FDIC Certificate #: 27403 Status: Inactive Closing history: Corrections Acquiring institution:BancorpSouth Bank (#11813) Federal Reserve ID: 1355583 Date Established: December 22, 1988 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 7 (Interstate: No) OTS Docket #: 12738 FDIC's unique #: 39872 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: December 22, 1988 Last Structure Change Effective Date: October 30, 1998 Last Structure Change Process Date: Febuary 05, 1999 Last Data Update: Febuary 05, 1999 Data Source Date: April 05, 2012
Location
Address: 2211 Highland Avenue South, Birmingham, AL 35205 County: Jefferson Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Shelby Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Birmingham, AL (#1000) Combined Statistical Area (CSA): Birmingham-Hoover-Cullman, AL (#142) Core Based Statistical Area (CBSA): Birmingham-Hoover, AL (#13820) CBSA Metro Statistical Area: Birmingham-Hoover, AL (#13820)
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $205.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
67Total employees (full-time equivalent)
$212,466Total assets
$10,050Cash and due from depository institutions
$0Interest-bearing balances
$49,443Securities
$9,296Federal funds sold & reverse repurchase agreements
$136,951Net loans & leases
$1,059Loan loss allowance
$0Trading account assets
$4,360Bank premises and fixed assets
$84Other real estate owned
$704Goodwill and other intangibles
$0Life insurance assets
$1,578All other assets
$212,466Total liabilities and capital
$198,314Total liabilities
$190,751Total deposits
$158,231Interest-bearing deposits
$190,751Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,617Other borrowed funds
$0Subordinated debt
$946All other liabilities
$14,152Total equity capital
$14,152Total bank equity capital
$14,152Perpetual preferred stock
$3Common stock
$128Surplus
$13,794Undivided profits
Memoranda
$227Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$264Earning assets
$0Long-term assets (5+ years)
$777Average Assets, year-to-date
$195,690Average Assets, quarterly
$24,647Volatile liabilities
$193,271Insider loans
$206,101FHLB advances
$40,402Loans and leases held for sale
$3,241Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$15,590Total unused commitments
$0Restructured Loans and leases
$143,087Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$14,223Total interest income
$6,987Total interest expense
$7,236Net interest income
$165Provision for loan and lease losses
$1,083Total noninterest income
$0Fiduciary activities
$929Service charges on deposit accounts
$0Trading account gains & fees
$154Additional noninterest income
$5,515Total noninterest expense
$2,110Salaries and employee benefits
$678Premises and equipment expense
$2,727Additional noninterest expense
$2,639Pre-tax net operating income
$15Securities gains (losses)
$1,000Applicable income taxes
$1,654Income before extraordinary items
$0Extraordinary gains - net
$1,654Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$43Sale, conversion, retirement of capital stock, net
$1,200Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.00%Yield on earning assets
3.93%Cost of funding earning assets
4.07%Net interest margin
0.61%Noninterest income to earning assets
3.10%Noninterest expense to earning assets
0.85%Net operating income to assets
0.86%Return on assets (ROA)
1.37%Pretax return on assets
11.71%Return on equity (ROE)
3.21%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
383.72%Credit loss provision to net charge-offs
65.21%Efficiency ratio
65,573Assets per employee
3.17%Cash dividends to net income (YTD only)
Condition Ratios (%)
72.55%Loss allowance to loans
0.77%Loss allowance to noncurrent loans
401.14%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.19%Net loans and leases to deposits
71.80%Net loans and leases to core deposits
90.12%Equity capital to assets
6.66%Core capital (leverage) ratio
6.58%Tier 1 risk-based capital ratio
9.36%Total risk-based capital ratio
Memoranda
$10Average assets
$193,271Average earning assets
$14,123Average equity
$177,759Average loans
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