Great Southern National Bank in Meridian, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

Great Southern National Bank - Overview

  • General
  • FDIC Certificate #: 8552
    Status: Active
    Federal Reserve ID: 101738
    Bank Holding Company (Regulatory Top Holder): Quitman Management Company, Inc. (RSSDID: 2907260, Location: Meridian, MS)
    Date Established: March 02, 1902
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 15 (Domestic: 15, Interstate: No)
    OTS Docket #: 11309
    FDIC's unique #: 5458
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    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
  • Location
  • Address: 218 22nd Avenue South, Meridian, MS 39301
    County: Lauderdale
    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): Meridian, MS (#32940)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $263.8 mil
    Equity capital: $27.0 mil
    Deposits held in domestic offices: $234.8 mil
    Return on assets (ROA): 1.13% ($3.0 mil)
    Quarterly return on assets: 1.23% ($3.2 mil)
    Return on Equity (ROE): 11.34% ($3.1 mil)
    Quarterly return on equity: 11.98% ($3.2 mil)
    Net income: $3.0 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.63% ($4,300.5 mil)
    Quarterly Pretax return on assets: 1.86% ($4,907.3 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
  • 153Total employees (full-time equivalent)
  • $263,833Total assets
  • $27,642Cash and due from depository institutions
  • $21,523Interest-bearing balances
  • $97,174Securities
  • $1,706Federal funds sold & reverse repurchase agreements
  • $127,142Net loans & leases
  • $1,866Loan loss allowance
  • $0Trading account assets
  • $5,990Bank premises and fixed assets
  • $993Other real estate owned
  • $0Goodwill and other intangibles
  • $263,833Life insurance assets
  • $3,186All other assets
  • $236,805Total liabilities and capital
  • $234,829Total liabilities
  • $188,274Total deposits
  • $234,829Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,976Subordinated debt
  • $27,028All other liabilities
  • $27,028Total equity capital
  • $27,028Total bank equity capital
  • $0Perpetual preferred stock
  • $1,500Common stock
  • $7,550Surplus
  • $17,978Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $236Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,069Income earned, not collected on loans
  • $0Earning assets
  • $992Long-term assets (5+ years)
  • $247,545Average Assets, year-to-date
  • $99,986Average Assets, quarterly
  • $266,897Volatile liabilities
  • $264,784Insider loans
  • $131,874FHLB advances
  • $263,176Loans and leases held for sale
  • $371Unused loan commitments
  • $371Tier 1 (core) risk-based capital
  • $25,443Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,156Restructured Loans and leases
  • $1,618Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,096Total interest income
  • $1,437Total interest expense
  • $13,659Net interest income
  • $494Provision for loan and lease losses
  • $2,698Total noninterest income
  • $0Fiduciary activities
  • $2,077Service charges on deposit accounts
  • $0Trading account gains & fees
  • $621Additional noninterest income
  • $11,500Total noninterest expense
  • $7,532Salaries and employee benefits
  • $1,606Premises and equipment expense
  • $2,362Additional noninterest expense
  • $4,363Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,360Applicable income taxes
  • $3,003Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,003Net income attributable to bank
  • $0Net charge-offs
  • $3,003Cash dividends
  • $561Sale, conversion, retirement of capital stock, net
  • $2,298Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.02%Yield on earning assets
  • 0.57%Cost of funding earning assets
  • 5.45%Net interest margin
  • 1.08%Noninterest income to earning assets
  • 4.59%Noninterest expense to earning assets
  • 1.13%Net operating income to assets
  • 1.13%Return on assets (ROA)
  • 1.63%Pretax return on assets
  • 11.34%Return on equity (ROE)
  • 2.66%Retained earnings to average equity (YTD only)
  • 0.42%Net charge-offs to loans
  • 88.06%Credit loss provision to net charge-offs
  • 8.66%Efficiency ratio
  • 70,306Assets per employee
  • 1.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 76.52%Loss allowance to loans
  • 1.45%Loss allowance to noncurrent loans
  • 174.56%Noncurrent assets plus other real estate owned to assets
  • 0.78%Noncurrent loans to loans
  • 0.83%Net loans and leases to deposits
  • 54.14%Net loans and leases to core deposits
  • 56.10%Equity capital to assets
  • 10.24%Core capital (leverage) ratio
  • 9.67%Tier 1 risk-based capital ratio
  • 19.29%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $266,897Average earning assets
  • $26,484Average equity
  • $250,764Average loans

List of branches

  • 15 Mississippi Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05458Great Southern National Bank218 22nd Avenue South, Meridian, MS 39301March 02, 1902Full Service Brick and Mortar
    1218703Pachuta BranchU.S. Highway 11, Pachuta, MS 39347January 02, 1973Full Service Brick and Mortar
    2218704Enterprise BranchHighway 11 And State Street, Enterprise, MS 39330June 25, 1973Full Service Brick and Mortar
    4218706Meridian North-Branch2441 North Hills Street, Meridian, MS 39305August 22, 1977Full Service Brick and Mortar
    5218707West BranchHighway 11 South And Highway 19, Meridian, MS 39301June 21, 1979Full Service Brick and Mortar
    613421Waynesboro Branch1010 Azalea Drive, Waynesboro, MS 39367August 23, 1966Full Service Brick and Mortar
    716069Quitman Branch116 Archusa Avenue, Quitman, MS 39355October 01, 1979Full Service Brick and Mortar
    1115668Hattiesburg Main Branch1300 Hardy Street, Hattiesburg, MS 39401June 10, 1977Full Service Brick and Mortar
    12254662Northside BranchNorth Main Street At Glendale Road, Hattiesburg, MS 39401September 05, 1978Full Service Brick and Mortar
    13254663University West Branch3902 Hardy Street, Hattiesburg, MS 39401December 05, 1980Full Service Brick and Mortar
    14218708Bank Of Decatur Branch15122 Highway 15 South, Decatur, MS 39327June 27, 1986Full Service Brick and Mortar
    17218711Medical Center Branch1219 22nd Avenue, Meridian, MS 39301November 19, 1990Full Service Brick and Mortar
    18218712East River Branch860 East River Place, Suite 102, Jackson, MS 39205May 05, 1993Limited Service Loan Production
    19218713West Branch6232 U.S. Highway 98, Hattiesburg, MS 39402October 01, 1997Full Service Brick and Mortar
    20218714Bonita Lakes Branch1245 Bonita Lakes Circle, Meridian, MS 39301August 20, 1998Full Service Brick and Mortar

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