DeSoto County Bank in Horn Lake, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • DeSoto County Bank in Horn Lake, Mississippi (MS)
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DeSoto County Bank - Overview

  • General
  • FDIC Certificate #: 58154
    Status: Active
    Federal Reserve ID: 3388370
    Date Established: January 23, 2006
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 440768
    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: January 23, 2006
    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: 6040 Highway 51 North, Horn Lake, MS 38637
    County: Desoto
    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: West
    Metropolitan Statistical Area (MSA): Memphis, TN-AR-MS (#4920)
    Core Based Statistical Area (CBSA): Memphis, TN-MS-AR (#32820)
    CBSA Metro Statistical Area: Memphis, TN-MS-AR (#32820)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $74.8 mil
    Equity capital: $10.4 mil
    Deposits held in domestic offices: $61.2 mil
    Return on assets (ROA): 0.19% ($0.1 mil)
    Quarterly return on assets: 0.91% ($0.7 mil)
    Return on Equity (ROE): 1.44% ($0.1 mil)
    Quarterly return on equity: 6.74% ($0.7 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.26% ($194.5 mil)
    Quarterly Pretax return on assets: 0.99% ($740.7 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
  • 19Total employees (full-time equivalent)
  • $74,822Total assets
  • $2,443Cash and due from depository institutions
  • $568Interest-bearing balances
  • $7,387Securities
  • $1,003Federal funds sold & reverse repurchase agreements
  • $59,386Net loans & leases
  • $1,212Loan loss allowance
  • $0Trading account assets
  • $1,609Bank premises and fixed assets
  • $2,073Other real estate owned
  • $0Goodwill and other intangibles
  • $74,822Life insurance assets
  • $921All other assets
  • $64,432Total liabilities and capital
  • $61,243Total liabilities
  • $56,406Total deposits
  • $61,243Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,900Trading liabilities
  • $0Other borrowed funds
  • $289Subordinated debt
  • $10,390All other liabilities
  • $10,390Total equity capital
  • $10,390Total bank equity capital
  • $2,715Perpetual preferred stock
  • $1,018Common stock
  • $9,583Surplus
  • $-2,926Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,139Income earned, not collected on loans
  • $91Earning assets
  • $333Long-term assets (5+ years)
  • $68,344Average Assets, year-to-date
  • $6,129Average Assets, quarterly
  • $77,901Volatile liabilities
  • $76,132Insider loans
  • $56,418FHLB advances
  • $76,252Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,418Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,308Restructured Loans and leases
  • $2,919Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,343Total interest income
  • $950Total interest expense
  • $3,393Net interest income
  • $628Provision for loan and lease losses
  • $185Total noninterest income
  • $0Fiduciary activities
  • $135Service charges on deposit accounts
  • $0Trading account gains & fees
  • $50Additional noninterest income
  • $2,736Total noninterest expense
  • $1,287Salaries and employee benefits
  • $394Premises and equipment expense
  • $1,055Additional noninterest expense
  • $214Pre-tax net operating income
  • -$8Securities gains (losses)
  • $57Applicable income taxes
  • $149Income before extraordinary items
  • $0Extraordinary gains - net
  • $149Net income attributable to bank
  • $0Net charge-offs
  • $149Cash dividends
  • $711Sale, conversion, retirement of capital stock, net
  • $131Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.01%Yield on earning assets
  • 1.31%Cost of funding earning assets
  • 4.69%Net interest margin
  • 0.26%Noninterest income to earning assets
  • 3.78%Noninterest expense to earning assets
  • 0.20%Net operating income to assets
  • 0.19%Return on assets (ROA)
  • 0.26%Pretax return on assets
  • 1.44%Return on equity (ROE)
  • 0.17%Retained earnings to average equity (YTD only)
  • 1.10%Net charge-offs to loans
  • 88.33%Credit loss provision to net charge-offs
  • 1.18%Efficiency ratio
  • 76,467Assets per employee
  • 3.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 87.92%Loss allowance to loans
  • 2.00%Loss allowance to noncurrent loans
  • 106.41%Noncurrent assets plus other real estate owned to assets
  • 4.57%Noncurrent loans to loans
  • 1.88%Net loans and leases to deposits
  • 96.97%Net loans and leases to core deposits
  • 115.92%Equity capital to assets
  • 13.89%Core capital (leverage) ratio
  • 13.66%Tier 1 risk-based capital ratio
  • 18.47%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $77,901Average earning assets
  • $10,323Average equity
  • $72,298Average loans

List of branches

  • 2 Mississippi Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0440768Desoto County Bank6040 Highway 51 North, Horn Lake, MS 38637January 23, 2006Full Service Brick and Mortar
    1513828Southaven Branch5740 Getwell Road, Southaven, MS 38672October 12, 2010Full Service Brick and Mortar

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