Grand Bank for Savings, FSB in Hattiesburg, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Grand Bank for Savings, FSB in Hattiesburg, Mississippi (MS)
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Grand Bank for Savings, FSB - Overview

  • General
  • FDIC Certificate #: 31864
    Status: Active
    Federal Reserve ID: 68671
    Date Established: January 01, 1968
    WWW: http://www.grandbankfsb.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 7547
    FDIC's unique #: 44698
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: April 13, 1977
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 204 Westover Drive, Hattiesburg, MS 39402
    County: Lamar
    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): Hattiesburg, MS (#3285)
    Core Based Statistical Area (CBSA): Hattiesburg, MS (#25620)
    CBSA Metro Statistical Area: Hattiesburg, MS (#25620)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $126.2 mil
    Equity capital: $12.0 mil
    Deposits held in domestic offices: $114.0 mil
    Return on assets (ROA): 0.22% ($0.3 mil)
    Quarterly return on assets: -0.68% (-$0.9 mil)
    Return on Equity (ROE): 2.47% ($0.3 mil)
    Quarterly return on equity: -7.18% (-$0.9 mil)
    Net income: $0.3 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: 0.22% ($277.6 mil)
    Quarterly Pretax return on assets: -0.68% (-$858.1 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
  • 65Total employees (full-time equivalent)
  • $126,196Total assets
  • $28,105Cash and due from depository institutions
  • $27,385Interest-bearing balances
  • $2Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $88,837Net loans & leases
  • $842Loan loss allowance
  • $0Trading account assets
  • $3,745Bank premises and fixed assets
  • $3,604Other real estate owned
  • $0Goodwill and other intangibles
  • $126,196Life insurance assets
  • $1,903All other assets
  • $114,167Total liabilities and capital
  • $113,977Total liabilities
  • $109,691Total deposits
  • $113,977Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $190Subordinated debt
  • $12,029All other liabilities
  • $12,029Total equity capital
  • $12,029Total bank equity capital
  • $0Perpetual preferred stock
  • $324Common stock
  • $5,372Surplus
  • $6,333Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,936Income earned, not collected on loans
  • $0Earning assets
  • $631Long-term assets (5+ years)
  • $116,224Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $136,731Volatile liabilities
  • $128,859Insider loans
  • $66,909FHLB advances
  • $126,196Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,029Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,207Restructured Loans and leases
  • $17Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,105Total interest income
  • $1,780Total interest expense
  • $6,325Net interest income
  • $953Provision for loan and lease losses
  • $2,029Total noninterest income
  • $0Fiduciary activities
  • $4Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,025Additional noninterest income
  • $7,097Total noninterest expense
  • $4,426Salaries and employee benefits
  • $1,223Premises and equipment expense
  • $1,448Additional noninterest expense
  • $304Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $304Income before extraordinary items
  • $0Extraordinary gains - net
  • $304Net income attributable to bank
  • $0Net charge-offs
  • $304Cash dividends
  • $596Sale, conversion, retirement of capital stock, net
  • $626Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.37%Yield on earning assets
  • 1.40%Cost of funding earning assets
  • 4.97%Net interest margin
  • 1.59%Noninterest income to earning assets
  • 5.58%Noninterest expense to earning assets
  • 0.22%Net operating income to assets
  • 0.22%Return on assets (ROA)
  • 0.22%Pretax return on assets
  • 2.47%Return on equity (ROE)
  • -2.62%Retained earnings to average equity (YTD only)
  • 0.63%Net charge-offs to loans
  • 159.90%Credit loss provision to net charge-offs
  • 2.11%Efficiency ratio
  • 84,953Assets per employee
  • 1.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 205.92%Loss allowance to loans
  • 0.94%Loss allowance to noncurrent loans
  • 17.06%Noncurrent assets plus other real estate owned to assets
  • 6.46%Noncurrent loans to loans
  • 5.50%Net loans and leases to deposits
  • 77.94%Net loans and leases to core deposits
  • 85.15%Equity capital to assets
  • 9.53%Core capital (leverage) ratio
  • 9.53%Tier 1 risk-based capital ratio
  • 17.98%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $136,731Average earning assets
  • $12,311Average equity
  • $127,215Average loans

List of branches

  • 3 Mississippi Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    044698Grand Bank For Savings, Fsb204 Westover Drive, Hattiesburg, MS 39402January 01, 1968Full Service Brick and Mortar
    1455429226 Highway 42 East226 Highway 42 East, Petal, MS 39465March 01, 2006Full Service Brick and Mortar
    2492466Hattiesburg Branch2801 Lincoln Road, Hattiesburg, MS 39401September 01, 2007Full Service Brick and Mortar

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