Cross County Bank in Wynne, Arkansas (AR)



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Cross County Bank
GeneralFDIC Certificate #: 13821
Status: Active
Federal Reserve ID: 989347
Bank Holding Company (Regulatory Top Holder): Cross County Bancshares, Inc. (RSSDID: 1131611, Location: Wynne, AR)
Date Established: June 04, 1891
WWW: http://www.crosscountybank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 5 (Domestic: 5, Interstate: No)
FDIC's unique #: 8640
Numeric code: 13
Regulator: FED
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: Febuary 01, 1934
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
LocationAddress: 1 Cross County Plaza, Wynne, AR 72396
County: Cross
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Memphis
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Western
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $173.2 mil
Equity capital: $21.0 mil
Deposits held in domestic offices: $151.1 mil
Return on assets (ROA): 0.63% ($1.1 mil)
Quarterly return on assets: 0.42% ($0.7 mil)
Return on Equity (ROE): 5.09% ($1.1 mil)
Quarterly return on equity: 3.56% ($0.7 mil)
Net income: $1.1 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.84% ($1,454.6 mil)
Quarterly Pretax return on assets: 0.51% ($883.2 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)
Total employees (full-time equivalent)59
Total assets$173,170
Cash and due from depository institutions$9,014
Interest-bearing balances$2,491
Securities$19,583
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$129,519
Loan loss allowance $2,406
Trading account assets$0
Bank premises and fixed assets$4,974
Other real estate owned$5,590
Goodwill and other intangibles$0
All other assets$4,490
Life insurance assets$173,170
Total liabilities and capital$152,193
Total liabilities$151,060
Total deposits$121,277
Interest-bearing deposits$151,060
Deposits held in domestic offices$92
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$848
Other borrowed funds $0
Subordinated debt $285
All other liabilities $20,977
Total equity capital$20,977
Total bank equity capital$20,977
Perpetual preferred stock$0
Common stock$100
Surplus$4,900
Undivided profits $15,977
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $899
Earning assets $134
Long-term assets (5+ years) $1,433
Average Assets, year-to-date $151,593
Average Assets, quarterly $28,330
Volatile liabilities $170,886
Insider loans $177,941
FHLB advances $128,668
Loans and leases held for sale $178,026
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $20,966
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $14,779
Derivatives$5,159
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,487
Total interest expense $1,487
Net interest income $7,000
Provision for loan and lease losses $1,270
Total noninterest income $686
Fiduciary activities $18
Service charges on deposit accounts $931
Trading account gains & fees $0
Additional noninterest income -$263
Total noninterest expense $4,985
Salaries and employee benefits $2,600
Premises and equipment expense $855
Additional noninterest expense $1,530
Pre-tax net operating income $1,431
Securities gains (losses) -$3
Applicable income taxes $356
Income before extraordinary items $1,072
Extraordinary gains - net $0
Net income attributable to bank $1,072
Net charge-offs $0
Cash dividends $1,072
Sale, conversion, retirement of capital stock, net $621
Net operating income $734
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.60%
Cost of funding earning assets 0.98%
Net interest margin 4.62%
Noninterest income to earning assets 0.45%
Noninterest expense to earning assets 3.29%
Net operating income to assets 0.63%
Return on assets (ROA) 0.63%
Pretax return on assets 0.84%
Return on equity (ROE) 5.09%
Retained earnings to average equity (YTD only) 1.61%
Net charge-offs to loans 0.49%
Credit loss provision to net charge-offs 204.51%
Efficiency ratio4.35%
Assets per employee$64,858
Cash dividends to net income (YTD only)2.94%
Condition Ratios (%)
Loss allowance to loans 68.47%
Loss allowance to noncurrent loans 1.82%
Noncurrent assets plus other real estate owned to assets 267.63%
Noncurrent loans to loans 3.75%
Net loans and leases to deposits0.68%
Net loans and leases to core deposits 85.74%
Equity capital to assets 90.23%
Core capital (leverage) ratio 12.11%
Tier 1 risk-based capital ratio 11.78%
Total risk-based capital ratio 16.29%
Memoranda
Average assets$18
Average earning assets$170,886
Average equity $21,043
Average loans $151,648
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$8,563
Number of Accounts1
Personal trust and agency accounts$6,405
Employee benefit-defined contribution accounts$3,014
Employee benefit-defined benefit accounts$3,391
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts63
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$2,158
Corporate trust and agency accounts$25
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$2,050
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5 Arkansas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
08640Cross County Bank1 Cross County Plaza, Wynne, AR 72396June 04, 1891Full Service Brick and Mortar
1230296Hickory Ridge Branch108 Highway 49, Hickory Ridge, AR 72347May 01, 1959Full Service Brick and Mortar
2230297North Branch1798 North Falls Boulevard, Wynne, AR 72396December 09, 1974Full Service Brick and Mortar
3230298Cherry Valley Branch3826 Highway 1, Cherry Valley, AR 72324September 16, 1991Full Service Brick and Mortar
6451475First Commercial Bank Branch900 Enterprise Drive, Jonesboro, AR 72401April 24, 2006Full Service Brick and Mortar
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