Southern Bancorp Bank in Ruleville, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 01, 2009

  • Southern Bancorp Bank in Ruleville, Mississippi (MS)
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Southern Bancorp Bank - Overview

  • General
  • FDIC Certificate #: 328
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Southern Bancorp Bank (#1528)
    Federal Reserve ID: 973140
    Date Established: November 01, 1902
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 14 (Interstate: No)
    FDIC's unique #: 264
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 01, 2009
    Last Structure Change Process Date: December 11, 2009
    Last Data Update: December 11, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 117 West Floyce Street, Ruleville, MS 38771
    County: Sunflower
    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
    Core Based Statistical Area (CBSA): Indianola, MS (#26940)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $175.2 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, 2008)

  • Dollar figures in thousands
  • 60Total employees (full-time equivalent)
  • $168,500Total assets
  • $10,686Cash and due from depository institutions
  • $6,453Interest-bearing balances
  • $34,135Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $102,075Net loans & leases
  • $939Loan loss allowance
  • $0Trading account assets
  • $11,786Bank premises and fixed assets
  • $365Other real estate owned
  • $4,756Goodwill and other intangibles
  • $1,375Life insurance assets
  • $4,697All other assets
  • $168,500Total liabilities and capital
  • $148,312Total liabilities
  • $119,323Total deposits
  • $102,388Interest-bearing deposits
  • $119,323Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $13,445Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $14,000Other borrowed funds
  • $0Subordinated debt
  • $1,544All other liabilities
  • $20,188Total equity capital
  • $20,188Total bank equity capital
  • $20,188Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $16,040Undivided profits
  • Memoranda
  • $4,048Noncurrent loans and leases
  • $7,851Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $990Earning assets
  • $0Long-term assets (5+ years)
  • $1,574Average Assets, year-to-date
  • $142,663Average Assets, quarterly
  • $25,477Volatile liabilities
  • $168,875Insider loans
  • $172,176FHLB advances
  • $56,920Loans and leases held for sale
  • $1,572Unused loan commitments
  • $14,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $7,851Total unused commitments
  • $0Restructured Loans and leases
  • $939Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $9,162Total interest income
  • $3,572Total interest expense
  • $5,590Net interest income
  • $309Provision for loan and lease losses
  • $1,593Total noninterest income
  • $0Fiduciary activities
  • $1,245Service charges on deposit accounts
  • $0Trading account gains & fees
  • $348Additional noninterest income
  • $5,704Total noninterest expense
  • $2,727Salaries and employee benefits
  • $1,010Premises and equipment expense
  • $1,967Additional noninterest expense
  • $1,170Pre-tax net operating income
  • $10Securities gains (losses)
  • $285Applicable income taxes
  • $895Income before extraordinary items
  • $0Extraordinary gains - net
  • $895Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $271Sale, conversion, retirement of capital stock, net
  • $3,600Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.40%Yield on earning assets
  • 2.49%Cost of funding earning assets
  • 3.90%Net interest margin
  • 1.11%Noninterest income to earning assets
  • 3.98%Noninterest expense to earning assets
  • 0.53%Net operating income to assets
  • 0.53%Return on assets (ROA)
  • 0.70%Pretax return on assets
  • 4.31%Return on equity (ROE)
  • -13.04%Retained earnings to average equity (YTD only)
  • 0.29%Net charge-offs to loans
  • 114.02%Credit loss provision to net charge-offs
  • 5.46%Efficiency ratio
  • 79,410Assets per employee
  • 2.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 402.23%Loss allowance to loans
  • 0.91%Loss allowance to noncurrent loans
  • 94.85%Noncurrent assets plus other real estate owned to assets
  • 0.80%Noncurrent loans to loans
  • 0.96%Net loans and leases to deposits
  • 85.55%Net loans and leases to core deposits
  • 113.61%Equity capital to assets
  • 11.98%Core capital (leverage) ratio
  • 9.42%Tier 1 risk-based capital ratio
  • 13.19%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $168,875Average earning assets
  • $20,752Average equity
  • $143,223Average loans

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