FDIC Certificate #: 28853 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Renasant Bank (#12437) Federal Reserve ID: 226574 Date Established: April 01, 1934 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 2494 FDIC's unique #: 41687 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: December 24, 1934 Last Structure Change Effective Date: March 26, 1999 Last Structure Change Process Date: March 31, 1999 Last Data Update: March 31, 1999 Data Source Date: April 05, 2012
Location
Address: 228 Main Street, Louisville, MS 39339 County: Winston 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
Financial Summary
Total assets: $44.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
17Total employees (full-time equivalent)
$44,400Total assets
$6,107Cash and due from depository institutions
$5,496Interest-bearing balances
$2,258Securities
$0Federal funds sold & reverse repurchase agreements
$34,794Net loans & leases
$122Loan loss allowance
$0Trading account assets
$449Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$792All other assets
$44,400Total liabilities and capital
$39,250Total liabilities
$38,580Total deposits
$35,568Interest-bearing deposits
$38,580Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$454Other borrowed funds
$0Subordinated debt
$216All other liabilities
$5,150Total equity capital
$5,150Total bank equity capital
$5,150Perpetual preferred stock
$0Common stock
$1Surplus
$1,142Undivided profits
Memoranda
$4,007Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$266Earning assets
$0Long-term assets (5+ years)
$343Average Assets, year-to-date
$42,548Average Assets, quarterly
$0Volatile liabilities
$42,521Insider loans
$44,016FHLB advances
$8,271Loans and leases held for sale
$439Unused loan commitments
$454Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$852Total unused commitments
$0Restructured Loans and leases
$30,148Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$3,317Total interest income
$1,795Total interest expense
$1,522Net interest income
$28Provision for loan and lease losses
$218Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$218Additional noninterest income
$1,209Total noninterest expense
$654Salaries and employee benefits
$228Premises and equipment expense
$327Additional noninterest expense
$503Pre-tax net operating income
$0Securities gains (losses)
$182Applicable income taxes
$321Income before extraordinary items
$0Extraordinary gains - net
$321Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$23Sale, conversion, retirement of capital stock, net
$125Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.11%Yield on earning assets
4.39%Cost of funding earning assets
3.72%Net interest margin
0.53%Noninterest income to earning assets
2.96%Noninterest expense to earning assets
0.75%Net operating income to assets
0.75%Return on assets (ROA)
1.18%Pretax return on assets
6.38%Return on equity (ROE)
3.89%Retained earnings to average equity (YTD only)
0.07%Net charge-offs to loans
121.74%Credit loss provision to net charge-offs
23.09%Efficiency ratio
69,483Assets per employee
2.61%Cash dividends to net income (YTD only)
Condition Ratios (%)
38.94%Loss allowance to loans
0.35%Loss allowance to noncurrent loans
45.86%Noncurrent assets plus other real estate owned to assets
0.60%Noncurrent loans to loans
0.76%Net loans and leases to deposits
90.19%Net loans and leases to core deposits
113.10%Equity capital to assets
11.60%Core capital (leverage) ratio
11.60%Tier 1 risk-based capital ratio
17.08%Total risk-based capital ratio
Memoranda
$17Average assets
$42,521Average earning assets
$5,034Average equity
$40,896Average loans
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