FDIC Certificate #: 15943 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Regions Bank (#12368) Federal Reserve ID: 619952 Date Established: April 01, 1943 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) OTS Docket #: 10003 FDIC's unique #: 10174 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 26, 1943 Last Structure Change Effective Date: November 19, 1998 Last Structure Change Process Date: Febuary 09, 1999 Last Data Update: Febuary 09, 1999 Data Source Date: April 05, 2012
Location
Address: 124 North Main Street, Springhill, LA 71075 County: Webster Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Atlanta FDIC Field Office: Shreveport Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Western Metropolitan Statistical Area (MSA): Shreveport-Bossier City, LA (#7680) Combined Statistical Area (CSA): Shreveport-Bossier City-Minden, LA (#508) Core Based Statistical Area (CBSA): Minden, LA (#33380) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $64.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
28Total employees (full-time equivalent)
$63,328Total assets
$2,638Cash and due from depository institutions
$12Interest-bearing balances
$21,434Securities
$875Federal funds sold & reverse repurchase agreements
$32,853Net loans & leases
$695Loan loss allowance
$0Trading account assets
$834Bank premises and fixed assets
$94Other real estate owned
$4,101Goodwill and other intangibles
$0Life insurance assets
$499All other assets
$63,328Total liabilities and capital
$52,103Total liabilities
$49,268Total deposits
$42,648Interest-bearing deposits
$49,268Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,546Other borrowed funds
$0Subordinated debt
$289All other liabilities
$11,225Total equity capital
$11,225Total bank equity capital
$11,225Perpetual preferred stock
$0Common stock
$300Surplus
$10,005Undivided profits
Memoranda
$920Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$167Earning assets
$0Long-term assets (5+ years)
$214Average Assets, year-to-date
$55,174Average Assets, quarterly
$5,413Volatile liabilities
$64,028Insider loans
$63,780FHLB advances
$7,093Loans and leases held for sale
$1,165Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,996Total unused commitments
$0Restructured Loans and leases
$34,715Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$4,379Total interest income
$1,839Total interest expense
$2,540Net interest income
$7Provision for loan and lease losses
$310Total noninterest income
$0Fiduciary activities
$255Service charges on deposit accounts
$0Trading account gains & fees
$55Additional noninterest income
$1,981Total noninterest expense
$876Salaries and employee benefits
$279Premises and equipment expense
$826Additional noninterest expense
$862Pre-tax net operating income
$0Securities gains (losses)
$411Applicable income taxes
$451Income before extraordinary items
$0Extraordinary gains - net
$451Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$105Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.83%Yield on earning assets
3.29%Cost of funding earning assets
4.54%Net interest margin
0.55%Noninterest income to earning assets
3.54%Noninterest expense to earning assets
0.70%Net operating income to assets
0.70%Return on assets (ROA)
1.35%Pretax return on assets
4.11%Return on equity (ROE)
4.11%Retained earnings to average equity (YTD only)
0.33%Net charge-offs to loans
6.67%Credit loss provision to net charge-offs
8.28%Efficiency ratio
58,386Assets per employee
2.26%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.07%Loss allowance to noncurrent loans
416.17%Noncurrent assets plus other real estate owned to assets
0.41%Noncurrent loans to loans
0.50%Net loans and leases to deposits
66.68%Net loans and leases to core deposits
77.90%Equity capital to assets
17.73%Core capital (leverage) ratio
11.88%Tier 1 risk-based capital ratio
20.52%Total risk-based capital ratio
Memoranda
$22Average assets
$64,028Average earning assets
$10,971Average equity
$55,961Average loans
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