Southern Bank of Commerce in Paragould, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 20, 2009

  • Southern Bank of Commerce in Paragould, Arkansas (AR)
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Southern Bank of Commerce - Overview

  • General
  • FDIC Certificate #: 35335
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Southern Bank (#28332)
    Federal Reserve ID: 2837059
    Date Established: November 17, 1999
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 78241
    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: November 17, 1999
    Last Structure Change Effective Date: July 20, 2009
    Last Structure Change Process Date: August 14, 2009
    Last Data Update: August 14, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 1727 West Kingshighway, Paragould, AR 72451
    County: Greene
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Memphis
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Western
    Combined Statistical Area (CSA): Jonesboro-Paragould, AR (#308)
    Core Based Statistical Area (CBSA): Paragould, AR (#37500)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $30.3 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
  • 21Total employees (full-time equivalent)
  • $28,385Total assets
  • $5,264Cash and due from depository institutions
  • $2,183Interest-bearing balances
  • $1,972Securities
  • $730Federal funds sold & reverse repurchase agreements
  • $17,985Net loans & leases
  • $863Loan loss allowance
  • $0Trading account assets
  • $1,341Bank premises and fixed assets
  • $535Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $558All other assets
  • $28,385Total liabilities and capital
  • $26,822Total liabilities
  • $26,707Total deposits
  • $25,609Interest-bearing deposits
  • $26,707Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $115All other liabilities
  • $1,563Total equity capital
  • $1,563Total bank equity capital
  • $1,563Perpetual preferred stock
  • $0Common stock
  • $381Surplus
  • $3,433Undivided profits
  • Memoranda
  • $-2,251Noncurrent loans and leases
  • $327Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,722Earning assets
  • $0Long-term assets (5+ years)
  • $176Average Assets, year-to-date
  • $22,870Average Assets, quarterly
  • $2,788Volatile liabilities
  • $30,536Insider loans
  • $29,144FHLB advances
  • $9,025Loans and leases held for sale
  • $164Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $327Total unused commitments
  • $0Restructured Loans and leases
  • $220Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $1,951Total interest income
  • $1,181Total interest expense
  • $770Net interest income
  • $825Provision for loan and lease losses
  • $116Total noninterest income
  • $0Fiduciary activities
  • $104Service charges on deposit accounts
  • $0Trading account gains & fees
  • $12Additional noninterest income
  • $1,973Total noninterest expense
  • $905Salaries and employee benefits
  • $325Premises and equipment expense
  • $743Additional noninterest expense
  • -$1,912Pre-tax net operating income
  • $6Securities gains (losses)
  • $310Applicable income taxes
  • -$2,216Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,216Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $565Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.56%Yield on earning assets
  • 4.58%Cost of funding earning assets
  • 2.98%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 7.64%Noninterest expense to earning assets
  • -7.28%Net operating income to assets
  • -7.26%Return on assets (ROA)
  • -6.24%Pretax return on assets
  • -76.77%Return on equity (ROE)
  • -76.77%Retained earnings to average equity (YTD only)
  • 2.70%Net charge-offs to loans
  • 146.02%Credit loss provision to net charge-offs
  • -1.92%Efficiency ratio
  • 222,686Assets per employee
  • 1.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.58%Loss allowance to noncurrent loans
  • 50.12%Noncurrent assets plus other real estate owned to assets
  • 7.95%Noncurrent loans to loans
  • 9.14%Net loans and leases to deposits
  • 67.34%Net loans and leases to core deposits
  • 101.71%Equity capital to assets
  • 5.51%Core capital (leverage) ratio
  • 5.37%Tier 1 risk-based capital ratio
  • 9.33%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $30,536Average earning assets
  • $2,887Average equity
  • $25,814Average loans

Bank Assets Sold and Securitized (December 31, 2002)

  • Dollar figures in thousands

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