Boatmen's National Bank of Newark in Newark, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 15, 1997

Boatmen's National Bank of Newark in Newark, Arkansas (AR)
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Boatmen's National Bank of Newark - Overview

General
FDIC Certificate #: 16203
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank of America, National Association (#15802)
Federal Reserve ID: 562946
Date Established: October 12, 1944
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 10404
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: October 12, 1944
Last Structure Change Effective Date: August 15, 1997
Last Structure Change Process Date: September 02, 1997
Last Data Update: September 02, 1997
Data Source Date: April 05, 2012
Location
Address: Front Street, Newark, AR 72562
County: Independence
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Atlanta
FDIC Field Office: Little Rock
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Western
Core Based Statistical Area (CBSA): Batesville, AR (#12900)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $12.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$5Total assets
$11,560Cash and due from depository institutions
$248Interest-bearing balances
$0Securities
$1,993Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$8,713Loan loss allowance
$150Trading account assets
$0Bank premises and fixed assets
$320Other real estate owned
$0Goodwill and other intangibles
$286Life insurance assets
$0All other assets
$0Total liabilities and capital
$11,560Total liabilities
$10,441Total deposits
$10,314Interest-bearing deposits
$9,121Deposits held in domestic offices
10314.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$127Total equity capital
$127Total bank equity capital
$1,119Perpetual preferred stock
$0Common stock
$100Surplus
$208Undivided profits
Memoranda
$811Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$361Income earned, not collected on loans
$147Earning assets
$10,706Long-term assets (5+ years)
$494Average Assets, year-to-date
$12,394Average Assets, quarterly
$11,923Volatile liabilities
$1,538Insider loans
$219FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,122Total risk weighted assets
$8,478Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$981Total interest expense
$412Net interest income
$569Provision for loan and lease losses
$186Total noninterest income
$175Fiduciary activities
$0Service charges on deposit accounts
$139Trading account gains & fees
$0Additional noninterest income
$36Total noninterest expense
$350Salaries and employee benefits
$120Premises and equipment expense
$41Additional noninterest expense
$189Pre-tax net operating income
$208Securities gains (losses)
$3Applicable income taxes
$64Income before extraordinary items
$147Extraordinary gains - net
$0Net income attributable to bank
$147Net charge-offs
$124Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.61%Cost of funding earning assets
3.62%Net interest margin
5.00%Noninterest income to earning assets
1.54%Noninterest expense to earning assets
3.07%Net operating income to assets
1.17%Return on assets (ROA)
1.19%Pretax return on assets
1.70%Return on equity (ROE)
14.06%Retained earnings to average equity (YTD only)
14.06%Net charge-offs to loans
1.37%Credit loss provision to net charge-offs
150.00%Efficiency ratio
47,043Assets per employee
2.31%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.69%Loss allowance to noncurrent loans
41.55%Noncurrent assets plus other real estate owned to assets
3.12%Noncurrent loans to loans
4.07%Net loans and leases to deposits
84.48%Net loans and leases to core deposits
99.28%Equity capital to assets
9.68%Core capital (leverage) ratio
9.24%Tier 1 risk-based capital ratio
13.23%Total risk-based capital ratio
Memoranda
$14Average assets
$12,394Average earning assets
$1,046Average equity
$11,388Average loans

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