Bank of Benoit in Benoit, Mississippi (MS)



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Bank of Benoit routing number info

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Bank of Benoit
GeneralFDIC Certificate #: 15817
Status: Active
Federal Reserve ID: 659640
Date Established: January 01, 1904
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 10061
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
Date of Deposit Insurance: May 06, 1941
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 28-30 Main Street, Benoit, MS 38725
County: Bolivar
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
Core Based Statistical Area (CBSA): Cleveland, MS (#17380)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $18.0 mil
Equity capital: $1.9 mil
Deposits held in domestic offices: $16.1 mil
Return on assets (ROA): -0.11% (-$0.0 mil)
Quarterly return on assets: 0.46% ($0.1 mil)
Return on Equity (ROE): -1.04% (-$0.0 mil)
Quarterly return on equity: 4.42% ($0.1 mil)
Net income: -$0.0 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: -0.08% (-$14.4 mil)
Quarterly Pretax return on assets: 0.46% ($82.8 mil)

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)5
Total assets$18,007
Cash and due from depository institutions$2,692
Interest-bearing balances$1,133
Securities$8,044
Federal funds sold & reverse repurchase agreements$1,300
Net loans & leases$5,626
Loan loss allowance $41
Trading account assets$0
Bank premises and fixed assets$84
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$261
Life insurance assets$18,007
Total liabilities and capital$16,105
Total liabilities$16,062
Total deposits$11,676
Interest-bearing deposits$16,062
Deposits held in domestic offices$87
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $43
All other liabilities $1,902
Total equity capital$1,902
Total bank equity capital$1,902
Perpetual preferred stock$0
Common stock$60
Surplus$1,900
Undivided profits $-58
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $312
Earning assets $0
Long-term assets (5+ years) $131
Average Assets, year-to-date $16,103
Average Assets, quarterly $4,798
Volatile liabilities $18,418
Insider loans $18,360
FHLB advances $7,896
Loans and leases held for sale $18,408
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $1,831
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $676
Derivatives$4
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $633
Total interest expense $154
Net interest income $479
Provision for loan and lease losses $45
Total noninterest income $125
Fiduciary activities $0
Service charges on deposit accounts $93
Trading account gains & fees $0
Additional noninterest income $32
Total noninterest expense $573
Salaries and employee benefits $279
Premises and equipment expense $33
Additional noninterest expense $261
Pre-tax net operating income -$14
Securities gains (losses) $0
Applicable income taxes $6
Income before extraordinary items -$20
Extraordinary gains - net $0
Net income attributable to bank -$20
Net charge-offs $0
Cash dividends -$20
Sale, conversion, retirement of capital stock, net $44
Net operating income $18
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.17%
Cost of funding earning assets 1.01%
Net interest margin 3.15%
Noninterest income to earning assets 0.82%
Noninterest expense to earning assets 3.77%
Net operating income to assets -0.11%
Return on assets (ROA) -0.11%
Pretax return on assets -0.08%
Return on equity (ROE) -1.04%
Retained earnings to average equity (YTD only) -1.98%
Net charge-offs to loans 0.79%
Credit loss provision to net charge-offs 102.27%
Efficiency ratio0.70%
Assets per employee$94,868
Cash dividends to net income (YTD only)3.60%
Condition Ratios (%)
Loss allowance to loans -90.00%
Loss allowance to noncurrent loans 0.72%
Noncurrent assets plus other real estate owned to assets 13.14%
Noncurrent loans to loans 1.73%
Net loans and leases to deposits5.51%
Net loans and leases to core deposits 35.03%
Equity capital to assets 45.06%
Core capital (leverage) ratio 10.56%
Tier 1 risk-based capital ratio 9.95%
Total risk-based capital ratio 23.19%
Memoranda
Average assets$24
Average earning assets$18,418
Average equity $1,916
Average loans $15,195
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1 Mississippi Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
010061Bank Of Benoit28-30 Main Street, Benoit, MS 38725January 01, 1904Full Service Brick and Mortar
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