Bank of Jones County in Laurel, Mississippi (MS)

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Bank of Jones County routing number info

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Bank of Jones County
GeneralFDIC Certificate #: 34897
Status: Active
Federal Reserve ID: 2731876
Bank Holding Company (Regulatory Top Holder): Jones County Bancshares, Inc. (RSSDID: 3340024, Location: Laurel, MS)
Date Established: September 21, 1998
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 61960
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: September 21, 1998
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: 1808 Highway 84 West, Laurel, MS 39440
County: Jones
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): Laurel, MS (#29860)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $224.0 mil
Equity capital: $25.6 mil
Deposits held in domestic offices: $195.6 mil
Return on assets (ROA): 1.34% ($3.0 mil)
Quarterly return on assets: 1.23% ($2.8 mil)
Return on Equity (ROE): 12.24% ($3.2 mil)
Quarterly return on equity: 10.81% ($2.8 mil)
Net income: $2.9 mil
Quarterly Net income: $0.7 mil
Pretax return on assets: 1.85% ($4,143.3 mil)
Quarterly Pretax return on assets: 1.67% ($3,740.1 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)26
Total assets$223,961
Cash and due from depository institutions$4,449
Interest-bearing balances$131
Federal funds sold & reverse repurchase agreements$19,565
Net loans & leases$68,714
Loan loss allowance $1,101
Trading account assets$0
Bank premises and fixed assets$1,685
Other real estate owned$91
Goodwill and other intangibles$0
All other assets$5,143
Life insurance assets$223,961
Total liabilities and capital$198,353
Total liabilities$195,552
Total deposits$167,848
Interest-bearing deposits$195,552
Deposits held in domestic offices$82
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $2,801
All other liabilities $25,608
Total equity capital$25,608
Total bank equity capital$25,608
Perpetual preferred stock$0
Common stock$4,587
Undivided profits $15,697
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 $0
Earning assets $0
Long-term assets (5+ years) $1,048
Average Assets, year-to-date $212,724
Average Assets, quarterly $105,856
Volatile liabilities $219,301
Insider loans $222,334
FHLB advances $95,753
Loans and leases held for sale $222,080
Unused loan commitments $1,522
Tier 1 (core) risk-based capital $1,522
Tier 2 risk-based capital $23,472
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,264
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,179
Total interest expense $1,940
Net interest income $6,239
Provision for loan and lease losses $411
Total noninterest income $632
Fiduciary activities $0
Service charges on deposit accounts $414
Trading account gains & fees $0
Additional noninterest income $218
Total noninterest expense $2,898
Salaries and employee benefits $1,489
Premises and equipment expense $256
Additional noninterest expense $1,153
Pre-tax net operating income $3,562
Securities gains (losses) $494
Applicable income taxes $1,119
Income before extraordinary items $2,937
Extraordinary gains - net $0
Net income attributable to bank $2,937
Net charge-offs $0
Cash dividends $2,937
Sale, conversion, retirement of capital stock, net $294
Net operating income $850
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.92%
Cost of funding earning assets 0.93%
Net interest margin 2.99%
Noninterest income to earning assets 0.30%
Noninterest expense to earning assets 1.39%
Net operating income to assets 1.18%
Return on assets (ROA) 1.34%
Pretax return on assets 1.85%
Return on equity (ROE) 12.24%
Retained earnings to average equity (YTD only) 8.70%
Net charge-offs to loans 0.41%
Credit loss provision to net charge-offs 139.80%
Efficiency ratio13.51%
Assets per employee$42,177
Cash dividends to net income (YTD only)8.61%
Condition Ratios (%)
Loss allowance to loans 28.94%
Loss allowance to noncurrent loans 1.58%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.04%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 35.14%
Equity capital to assets 37.90%
Core capital (leverage) ratio 11.43%
Tier 1 risk-based capital ratio 10.57%
Total risk-based capital ratio 24.51%
Average assets$26
Average earning assets$219,301
Average equity $24,002
Average loans $208,787
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2 Mississippi Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
061960Bank Of Jones County1808 Highway 84 West, Laurel, MS 39440September 21, 1998Full Service Brick and Mortar
2362290South Court Street Branch301 South Court Street, Ellisville, MS 39437October 01, 2001Full Service Brick and Mortar
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