Bank of Prescott in Prescott, Arkansas (AR)



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Bank of Prescott
GeneralFDIC Certificate #: 101
Status: Active
Federal Reserve ID: 967943
Bank Holding Company (Regulatory Top Holder): Prescott Bancshares, Inc (RSSDID: 2236586, Location: Prescott, AR)
Date Established: August 10, 1904
WWW: http://www.bankofprescott.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
OTS Docket #: 12621
FDIC's unique #: 81
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: All Other Specialization < 1 Billion
Date of Deposit Insurance: January 01, 1934
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: East 2nd And Main Streets, Prescott, AR 71857
County: Nevada
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Shreveport
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Western
Core Based Statistical Area (CBSA): Hope, AR (#26260)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $73.4 mil
Equity capital: $9.5 mil
Deposits held in domestic offices: $60.3 mil
Return on assets (ROA): 0.88% ($0.6 mil)
Quarterly return on assets: 0.77% ($0.6 mil)
Return on Equity (ROE): 6.78% ($0.7 mil)
Quarterly return on equity: 5.84% ($0.6 mil)
Net income: $0.6 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.28% ($939.9 mil)
Quarterly Pretax return on assets: 1.20% ($881.1 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)21
Total assets$73,427
Cash and due from depository institutions$1,894
Interest-bearing balances$214
Securities$37,022
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$32,400
Loan loss allowance $437
Trading account assets$0
Bank premises and fixed assets$308
Other real estate owned$221
Goodwill and other intangibles$0
All other assets$1,582
Life insurance assets$73,427
Total liabilities and capital$63,914
Total liabilities$60,276
Total deposits$49,105
Interest-bearing deposits$60,276
Deposits held in domestic offices$91
% insured (estimated)400.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,789
Other borrowed funds $0
Subordinated debt $449
All other liabilities $9,513
Total equity capital$9,513
Total bank equity capital$9,513
Perpetual preferred stock$0
Common stock$24
Surplus$1,976
Undivided profits $7,513
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 $648
Earning assets $0
Long-term assets (5+ years) $546
Average Assets, year-to-date $69,636
Average Assets, quarterly $9,856
Volatile liabilities $73,629
Insider loans $73,462
FHLB advances $48,831
Loans and leases held for sale $73,728
Unused loan commitments $265
Tier 1 (core) risk-based capital $265
Tier 2 risk-based capital $9,101
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,723
Derivatives$1,301
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $3,394
Total interest expense $576
Net interest income $2,818
Provision for loan and lease losses $288
Total noninterest income $318
Fiduciary activities $0
Service charges on deposit accounts $193
Trading account gains & fees $0
Additional noninterest income $125
Total noninterest expense $1,889
Salaries and employee benefits $1,151
Premises and equipment expense $211
Additional noninterest expense $527
Pre-tax net operating income $959
Securities gains (losses) -$20
Applicable income taxes $294
Income before extraordinary items $645
Extraordinary gains - net $0
Net income attributable to bank $645
Net charge-offs $0
Cash dividends $645
Sale, conversion, retirement of capital stock, net $225
Net operating income $552
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.86%
Cost of funding earning assets 0.82%
Net interest margin 4.04%
Noninterest income to earning assets 0.46%
Noninterest expense to earning assets 2.71%
Net operating income to assets 0.89%
Return on assets (ROA) 0.88%
Pretax return on assets 1.28%
Return on equity (ROE) 6.78%
Retained earnings to average equity (YTD only) 0.98%
Net charge-offs to loans 0.68%
Credit loss provision to net charge-offs 128.00%
Efficiency ratio5.54%
Assets per employee$60,236
Cash dividends to net income (YTD only)3.50%
Condition Ratios (%)
Loss allowance to loans 85.58%
Loss allowance to noncurrent loans 1.33%
Noncurrent assets plus other real estate owned to assets 67.44%
Noncurrent loans to loans 1.18%
Net loans and leases to deposits1.97%
Net loans and leases to core deposits 53.75%
Equity capital to assets 55.29%
Core capital (leverage) ratio 12.96%
Tier 1 risk-based capital ratio 12.34%
Total risk-based capital ratio 18.64%
Memoranda
Average assets$20
Average earning assets$73,629
Average equity $9,516
Average loans $69,832
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1 Arkansas Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
081Bank Of PrescottEast 2nd And Main Streets, Prescott, AR 71857August 10, 1904Full Service Brick and Mortar
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