RiverHills Bank in Port Gibson, Mississippi (MS)
| RiverHills Bank | |
|---|---|
| General | FDIC Certificate #: 8234 Status: Active Federal Reserve ID: 573335 Bank Holding Company (Regulatory Top Holder): Riverhills Capital Corporation (RSSDID: 1082786, Location: Port Gibson, MS) Date Established: Febuary 01, 1890 WWW: http://www.riverhillsbank.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Domestic: 2, Interstate: No) FDIC's unique #: 5251 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: Commercial Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: June 01, 2010 Last Structure Change Process Date: June 03, 2010 Last Data Update: June 03, 2010 Data Source Date: April 05, 2012 |
| Location | Address: 702 Market Street, Port Gibson, MS 39150 County: Claiborne 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 |
| History of Changes | Change in Location |
| Financial Summary | Total assets: $255.9 mil Equity capital: $22.2 mil Deposits held in domestic offices: $220.6 mil Return on assets (ROA): 1.22% ($3.1 mil) Quarterly return on assets: 1.02% ($2.6 mil) Return on Equity (ROE): 14.00% ($3.1 mil) Quarterly return on equity: 11.64% ($2.6 mil) Net income: $3.1 mil Quarterly Net income: $0.7 mil Pretax return on assets: 1.22% ($3,122.3 mil) Quarterly Pretax return on assets: 1.02% ($2,610.4 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 49 |
| Total assets | $255,923 |
| Cash and due from depository institutions | $17,677 |
| Interest-bearing balances | $12,956 |
| Securities | $75,691 |
| Federal funds sold & reverse repurchase agreements | $2,875 |
| Net loans & leases | $152,453 |
| Loan loss allowance | $3,194 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,331 |
| Other real estate owned | $1,792 |
| Goodwill and other intangibles | $0 |
| All other assets | $3,104 |
| Life insurance assets | $255,923 |
| Total liabilities and capital | $233,754 |
| Total liabilities | $220,640 |
| Total deposits | $183,927 |
| Interest-bearing deposits | $220,640 |
| Deposits held in domestic offices | $81 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $12,858 |
| Other borrowed funds | $0 |
| Subordinated debt | $256 |
| All other liabilities | $22,169 |
| Total equity capital | $22,169 |
| Total bank equity capital | $22,169 |
| Perpetual preferred stock | $0 |
| Common stock | $500 |
| Surplus | $5,000 |
| Undivided profits | $16,669 |
| 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 | $332 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,433 |
| Average Assets, year-to-date | $243,975 |
| Average Assets, quarterly | $22,697 |
| Volatile liabilities | $250,558 |
| Insider loans | $254,989 |
| FHLB advances | $167,122 |
| Loans and leases held for sale | $256,886 |
| Unused loan commitments | $315 |
| Tier 1 (core) risk-based capital | $315 |
| Tier 2 risk-based capital | $21,762 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $21,087 |
| Derivatives | $1,789 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $10,719 |
| Total interest expense | $2,897 |
| Net interest income | $7,822 |
| Provision for loan and lease losses | $600 |
| Total noninterest income | $1,235 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $1,117 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $118 |
| Total noninterest expense | $5,399 |
| Salaries and employee benefits | $2,999 |
| Premises and equipment expense | $374 |
| Additional noninterest expense | $2,026 |
| Pre-tax net operating income | $3,058 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $3,058 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $3,058 |
| Net charge-offs | $0 |
| Cash dividends | $3,058 |
| Sale, conversion, retirement of capital stock, net | $417 |
| Net operating income | $1,647 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.50% |
| Cost of funding earning assets | 1.22% |
| Net interest margin | 3.29% |
| Noninterest income to earning assets | 0.52% |
| Noninterest expense to earning assets | 2.27% |
| Net operating income to assets | 1.22% |
| Return on assets (ROA) | 1.22% |
| Pretax return on assets | 1.22% |
| Return on equity (ROE) | 14.00% |
| Retained earnings to average equity (YTD only) | 6.46% |
| Net charge-offs to loans | 0.26% |
| Credit loss provision to net charge-offs | 143.88% |
| Efficiency ratio | 8.77% |
| Assets per employee | $59,611 |
| Cash dividends to net income (YTD only) | 5.22% |
| Condition Ratios (%) | |
| Loss allowance to loans | 53.86% |
| Loss allowance to noncurrent loans | 2.05% |
| Noncurrent assets plus other real estate owned to assets | 962.05% |
| Noncurrent loans to loans | 0.83% |
| Net loans and leases to deposits | 0.21% |
| Net loans and leases to core deposits | 69.10% |
| Equity capital to assets | 78.16% |
| Core capital (leverage) ratio | 8.66% |
| Tier 1 risk-based capital ratio | 8.47% |
| Total risk-based capital ratio | 13.02% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $250,558 |
| Average equity | $21,840 |
| Average loans | $238,094 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $170 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $170 |
| Employee benefit-defined contribution accounts | $170 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $0 |
| Number of Accounts | 9 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| 2 Mississippi Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5251 | Riverhills Bank | 702 Market Street, Port Gibson, MS 39150 | Febuary 01, 1890 | Full Service Brick and Mortar |  |
| 3 | 218154 | Highway 61 North Branch | 1400 Hwy 61 North Bypass, Vicksburg, MS 39180 | November 08, 1999 | Full Service Brick and Mortar |  |
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