FDIC Certificate #: 103 Status: Inactive Closing history: Office Sold Acquiring institution:The First National Bank of Fort Smith (#3864) Federal Reserve ID: 293549 Date Established: May 05, 1910 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 4 (Interstate: No) FDIC's unique #: 83 Numeric code: 13 Regulator: FED 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: January 01, 1934 Last Structure Change Effective Date: June 04, 1999 Last Structure Change Process Date: June 16, 1999 Last Data Update: June 16, 1999 Data Source Date: April 05, 2012
Location
Address: Main And Phillips Streets, Lavaca, AR 72941 County: Sebastian 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 Metropolitan Statistical Area (MSA): Fort Smith, AR-OK (#2720) Core Based Statistical Area (CBSA): Fort Smith, AR-OK (#22900) CBSA Metro Statistical Area: Fort Smith, AR-OK (#22900)
History of Changes
Merger - Without Assistance
Office Sold
Financial Summary
Total assets: $80.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
35Total employees (full-time equivalent)
$80,955Total assets
$2,271Cash and due from depository institutions
$0Interest-bearing balances
$9,727Securities
$7,995Federal funds sold & reverse repurchase agreements
$51,121Net loans & leases
$583Loan loss allowance
$0Trading account assets
$1,857Bank premises and fixed assets
$842Other real estate owned
$6,377Goodwill and other intangibles
$0Life insurance assets
$765All other assets
$80,955Total liabilities and capital
$69,095Total liabilities
$68,305Total deposits
$59,453Interest-bearing deposits
$68,305Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$790All other liabilities
$11,860Total equity capital
$11,860Total bank equity capital
$11,860Perpetual preferred stock
$0Common stock
$261Surplus
$13,564Undivided profits
Memoranda
$-1,965Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$162Earning assets
$0Long-term assets (5+ years)
$306Average Assets, year-to-date
$68,843Average Assets, quarterly
$2,373Volatile liabilities
$75,550Insider loans
$76,566FHLB advances
$14,424Loans and leases held for sale
$15Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,807Total unused commitments
$0Restructured Loans and leases
$54,863Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$447Total interest income
$217Total interest expense
$230Net interest income
$0Provision for loan and lease losses
$40Total noninterest income
$0Fiduciary activities
$39Service charges on deposit accounts
$0Trading account gains & fees
$1Additional noninterest income
$223Total noninterest expense
$81Salaries and employee benefits
$23Premises and equipment expense
$119Additional noninterest expense
$47Pre-tax net operating income
$0Securities gains (losses)
$1Applicable income taxes
$46Income before extraordinary items
$0Extraordinary gains - net
$46Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$4Sale, conversion, retirement of capital stock, net
$2,000Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.65%Yield on earning assets
0.32%Cost of funding earning assets
0.34%Net interest margin
0.06%Noninterest income to earning assets
0.33%Noninterest expense to earning assets
0.06%Net operating income to assets
0.06%Return on assets (ROA)
0.06%Pretax return on assets
0.51%Return on equity (ROE)
-21.55%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
11.75%Efficiency ratio
69,259Assets per employee
2.31%Cash dividends to net income (YTD only)
Condition Ratios (%)
4347.83%Loss allowance to loans
1.13%Loss allowance to noncurrent loans
359.88%Noncurrent assets plus other real estate owned to assets
0.63%Noncurrent loans to loans
0.31%Net loans and leases to deposits
74.84%Net loans and leases to core deposits
94.88%Equity capital to assets
14.65%Core capital (leverage) ratio
7.37%Tier 1 risk-based capital ratio
10.02%Total risk-based capital ratio
Memoranda
$11Average assets
$75,550Average earning assets
$9,069Average equity
$68,489Average loans
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