Certificate #: 97
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Regions Bank (#12368)
Federal Reserve ID: 339540
Date Established: January 01, 1907
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 10 (Interstate: No)
OTS Docket #: 14576
FDIC's unique #: 77
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: October 22, 1998
Last Structure Change Process Date: November 10, 1998
Last Data Update: November 10, 1998
Data Source Date: April 05, 2012
LocationAddress: 835 Central Avenue, Hot Springs, AR 71901
County: Garland
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Atlanta
FDIC Field Office: Little Rock
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Western
Core Based Statistical Area (CBSA): Hot Springs, AR (#26300)
CBSA Metro Statistical Area: Hot Springs, AR (#26300)
Financial SummaryTotal assets: $446.4 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)
Total employees (full-time equivalent)156
Total assets$437,773
Cash and due from depository institutions$13,757
Interest-bearing balances$0
Securities$60,751
Federal funds sold & reverse repurchase agreements$5,000
Net loans & leases$343,278
Loan loss allowance $5,951
Trading account assets$0
Bank premises and fixed assets$8,250
Other real estate owned$146
Goodwill and other intangibles$356
All other assets$6,235
Life insurance assets$0
Total liabilities and capital$437,773
Total liabilities$405,388
Total deposits$401,542
Interest-bearing deposits$323,625
Deposits held in domestic offices$401,542
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $3,846
Total equity capital$32,385
Total bank equity capital$32,385
Perpetual preferred stock$32,385
Common stock$0
Surplus$100
Undivided profits $15,742
Memoranda
Noncurrent loans and leases $16,543
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $1,180
Long-term assets (5+ years) $0
Average Assets, year-to-date $1,986
Average Assets, quarterly $409,029
Volatile liabilities $77,611
Insider loans $423,079
FHLB advances $434,379
Loans and leases held for sale $34,608
Unused loan commitments $6,052
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $35,080
Restructured Loans and leases $0
Derivatives$289,299
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Income and Expense (December 31, 1997)
(Dollar figures in thousands)
Total interest income $32,158
Total interest expense $12,010
Net interest income $20,148
Provision for loan and lease losses $200
Total noninterest income $3,736
Fiduciary activities $560
Service charges on deposit accounts $1,394
Trading account gains & fees $0
Additional noninterest income $1,782
Total noninterest expense $11,683
Salaries and employee benefits $5,277
Premises and equipment expense $1,866
Additional noninterest expense $4,540
Pre-tax net operating income $12,001
Securities gains (losses) $1
Applicable income taxes $4,432
Income before extraordinary items $7,570
Extraordinary gains - net $0
Net income attributable to bank $7,570
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $275
Net operating income $6,400
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Performance and Condition Ratios (December 31, 1997)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.18%
Cost of funding earning assets 3.05%
Net interest margin 5.12%
Noninterest income to earning assets 0.95%
Noninterest expense to earning assets 2.97%
Net operating income to assets 1.79%
Return on assets (ROA) 1.79%
Pretax return on assets 2.84%
Return on equity (ROE) 24.45%
Retained earnings to average equity (YTD only) 3.78%
Net charge-offs to loans 0.08%
Credit loss provision to net charge-offs 72.73%
Efficiency ratio44.37%
Assets per employee$48,501
Cash dividends to net income (YTD only)2.81%
Condition Ratios (%)
Loss allowance to loans 84.54%
Loss allowance to noncurrent loans 1.70%
Noncurrent assets plus other real estate owned to assets 504.32%
Noncurrent loans to loans 0.30%
Net loans and leases to deposits0.34%
Net loans and leases to core deposits 85.49%
Equity capital to assets 93.55%
Core capital (leverage) ratio 7.40%
Tier 1 risk-based capital ratio 7.25%
Total risk-based capital ratio 11.02%
Memoranda
Average assets$12
Average earning assets$423,079
Average equity $30,956
Average loans $393,264
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