Grant County Bank in Sheridan, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1995

Grant County Bank in Sheridan, Arkansas (AR)
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Grant County Bank - Overview

General
FDIC Certificate #: 14841
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Horizon Bank (#80)
Federal Reserve ID: 789743
Date Established: July 01, 1903
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 9288
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: November 01, 1934
Last Structure Change Effective Date: July 01, 1995
Last Structure Change Process Date: July 17, 1995
Last Data Update: July 17, 1995
Data Source Date: April 05, 2012
Location
Address: 101 North Oaks Street, Sheridan, AR 72150
County: Grant
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
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)
Financial Summary
Total assets: $57.9 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)
$28Total assets
$57,661Cash and due from depository institutions
$1,606Interest-bearing balances
$58Securities
$28,754Federal funds sold & reverse repurchase agreements
$250Net loans & leases
$23,949Loan loss allowance
$351Trading account assets
$0Bank premises and fixed assets
$1,048Other real estate owned
$0Goodwill and other intangibles
$644Life insurance assets
$1,410All other assets
$0Total liabilities and capital
$57,661Total liabilities
$52,677Total deposits
$49,294Interest-bearing deposits
$41,631Deposits held in domestic offices
49294.00%% insured (estimated)
$76Federal funds purchased & repurchase agreements
$1,450Trading liabilities
$0Other borrowed funds
$1,250Subordinated debt
$0All other liabilities
$683Total equity capital
$683Total bank equity capital
$4,984Perpetual preferred stock
$0Common stock
$450Surplus
$6,675Undivided profits
Memoranda
$-2,141Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$30Income earned, not collected on loans
$138Earning assets
$53,011Long-term assets (5+ years)
$11,034Average Assets, year-to-date
$54,821Average Assets, quarterly
$57,861Volatile liabilities
$9,451Insider loans
$852FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,826Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,117Total risk weighted assets
$26,919Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$3,447Total interest expense
$1,404Net interest income
$2,043Provision for loan and lease losses
$130Total noninterest income
$349Fiduciary activities
$0Service charges on deposit accounts
$269Trading account gains & fees
$0Additional noninterest income
$80Total noninterest expense
$1,500Salaries and employee benefits
$673Premises and equipment expense
$223Additional noninterest expense
$604Pre-tax net operating income
$762Securities gains (losses)
$0Applicable income taxes
$188Income before extraordinary items
$574Extraordinary gains - net
$0Net income attributable to bank
$574Net charge-offs
$17Cash dividends
$2,173Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.77%Cost of funding earning assets
2.76%Net interest margin
4.01%Noninterest income to earning assets
0.69%Noninterest expense to earning assets
2.94%Net operating income to assets
1.05%Return on assets (ROA)
1.05%Pretax return on assets
1.39%Return on equity (ROE)
11.10%Retained earnings to average equity (YTD only)
-30.93%Net charge-offs to loans
0.08%Credit loss provision to net charge-offs
764.71%Efficiency ratio
56,062Assets per employee
2.06%Cash dividends to net income (YTD only)
Condition Ratios (%)
378.57%Loss allowance to loans
1.44%Loss allowance to noncurrent loans
1170.00%Noncurrent assets plus other real estate owned to assets
0.05%Noncurrent loans to loans
0.12%Net loans and leases to deposits
48.58%Net loans and leases to core deposits
58.00%Equity capital to assets
8.64%Core capital (leverage) ratio
7.25%Tier 1 risk-based capital ratio
15.29%Total risk-based capital ratio
Memoranda
$17Average assets
$54,821Average earning assets
$5,170Average equity
$50,935Average loans

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