Piggott State Bank in Piggott, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches

Piggott State Bank - Overview

  • General
  • FDIC Certificate #: 5628
    Status: Active
    Federal Reserve ID: 173342
    Bank Holding Company (Regulatory Top Holder): Piggott Bankstock, Inc. (RSSDID: 1098321, Location: Piggott, AR)
    Date Established: March 10, 1930
    WWW: http://www.piggottstatebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 3834
    Numeric code: 13
    Regulator: FED
    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: No
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 05, 2010
    Last Structure Change Process Date: December 16, 2010
    Last Data Update: December 16, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 271 West Cherry Street, Piggott, AR 72454
    County: Clay
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Memphis
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Change in Supervisory Agency
    Change in Primary Regulatory Agency
    Institution Becomes a Member of FRS (Federal Reserve System)
  • Financial Summary
  • Total assets: $78.3 mil
    Equity capital: $8.7 mil
    Deposits held in domestic offices: $68.0 mil
    Return on assets (ROA): 1.49% ($1.2 mil)
    Quarterly return on assets: 1.28% ($1.0 mil)
    Return on Equity (ROE): 13.75% ($1.2 mil)
    Quarterly return on equity: 11.44% ($1.0 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 2.05% ($1,606.0 mil)
    Quarterly Pretax return on assets: 1.72% ($1,347.4 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
  • 16Total employees (full-time equivalent)
  • $78,340Total assets
  • $15,409Cash and due from depository institutions
  • $14,478Interest-bearing balances
  • $32,789Securities
  • $1,900Federal funds sold & reverse repurchase agreements
  • $27,031Net loans & leases
  • $670Loan loss allowance
  • $0Trading account assets
  • $555Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $78,340Life insurance assets
  • $656All other assets
  • $69,648Total liabilities and capital
  • $67,980Total liabilities
  • $60,798Total deposits
  • $67,980Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $785Trading liabilities
  • $0Other borrowed funds
  • $883Subordinated debt
  • $8,692All other liabilities
  • $8,692Total equity capital
  • $8,692Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $975Surplus
  • $7,617Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $337Long-term assets (5+ years)
  • $76,198Average Assets, year-to-date
  • $35,965Average Assets, quarterly
  • $76,600Volatile liabilities
  • $77,523Insider loans
  • $30,256FHLB advances
  • $78,233Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,563Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,918Restructured Loans and leases
  • $154Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,177Total interest income
  • $505Total interest expense
  • $2,672Net interest income
  • $0Provision for loan and lease losses
  • $375Total noninterest income
  • $0Fiduciary activities
  • $265Service charges on deposit accounts
  • $0Trading account gains & fees
  • $110Additional noninterest income
  • $1,704Total noninterest expense
  • $728Salaries and employee benefits
  • $211Premises and equipment expense
  • $765Additional noninterest expense
  • $1,343Pre-tax net operating income
  • $227Securities gains (losses)
  • $427Applicable income taxes
  • $1,143Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,143Net income attributable to bank
  • $0Net charge-offs
  • $1,143Cash dividends
  • $9Sale, conversion, retirement of capital stock, net
  • $850Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.28%Yield on earning assets
  • 0.68%Cost of funding earning assets
  • 3.60%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 2.29%Noninterest expense to earning assets
  • 1.28%Net operating income to assets
  • 1.49%Return on assets (ROA)
  • 2.05%Pretax return on assets
  • 13.75%Return on equity (ROE)
  • 3.52%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 149.22%Efficiency ratio
  • 55,924Assets per employee
  • 4.90%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 74.37%Loss allowance to loans
  • 2.42%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 39.76%Net loans and leases to core deposits
  • 43.25%Equity capital to assets
  • 11.10%Core capital (leverage) ratio
  • 9.67%Tier 1 risk-based capital ratio
  • 25.00%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $76,600Average earning assets
  • $8,315Average equity
  • $74,266Average loans

List of branches

  • 2 Arkansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    03834Piggott State Bank271 West Cherry Street, Piggott, AR 72454March 10, 1930Full Service Brick and Mortar
    1207917Drive-In Branch182 North Second Street, Piggott, AR 72454January 06, 1969Limited Service Facility

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Piggott State Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents