Covington County Bank in Collins, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Covington County Bank in Collins, Mississippi (MS)
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Covington County Bank - Overview

  • General
  • FDIC Certificate #: 21998
    Status: Active
    Federal Reserve ID: 697035
    Bank Holding Company (Regulatory Top Holder): Covington Capital Corporation (RSSDID: 2228590, Location: Collins, MS)
    Date Established: May 01, 1975
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 15257
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural Specialization
    Date of Deposit Insurance: May 01, 1975
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 102 S Dogwood Ave, Collins, MS 39428
    County: Covington
    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
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $55.9 mil
    Equity capital: $6.1 mil
    Deposits held in domestic offices: $49.1 mil
    Return on assets (ROA): 0.19% ($0.1 mil)
    Quarterly return on assets: 0.51% ($0.3 mil)
    Return on Equity (ROE): 1.70% ($0.1 mil)
    Quarterly return on equity: 4.56% ($0.3 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.24% ($134.2 mil)
    Quarterly Pretax return on assets: 0.63% ($352.3 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, 2011)

  • Dollar figures in thousands
  • 16Total employees (full-time equivalent)
  • $55,922Total assets
  • $1,922Cash and due from depository institutions
  • $0Interest-bearing balances
  • $19,036Securities
  • $3,225Federal funds sold & reverse repurchase agreements
  • $29,667Net loans & leases
  • $212Loan loss allowance
  • $0Trading account assets
  • $441Bank premises and fixed assets
  • $222Other real estate owned
  • $0Goodwill and other intangibles
  • $55,922Life insurance assets
  • $1,409All other assets
  • $49,811Total liabilities and capital
  • $49,150Total liabilities
  • $33,488Total deposits
  • $49,150Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $473Trading liabilities
  • $0Other borrowed funds
  • $188Subordinated debt
  • $6,111All other liabilities
  • $6,111Total equity capital
  • $6,111Total bank equity capital
  • $0Perpetual preferred stock
  • $563Common stock
  • $5,883Surplus
  • $-335Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $579Income earned, not collected on loans
  • $54Earning assets
  • $356Long-term assets (5+ years)
  • $51,928Average Assets, year-to-date
  • $5,967Average Assets, quarterly
  • $55,504Volatile liabilities
  • $55,040Insider loans
  • $46,420FHLB advances
  • $53,771Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,459Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,756Restructured Loans and leases
  • $61Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,399Total interest income
  • $427Total interest expense
  • $1,972Net interest income
  • $0Provision for loan and lease losses
  • $427Total noninterest income
  • $0Fiduciary activities
  • $335Service charges on deposit accounts
  • $0Trading account gains & fees
  • $92Additional noninterest income
  • $1,837Total noninterest expense
  • $852Salaries and employee benefits
  • $280Premises and equipment expense
  • $705Additional noninterest expense
  • $562Pre-tax net operating income
  • -$431Securities gains (losses)
  • $27Applicable income taxes
  • $104Income before extraordinary items
  • $0Extraordinary gains - net
  • $104Net income attributable to bank
  • $0Net charge-offs
  • $104Cash dividends
  • $91Sale, conversion, retirement of capital stock, net
  • $205Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.65%Yield on earning assets
  • 0.83%Cost of funding earning assets
  • 3.82%Net interest margin
  • 0.83%Noninterest income to earning assets
  • 3.56%Noninterest expense to earning assets
  • 0.80%Net operating income to assets
  • 0.19%Return on assets (ROA)
  • 0.24%Pretax return on assets
  • 1.70%Return on equity (ROE)
  • -1.65%Retained earnings to average equity (YTD only)
  • 0.33%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 6.18%Efficiency ratio
  • 76,574Assets per employee
  • 3.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 197.12%Loss allowance to loans
  • 0.71%Loss allowance to noncurrent loans
  • 36.61%Noncurrent assets plus other real estate owned to assets
  • 2.48%Noncurrent loans to loans
  • 1.94%Net loans and leases to deposits
  • 60.36%Net loans and leases to core deposits
  • 61.47%Equity capital to assets
  • 10.93%Core capital (leverage) ratio
  • 12.01%Tier 1 risk-based capital ratio
  • 13.91%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $55,504Average earning assets
  • $6,126Average equity
  • $51,595Average loans

List of branches

  • 1 Mississippi Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015257Covington County Bank102 S Dogwood Ave, Collins, MS 39428May 01, 1975Full Service Brick and Mortar

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