FDIC Certificate #: 10585 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Trustmark National Bank (#4988) Federal Reserve ID: 44237 Date Established: January 01, 1903 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Interstate: No) FDIC's unique #: 6785 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: January 01, 1934 Last Structure Change Effective Date: March 14, 1998 Last Structure Change Process Date: March 20, 1998 Last Data Update: March 20, 1998 Data Source Date: April 05, 2012
Location
Address: Main Street, Taylorsville, MS 39168 County: Smith 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
Financial Summary
Total assets: $93.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
49Total employees (full-time equivalent)
$93,872Total assets
$5,293Cash and due from depository institutions
$1,192Interest-bearing balances
$38,983Securities
$2,600Federal funds sold & reverse repurchase agreements
$43,592Net loans & leases
$1,265Loan loss allowance
$0Trading account assets
$2,100Bank premises and fixed assets
$0Other real estate owned
$43Goodwill and other intangibles
$0Life insurance assets
$1,261All other assets
$93,872Total liabilities and capital
$84,641Total liabilities
$83,928Total deposits
$72,845Interest-bearing deposits
$83,928Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$713All other liabilities
$9,231Total equity capital
$9,231Total bank equity capital
$9,231Perpetual preferred stock
$0Common stock
$225Surplus
$8,100Undivided profits
Memoranda
$906Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$495Earning assets
$226Long-term assets (5+ years)
$509Average Assets, year-to-date
$86,367Average Assets, quarterly
$10,281Volatile liabilities
$95,693Insider loans
$95,433FHLB advances
$8,566Loans and leases held for sale
$257Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,522Total unused commitments
$0Restructured Loans and leases
$46,987Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$6,928Total interest income
$3,633Total interest expense
$3,295Net interest income
$120Provision for loan and lease losses
$757Total noninterest income
$0Fiduciary activities
$581Service charges on deposit accounts
$0Trading account gains & fees
$176Additional noninterest income
$2,737Total noninterest expense
$1,533Salaries and employee benefits
$462Premises and equipment expense
$742Additional noninterest expense
$1,195Pre-tax net operating income
$0Securities gains (losses)
$359Applicable income taxes
$836Income before extraordinary items
$0Extraordinary gains - net
$836Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$65Sale, conversion, retirement of capital stock, net
$105Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.91%Yield on earning assets
4.15%Cost of funding earning assets
3.76%Net interest margin
0.86%Noninterest income to earning assets
3.13%Noninterest expense to earning assets
0.87%Net operating income to assets
0.87%Return on assets (ROA)
1.25%Pretax return on assets
9.40%Return on equity (ROE)
8.22%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
184.62%Credit loss provision to net charge-offs
20.23%Efficiency ratio
67,201Assets per employee
1.92%Cash dividends to net income (YTD only)
Condition Ratios (%)
12.56%Loss allowance to loans
2.82%Loss allowance to noncurrent loans
255.56%Noncurrent assets plus other real estate owned to assets
0.53%Noncurrent loans to loans
1.10%Net loans and leases to deposits
51.94%Net loans and leases to core deposits
57.84%Equity capital to assets
9.83%Core capital (leverage) ratio
9.67%Tier 1 risk-based capital ratio
19.43%Total risk-based capital ratio
Memoranda
$21Average assets
$95,693Average earning assets
$8,894Average equity
$87,535Average loans
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