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

This bank is inactive as of October 01, 1994

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

  • General
  • FDIC Certificate #: 10591
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: First Security Bank (#17120)
    Federal Reserve ID: 975247
    Date Established: January 01, 1876
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 6789
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 01, 1994
    Last Structure Change Process Date: October 19, 1994
    Last Data Update: September 26, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 20 South Main Street, Sardis, MS 38666
    County: Panola
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Memphis
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $28.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $12Total assets
  • $29,906Cash and due from depository institutions
  • $1,536Interest-bearing balances
  • $0Securities
  • $21,432Federal funds sold & reverse repurchase agreements
  • $4,400Net loans & leases
  • $2,169Loan loss allowance
  • $150Trading account assets
  • $0Bank premises and fixed assets
  • $71Other real estate owned
  • $0Goodwill and other intangibles
  • $298Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $29,906Total liabilities
  • $25,415Total deposits
  • $25,264Interest-bearing deposits
  • $22,614Deposits held in domestic offices
  • 25264.00%% insured (estimated)
  • $86Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $151Total equity capital
  • $151Total bank equity capital
  • $4,491Perpetual preferred stock
  • $0Common stock
  • $280Surplus
  • $2,750Undivided profits
  • Memoranda
  • $1,461Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $38Income earned, not collected on loans
  • $23Earning assets
  • $28,001Long-term assets (5+ years)
  • $5,997Average Assets, year-to-date
  • $30,162Average Assets, quarterly
  • $29,871Volatile liabilities
  • $7,074Insider loans
  • $200FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,491Total risk weighted assets
  • $5,490Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,855Total interest expense
  • $738Net interest income
  • $1,117Provision for loan and lease losses
  • $0Total noninterest income
  • $112Fiduciary activities
  • $0Service charges on deposit accounts
  • $75Trading account gains & fees
  • $0Additional noninterest income
  • $37Total noninterest expense
  • $709Salaries and employee benefits
  • $462Premises and equipment expense
  • $70Additional noninterest expense
  • $177Pre-tax net operating income
  • $520Securities gains (losses)
  • $33Applicable income taxes
  • $175Income before extraordinary items
  • $378Extraordinary gains - net
  • $0Net income attributable to bank
  • $378Net charge-offs
  • $0Cash dividends
  • $56Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.57%Cost of funding earning assets
  • 2.62%Net interest margin
  • 3.96%Noninterest income to earning assets
  • 0.40%Noninterest expense to earning assets
  • 2.51%Net operating income to assets
  • 1.18%Return on assets (ROA)
  • 1.25%Pretax return on assets
  • 1.83%Return on equity (ROE)
  • 8.67%Retained earnings to average equity (YTD only)
  • 7.38%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 57,689Assets per employee
  • 2.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 14.81%Loss allowance to loans
  • 6.47%Loss allowance to noncurrent loans
  • 394.74%Noncurrent assets plus other real estate owned to assets
  • 0.13%Noncurrent loans to loans
  • 1.64%Net loans and leases to deposits
  • 8.59%Net loans and leases to core deposits
  • 11.92%Equity capital to assets
  • 15.02%Core capital (leverage) ratio
  • 14.89%Tier 1 risk-based capital ratio
  • 81.81%Total risk-based capital ratio
  • Memoranda
  • $83Average assets
  • $30,162Average earning assets
  • $4,362Average equity
  • $28,219Average loans

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