FDIC Certificate #: 34479 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bank of the Ozarks (#110) Federal Reserve ID: 2596655 Date Established: July 25, 1997 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 16109 FDIC's unique #: 57670 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: July 25, 1997 Last Structure Change Effective Date: June 12, 2003 Last Structure Change Process Date: June 27, 2003 Last Data Update: June 27, 2003 Data Source Date: April 05, 2012
Location
Address: 405 West Main Street, Russellville, AR 72801 County: Pope 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 Core Based Statistical Area (CBSA): Russellville, AR (#40780) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $53.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
18Total employees (full-time equivalent)
$53,884Total assets
$2,875Cash and due from depository institutions
$15Interest-bearing balances
$1,732Securities
$2,940Federal funds sold & reverse repurchase agreements
$44,165Net loans & leases
$569Loan loss allowance
$0Trading account assets
$1,336Bank premises and fixed assets
$29Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$807All other assets
$53,884Total liabilities and capital
$50,034Total liabilities
$48,925Total deposits
$42,525Interest-bearing deposits
$48,925Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$595Other borrowed funds
$0Subordinated debt
$514All other liabilities
$3,850Total equity capital
$3,850Total bank equity capital
$3,850Perpetual preferred stock
$0Common stock
$133Surplus
$3,184Undivided profits
Memoranda
$533Noncurrent loans and leases
$3,893Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$333Earning assets
$0Long-term assets (5+ years)
$296Average Assets, year-to-date
$48,852Average Assets, quarterly
$1,811Volatile liabilities
$50,826Insider loans
$52,705FHLB advances
$15,615Loans and leases held for sale
$857Unused loan commitments
$595Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,893Total unused commitments
$0Restructured Loans and leases
$494Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$3,619Total interest income
$1,427Total interest expense
$2,192Net interest income
$257Provision for loan and lease losses
$534Total noninterest income
$0Fiduciary activities
$322Service charges on deposit accounts
$0Trading account gains & fees
$212Additional noninterest income
$1,684Total noninterest expense
$974Salaries and employee benefits
$172Premises and equipment expense
$538Additional noninterest expense
$785Pre-tax net operating income
$0Securities gains (losses)
$299Applicable income taxes
$486Income before extraordinary items
$0Extraordinary gains - net
$486Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$138Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.84%Yield on earning assets
3.09%Cost of funding earning assets
4.75%Net interest margin
1.16%Noninterest income to earning assets
3.65%Noninterest expense to earning assets
0.96%Net operating income to assets
0.96%Return on assets (ROA)
1.54%Pretax return on assets
13.59%Return on equity (ROE)
13.59%Retained earnings to average equity (YTD only)
0.32%Net charge-offs to loans
186.23%Credit loss provision to net charge-offs
7.55%Efficiency ratio
61,775Assets per employee
2.99%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.27%Loss allowance to noncurrent loans
170.87%Noncurrent assets plus other real estate owned to assets
0.67%Noncurrent loans to loans
0.74%Net loans and leases to deposits
90.27%Net loans and leases to core deposits
132.59%Equity capital to assets
7.14%Core capital (leverage) ratio
7.31%Tier 1 risk-based capital ratio
9.72%Total risk-based capital ratio
Memoranda
$11Average assets
$50,826Average earning assets
$3,575Average equity
$46,150Average loans
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