First Federal Bank for Savings in Starkville, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 01, 1995

First Federal Bank for Savings in Starkville, Mississippi (MS)
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First Federal Bank for Savings - Overview

General
FDIC Certificate #: 28906
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: BancorpSouth Bank (#11813)
Federal Reserve ID: 47872
Date Established: April 01, 1934
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 2598
FDIC's unique #: 41740
Numeric code: 38
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: December 14, 1934
Last Structure Change Effective Date: August 01, 1995
Last Structure Change Process Date: September 19, 1995
Last Data Update: September 19, 1995
Data Source Date: April 05, 2012
Location
Address: 310 Main, Starkville, MS 39759
County: Oktibbeha
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): Starkville, MS (#44260)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $25.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$9Total assets
$25,292Cash and due from depository institutions
$957Interest-bearing balances
$779Securities
$9,599Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$14,015Loan loss allowance
$100Trading account assets
$0Bank premises and fixed assets
$231Other real estate owned
$0Goodwill and other intangibles
$490Life insurance assets
$0All other assets
$0Total liabilities and capital
$25,292Total liabilities
$22,514Total deposits
$22,452Interest-bearing deposits
$22,150Deposits held in domestic offices
22452.00%% insured (estimated)
$100Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$62Total equity capital
$62Total bank equity capital
$2,778Perpetual preferred stock
$0Common stock
$157Surplus
$1,239Undivided profits
Memoranda
$1,382Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2Income earned, not collected on loans
$84Earning assets
$24,393Long-term assets (5+ years)
$0Average Assets, year-to-date
$25,434Average Assets, quarterly
$25,305Volatile liabilities
$797Insider loans
$173FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$410Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,778Total risk weighted assets
$10,570Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$1,606Total interest expense
$772Net interest income
$834Provision for loan and lease losses
$10Total noninterest income
$213Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$213Total noninterest expense
$689Salaries and employee benefits
$337Premises and equipment expense
$161Additional noninterest expense
$191Pre-tax net operating income
$348Securities gains (losses)
$0Applicable income taxes
$116Income before extraordinary items
$232Extraordinary gains - net
$0Net income attributable to bank
$232Net charge-offs
$10Cash dividends
$39Sale, conversion, retirement of capital stock, net
-$1Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.61%Cost of funding earning assets
3.18%Net interest margin
3.43%Noninterest income to earning assets
0.88%Noninterest expense to earning assets
2.83%Net operating income to assets
0.91%Return on assets (ROA)
0.91%Pretax return on assets
1.37%Return on equity (ROE)
8.63%Retained earnings to average equity (YTD only)
7.18%Net charge-offs to loans
0.07%Credit loss provision to net charge-offs
100.00%Efficiency ratio
65,807Assets per employee
2.81%Cash dividends to net income (YTD only)
Condition Ratios (%)
16.81%Loss allowance to loans
0.71%Loss allowance to noncurrent loans
5000.00%Noncurrent assets plus other real estate owned to assets
0.01%Noncurrent loans to loans
0.01%Net loans and leases to deposits
62.42%Net loans and leases to core deposits
64.72%Equity capital to assets
10.98%Core capital (leverage) ratio
10.98%Tier 1 risk-based capital ratio
26.28%Total risk-based capital ratio
Memoranda
$27Average assets
$25,434Average earning assets
$2,689Average equity
$24,313Average loans

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