Bank of Benoit in Benoit, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches


Bank of Benoit - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 5Total employees (full-time equivalent)
  • $18,007Total assets
  • $2,692Cash and due from depository institutions
  • $1,133Interest-bearing balances
  • $8,044Securities
  • $1,300Federal funds sold & reverse repurchase agreements
  • $5,626Net loans & leases
  • $41Loan loss allowance
  • $0Trading account assets
  • $84Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $18,007Life insurance assets
  • $261All other assets
  • $16,105Total liabilities and capital
  • $16,062Total liabilities
  • $11,676Total deposits
  • $16,062Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $43Subordinated debt
  • $1,902All other liabilities
  • $1,902Total equity capital
  • $1,902Total bank equity capital
  • $0Perpetual preferred stock
  • $60Common stock
  • $1,900Surplus
  • $-58Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $312Income earned, not collected on loans
  • $0Earning assets
  • $131Long-term assets (5+ years)
  • $16,103Average Assets, year-to-date
  • $4,798Average Assets, quarterly
  • $18,418Volatile liabilities
  • $18,360Insider loans
  • $7,896FHLB advances
  • $18,408Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $1,831Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $676Restructured Loans and leases
  • $4Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $633Total interest income
  • $154Total interest expense
  • $479Net interest income
  • $45Provision for loan and lease losses
  • $125Total noninterest income
  • $0Fiduciary activities
  • $93Service charges on deposit accounts
  • $0Trading account gains & fees
  • $32Additional noninterest income
  • $573Total noninterest expense
  • $279Salaries and employee benefits
  • $33Premises and equipment expense
  • $261Additional noninterest expense
  • -$14Pre-tax net operating income
  • $0Securities gains (losses)
  • $6Applicable income taxes
  • -$20Income before extraordinary items
  • $0Extraordinary gains - net
  • -$20Net income attributable to bank
  • $0Net charge-offs
  • -$20Cash dividends
  • $44Sale, conversion, retirement of capital stock, net
  • $18Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.17%Yield on earning assets
  • 1.01%Cost of funding earning assets
  • 3.15%Net interest margin
  • 0.82%Noninterest income to earning assets
  • 3.77%Noninterest expense to earning assets
  • -0.11%Net operating income to assets
  • -0.11%Return on assets (ROA)
  • -0.08%Pretax return on assets
  • -1.04%Return on equity (ROE)
  • -1.98%Retained earnings to average equity (YTD only)
  • 0.79%Net charge-offs to loans
  • 102.27%Credit loss provision to net charge-offs
  • 0.70%Efficiency ratio
  • 94,868Assets per employee
  • 3.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -90.00%Loss allowance to loans
  • 0.72%Loss allowance to noncurrent loans
  • 13.14%Noncurrent assets plus other real estate owned to assets
  • 1.73%Noncurrent loans to loans
  • 5.51%Net loans and leases to deposits
  • 35.03%Net loans and leases to core deposits
  • 45.06%Equity capital to assets
  • 10.56%Core capital (leverage) ratio
  • 9.95%Tier 1 risk-based capital ratio
  • 23.19%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $18,418Average earning assets
  • $1,916Average equity
  • $15,195Average loans

List of branches

  • 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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