National Bank of Commerce of Corinth in Corinth, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 28, 1997

  • National Bank of Commerce of Corinth in Corinth, Mississippi (MS)
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National Bank of Commerce of Corinth - Overview

  • General
  • FDIC Certificate #: 16361
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Trustmark National Bank (#4988)
    Federal Reserve ID: 95248
    Date Established: January 10, 1946
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    OTS Docket #: 10853
    FDIC's unique #: 10543
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 10, 1946
    Last Structure Change Effective Date: Febuary 28, 1997
    Last Structure Change Process Date: March 10, 1997
    Last Data Update: March 10, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 501 Fillmore Street, Corinth, MS 38834
    County: Alcorn
    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): Corinth, MS (#18420)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $132.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $52Total assets
  • $132,151Cash and due from depository institutions
  • $4,866Interest-bearing balances
  • $100Securities
  • $58,800Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $65,239Loan loss allowance
  • $791Trading account assets
  • $0Bank premises and fixed assets
  • $1,536Other real estate owned
  • $0Goodwill and other intangibles
  • $1,710Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $132,151Total liabilities
  • $118,825Total deposits
  • $109,916Interest-bearing deposits
  • $93,728Deposits held in domestic offices
  • 109916.00%% insured (estimated)
  • $85Federal funds purchased & repurchase agreements
  • $2,370Trading liabilities
  • $0Other borrowed funds
  • $5,432Subordinated debt
  • $0All other liabilities
  • $1,107Total equity capital
  • $1,107Total bank equity capital
  • $13,326Perpetual preferred stock
  • $0Common stock
  • $550Surplus
  • $7,200Undivided profits
  • Memoranda
  • $5,576Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $389Income earned, not collected on loans
  • $877Earning assets
  • $124,139Long-term assets (5+ years)
  • $27,314Average Assets, year-to-date
  • $134,198Average Assets, quarterly
  • $134,401Volatile liabilities
  • $14,403Insider loans
  • $1,397FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $2,459Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $12,986Total risk weighted assets
  • $69,564Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,814Total interest expense
  • $4,511Net interest income
  • $5,303Provision for loan and lease losses
  • $180Total noninterest income
  • $934Fiduciary activities
  • $0Service charges on deposit accounts
  • $619Trading account gains & fees
  • $0Additional noninterest income
  • $315Total noninterest expense
  • $2,797Salaries and employee benefits
  • $1,646Premises and equipment expense
  • $319Additional noninterest expense
  • $832Pre-tax net operating income
  • $3,260Securities gains (losses)
  • $0Applicable income taxes
  • $838Income before extraordinary items
  • $2,422Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,422Net charge-offs
  • $81Cash dividends
  • $1,787Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.79%Cost of funding earning assets
  • 3.58%Net interest margin
  • 4.21%Noninterest income to earning assets
  • 0.74%Noninterest expense to earning assets
  • 2.22%Net operating income to assets
  • 1.80%Return on assets (ROA)
  • 1.80%Pretax return on assets
  • 2.43%Return on equity (ROE)
  • 17.92%Retained earnings to average equity (YTD only)
  • 4.70%Net charge-offs to loans
  • 0.12%Credit loss provision to net charge-offs
  • 222.22%Efficiency ratio
  • 44,845Assets per employee
  • 2.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 73.78%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 203.34%Noncurrent assets plus other real estate owned to assets
  • 0.29%Noncurrent loans to loans
  • 0.59%Net loans and leases to deposits
  • 59.35%Net loans and leases to core deposits
  • 66.17%Equity capital to assets
  • 10.08%Core capital (leverage) ratio
  • 9.66%Tier 1 risk-based capital ratio
  • 18.67%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $134,198Average earning assets
  • $13,518Average equity
  • $125,943Average loans

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