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


Bank of Okolona - Overview

  • General
  • FDIC Certificate #: 5902
    Status: Active
    Federal Reserve ID: 919344
    Bank Holding Company (Regulatory Top Holder): Bancorp Of Okolona (RSSDID: 2744326, Location: Okolona, MS)
    Date Established: January 31, 1931
    WWW: http://www.bankofokolona.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 15888
    FDIC's unique #: 4023
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 02, 2010
    Last Structure Change Process Date: June 02, 2010
    Last Data Update: June 02, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 227 West Main Street, Okolona, MS 38860
    County: Chickasaw
    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: $117.0 mil
    Equity capital: $13.4 mil
    Deposits held in domestic offices: $100.2 mil
    Return on assets (ROA): 1.55% ($1.8 mil)
    Quarterly return on assets: 1.60% ($1.9 mil)
    Return on Equity (ROE): 14.52% ($1.9 mil)
    Quarterly return on equity: 14.12% ($1.8 mil)
    Net income: $1.8 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.55% ($1,812.8 mil)
    Quarterly Pretax return on assets: 1.60% ($1,871.3 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
  • 20Total employees (full-time equivalent)
  • $116,955Total assets
  • $3,057Cash and due from depository institutions
  • $156Interest-bearing balances
  • $21,574Securities
  • $16,075Federal funds sold & reverse repurchase agreements
  • $72,528Net loans & leases
  • $1,031Loan loss allowance
  • $0Trading account assets
  • $1,482Bank premises and fixed assets
  • $275Other real estate owned
  • $0Goodwill and other intangibles
  • $116,955Life insurance assets
  • $1,964All other assets
  • $103,601Total liabilities and capital
  • $100,175Total liabilities
  • $83,646Total deposits
  • $100,175Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,895Trading liabilities
  • $0Other borrowed funds
  • $531Subordinated debt
  • $13,354All other liabilities
  • $13,354Total equity capital
  • $13,354Total bank equity capital
  • $0Perpetual preferred stock
  • $240Common stock
  • $6,985Surplus
  • $6,129Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,571Income earned, not collected on loans
  • $0Earning assets
  • $1,105Long-term assets (5+ years)
  • $110,333Average Assets, year-to-date
  • $26,118Average Assets, quarterly
  • $114,029Volatile liabilities
  • $117,305Insider loans
  • $75,189FHLB advances
  • $116,493Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,888Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,413Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,177Total interest income
  • $1,745Total interest expense
  • $4,432Net interest income
  • $480Provision for loan and lease losses
  • $734Total noninterest income
  • $0Fiduciary activities
  • $665Service charges on deposit accounts
  • $0Trading account gains & fees
  • $69Additional noninterest income
  • $2,921Total noninterest expense
  • $1,375Salaries and employee benefits
  • $240Premises and equipment expense
  • $1,306Additional noninterest expense
  • $1,765Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $1,765Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,765Net income attributable to bank
  • $0Net charge-offs
  • $1,765Cash dividends
  • $265Sale, conversion, retirement of capital stock, net
  • $932Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.75%Yield on earning assets
  • 1.63%Cost of funding earning assets
  • 4.13%Net interest margin
  • 0.68%Noninterest income to earning assets
  • 2.72%Noninterest expense to earning assets
  • 1.55%Net operating income to assets
  • 1.55%Return on assets (ROA)
  • 1.55%Pretax return on assets
  • 14.52%Return on equity (ROE)
  • 6.85%Retained earnings to average equity (YTD only)
  • 0.37%Net charge-offs to loans
  • 181.13%Credit loss provision to net charge-offs
  • 8.47%Efficiency ratio
  • 56,543Assets per employee
  • 5.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 52.80%Loss allowance to loans
  • 1.40%Loss allowance to noncurrent loans
  • 65.63%Noncurrent assets plus other real estate owned to assets
  • 1.58%Noncurrent loans to loans
  • 2.14%Net loans and leases to deposits
  • 72.40%Net loans and leases to core deposits
  • 86.67%Equity capital to assets
  • 11.42%Core capital (leverage) ratio
  • 10.20%Tier 1 risk-based capital ratio
  • 15.81%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $114,029Average earning assets
  • $12,155Average equity
  • $107,371Average loans

List of branches

  • 2 Mississippi Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04023Bank Of Okolona227 West Main Street, Okolona, MS 38860January 31, 1931Full Service Brick and Mortar
    1474215Houston Branch321 West Madison Street, Houston, MS 38851May 05, 2008Full Service Brick and Mortar

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