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

Bank of Wiggins - Overview

  • General
  • FDIC Certificate #: 8250
    Status: Active
    Federal Reserve ID: 179335
    Date Established: December 04, 1916
    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
  • NoIDNameAddressEstablishedService TypeMap
    05260Bank Of Wiggins109 West Pine Avenue, Wiggins, MS 39577December 04, 1916Full Service Brick and Mortar
    2361383Mchenry Branch481-A Highway 49, Mc Henry, MS 39561April 01, 2001Limited Service Facility
    3529959Wiggins Branch1115 Frontage Drive East, Wiggins, MS 39577December 12, 2011Full Service Brick and Mortar

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