FDIC Certificate #: 8551 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:State Bank & Trust Company (#8878) Federal Reserve ID: 34032 Date Established: January 29, 1901 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 5457 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: January 01, 1934 Last Structure Change Effective Date: December 06, 2002 Last Structure Change Process Date: December 30, 2002 Last Data Update: December 30, 2002 Data Source Date: April 05, 2012
Location
Address: Farmers And Walnut Streets, Port Gibson, MS 39150 County: Claiborne 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: $47.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
19Total employees (full-time equivalent)
$42,119Total assets
$2,460Cash and due from depository institutions
$133Interest-bearing balances
$19,787Securities
$1,700Federal funds sold & reverse repurchase agreements
$17,122Net loans & leases
$780Loan loss allowance
$0Trading account assets
$334Bank premises and fixed assets
$20Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$696All other assets
$42,119Total liabilities and capital
$38,080Total liabilities
$37,555Total deposits
$31,115Interest-bearing deposits
$37,555Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$525All other liabilities
$4,039Total equity capital
$4,039Total bank equity capital
$4,039Perpetual preferred stock
$0Common stock
$200Surplus
$3,586Undivided profits
Memoranda
$253Noncurrent loans and leases
$1,322Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$337Earning assets
$0Long-term assets (5+ years)
$537Average Assets, year-to-date
$38,742Average Assets, quarterly
$2,302Volatile liabilities
$41,339Insider loans
$42,015FHLB advances
$9,466Loans and leases held for sale
$625Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,322Total unused commitments
$0Restructured Loans and leases
$319Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$3,092Total interest income
$1,127Total interest expense
$1,965Net interest income
$265Provision for loan and lease losses
$410Total noninterest income
$0Fiduciary activities
$305Service charges on deposit accounts
$0Trading account gains & fees
$105Additional noninterest income
$1,312Total noninterest expense
$639Salaries and employee benefits
$261Premises and equipment expense
$412Additional noninterest expense
$798Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$798Income before extraordinary items
$0Extraordinary gains - net
$798Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$3Sale, conversion, retirement of capital stock, net
$700Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.11%Yield on earning assets
2.95%Cost of funding earning assets
5.15%Net interest margin
1.07%Noninterest income to earning assets
3.44%Noninterest expense to earning assets
1.93%Net operating income to assets
1.93%Return on assets (ROA)
1.93%Pretax return on assets
19.17%Return on equity (ROE)
2.35%Retained earnings to average equity (YTD only)
-0.02%Net charge-offs to loans
-8833.33%Credit loss provision to net charge-offs
0.00%Efficiency ratio
55,242Assets per employee
2.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
87.72%Loss allowance to loans
4.36%Loss allowance to noncurrent loans
231.45%Noncurrent assets plus other real estate owned to assets
0.85%Noncurrent loans to loans
1.88%Net loans and leases to deposits
45.59%Net loans and leases to core deposits
60.96%Equity capital to assets
9.59%Core capital (leverage) ratio
8.82%Tier 1 risk-based capital ratio
15.09%Total risk-based capital ratio
Memoranda
$16Average assets
$41,339Average earning assets
$4,164Average equity
$38,148Average loans
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