Bank of Walnut Grove in Walnut Grove, Mississippi (MS)



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Bank of Walnut Grove routing number info

Table of contents:
Bank of Walnut Grove
GeneralFDIC Certificate #: 8558
Status: Active
Federal Reserve ID: 116639
Date Established: January 01, 1923
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 5464
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: 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: 101 Chadwick Ave, Walnut Grove, MS 39189
County: Leake
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 ChangesChange in Location
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $48.5 mil
Equity capital: $7.0 mil
Deposits held in domestic offices: $41.5 mil
Return on assets (ROA): 1.02% ($0.5 mil)
Quarterly return on assets: 0.62% ($0.3 mil)
Return on Equity (ROE): 7.20% ($0.5 mil)
Quarterly return on equity: 4.31% ($0.3 mil)
Net income: $0.5 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 1.06% ($514.6 mil)
Quarterly Pretax return on assets: 0.67% ($325.3 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)
Total employees (full-time equivalent)13
Total assets$48,549
Cash and due from depository institutions$11,098
Interest-bearing balances$2,430
Securities$5,848
Federal funds sold & reverse repurchase agreements$5,400
Net loans & leases$24,719
Loan loss allowance $580
Trading account assets$0
Bank premises and fixed assets$182
Other real estate owned$25
Goodwill and other intangibles$0
All other assets$1,277
Life insurance assets$48,549
Total liabilities and capital$41,583
Total liabilities$41,479
Total deposits$33,979
Interest-bearing deposits$41,479
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $104
All other liabilities $6,966
Total equity capital$6,966
Total bank equity capital$6,966
Perpetual preferred stock$0
Common stock$90
Surplus$6,200
Undivided profits $676
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 $0
Earning assets $0
Long-term assets (5+ years) $195
Average Assets, year-to-date $38,397
Average Assets, quarterly $15,058
Volatile liabilities $49,037
Insider loans $49,120
FHLB advances $26,243
Loans and leases held for sale $49,352
Unused loan commitments $996
Tier 1 (core) risk-based capital $996
Tier 2 risk-based capital $6,966
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $77
Derivatives$0
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,139
Total interest expense $406
Net interest income $1,733
Provision for loan and lease losses $15
Total noninterest income $355
Fiduciary activities $0
Service charges on deposit accounts $190
Trading account gains & fees $0
Additional noninterest income $165
Total noninterest expense $1,555
Salaries and employee benefits $1,016
Premises and equipment expense $163
Additional noninterest expense $376
Pre-tax net operating income $518
Securities gains (losses) $0
Applicable income taxes $20
Income before extraordinary items $498
Extraordinary gains - net $0
Net income attributable to bank $498
Net charge-offs $0
Cash dividends $498
Sale, conversion, retirement of capital stock, net $15
Net operating income $243
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.60%
Cost of funding earning assets 1.06%
Net interest margin 4.54%
Noninterest income to earning assets 0.93%
Noninterest expense to earning assets 4.07%
Net operating income to assets 1.02%
Return on assets (ROA) 1.02%
Pretax return on assets 1.06%
Return on equity (ROE) 7.20%
Retained earnings to average equity (YTD only) 3.68%
Net charge-offs to loans 0.06%
Credit loss provision to net charge-offs 100.00%
Efficiency ratio35.53%
Assets per employee$74,473
Cash dividends to net income (YTD only)3.73%
Condition Ratios (%)
Loss allowance to loans 48.80%
Loss allowance to noncurrent loans 2.29%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.05%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 59.59%
Equity capital to assets 62.76%
Core capital (leverage) ratio 14.35%
Tier 1 risk-based capital ratio 14.11%
Total risk-based capital ratio 26.54%
Memoranda
Average assets$28
Average earning assets$49,037
Average equity $6,921
Average loans $38,170
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1 Mississippi Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
05464Bank Of Walnut Grove101 Chadwick Ave, Walnut Grove, MS 39189January 01, 1923Full Service Brick and Mortar
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