Pike National Bank in Mccomb, Mississippi (MS)



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Pike National Bank
GeneralFDIC Certificate #: 26379
Status: Active
Federal Reserve ID: 880332
Bank Holding Company (Regulatory Top Holder): Pcnb Corp. (RSSDID: 3447428, Location: Mccomb, MS)
Date Established: September 30, 1985
WWW: http://www.pnb-ms.net
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 11 (Domestic: 11, Interstate: No)
OTS Docket #: 11982
FDIC's unique #: 32981
Numeric code: 3
Regulator: OCC
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: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: September 30, 1985
Last Structure Change Effective Date: Febuary 01, 2007
Last Structure Change Process Date: March 29, 2007
Last Data Update: March 29, 2007
Data Source Date: April 05, 2012
LocationAddress: 350 Rawls Drive, Mccomb, MS 39648
County: Pike
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): McComb, MS (#32620)
CBSA Micro Statistical Area: Yes
History of ChangesName Change
Financial SummaryTotal assets: $206.6 mil
Equity capital: $25.6 mil
Deposits held in domestic offices: $156.6 mil
Return on assets (ROA): 0.91% ($1.9 mil)
Quarterly return on assets: 1.23% ($2.5 mil)
Return on Equity (ROE): 7.63% ($2.0 mil)
Quarterly return on equity: 10.10% ($2.6 mil)
Net income: $1.9 mil
Quarterly Net income: $0.6 mil
Pretax return on assets: 1.31% ($2,706.8 mil)
Quarterly Pretax return on assets: 1.43% ($2,954.8 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)106
Total assets$206,627
Cash and due from depository institutions$14,914
Interest-bearing balances$9,666
Securities$48,827
Federal funds sold & reverse repurchase agreements$2,025
Net loans & leases$120,282
Loan loss allowance $1,700
Trading account assets$0
Bank premises and fixed assets$9,294
Other real estate owned$5,638
Goodwill and other intangibles$150
All other assets$5,497
Life insurance assets$206,627
Total liabilities and capital$181,014
Total liabilities$156,571
Total deposits$122,782
Interest-bearing deposits$156,571
Deposits held in domestic offices$83
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$21,459
Other borrowed funds $0
Subordinated debt $2,984
All other liabilities $25,613
Total equity capital$25,613
Total bank equity capital$25,613
Perpetual preferred stock$0
Common stock$2,602
Surplus$4,743
Undivided profits $18,268
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 $2,460
Earning assets $0
Long-term assets (5+ years) $895
Average Assets, year-to-date $180,800
Average Assets, quarterly $53,647
Volatile liabilities $208,382
Insider loans $210,742
FHLB advances $135,850
Loans and leases held for sale $211,418
Unused loan commitments $1,041
Tier 1 (core) risk-based capital $1,041
Tier 2 risk-based capital $24,926
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $5,280
Derivatives$1,014
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $12,581
Total interest expense $2,781
Net interest income $9,800
Provision for loan and lease losses $631
Total noninterest income $2,462
Fiduciary activities $0
Service charges on deposit accounts $1,255
Trading account gains & fees $0
Additional noninterest income $1,207
Total noninterest expense $9,223
Salaries and employee benefits $4,869
Premises and equipment expense $1,529
Additional noninterest expense $2,825
Pre-tax net operating income $2,408
Securities gains (losses) $332
Applicable income taxes $850
Income before extraordinary items $1,890
Extraordinary gains - net $0
Net income attributable to bank $1,890
Net charge-offs $0
Cash dividends $1,890
Sale, conversion, retirement of capital stock, net $731
Net operating income $688
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.89%
Cost of funding earning assets 1.52%
Net interest margin 5.37%
Noninterest income to earning assets 1.35%
Noninterest expense to earning assets 5.05%
Net operating income to assets 0.80%
Return on assets (ROA) 0.91%
Pretax return on assets 1.31%
Return on equity (ROE) 7.63%
Retained earnings to average equity (YTD only) 4.85%
Net charge-offs to loans 0.60%
Credit loss provision to net charge-offs 86.32%
Efficiency ratio4.16%
Assets per employee$75,216
Cash dividends to net income (YTD only)1.95%
Condition Ratios (%)
Loss allowance to loans 36.40%
Loss allowance to noncurrent loans 1.39%
Noncurrent assets plus other real estate owned to assets 69.11%
Noncurrent loans to loans 3.92%
Net loans and leases to deposits2.02%
Net loans and leases to core deposits 76.82%
Equity capital to assets 82.85%
Core capital (leverage) ratio 12.40%
Tier 1 risk-based capital ratio 11.79%
Total risk-based capital ratio 18.35%
Memoranda
Average assets$20
Average earning assets$208,382
Average equity $24,768
Average loans $182,509
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11 Mississippi Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
032981Pike National Bank350 Rawls Drive, Mccomb, MS 39648September 30, 1985Full Service Brick and Mortar
2259256South Broadway Branch628 South Broadway, Mccomb, MS 39648July 15, 1991Limited Service Facility
3259257Pikco Mccomb Branch352 Rawls Drive, Mccomb, MS 39648March 15, 1993Limited Service Consumer Credit
4259258Pikco Meridian Branch802 23rd Avenue, Meridian, MS 39301March 01, 1994Limited Service Consumer Credit
5259259Pikco Finance Philadelphia Branch1120 East Main Street, Suite 15, Philadelphia, MS 39350July 25, 1994Limited Service Consumer Credit
6259260Pikco Brookhaven Branch203 Highway 51 North, Brookhaven, MS 39601April 03, 1995Limited Service Consumer Credit
7259261Pikco Petal Branch501 New Richton Road, Petal, MS 39465April 03, 1995Limited Service Consumer Credit
8259262Magnolia Branch1006 Highway 48 East, Magnolia, MS 39652November 11, 1996Limited Service Facility
9358229Walthall County Division Branch1207 Beulah Avenue, Tylertown, MS 39667September 10, 2000Full Service Brick and Mortar
10447427Veterans Boulevard Branch1808 Pikes Point Circle, Mccomb, MS 39648November 28, 2005Limited Service Facility
11463397Brookhaven Branch702 Highway 51 North, Brookhaven, MS 39601April 16, 2007Full Service Brick and Mortar
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