Newton County Bank in Newton, Mississippi (MS)
| Newton County Bank | |
|---|---|
| General | FDIC Certificate #: 9367 Status: Active Federal Reserve ID: 546432 Bank Holding Company (Regulatory Top Holder): Newton County Bancorporation, Inc. Employee Stock Ownership Plan (RSSDID: 1137556, Location: Newton, MS) Date Established: September 04, 1912 WWW: http://www.newtoncountybank.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 6 (Domestic: 6, Interstate: No) OTS Docket #: 10752 FDIC's unique #: 6016 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: Yes Asset Concentration Hierarchy: Commercial 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 |
| Location | Address: 114 East Church Street, Newton, MS 39345 County: Newton 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 |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $154.5 mil Equity capital: $18.7 mil Deposits held in domestic offices: $133.0 mil Return on assets (ROA): 0.82% ($1.3 mil) Quarterly return on assets: 0.91% ($1.4 mil) Return on Equity (ROE): 6.85% ($1.3 mil) Quarterly return on equity: 7.51% ($1.4 mil) Net income: $1.3 mil Quarterly Net income: $0.3 mil Pretax return on assets: 0.82% ($1,266.7 mil) Quarterly Pretax return on assets: 0.91% ($1,405.8 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 43 |
| Total assets | $154,479 |
| Cash and due from depository institutions | $10,789 |
| Interest-bearing balances | $6,362 |
| Securities | $35,170 |
| Federal funds sold & reverse repurchase agreements | $7,100 |
| Net loans & leases | $92,866 |
| Loan loss allowance | $1,070 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,316 |
| Other real estate owned | $73 |
| Goodwill and other intangibles | $0 |
| All other assets | $7,165 |
| Life insurance assets | $154,479 |
| Total liabilities and capital | $135,746 |
| Total liabilities | $132,979 |
| Total deposits | $112,373 |
| Interest-bearing deposits | $132,979 |
| Deposits held in domestic offices | $88 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $1,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,767 |
| All other liabilities | $18,733 |
| Total equity capital | $18,733 |
| Total bank equity capital | $18,733 |
| Perpetual preferred stock | $0 |
| Common stock | $500 |
| Surplus | $10,000 |
| Undivided profits | $8,233 |
| 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 | $919 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $842 |
| Average Assets, year-to-date | $141,498 |
| Average Assets, quarterly | $21,937 |
| Volatile liabilities | $152,785 |
| Insider loans | $153,498 |
| FHLB advances | $126,718 |
| Loans and leases held for sale | $152,627 |
| Unused loan commitments | $5,419 |
| Tier 1 (core) risk-based capital | $5,419 |
| Tier 2 risk-based capital | $19,431 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $0 |
| Derivatives | $3,377 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $6,935 |
| Total interest expense | $875 |
| Net interest income | $6,060 |
| Provision for loan and lease losses | $157 |
| Total noninterest income | $1,423 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $1,029 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $394 |
| Total noninterest expense | $5,639 |
| Salaries and employee benefits | $3,480 |
| Premises and equipment expense | $936 |
| Additional noninterest expense | $1,223 |
| Pre-tax net operating income | $1,687 |
| Securities gains (losses) | -$437 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $1,250 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,250 |
| Net charge-offs | $0 |
| Cash dividends | $1,250 |
| Sale, conversion, retirement of capital stock, net | $17 |
| Net operating income | $600 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.96% |
| Cost of funding earning assets | 0.63% |
| Net interest margin | 4.33% |
| Noninterest income to earning assets | 1.02% |
| Noninterest expense to earning assets | 4.03% |
| Net operating income to assets | 1.10% |
| Return on assets (ROA) | 0.82% |
| Pretax return on assets | 0.82% |
| Return on equity (ROE) | 6.85% |
| Retained earnings to average equity (YTD only) | 3.56% |
| Net charge-offs to loans | 0.02% |
| Credit loss provision to net charge-offs | 923.53% |
| Efficiency ratio | 108.47% |
| Assets per employee | $75,357 |
| Cash dividends to net income (YTD only) | 3.59% |
| Condition Ratios (%) | |
| Loss allowance to loans | 48.00% |
| Loss allowance to noncurrent loans | 1.14% |
| Noncurrent assets plus other real estate owned to assets | 116.43% |
| Noncurrent loans to loans | 3.85% |
| Net loans and leases to deposits | 0.98% |
| Net loans and leases to core deposits | 69.84% |
| Equity capital to assets | 71.63% |
| Core capital (leverage) ratio | 12.13% |
| Tier 1 risk-based capital ratio | 12.73% |
| Total risk-based capital ratio | 15.33% |
| Memoranda | |
| Average assets | $16 |
| Average earning assets | $152,785 |
| Average equity | $18,236 |
| Average loans | $139,803 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $119 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $0 |
| Number of Accounts | 9 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $119 |
| Corporate trust and agency accounts | $119 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| 6 Mississippi Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 6016 | Newton County Bank | 114 East Church Street, Newton, MS 39345 | September 04, 1912 | Full Service Brick and Mortar |  |
| 1 | 219998 | Hickory Branch | Main Street, Hickory, MS 39332 | September 02, 1943 | Full Service Brick and Mortar |  |
| 2 | 219999 | Lake Branch | Front Street, Lake, MS 39092 | March 17, 1944 | Full Service Brick and Mortar | |
| 3 | 220000 | Louin Branch | Highway 15 South (East Side), Louin, MS 39338 | December 31, 1958 | Full Service Brick and Mortar | |
| 4 | 220001 | Scanlan Street Drive-In Branch | Scanlan And Richardson Streets, Newton, MS 39345 | September 21, 1970 | Limited Service Facility | |
| 6 | 452039 | Highway 15 Branch | 292 Eastside Drive, Newton, MS 39345 | June 23, 2006 | Full Service Brick and Mortar | |
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