Bank of Salem in Salem, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Salem - Overview

  • General
  • FDIC Certificate #: 11243
    Status: Active
    Federal Reserve ID: 931047
    Bank Holding Company (Regulatory Top Holder): Smith Associated Banking Corporation (RSSDID: 1098004, Location: Hot Springs, AR)
    Date Established: December 09, 1908
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 13507
    FDIC's unique #: 7175
    Numeric code: 13
    Regulator: FED
    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: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 15, 2010
    Last Structure Change Process Date: October 22, 2010
    Last Data Update: October 22, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 207 Church Street, Salem, AR 72576
    County: Fulton
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Little Rock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Change in Primary Regulatory Agency
    Change in Supervisory Agency
    Institution Becomes a Member of FRS (Federal Reserve System)
  • Financial Summary
  • Total assets: $130.1 mil
    Equity capital: $13.9 mil
    Deposits held in domestic offices: $111.4 mil
    Return on assets (ROA): 0.86% ($1.1 mil)
    Quarterly return on assets: 0.87% ($1.1 mil)
    Return on Equity (ROE): 8.12% ($1.1 mil)
    Quarterly return on equity: 8.15% ($1.1 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.02% ($1,326.9 mil)
    Quarterly Pretax return on assets: -0.40% (-$520.3 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
  • 38Total employees (full-time equivalent)
  • $130,087Total assets
  • $5,465Cash and due from depository institutions
  • $3,489Interest-bearing balances
  • $2,921Securities
  • $5,188Federal funds sold & reverse repurchase agreements
  • $105,649Net loans & leases
  • $2,351Loan loss allowance
  • $0Trading account assets
  • $1,792Bank premises and fixed assets
  • $2,274Other real estate owned
  • $0Goodwill and other intangibles
  • $130,087Life insurance assets
  • $6,798All other assets
  • $116,161Total liabilities and capital
  • $111,368Total liabilities
  • $93,966Total deposits
  • $111,368Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,255Trading liabilities
  • $0Other borrowed funds
  • $1,538Subordinated debt
  • $13,926All other liabilities
  • $13,926Total equity capital
  • $13,926Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $1,300Surplus
  • $12,426Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,529Income earned, not collected on loans
  • $0Earning assets
  • $1,650Long-term assets (5+ years)
  • $117,247Average Assets, year-to-date
  • $10,317Average Assets, quarterly
  • $130,162Volatile liabilities
  • $129,890Insider loans
  • $101,865FHLB advances
  • $130,968Loans and leases held for sale
  • $2,396Unused loan commitments
  • $2,396Tier 1 (core) risk-based capital
  • $13,794Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,530Restructured Loans and leases
  • $1,932Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,046Total interest income
  • $1,583Total interest expense
  • $6,463Net interest income
  • $1,980Provision for loan and lease losses
  • $727Total noninterest income
  • $0Fiduciary activities
  • $512Service charges on deposit accounts
  • $0Trading account gains & fees
  • $215Additional noninterest income
  • $3,877Total noninterest expense
  • $2,238Salaries and employee benefits
  • $430Premises and equipment expense
  • $1,209Additional noninterest expense
  • $1,333Pre-tax net operating income
  • $0Securities gains (losses)
  • $214Applicable income taxes
  • $1,119Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,119Net income attributable to bank
  • $0Net charge-offs
  • $1,119Cash dividends
  • $1,380Sale, conversion, retirement of capital stock, net
  • $700Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.80%Yield on earning assets
  • 1.34%Cost of funding earning assets
  • 5.46%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 3.28%Noninterest expense to earning assets
  • 0.86%Net operating income to assets
  • 0.86%Return on assets (ROA)
  • 1.02%Pretax return on assets
  • 8.12%Return on equity (ROE)
  • 3.04%Retained earnings to average equity (YTD only)
  • 1.25%Net charge-offs to loans
  • 143.48%Credit loss provision to net charge-offs
  • 2.40%Efficiency ratio
  • 53,922Assets per employee
  • 3.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 62.56%Loss allowance to loans
  • 2.18%Loss allowance to noncurrent loans
  • 92.96%Noncurrent assets plus other real estate owned to assets
  • 3.69%Noncurrent loans to loans
  • 2.34%Net loans and leases to deposits
  • 94.86%Net loans and leases to core deposits
  • 100.46%Equity capital to assets
  • 10.71%Core capital (leverage) ratio
  • 10.53%Tier 1 risk-based capital ratio
  • 13.54%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $130,162Average earning assets
  • $13,774Average equity
  • $118,316Average loans

List of branches

  • 3 Arkansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07175Bank Of Salem207 Church Street, Salem, AR 72576December 09, 1908Full Service Brick and Mortar
    1224186Viola Branch9338 Hwy 62 West, Viola, AR 72583August 18, 1982Full Service Brick and Mortar
    2429760Mammoth Spring Bank Branch465 W Main Street, Mammoth Spring, AR 72554January 26, 2004Full Service Brick and Mortar

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