Horatio State Bank in Horatio, Arkansas (AR)



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Horatio State Bank
GeneralFDIC Certificate #: 109
Status: Active
Federal Reserve ID: 458142
Bank Holding Company (Regulatory Top Holder): Pioneer Bancshares, Inc. Of Horatio, Ark (RSSDID: 1139091, Location: Horatio, AR)
Date Established: May 05, 1905
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Domestic: 1, Interstate: No)
FDIC's unique #: 88
Numeric code: 21
Regulator: FDIC
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: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Consumer Lending Specialization
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
LocationAddress: Pride And Main, Horatio, AR 71842
County: Sevier
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Shreveport
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Western
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $124.6 mil
Equity capital: $13.2 mil
Deposits held in domestic offices: $111.2 mil
Return on assets (ROA): 1.22% ($1.5 mil)
Quarterly return on assets: 1.27% ($1.6 mil)
Return on Equity (ROE): 11.81% ($1.5 mil)
Quarterly return on equity: 12.05% ($1.6 mil)
Net income: $1.5 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 1.86% ($2,317.7 mil)
Quarterly Pretax return on assets: 1.63% ($2,031.1 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)
Total employees (full-time equivalent)31
Total assets$124,606
Cash and due from depository institutions$14,056
Interest-bearing balances$11,505
Securities$16,953
Federal funds sold & reverse repurchase agreements$3,000
Net loans & leases$88,119
Loan loss allowance $1,501
Trading account assets$0
Bank premises and fixed assets$754
Other real estate owned$52
Goodwill and other intangibles$0
All other assets$1,672
Life insurance assets$124,606
Total liabilities and capital$111,413
Total liabilities$111,247
Total deposits$105,955
Interest-bearing deposits$111,247
Deposits held in domestic offices$96
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $166
All other liabilities $13,193
Total equity capital$13,193
Total bank equity capital$13,193
Perpetual preferred stock$0
Common stock$100
Surplus$1,000
Undivided profits $12,093
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $617
Earning assets $8
Long-term assets (5+ years) $898
Average Assets, year-to-date $119,577
Average Assets, quarterly $7,991
Volatile liabilities $120,639
Insider loans $123,377
FHLB advances $77,205
Loans and leases held for sale $123,131
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $13,013
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,725
Derivatives$235
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,107
Total interest expense $2,104
Net interest income $5,003
Provision for loan and lease losses $638
Total noninterest income $371
Fiduciary activities $0
Service charges on deposit accounts $245
Trading account gains & fees $0
Additional noninterest income $126
Total noninterest expense $2,495
Salaries and employee benefits $1,411
Premises and equipment expense $316
Additional noninterest expense $768
Pre-tax net operating income $2,241
Securities gains (losses) $2
Applicable income taxes $777
Income before extraordinary items $1,466
Extraordinary gains - net $0
Net income attributable to bank $1,466
Net charge-offs $0
Cash dividends $1,466
Sale, conversion, retirement of capital stock, net $424
Net operating income $128
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.12%
Cost of funding earning assets 1.81%
Net interest margin 4.31%
Noninterest income to earning assets 0.32%
Noninterest expense to earning assets 2.15%
Net operating income to assets 1.21%
Return on assets (ROA) 1.22%
Pretax return on assets 1.86%
Return on equity (ROE) 11.81%
Retained earnings to average equity (YTD only) 10.78%
Net charge-offs to loans 0.50%
Credit loss provision to net charge-offs 150.47%
Efficiency ratio6.79%
Assets per employee$46,427
Cash dividends to net income (YTD only)4.02%
Condition Ratios (%)
Loss allowance to loans 8.73%
Loss allowance to noncurrent loans 1.67%
Noncurrent assets plus other real estate owned to assets 243.27%
Noncurrent loans to loans 0.54%
Net loans and leases to deposits0.69%
Net loans and leases to core deposits 79.21%
Equity capital to assets 85.40%
Core capital (leverage) ratio 10.59%
Tier 1 risk-based capital ratio 10.57%
Total risk-based capital ratio 16.86%
Memoranda
Average assets$18
Average earning assets$120,639
Average equity $12,410
Average loans $116,126
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1 Arkansas Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
088Horatio State BankPride And Main, Horatio, AR 71842May 05, 1905Full Service Brick and Mortar
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