SouthTrust Bank of South Mississippi in Biloxi, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 02, 1997

  • SouthTrust Bank of South Mississippi in Biloxi, Mississippi (MS)
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SouthTrust Bank of South Mississippi - Overview

  • General
  • FDIC Certificate #: 22449
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SouthTrust Bank (#849)
    Federal Reserve ID: 929334
    Date Established: April 14, 1977
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Interstate: No)
    OTS Docket #: 14355
    FDIC's unique #: 15647
    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: April 14, 1977
    Last Structure Change Effective Date: June 02, 1997
    Last Structure Change Process Date: June 13, 1997
    Last Data Update: June 14, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 854 West Howard Avenue, Biloxi, MS 39533
    County: Harrison
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Jackson Ms
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Biloxi-Gulfport-Pascagoula, MS (#920)
    Combined Statistical Area (CSA): Gulfport-Biloxi-Pascagoula, MS (#274)
    Core Based Statistical Area (CBSA): Gulfport-Biloxi, MS (#25060)
    CBSA Metro Statistical Area: Gulfport-Biloxi, MS (#25060)
  • Financial Summary
  • Total assets: $147.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $62Total assets
  • $140,420Cash and due from depository institutions
  • $6,225Interest-bearing balances
  • $3Securities
  • $35,451Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $87,475Loan loss allowance
  • $1,023Trading account assets
  • $0Bank premises and fixed assets
  • $3,318Other real estate owned
  • $121Goodwill and other intangibles
  • $4,052Life insurance assets
  • $3,778All other assets
  • $0Total liabilities and capital
  • $140,420Total liabilities
  • $125,996Total deposits
  • $118,293Interest-bearing deposits
  • $97,940Deposits held in domestic offices
  • 118293.00%% insured (estimated)
  • $86Federal funds purchased & repurchase agreements
  • $600Trading liabilities
  • $0Other borrowed funds
  • $2,903Subordinated debt
  • $0All other liabilities
  • $4,200Total equity capital
  • $4,200Total bank equity capital
  • $14,424Perpetual preferred stock
  • $0Common stock
  • $603Surplus
  • $10,027Undivided profits
  • Memoranda
  • $3,794Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $966Income earned, not collected on loans
  • $583Earning assets
  • $122,929Long-term assets (5+ years)
  • $45,532Average Assets, year-to-date
  • $129,280Average Assets, quarterly
  • $136,338Volatile liabilities
  • $38,547Insider loans
  • $1,816FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $9,213Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $10,330Total risk weighted assets
  • $84,248Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,271Total interest expense
  • $4,259Net interest income
  • $5,012Provision for loan and lease losses
  • $270Total noninterest income
  • $994Fiduciary activities
  • $0Service charges on deposit accounts
  • $692Trading account gains & fees
  • $0Additional noninterest income
  • $302Total noninterest expense
  • $4,710Salaries and employee benefits
  • $1,831Premises and equipment expense
  • $533Additional noninterest expense
  • $2,346Pre-tax net operating income
  • $1,026Securities gains (losses)
  • $0Applicable income taxes
  • $351Income before extraordinary items
  • $675Extraordinary gains - net
  • $0Net income attributable to bank
  • $675Net charge-offs
  • $299Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.27%Cost of funding earning assets
  • 3.80%Net interest margin
  • 4.47%Noninterest income to earning assets
  • 0.89%Noninterest expense to earning assets
  • 4.20%Net operating income to assets
  • 0.52%Return on assets (ROA)
  • 0.52%Pretax return on assets
  • 0.79%Return on equity (ROE)
  • 4.81%Retained earnings to average equity (YTD only)
  • 4.81%Net charge-offs to loans
  • 0.40%Credit loss provision to net charge-offs
  • 90.30%Efficiency ratio
  • 73,493Assets per employee
  • 2.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.16%Loss allowance to noncurrent loans
  • 105.90%Noncurrent assets plus other real estate owned to assets
  • 0.77%Noncurrent loans to loans
  • 1.09%Net loans and leases to deposits
  • 73.95%Net loans and leases to core deposits
  • 108.65%Equity capital to assets
  • 10.27%Core capital (leverage) ratio
  • 7.75%Tier 1 risk-based capital ratio
  • 12.26%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $129,280Average earning assets
  • $14,043Average equity
  • $112,055Average loans

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