First State Bank in Lonoke, Arkansas (AR)



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First State Bank
GeneralFDIC Certificate #: 15050
Status: Active
Federal Reserve ID: 10849
Bank Holding Company (Regulatory Top Holder): Lonoke Bancshares, Inc. (RSSDID: 1491614, Location: Lonoke, AR)
Date Established: March 18, 1935
WWW: http://www.firststatebk.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Domestic: 7, Interstate: No)
OTS Docket #: 9924
FDIC's unique #: 9437
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: March 18, 1935
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
LocationAddress: 101 South Center Street, Lonoke, AR 72086
County: Lonoke
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
Metropolitan Statistical Area (MSA): Little Rock-North Little Rock, AR (#4400)
Combined Statistical Area (CSA): Little Rock-North Little Rock-Pine Bluff, AR (#340)
Core Based Statistical Area (CBSA): Little Rock-North Little Rock-Conway, AR (#30780)
CBSA Metro Statistical Area: Little Rock-North Little Rock-Conway, AR (#30780)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $267.7 mil
Equity capital: $26.3 mil
Deposits held in domestic offices: $232.1 mil
Return on assets (ROA): 0.18% ($0.5 mil)
Quarterly return on assets: 0.33% ($0.9 mil)
Return on Equity (ROE): 2.09% ($0.5 mil)
Quarterly return on equity: 3.49% ($0.9 mil)
Net income: $0.5 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.18% ($481.8 mil)
Quarterly Pretax return on assets: 0.33% ($883.3 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)60
Total assets$267,652
Cash and due from depository institutions$35,152
Interest-bearing balances$31,705
Securities$18,412
Federal funds sold & reverse repurchase agreements$10,369
Net loans & leases$172,675
Loan loss allowance $2,955
Trading account assets$0
Bank premises and fixed assets$3,530
Other real estate owned$20,466
Goodwill and other intangibles$694
All other assets$6,354
Life insurance assets$267,652
Total liabilities and capital$241,325
Total liabilities$232,064
Total deposits$187,576
Interest-bearing deposits$232,064
Deposits held in domestic offices$96
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$8,285
Other borrowed funds $0
Subordinated debt $976
All other liabilities $26,327
Total equity capital$26,327
Total bank equity capital$26,327
Perpetual preferred stock$0
Common stock$16
Surplus$15,375
Undivided profits $10,936
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,711
Earning assets $0
Long-term assets (5+ years) $875
Average Assets, year-to-date $233,161
Average Assets, quarterly $16,702
Volatile liabilities $268,445
Insider loans $261,926
FHLB advances $185,761
Loans and leases held for sale $262,226
Unused loan commitments $1,007
Tier 1 (core) risk-based capital $1,007
Tier 2 risk-based capital $25,606
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $11,569
Derivatives$3,100
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,941
Total interest expense $2,525
Net interest income $8,416
Provision for loan and lease losses $925
Total noninterest income $399
Fiduciary activities $0
Service charges on deposit accounts $340
Trading account gains & fees $0
Additional noninterest income $59
Total noninterest expense $8,283
Salaries and employee benefits $3,704
Premises and equipment expense $1,544
Additional noninterest expense $3,035
Pre-tax net operating income -$393
Securities gains (losses) $887
Applicable income taxes $0
Income before extraordinary items $494
Extraordinary gains - net $0
Net income attributable to bank $494
Net charge-offs $0
Cash dividends $494
Sale, conversion, retirement of capital stock, net $2,459
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.64%
Cost of funding earning assets 1.07%
Net interest margin 3.57%
Noninterest income to earning assets 0.17%
Noninterest expense to earning assets 3.51%
Net operating income to assets -0.15%
Return on assets (ROA) 0.18%
Pretax return on assets 0.18%
Return on equity (ROE) 2.09%
Retained earnings to average equity (YTD only) 2.09%
Net charge-offs to loans 1.29%
Credit loss provision to net charge-offs 37.62%
Efficiency ratio0.22%
Assets per employee$93,965
Cash dividends to net income (YTD only)4.46%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.68%
Noncurrent assets plus other real estate owned to assets 172.71%
Noncurrent loans to loans 8.29%
Net loans and leases to deposits0.97%
Net loans and leases to core deposits 74.41%
Equity capital to assets 77.62%
Core capital (leverage) ratio 9.84%
Tier 1 risk-based capital ratio 9.76%
Total risk-based capital ratio 13.78%
Memoranda
Average assets$15
Average earning assets$268,445
Average equity $23,659
Average loans $235,899
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7 Arkansas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
09437First State Bank101 South Center Street, Lonoke, AR 72086March 18, 1935Full Service Brick and Mortar
1233141Lonoke Branch110 West Front Street, Lonoke, AR 72086June 01, 1989Limited Service Facility
2233142Carlisle Branch213 North Court, Carlisle, AR 72024August 27, 1997Full Service Brick and Mortar
3357881Gurdon Branch100 East Main Street, Gurdon, AR 71743July 28, 2000Full Service Brick and Mortar
4362011Joyce Boulevard Branch2125 East Joyce Boulevard, Fayetteville, AR 72703September 10, 2001Full Service Brick and Mortar
5462800Springdale Branch1022 Jones Road, Springdale, AR 72762May 03, 2007Full Service Brick and Mortar
6463797Heber Springs Branch1450 Southridge Boulevard, Heber Springs, AR 72543June 13, 2007Full Service Brick and Mortar
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