FDIC Certificate #: 35352 Status: Inactive Closing history: Office Sold Acquiring institution:Home Banking Company (#9196) Federal Reserve ID: 2841047 Date Established: November 01, 1999 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 78813 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: November 01, 1999 Last Structure Change Effective Date: July 07, 2008 Last Structure Change Process Date: July 15, 2008 Last Data Update: July 15, 2008 Data Source Date: April 05, 2012
Location
Address: 302 22nd Avenue, 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
Office Sold
Financial Summary
Total assets: $145.6 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2007)
Dollar figures in thousands
33Total employees (full-time equivalent)
$144,707Total assets
$7,232Cash and due from depository institutions
$413Interest-bearing balances
$22,375Securities
$8,493Federal funds sold & reverse repurchase agreements
$97,726Net loans & leases
$1,004Loan loss allowance
$0Trading account assets
$4,837Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$770Life insurance assets
$4,044All other assets
$144,707Total liabilities and capital
$133,569Total liabilities
$129,458Total deposits
$112,829Interest-bearing deposits
$129,458Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,388Other borrowed funds
$0Subordinated debt
$723All other liabilities
$11,138Total equity capital
$11,138Total bank equity capital
$11,138Perpetual preferred stock
$0Common stock
$2,557Surplus
$5,632Undivided profits
Memoranda
$2,949Noncurrent loans and leases
$8,393Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$152Earning assets
$0Long-term assets (5+ years)
$769Average Assets, year-to-date
$129,007Average Assets, quarterly
$5,669Volatile liabilities
$142,583Insider loans
$143,242FHLB advances
$33,490Loans and leases held for sale
$5,285Unused loan commitments
$3,388Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,393Total unused commitments
$0Restructured Loans and leases
$1,004Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$9,148Total interest income
$4,342Total interest expense
$4,806Net interest income
$187Provision for loan and lease losses
$684Total noninterest income
$0Fiduciary activities
$367Service charges on deposit accounts
$0Trading account gains & fees
$317Additional noninterest income
$3,659Total noninterest expense
$1,685Salaries and employee benefits
$421Premises and equipment expense
$1,553Additional noninterest expense
$1,644Pre-tax net operating income
$1Securities gains (losses)
$577Applicable income taxes
$1,068Income before extraordinary items
$0Extraordinary gains - net
$1,068Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$132Sale, conversion, retirement of capital stock, net
$1,250Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.12%Yield on earning assets
3.38%Cost of funding earning assets
3.74%Net interest margin
0.53%Noninterest income to earning assets
2.85%Noninterest expense to earning assets
0.75%Net operating income to assets
0.75%Return on assets (ROA)
1.15%Pretax return on assets
9.99%Return on equity (ROE)
-1.70%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
141.67%Credit loss provision to net charge-offs
13.87%Efficiency ratio
66,648Assets per employee
4.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
117.04%Loss allowance to loans
1.02%Loss allowance to noncurrent loans
660.53%Noncurrent assets plus other real estate owned to assets
0.11%Noncurrent loans to loans
0.15%Net loans and leases to deposits
75.49%Net loans and leases to core deposits
101.83%Equity capital to assets
7.70%Core capital (leverage) ratio
7.78%Tier 1 risk-based capital ratio
11.07%Total risk-based capital ratio
Memoranda
$12Average assets
$142,583Average earning assets
$10,687Average equity
$128,419Average loans
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