Eastover Bank for Savings in Jackson, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 01, 1993

  • Eastover Bank for Savings in Jackson, Mississippi (MS)
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Eastover Bank for Savings - Overview

  • General
  • FDIC Certificate #: 31888
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Union Planters Bank of Mississippi (#12442)
    Federal Reserve ID: 909475
    Date Established: January 01, 1957
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 7571
    FDIC's unique #: 44722
    Numeric code: 35
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 11, 1977
    Last Structure Change Effective Date: March 01, 1993
    Last Structure Change Process Date: March 11, 1993
    Last Data Update: September 17, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 656 North State Street, Jackson, MS 39201
    County: Hinds
    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): Jackson, MS (#3560)
    Combined Statistical Area (CSA): Jackson-Yazoo City, MS (#298)
    Core Based Statistical Area (CBSA): Jackson, MS (#27140)
    CBSA Metro Statistical Area: Jackson, MS (#27140)
  • History of Changes
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $449.8 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $307Total assets
  • $449,767Cash and due from depository institutions
  • $29,700Interest-bearing balances
  • $11,845Securities
  • $127,196Federal funds sold & reverse repurchase agreements
  • $125Net loans & leases
  • $262,126Loan loss allowance
  • $11,247Trading account assets
  • $0Bank premises and fixed assets
  • $6,769Other real estate owned
  • $7,333Goodwill and other intangibles
  • $14,825Life insurance assets
  • $1,693All other assets
  • $0Total liabilities and capital
  • $449,767Total liabilities
  • $425,419Total deposits
  • $410,546Interest-bearing deposits
  • $365,375Deposits held in domestic offices
  • 410546.00%% insured (estimated)
  • $98Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $10,483Subordinated debt
  • $0All other liabilities
  • $4,390Total equity capital
  • $4,390Total bank equity capital
  • $24,348Perpetual preferred stock
  • $0Common stock
  • $2,903Surplus
  • $30,464Undivided profits
  • Memoranda
  • $-9,019Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,177Income earned, not collected on loans
  • $1,889Earning assets
  • $401,292Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $478,252Average Assets, quarterly
  • $458,159Volatile liabilities
  • $54,481Insider loans
  • $0FHLB advances
  • $9,964Loans and leases held for sale
  • $0Unused loan commitments
  • $14,144Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $24,250Total risk weighted assets
  • $254,383Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $35,264Total interest expense
  • $18,252Net interest income
  • $17,012Provision for loan and lease losses
  • $5,486Total noninterest income
  • $7,434Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $7,434Total noninterest expense
  • $19,713Salaries and employee benefits
  • $8,377Premises and equipment expense
  • $4,620Additional noninterest expense
  • $6,716Pre-tax net operating income
  • -$753Securities gains (losses)
  • $37Applicable income taxes
  • $119Income before extraordinary items
  • -$835Extraordinary gains - net
  • -$120Net income attributable to bank
  • -$955Net charge-offs
  • $2,597Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.38%Cost of funding earning assets
  • 4.34%Net interest margin
  • 4.05%Noninterest income to earning assets
  • 1.77%Noninterest expense to earning assets
  • 4.69%Net operating income to assets
  • -0.18%Return on assets (ROA)
  • -0.20%Pretax return on assets
  • -0.17%Return on equity (ROE)
  • -3.83%Retained earnings to average equity (YTD only)
  • -3.83%Net charge-offs to loans
  • 0.87%Credit loss provision to net charge-offs
  • 211.24%Efficiency ratio
  • 79,817Assets per employee
  • 1.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.11%Loss allowance to noncurrent loans
  • 269.26%Noncurrent assets plus other real estate owned to assets
  • 2.42%Noncurrent loans to loans
  • 1.53%Net loans and leases to deposits
  • 63.85%Net loans and leases to core deposits
  • 71.51%Equity capital to assets
  • 5.41%Core capital (leverage) ratio
  • 5.41%Tier 1 risk-based capital ratio
  • 9.53%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $478,252Average earning assets
  • $24,905Average equity
  • $420,565Average loans

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