FDIC Certificate #: 851 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:MidSouth Bank, N. A. (#2777) Federal Reserve ID: 356930 Date Established: January 01, 1906 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 537 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: January 01, 2003 Last Structure Change Process Date: April 29, 2003 Last Data Update: April 29, 2003 Data Source Date: April 05, 2012
Location
Address: 242 East Barbour Street, Eufaula, AL 36027 County: Barbour Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Montgomery Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Core Based Statistical Area (CBSA): Eufaula, AL-GA (#21640) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $96.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
28Total employees (full-time equivalent)
$96,885Total assets
$12,299Cash and due from depository institutions
$3,001Interest-bearing balances
$47,194Securities
$4,114Federal funds sold & reverse repurchase agreements
$31,865Net loans & leases
$828Loan loss allowance
$0Trading account assets
$293Bank premises and fixed assets
$151Other real estate owned
$58Goodwill and other intangibles
$0Life insurance assets
$911All other assets
$96,885Total liabilities and capital
$86,886Total liabilities
$86,471Total deposits
$79,731Interest-bearing deposits
$86,471Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$415All other liabilities
$9,999Total equity capital
$9,999Total bank equity capital
$9,999Perpetual preferred stock
$0Common stock
$4Surplus
$1,921Undivided profits
Memoranda
$8,074Noncurrent loans and leases
$4,920Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$611Average Assets, year-to-date
$86,174Average Assets, quarterly
$28,600Volatile liabilities
$87,371Insider loans
$91,725FHLB advances
$9,575Loans and leases held for sale
$51Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$4,920Total unused commitments
$0Restructured Loans and leases
$614Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$4,146Total interest income
$1,528Total interest expense
$2,618Net interest income
$94Provision for loan and lease losses
$585Total noninterest income
$0Fiduciary activities
$461Service charges on deposit accounts
$0Trading account gains & fees
$124Additional noninterest income
$1,853Total noninterest expense
$1,106Salaries and employee benefits
$215Premises and equipment expense
$532Additional noninterest expense
$1,256Pre-tax net operating income
$77Securities gains (losses)
$93Applicable income taxes
$1,240Income before extraordinary items
$0Extraordinary gains - net
$1,240Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$13Sale, conversion, retirement of capital stock, net
$744Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.16%Yield on earning assets
1.90%Cost of funding earning assets
3.26%Net interest margin
0.73%Noninterest income to earning assets
2.31%Noninterest expense to earning assets
1.34%Net operating income to assets
1.42%Return on assets (ROA)
1.53%Pretax return on assets
13.07%Return on equity (ROE)
5.23%Retained earnings to average equity (YTD only)
0.04%Net charge-offs to loans
723.08%Credit loss provision to net charge-offs
103.85%Efficiency ratio
57,290Assets per employee
3.46%Cash dividends to net income (YTD only)
Condition Ratios (%)
60.00%Loss allowance to loans
2.53%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.00%Net loans and leases to deposits
36.85%Net loans and leases to core deposits
41.44%Equity capital to assets
10.32%Core capital (leverage) ratio
10.49%Tier 1 risk-based capital ratio
19.48%Total risk-based capital ratio
Memoranda
$21Average assets
$87,371Average earning assets
$9,488Average equity
$80,303Average loans
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