First National Bank in Mount Ida, Arkansas (AR)

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First National Bank
GeneralFDIC Certificate #: 13593
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First National Bank (#22391)
Federal Reserve ID: 94447
Date Established: May 01, 1904
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Interstate: No)
OTS Docket #: 9855
FDIC's unique #: 8499
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: April 23, 2005
Last Structure Change Process Date: May 25, 2005
Last Data Update: May 25, 2005
Data Source Date: April 05, 2012
LocationAddress: George Street, Mount Ida, AR 71957
County: Montgomery
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Little Rock
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Western
Financial SummaryTotal assets: $75.9 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, 2004)
(Dollar figures in thousands)
Total employees (full-time equivalent)19
Total assets$74,384
Cash and due from depository institutions$3,999
Interest-bearing balances$2,427
Federal funds sold & reverse repurchase agreements$5,575
Net loans & leases$41,562
Loan loss allowance $709
Trading account assets$0
Bank premises and fixed assets$293
Other real estate owned$26
Goodwill and other intangibles$0
All other assets$1,221
Life insurance assets$0
Total liabilities and capital$74,384
Total liabilities$65,645
Total deposits$59,316
Interest-bearing deposits$48,258
Deposits held in domestic offices$59,316
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $6,224
Subordinated debt $0
All other liabilities $105
Total equity capital$8,739
Total bank equity capital$8,739
Perpetual preferred stock$8,739
Common stock$0
Undivided profits $1,400
Noncurrent loans and leases $7,239
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $6,534
Income earned, not collected on loans $0
Earning assets $0
Long-term assets (5+ years) $0
Average Assets, year-to-date $382
Average Assets, quarterly $71,272
Volatile liabilities $6,464
Insider loans $76,689
FHLB advances $75,319
Loans and leases held for sale $11,606
Unused loan commitments $1,580
Tier 1 (core) risk-based capital $6,224
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $6,534
Restructured Loans and leases $0
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Income and Expense (December 31, 2004)
(Dollar figures in thousands)
Total interest income $3,663
Total interest expense $988
Net interest income $2,675
Provision for loan and lease losses $6
Total noninterest income $295
Fiduciary activities $0
Service charges on deposit accounts $220
Trading account gains & fees $0
Additional noninterest income $75
Total noninterest expense $1,408
Salaries and employee benefits $738
Premises and equipment expense $127
Additional noninterest expense $543
Pre-tax net operating income $1,556
Securities gains (losses) $0
Applicable income taxes $557
Income before extraordinary items $999
Extraordinary gains - net $0
Net income attributable to bank $999
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $8
Net operating income $875
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Performance and Condition Ratios (December 31, 2004)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.96%
Cost of funding earning assets 1.34%
Net interest margin 3.62%
Noninterest income to earning assets 0.40%
Noninterest expense to earning assets 1.91%
Net operating income to assets 1.30%
Return on assets (ROA) 1.30%
Pretax return on assets 2.03%
Return on equity (ROE) 11.17%
Retained earnings to average equity (YTD only) 1.39%
Net charge-offs to loans 0.02%
Credit loss provision to net charge-offs 75.00%
Efficiency ratio195.25%
Assets per employee$47,407
Cash dividends to net income (YTD only)3.91%
Condition Ratios (%)
Loss allowance to loans 87.59%
Loss allowance to noncurrent loans 1.68%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.03%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 70.07%
Equity capital to assets 87.11%
Core capital (leverage) ratio 11.75%
Tier 1 risk-based capital ratio 11.65%
Total risk-based capital ratio 21.73%
Average assets$23
Average earning assets$76,689
Average equity $8,946
Average loans $73,810
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