Charter Bank in Biloxi, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Charter Bank in Biloxi, Mississippi (MS)
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Charter Bank - Overview

  • General
  • FDIC Certificate #: 58776
    Status: Active
    Federal Reserve ID: 3715800
    Date Established: March 11, 2008
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 467663
    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: March 11, 2008
    Last Structure Change Effective Date: March 11, 2008
    Last Structure Change Process Date: July 06, 2010
    Last Data Update: July 06, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 1721 Medical Park Drive, Suite 103, Biloxi, MS 39531
    County: Harrison
    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
    Metropolitan Statistical Area (MSA): Biloxi-Gulfport-Pascagoula, MS (#920)
    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
  • New Institution
    Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $99.5 mil
    Equity capital: $11.5 mil
    Deposits held in domestic offices: $85.2 mil
    Return on assets (ROA): 0.14% ($0.1 mil)
    Quarterly return on assets: 0.37% ($0.4 mil)
    Return on Equity (ROE): 1.20% ($0.1 mil)
    Quarterly return on equity: 3.14% ($0.3 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.17% ($169.2 mil)
    Quarterly Pretax return on assets: 0.40% ($398.2 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
  • 26Total employees (full-time equivalent)
  • $99,543Total assets
  • $4,462Cash and due from depository institutions
  • $1Interest-bearing balances
  • $17,286Securities
  • $575Federal funds sold & reverse repurchase agreements
  • $70,361Net loans & leases
  • $1,360Loan loss allowance
  • $0Trading account assets
  • $5,587Bank premises and fixed assets
  • $199Other real estate owned
  • $0Goodwill and other intangibles
  • $99,543Life insurance assets
  • $1,073All other assets
  • $88,082Total liabilities and capital
  • $85,173Total liabilities
  • $76,202Total deposits
  • $85,173Interest-bearing deposits
  • $82Deposits held in domestic offices
  • 2500.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $409Subordinated debt
  • $11,461All other liabilities
  • $11,461Total equity capital
  • $11,461Total bank equity capital
  • $0Perpetual preferred stock
  • $1,689Common stock
  • $15,317Surplus
  • $-5,545Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $436Income earned, not collected on loans
  • $0Earning assets
  • $351Long-term assets (5+ years)
  • $88,223Average Assets, year-to-date
  • $18,678Average Assets, quarterly
  • $94,875Volatile liabilities
  • $97,984Insider loans
  • $75,422FHLB advances
  • $97,102Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,434Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,075Restructured Loans and leases
  • $4,238Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,502Total interest income
  • $1,049Total interest expense
  • $3,453Net interest income
  • $23Provision for loan and lease losses
  • $196Total noninterest income
  • $0Fiduciary activities
  • $100Service charges on deposit accounts
  • $0Trading account gains & fees
  • $96Additional noninterest income
  • $3,488Total noninterest expense
  • $1,816Salaries and employee benefits
  • $607Premises and equipment expense
  • $1,065Additional noninterest expense
  • $138Pre-tax net operating income
  • $24Securities gains (losses)
  • $28Applicable income taxes
  • $134Income before extraordinary items
  • $0Extraordinary gains - net
  • $134Net income attributable to bank
  • $0Net charge-offs
  • $134Cash dividends
  • $210Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.28%Yield on earning assets
  • 1.23%Cost of funding earning assets
  • 4.05%Net interest margin
  • 0.23%Noninterest income to earning assets
  • 4.09%Noninterest expense to earning assets
  • 0.12%Net operating income to assets
  • 0.14%Return on assets (ROA)
  • 0.17%Pretax return on assets
  • 1.20%Return on equity (ROE)
  • 1.20%Retained earnings to average equity (YTD only)
  • 0.30%Net charge-offs to loans
  • 10.95%Credit loss provision to net charge-offs
  • 0.77%Efficiency ratio
  • 95,588Assets per employee
  • 3.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.90%Loss allowance to noncurrent loans
  • 311.93%Noncurrent assets plus other real estate owned to assets
  • 0.64%Noncurrent loans to loans
  • 0.61%Net loans and leases to deposits
  • 82.61%Net loans and leases to core deposits
  • 99.88%Equity capital to assets
  • 11.51%Core capital (leverage) ratio
  • 11.78%Tier 1 risk-based capital ratio
  • 15.16%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $94,875Average earning assets
  • $11,196Average equity
  • $85,235Average loans

List of branches

  • 4 Mississippi Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0467663Charter Bank1721 Medical Park Drive, Suite 103, Biloxi, MS 39531March 11, 2008Full Service Brick and Mortar
    1493023Pascagoula Branch1519 Jackson Ave, Pascagoula, MS 39567March 11, 2008Full Service Brick and Mortar
    2499524Ocean Springs Branch2206 Bienville Boulevard, Ocean Springs, MS 39564December 09, 2009Full Service Brick and Mortar
    3511140Orange Grove/Gulfport Branch12008 Highway 49, Gulfport, MS 39503August 02, 2010Full Service Brick and Mortar

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