Bank of Wiggins in city_name, state_name - Detailed Financial Reports, Location

Bank of Wiggins in Wiggins, Mississippi (MS)
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Bank of Wiggins routing number info

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Bank of Wiggins - Overview

General
FDIC Certificate #: 8250
Status: Active
Federal Reserve ID: 179335
Date Established: December 04, 1916
WWW: http://www.bankofwiggins.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 5260
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: Commercial Lending Specialization
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
Location
Address: 109 West Pine Avenue, Wiggins, MS 39577
County: Stone
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
Combined Statistical Area (CSA): Gulfport-Biloxi-Pascagoula, MS (#274)
Core Based Statistical Area (CBSA): Gulfport-Biloxi, MS (#25060)
CBSA Metro Statistical Area: Gulfport-Biloxi, MS (#25060)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $193.3 mil
Equity capital: $26.3 mil
Deposits held in domestic offices: $164.7 mil
Return on assets (ROA): 0.88% ($1.7 mil)
Quarterly return on assets: 0.33% ($0.6 mil)
Return on Equity (ROE): 6.61% ($1.7 mil)
Quarterly return on equity: 2.41% ($0.6 mil)
Net income: $1.7 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 1.12% ($2,164.9 mil)
Quarterly Pretax return on assets: 0.55% ($1,063.1 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
46Total employees (full-time equivalent)
$193,298Total assets
$7,307Cash and due from depository institutions
$3,425Interest-bearing balances
$60,638Securities
$125Federal funds sold & reverse repurchase agreements
$112,494Net loans & leases
$1,625Loan loss allowance
$0Trading account assets
$3,786Bank premises and fixed assets
$3,228Other real estate owned
$0Goodwill and other intangibles
$193,298Life insurance assets
$5,720All other assets
$167,017Total liabilities and capital
$164,699Total liabilities
$136,385Total deposits
$164,699Interest-bearing deposits
$90Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$2,318Subordinated debt
$26,281All other liabilities
$26,281Total equity capital
$26,281Total bank equity capital
$0Perpetual preferred stock
$560Common stock
$22,123Surplus
$3,598Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,551Income earned, not collected on loans
$0Earning assets
$1,176Long-term assets (5+ years)
$176,682Average Assets, year-to-date
$65,612Average Assets, quarterly
$192,655Volatile liabilities
$194,280Insider loans
$122,032FHLB advances
$192,769Loans and leases held for sale
$3,435Unused loan commitments
$3,435Tier 1 (core) risk-based capital
$25,866Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$3,271Restructured Loans and leases
$2,117Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$9,862Total interest income
$3,619Total interest expense
$6,243Net interest income
$910Provision for loan and lease losses
$1,921Total noninterest income
$0Fiduciary activities
$1,356Service charges on deposit accounts
$0Trading account gains & fees
$565Additional noninterest income
$5,088Total noninterest expense
$2,820Salaries and employee benefits
$526Premises and equipment expense
$1,742Additional noninterest expense
$2,166Pre-tax net operating income
$0Securities gains (losses)
$465Applicable income taxes
$1,701Income before extraordinary items
$0Extraordinary gains - net
$1,701Net income attributable to bank
$0Net charge-offs
$1,701Cash dividends
$910Sale, conversion, retirement of capital stock, net
$952Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.55%Yield on earning assets
2.04%Cost of funding earning assets
3.51%Net interest margin
1.08%Noninterest income to earning assets
2.86%Noninterest expense to earning assets
0.88%Net operating income to assets
0.88%Return on assets (ROA)
1.12%Pretax return on assets
6.61%Return on equity (ROE)
2.91%Retained earnings to average equity (YTD only)
0.79%Net charge-offs to loans
100.00%Credit loss provision to net charge-offs
3.38%Efficiency ratio
62,322Assets per employee
4.20%Cash dividends to net income (YTD only)
Condition Ratios (%)
55.97%Loss allowance to loans
1.42%Loss allowance to noncurrent loans
104.77%Noncurrent assets plus other real estate owned to assets
2.47%Noncurrent loans to loans
1.36%Net loans and leases to deposits
68.30%Net loans and leases to core deposits
76.80%Equity capital to assets
13.60%Core capital (leverage) ratio
13.42%Tier 1 risk-based capital ratio
21.20%Total risk-based capital ratio
Memoranda
$22Average assets
$192,655Average earning assets
$25,719Average equity
$177,820Average loans

Total Fiduciary and Related Assets (December 31, 2008)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$78Managed Assets
1Number of Accounts
$78Personal trust and agency accounts
$78Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
1Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

3 Mississippi Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	5260	Bank Of Wiggins	109 West Pine Avenue, Wiggins, MS 39577	December 04, 1916	Full Service Brick and Mortar
2	361383	Mchenry Branch	481-A Highway 49, Mc Henry, MS 39561	April 01, 2001	Limited Service Facility
3	529959	Wiggins Branch	1115 Frontage Drive East, Wiggins, MS 39577	December 12, 2011	Full Service Brick and Mortar

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

Bank of Wiggins - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2008)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

Bank of Wiggins - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2008)

List of branches

Comment about this bank, ask questions, or add new information about it:

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