FDIC Certificate #: 18831 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Merchants and Farmers Bank (#9361) Federal Reserve ID: 669845 Date Established: July 18, 1963 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) OTS Docket #: 9856 FDIC's unique #: 12687 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes Oakar Institutions: Yes State Chartered: No Date of Deposit Insurance: July 18, 1963 Last Structure Change Effective Date: December 31, 1998 Last Structure Change Process Date: Febuary 12, 1999 Last Data Update: Febuary 12, 1999 Data Source Date: April 05, 2012
Location
Address: 308 East Sunflower Road, Cleveland, MS 38732 County: Bolivar 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): Cleveland, MS (#17380) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $39.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
15Total employees (full-time equivalent)
$40,044Total assets
$2,876Cash and due from depository institutions
$0Interest-bearing balances
$18,718Securities
$1,500Federal funds sold & reverse repurchase agreements
$15,604Net loans & leases
$145Loan loss allowance
$0Trading account assets
$596Bank premises and fixed assets
$0Other real estate owned
$252Goodwill and other intangibles
$0Life insurance assets
$498All other assets
$40,044Total liabilities and capital
$36,890Total liabilities
$33,263Total deposits
$27,960Interest-bearing deposits
$33,263Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,187Other borrowed funds
$0Subordinated debt
$440All other liabilities
$3,154Total equity capital
$3,154Total bank equity capital
$3,154Perpetual preferred stock
$0Common stock
$300Surplus
$2,400Undivided profits
Memoranda
$454Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$182Average Assets, year-to-date
$35,822Average Assets, quarterly
$17,354Volatile liabilities
$39,779Insider loans
$41,265FHLB advances
$8,526Loans and leases held for sale
$1,598Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,173Total unused commitments
$0Restructured Loans and leases
$18,286Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$2,639Total interest income
$1,454Total interest expense
$1,185Net interest income
$12Provision for loan and lease losses
$255Total noninterest income
$0Fiduciary activities
$166Service charges on deposit accounts
$0Trading account gains & fees
$89Additional noninterest income
$1,073Total noninterest expense
$572Salaries and employee benefits
$167Premises and equipment expense
$334Additional noninterest expense
$355Pre-tax net operating income
$24Securities gains (losses)
$93Applicable income taxes
$286Income before extraordinary items
$0Extraordinary gains - net
$286Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2Sale, conversion, retirement of capital stock, net
$99Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.26%Yield on earning assets
4.00%Cost of funding earning assets
3.26%Net interest margin
0.70%Noninterest income to earning assets
2.95%Noninterest expense to earning assets
0.67%Net operating income to assets
0.72%Return on assets (ROA)
0.95%Pretax return on assets
9.59%Return on equity (ROE)
6.27%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
600.00%Credit loss provision to net charge-offs
183.50%Efficiency ratio
71,667Assets per employee
2.67%Cash dividends to net income (YTD only)
Condition Ratios (%)
34.62%Loss allowance to loans
0.92%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
46.91%Net loans and leases to core deposits
63.08%Equity capital to assets
7.88%Core capital (leverage) ratio
7.11%Tier 1 risk-based capital ratio
15.56%Total risk-based capital ratio
Memoranda
$16Average assets
$39,779Average earning assets
$2,983Average equity
$36,355Average loans
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