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

  • Bank of Kilmichael in Kilmichael, Mississippi (MS)
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Bank of Kilmichael - Overview

  • General
  • FDIC Certificate #: 9775
    Status: Active
    Federal Reserve ID: 780049
    Bank Holding Company (Regulatory Top Holder): Kilmichael Bancorp, Inc. (RSSDID: 3097850, Location: Kilmichael, MS)
    Date Established: September 16, 1904
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 12029
    FDIC's unique #: 6259
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 04, 2008
    Last Structure Change Process Date: January 14, 2009
    Last Data Update: January 14, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 120 North Depot Avenue, Kilmichael, MS 39747
    County: Montgomery
    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
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $106.4 mil
    Equity capital: $8.9 mil
    Deposits held in domestic offices: $96.5 mil
    Return on assets (ROA): 1.13% ($1.2 mil)
    Quarterly return on assets: 2.47% ($2.6 mil)
    Return on Equity (ROE): 13.85% ($1.2 mil)
    Quarterly return on equity: 29.92% ($2.7 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.13% ($1,202.3 mil)
    Quarterly Pretax return on assets: 2.47% ($2,628.0 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
  • 23Total employees (full-time equivalent)
  • $106,398Total assets
  • $14,964Cash and due from depository institutions
  • $10,786Interest-bearing balances
  • $21,656Securities
  • $2,000Federal funds sold & reverse repurchase agreements
  • $62,089Net loans & leases
  • $863Loan loss allowance
  • $0Trading account assets
  • $1,660Bank premises and fixed assets
  • $85Other real estate owned
  • $0Goodwill and other intangibles
  • $106,398Life insurance assets
  • $3,944All other assets
  • $97,475Total liabilities and capital
  • $96,502Total liabilities
  • $81,973Total deposits
  • $96,502Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $973Subordinated debt
  • $8,923All other liabilities
  • $8,923Total equity capital
  • $8,923Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $4,964Surplus
  • $3,759Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $535Income earned, not collected on loans
  • $0Earning assets
  • $646Long-term assets (5+ years)
  • $96,531Average Assets, year-to-date
  • $9,261Average Assets, quarterly
  • $99,165Volatile liabilities
  • $104,930Insider loans
  • $72,709FHLB advances
  • $105,082Loans and leases held for sale
  • $2,302Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,500Tier 2 risk-based capital
  • $417Total risk weighted assets
  • $1,885Total unused commitments
  • $3,967Restructured Loans and leases
  • $447Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,621Total interest income
  • $1,074Total interest expense
  • $3,547Net interest income
  • $204Provision for loan and lease losses
  • $1,273Total noninterest income
  • $0Fiduciary activities
  • $614Service charges on deposit accounts
  • $0Trading account gains & fees
  • $659Additional noninterest income
  • $3,193Total noninterest expense
  • $1,998Salaries and employee benefits
  • $354Premises and equipment expense
  • $841Additional noninterest expense
  • $1,423Pre-tax net operating income
  • -$306Securities gains (losses)
  • $0Applicable income taxes
  • $1,117Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,117Net income attributable to bank
  • $0Net charge-offs
  • $1,117Cash dividends
  • $31Sale, conversion, retirement of capital stock, net
  • $225Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.11%Yield on earning assets
  • 1.19%Cost of funding earning assets
  • 3.92%Net interest margin
  • 1.41%Noninterest income to earning assets
  • 3.53%Noninterest expense to earning assets
  • 1.43%Net operating income to assets
  • 1.13%Return on assets (ROA)
  • 1.13%Pretax return on assets
  • 13.85%Return on equity (ROE)
  • 11.06%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 658.06%Credit loss provision to net charge-offs
  • 52.48%Efficiency ratio
  • 66,245Assets per employee
  • 4.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 20.14%Loss allowance to loans
  • 1.37%Loss allowance to noncurrent loans
  • 161.31%Noncurrent assets plus other real estate owned to assets
  • 2.79%Noncurrent loans to loans
  • 0.85%Net loans and leases to deposits
  • 64.34%Net loans and leases to core deposits
  • 69.78%Equity capital to assets
  • 8.39%Core capital (leverage) ratio
  • 8.09%Tier 1 risk-based capital ratio
  • 11.69%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $99,165Average earning assets
  • $8,063Average equity
  • $90,404Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $32Managed Assets
  • 1Number of Accounts
  • $32Personal trust and agency accounts
  • $32Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 2Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 3 Mississippi Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06259Bank Of Kilmichael120 North Depot Avenue, Kilmichael, MS 39747September 16, 1904Full Service Brick and Mortar
    1481019Winona Branch509 North Applegate, Winona, MS 38967September 06, 2008Full Service Brick and Mortar
    2514527Mathiston Branch24944 Hwy 15, Mathiston, MS 39752October 18, 2010Full Service Brick and Mortar

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