BankPlus SSB in Meridian, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 13, 1996

  • BankPlus SSB in Meridian, Mississippi (MS)
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BankPlus SSB - Overview

  • General
  • FDIC Certificate #: 30781
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: BankPlus (#5903)
    Federal Reserve ID: 558976
    Date Established: June 09, 1955
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 5908
    FDIC's unique #: 43615
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 09, 1955
    Last Structure Change Effective Date: December 13, 1996
    Last Structure Change Process Date: January 16, 1997
    Last Data Update: January 21, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 2303 8th Street, Meridian, MS 39301
    County: Lauderdale
    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
    Core Based Statistical Area (CBSA): Meridian, MS (#32940)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $80.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $19Total assets
  • $73,387Cash and due from depository institutions
  • $486Interest-bearing balances
  • $105Securities
  • $41,982Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $29,598Loan loss allowance
  • $203Trading account assets
  • $0Bank premises and fixed assets
  • $571Other real estate owned
  • $0Goodwill and other intangibles
  • $750Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $73,387Total liabilities
  • $65,095Total deposits
  • $56,032Interest-bearing deposits
  • $55,393Deposits held in domestic offices
  • 56032.00%% insured (estimated)
  • $86Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $8,418Subordinated debt
  • $0All other liabilities
  • $645Total equity capital
  • $645Total bank equity capital
  • $8,292Perpetual preferred stock
  • $0Common stock
  • $5Surplus
  • $2,695Undivided profits
  • Memoranda
  • $5,592Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $210Income earned, not collected on loans
  • $171Earning assets
  • $71,685Long-term assets (5+ years)
  • $30,607Average Assets, year-to-date
  • $74,802Average Assets, quarterly
  • $73,012Volatile liabilities
  • $14,318Insider loans
  • $812FHLB advances
  • $0Loans and leases held for sale
  • $273Unused loan commitments
  • $6,174Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $7,828Total risk weighted assets
  • $24,695Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $5,725Total interest expense
  • $3,272Net interest income
  • $2,453Provision for loan and lease losses
  • $30Total noninterest income
  • $190Fiduciary activities
  • $0Service charges on deposit accounts
  • $11Trading account gains & fees
  • $0Additional noninterest income
  • $179Total noninterest expense
  • $1,263Salaries and employee benefits
  • $632Premises and equipment expense
  • $74Additional noninterest expense
  • $557Pre-tax net operating income
  • $1,350Securities gains (losses)
  • $58Applicable income taxes
  • $483Income before extraordinary items
  • $925Extraordinary gains - net
  • $0Net income attributable to bank
  • $925Net charge-offs
  • $3Cash dividends
  • $810Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.83%Cost of funding earning assets
  • 4.47%Net interest margin
  • 3.35%Noninterest income to earning assets
  • 0.26%Noninterest expense to earning assets
  • 1.73%Net operating income to assets
  • 1.19%Return on assets (ROA)
  • 1.24%Pretax return on assets
  • 1.88%Return on equity (ROE)
  • 12.01%Retained earnings to average equity (YTD only)
  • 1.49%Net charge-offs to loans
  • 0.01%Credit loss provision to net charge-offs
  • 1000.00%Efficiency ratio
  • 47,787Assets per employee
  • 3.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 87.57%Loss allowance to loans
  • 0.68%Loss allowance to noncurrent loans
  • 96.67%Noncurrent assets plus other real estate owned to assets
  • 0.29%Noncurrent loans to loans
  • 0.70%Net loans and leases to deposits
  • 52.82%Net loans and leases to core deposits
  • 70.70%Equity capital to assets
  • 11.30%Core capital (leverage) ratio
  • 10.78%Tier 1 risk-based capital ratio
  • 31.70%Total risk-based capital ratio
  • Memoranda
  • $33Average assets
  • $74,802Average earning assets
  • $7,699Average equity
  • $73,162Average loans

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