Planters & Merchants Bank in Gillett, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 11, 2010

  • Planters & Merchants Bank in Gillett, Arkansas (AR)
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Planters & Merchants Bank - Overview

  • General
  • FDIC Certificate #: 19722
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: De Witt Bank and Trust Company (#1522)
    Federal Reserve ID: 442749
    Date Established: June 26, 1967
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    OTS Docket #: 12933
    FDIC's unique #: 13518
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 26, 1967
    Last Structure Change Effective Date: September 11, 2010
    Last Structure Change Process Date: September 28, 2010
    Last Data Update: September 28, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: Main And Third Streets, Gillett, AR 72055
    County: Arkansas
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Little Rock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Western
  • Financial Summary
  • Total assets: $26.3 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, 2009)

  • Dollar figures in thousands
  • 10Total employees (full-time equivalent)
  • $29,248Total assets
  • $518Cash and due from depository institutions
  • $16Interest-bearing balances
  • $7,195Securities
  • $2,660Federal funds sold & reverse repurchase agreements
  • $10,382Net loans & leases
  • $184Loan loss allowance
  • $0Trading account assets
  • $4,409Bank premises and fixed assets
  • $75Other real estate owned
  • $2,223Goodwill and other intangibles
  • $1,104Life insurance assets
  • $1,786All other assets
  • $29,248Total liabilities and capital
  • $23,457Total liabilities
  • $22,163Total deposits
  • $18,433Interest-bearing deposits
  • $22,163Deposits held in domestic offices
  • 94.98%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $618Other borrowed funds
  • $0Subordinated debt
  • $676All other liabilities
  • $5,791Total equity capital
  • $5,791Total bank equity capital
  • $5,791Perpetual preferred stock
  • $0Common stock
  • $150Surplus
  • $5,749Undivided profits
  • Memoranda
  • $-108Noncurrent loans and leases
  • $1,165Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $47Earning assets
  • $0Long-term assets (5+ years)
  • $192Average Assets, year-to-date
  • $20,253Average Assets, quarterly
  • $6,944Volatile liabilities
  • $28,584Insider loans
  • $28,789FHLB advances
  • $7,520Loans and leases held for sale
  • $152Unused loan commitments
  • $618Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,165Total unused commitments
  • $0Restructured Loans and leases
  • $184Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $1,194Total interest income
  • $421Total interest expense
  • $773Net interest income
  • $70Provision for loan and lease losses
  • $117Total noninterest income
  • $0Fiduciary activities
  • $42Service charges on deposit accounts
  • $0Trading account gains & fees
  • $75Additional noninterest income
  • $1,084Total noninterest expense
  • $539Salaries and employee benefits
  • $94Premises and equipment expense
  • $451Additional noninterest expense
  • -$264Pre-tax net operating income
  • $10Securities gains (losses)
  • -$30Applicable income taxes
  • -$224Income before extraordinary items
  • $0Extraordinary gains - net
  • -$224Net income attributable to bank
  • $0Net charge-offs
  • -$224Cash dividends
  • $24Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.83%Yield on earning assets
  • 2.06%Cost of funding earning assets
  • 3.77%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 5.29%Noninterest expense to earning assets
  • -0.81%Net operating income to assets
  • -0.78%Return on assets (ROA)
  • -0.89%Pretax return on assets
  • -3.76%Return on equity (ROE)
  • -3.76%Retained earnings to average equity (YTD only)
  • 0.20%Net charge-offs to loans
  • 291.67%Credit loss provision to net charge-offs
  • -8.08%Efficiency ratio
  • 117,978Assets per employee
  • 2.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.74%Loss allowance to noncurrent loans
  • 391.49%Noncurrent assets plus other real estate owned to assets
  • 0.42%Noncurrent loans to loans
  • 0.44%Net loans and leases to deposits
  • 46.84%Net loans and leases to core deposits
  • 70.90%Equity capital to assets
  • 19.80%Core capital (leverage) ratio
  • 13.50%Tier 1 risk-based capital ratio
  • 18.55%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $28,584Average earning assets
  • $5,958Average equity
  • $20,482Average loans

Total Fiduciary and Related Assets (December 31, 2008)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,510Managed Assets
  • 1Number of Accounts
  • $1,258Personal trust and agency accounts
  • $1,258Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 12Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $252Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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