FDIC Certificate #: 16759 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution:Peoples State Bank of Commerce (#1701) Federal Reserve ID: 418034 Date Established: January 10, 1949 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 14216 FDIC's unique #: 10874 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 10, 1949 Last Structure Change Effective Date: January 02, 2002 Last Structure Change Process Date: January 22, 2002 Last Data Update: January 22, 2002 Data Source Date: April 05, 2012
Location
Address: 5399 Main Street, Grant, AL 35747 County: Marshall Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Shelby Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Core Based Statistical Area (CBSA): Albertville, AL (#10700) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $33.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2001)
Dollar figures in thousands
14Total employees (full-time equivalent)
$33,430Total assets
$1,368Cash and due from depository institutions
$0Interest-bearing balances
$3,420Securities
$2,913Federal funds sold & reverse repurchase agreements
$21,133Net loans & leases
$254Loan loss allowance
$0Trading account assets
$1,105Bank premises and fixed assets
$2,025Other real estate owned
$221Goodwill and other intangibles
$0Life insurance assets
$1,245All other assets
$33,430Total liabilities and capital
$28,557Total liabilities
$28,451Total deposits
$23,598Interest-bearing deposits
$28,451Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$12Other borrowed funds
$0Subordinated debt
$94All other liabilities
$4,873Total equity capital
$4,873Total bank equity capital
$4,873Perpetual preferred stock
$0Common stock
$249Surplus
$4,646Undivided profits
Memoranda
$-22Noncurrent loans and leases
$1,766Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$204Earning assets
$0Long-term assets (5+ years)
$298Average Assets, year-to-date
$27,466Average Assets, quarterly
$1,854Volatile liabilities
$54,043Insider loans
$33,719FHLB advances
$4,700Loans and leases held for sale
$147Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,766Total unused commitments
$0Restructured Loans and leases
$254Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$3,945Total interest income
$1,944Total interest expense
$2,001Net interest income
$486Provision for loan and lease losses
$826Total noninterest income
$0Fiduciary activities
$309Service charges on deposit accounts
$0Trading account gains & fees
$517Additional noninterest income
$2,282Total noninterest expense
$868Salaries and employee benefits
$458Premises and equipment expense
$956Additional noninterest expense
$59Pre-tax net operating income
$56Securities gains (losses)
$0Applicable income taxes
$115Income before extraordinary items
$0Extraordinary gains - net
$115Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$556Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.74%Yield on earning assets
4.31%Cost of funding earning assets
4.43%Net interest margin
1.83%Noninterest income to earning assets
5.05%Noninterest expense to earning assets
0.11%Net operating income to assets
0.21%Return on assets (ROA)
0.21%Pretax return on assets
2.36%Return on equity (ROE)
2.36%Retained earnings to average equity (YTD only)
1.71%Net charge-offs to loans
87.41%Credit loss provision to net charge-offs
0.98%Efficiency ratio
80,509Assets per employee
2.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.19%Loss allowance to noncurrent loans
124.51%Noncurrent assets plus other real estate owned to assets
6.67%Noncurrent loans to loans
0.95%Net loans and leases to deposits
74.28%Net loans and leases to core deposits
88.93%Equity capital to assets
14.58%Core capital (leverage) ratio
12.24%Tier 1 risk-based capital ratio
17.98%Total risk-based capital ratio
Memoranda
$19Average assets
$54,043Average earning assets
$4,878Average equity
$45,147Average loans
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