Peoples Bank in Mendenhall, Mississippi (MS)

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Peoples Bank
GeneralFDIC Certificate #: 9366
Status: Active
Federal Reserve ID: 70638
Date Established: November 05, 1908
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
OTS Docket #: 12640
FDIC's unique #: 6015
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: Agricultural 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: 154 Maud Avenue, Mendenhall, MS 39114
County: Simpson
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
Combined Statistical Area (CSA): Jackson-Yazoo City, MS (#298)
Core Based Statistical Area (CBSA): Jackson, MS (#27140)
CBSA Metro Statistical Area: Jackson, MS (#27140)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $228.9 mil
Equity capital: $21.9 mil
Deposits held in domestic offices: $183.8 mil
Return on assets (ROA): 2.31% ($5.3 mil)
Quarterly return on assets: 2.53% ($5.8 mil)
Return on Equity (ROE): 25.23% ($5.6 mil)
Quarterly return on equity: 26.70% ($5.9 mil)
Net income: $5.1 mil
Quarterly Net income: $1.4 mil
Pretax return on assets: 2.31% ($5,287.8 mil)
Quarterly Pretax return on assets: 2.53% ($5,791.4 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)78
Total assets$228,911
Cash and due from depository institutions$4,082
Interest-bearing balances$334
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$178,286
Loan loss allowance $1,980
Trading account assets$0
Bank premises and fixed assets$3,190
Other real estate owned$3,349
Goodwill and other intangibles$90
All other assets$7,774
Life insurance assets$228,911
Total liabilities and capital$207,010
Total liabilities$183,758
Total deposits$165,411
Interest-bearing deposits$183,758
Deposits held in domestic offices$90
% insured (estimated)17025.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5,188
Other borrowed funds $0
Subordinated debt $1,039
All other liabilities $21,901
Total equity capital$21,901
Total bank equity capital$21,901
Perpetual preferred stock$0
Common stock$600
Undivided profits $11,901
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 $3,627
Earning assets $575
Long-term assets (5+ years) $1,327
Average Assets, year-to-date $210,760
Average Assets, quarterly $44,042
Volatile liabilities $219,295
Insider loans $226,326
FHLB advances $157,348
Loans and leases held for sale $225,924
Unused loan commitments $3,504
Tier 1 (core) risk-based capital $2,433
Tier 2 risk-based capital $20,710
Total risk weighted assets $1,071
Total unused commitments $0
Restructured Loans and leases $7,343
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $13,015
Total interest expense $2,008
Net interest income $11,007
Provision for loan and lease losses $1,200
Total noninterest income $2,094
Fiduciary activities $0
Service charges on deposit accounts $1,660
Trading account gains & fees $0
Additional noninterest income $434
Total noninterest expense $6,684
Salaries and employee benefits $4,022
Premises and equipment expense $905
Additional noninterest expense $1,757
Pre-tax net operating income $5,217
Securities gains (losses) -$147
Applicable income taxes $0
Income before extraordinary items $5,070
Extraordinary gains - net $0
Net income attributable to bank $5,070
Net charge-offs $0
Cash dividends $5,070
Sale, conversion, retirement of capital stock, net $664
Net operating income $3,390
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.42%
Cost of funding earning assets 0.99%
Net interest margin 5.43%
Noninterest income to earning assets 1.03%
Noninterest expense to earning assets 3.29%
Net operating income to assets 2.38%
Return on assets (ROA) 2.31%
Pretax return on assets 2.31%
Return on equity (ROE) 25.23%
Retained earnings to average equity (YTD only) 8.36%
Net charge-offs to loans 0.39%
Credit loss provision to net charge-offs 180.72%
Efficiency ratio9.66%
Assets per employee$50,195
Cash dividends to net income (YTD only)2.93%
Condition Ratios (%)
Loss allowance to loans 66.86%
Loss allowance to noncurrent loans 1.10%
Noncurrent assets plus other real estate owned to assets 54.59%
Noncurrent loans to loans 3.06%
Net loans and leases to deposits2.01%
Net loans and leases to core deposits 97.02%
Equity capital to assets 107.45%
Core capital (leverage) ratio 9.57%
Tier 1 risk-based capital ratio 9.17%
Total risk-based capital ratio 13.16%
Average assets$14
Average earning assets$219,295
Average equity $20,097
Average loans $202,872
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Total Fiduciary and Related Assets (December 31, 2003)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$67
Number of Accounts1
Personal trust and agency accounts$67
Employee benefit-defined contribution accounts$67
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 Accounts1
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
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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5 Mississippi Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
06015Peoples Bank154 Maud Avenue, Mendenhall, MS 39114November 05, 1908Full Service Brick and Mortar
2219994Magee Branch611 Fifth Avenue, Magee, MS 39111June 27, 1985Full Service Brick and Mortar
3219995West Jackson Avenue Branch165 West Jackson Avenue, Mendenhall, MS 39114January 01, 1988Full Service Brick and Mortar
5272384Collins Branch704 Main Street, Collins, MS 39428July 01, 1934Full Service Brick and Mortar
7364142Puckett Branch6423 Highway 18, Puckett, MS 39151March 04, 2002Full Service Brick and Mortar
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