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

This bank is inactive as of August 31, 1994

  • Grant Federal Savings Bank in Sheridan, Arkansas (AR)
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Grant Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 31808
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Citizens First Bank (#33495)
    Federal Reserve ID: 55877
    Date Established: January 01, 1975
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 7491
    FDIC's unique #: 44642
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: April 21, 1976
    Last Structure Change Effective Date: August 31, 1994
    Last Structure Change Process Date: October 31, 1994
    Last Data Update: October 31, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 120 South Oak, 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: $41.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $21Total assets
  • $39,311Cash and due from depository institutions
  • $8,776Interest-bearing balances
  • $8,382Securities
  • $155Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $28,749Loan loss allowance
  • $402Trading account assets
  • $0Bank premises and fixed assets
  • $455Other real estate owned
  • $371Goodwill and other intangibles
  • $805Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $39,311Total liabilities
  • $36,694Total deposits
  • $36,543Interest-bearing deposits
  • $35,476Deposits held in domestic offices
  • 36543.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3Subordinated debt
  • $0All other liabilities
  • $148Total equity capital
  • $148Total bank equity capital
  • $2,617Perpetual preferred stock
  • $585Common stock
  • $83Surplus
  • $478Undivided profits
  • Memoranda
  • $1,471Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $395Income earned, not collected on loans
  • $193Earning assets
  • $37,286Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $39,419Average Assets, quarterly
  • $39,273Volatile liabilities
  • $260Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,470Total risk weighted assets
  • $20,912Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,083Total interest expense
  • $1,311Net interest income
  • $1,772Provision for loan and lease losses
  • $12Total noninterest income
  • $437Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $437Total noninterest expense
  • $1,246Salaries and employee benefits
  • $559Premises and equipment expense
  • $165Additional noninterest expense
  • $522Pre-tax net operating income
  • $951Securities gains (losses)
  • $10Applicable income taxes
  • $380Income before extraordinary items
  • $581Extraordinary gains - net
  • $0Net income attributable to bank
  • $581Net charge-offs
  • $3Cash dividends
  • $116Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.26%Cost of funding earning assets
  • 3.51%Net interest margin
  • 4.75%Noninterest income to earning assets
  • 1.17%Noninterest expense to earning assets
  • 3.34%Net operating income to assets
  • 1.46%Return on assets (ROA)
  • 1.47%Pretax return on assets
  • 2.44%Return on equity (ROE)
  • 24.31%Retained earnings to average equity (YTD only)
  • 19.45%Net charge-offs to loans
  • 0.01%Credit loss provision to net charge-offs
  • 400.00%Efficiency ratio
  • 56,406Assets per employee
  • 1.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 19.97%Loss allowance to loans
  • 1.38%Loss allowance to noncurrent loans
  • 101.77%Noncurrent assets plus other real estate owned to assets
  • 1.95%Noncurrent loans to loans
  • 1.36%Net loans and leases to deposits
  • 78.67%Net loans and leases to core deposits
  • 79.23%Equity capital to assets
  • 6.66%Core capital (leverage) ratio
  • 6.31%Tier 1 risk-based capital ratio
  • 11.81%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $39,419Average earning assets
  • $2,390Average equity
  • $37,337Average loans

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