Richton Bank & Trust Company in Richton, Mississippi (MS)

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Richton Bank & Trust Company
GeneralFDIC Certificate #: 11817
Status: Active
Federal Reserve ID: 40033
Bank Holding Company (Regulatory Top Holder): Centon Bancorp, Inc. (RSSDID: 2782609, Location: Richton, MS)
Date Established: January 01, 1931
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 7560
Numeric code: 21
Regulator: FDIC
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: Yes
Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: April 06, 2010
Last Structure Change Process Date: April 12, 2010
Last Data Update: April 12, 2010
Data Source Date: April 05, 2012
LocationAddress: 114 South Front Street, Richton, MS 39476
County: Perry
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): Hattiesburg, MS (#25620)
CBSA Metro Statistical Area: Hattiesburg, MS (#25620)
Financial SummaryTotal assets: $75.5 mil
Equity capital: $8.2 mil
Deposits held in domestic offices: $66.8 mil
Return on assets (ROA): 0.36% ($0.3 mil)
Quarterly return on assets: 0.56% ($0.4 mil)
Return on Equity (ROE): 3.51% ($0.3 mil)
Quarterly return on equity: 5.28% ($0.4 mil)
Net income: $0.3 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.36% ($271.7 mil)
Quarterly Pretax return on assets: 0.56% ($422.6 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)22
Total assets$75,473
Cash and due from depository institutions$4,986
Interest-bearing balances$2,068
Federal funds sold & reverse repurchase agreements$16,330
Net loans & leases$28,592
Loan loss allowance $418
Trading account assets$0
Bank premises and fixed assets$2,534
Other real estate owned$331
Goodwill and other intangibles$0
All other assets$4,675
Life insurance assets$75,472
Total liabilities and capital$67,314
Total liabilities$66,769
Total deposits$55,586
Interest-bearing deposits$66,769
Deposits held in domestic offices$82
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $545
All other liabilities $8,158
Total equity capital$8,158
Total bank equity capital$8,158
Perpetual preferred stock$0
Common stock$89
Undivided profits $4,377
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 $0
Earning assets $0
Long-term assets (5+ years) $223
Average Assets, year-to-date $65,015
Average Assets, quarterly $15,361
Volatile liabilities $79,360
Insider loans $76,266
FHLB advances $49,672
Loans and leases held for sale $76,200
Unused loan commitments $3,761
Tier 1 (core) risk-based capital $3,761
Tier 2 risk-based capital $8,825
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,805
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,974
Total interest expense $557
Net interest income $2,417
Provision for loan and lease losses -$296
Total noninterest income $819
Fiduciary activities $0
Service charges on deposit accounts $514
Trading account gains & fees $0
Additional noninterest income $305
Total noninterest expense $2,905
Salaries and employee benefits $1,471
Premises and equipment expense $381
Additional noninterest expense $1,053
Pre-tax net operating income $627
Securities gains (losses) -$345
Applicable income taxes $0
Income before extraordinary items $282
Extraordinary gains - net $0
Net income attributable to bank $282
Net charge-offs $0
Cash dividends $282
Sale, conversion, retirement of capital stock, net $13
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.34%
Cost of funding earning assets 0.81%
Net interest margin 3.52%
Noninterest income to earning assets 1.19%
Noninterest expense to earning assets 4.24%
Net operating income to assets 0.79%
Return on assets (ROA) 0.36%
Pretax return on assets 0.36%
Return on equity (ROE) 3.51%
Retained earnings to average equity (YTD only) 3.51%
Net charge-offs to loans 0.04%
Credit loss provision to net charge-offs -2276.92%
Efficiency ratio25.46%
Assets per employee$89,771
Cash dividends to net income (YTD only)3.43%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.44%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 2.10%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 42.82%
Equity capital to assets 43.54%
Core capital (leverage) ratio 10.81%
Tier 1 risk-based capital ratio 11.58%
Total risk-based capital ratio 17.77%
Average assets$19
Average earning assets$79,360
Average equity $8,031
Average loans $68,594
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3 Mississippi Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
07560Richton Bank & Trust Company114 South Front Street, Richton, MS 39476January 01, 1931Full Service Brick and Mortar
1225735North Richton Branch809 Front Street North, Richton, MS 39476Febuary 03, 1969Limited Service Facility
3359505Richton Bank & Trust Co., New Augusta Branch202 Pine Street West, New Augusta, MS 39462Febuary 02, 2001Full Service Brick and Mortar
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