State Bank & Trust Company in Brookhaven, Mississippi (MS)



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State Bank & Trust Company
GeneralFDIC Certificate #: 15411
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: State Bank & Trust Company (#8878)
Federal Reserve ID: 508131
Date Established: August 01, 1936
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 9728
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: August 05, 1936
Last Structure Change Effective Date: July 31, 2000
Last Structure Change Process Date: August 09, 2000
Last Data Update: August 09, 2000
Data Source Date: April 05, 2012
LocationAddress: 147 South Railroad Avenue, Brookhaven, MS 39601
County: Lincoln
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): Brookhaven, MS (#15020)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $128.3 mil

1992 - 1999 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, 1999)
(Dollar figures in thousands)
Total employees (full-time equivalent)54
Total assets$136,132
Cash and due from depository institutions$8,502
Interest-bearing balances$0
Securities$25,887
Federal funds sold & reverse repurchase agreements$8,650
Net loans & leases$89,097
Loan loss allowance $1,851
Trading account assets$0
Bank premises and fixed assets$1,822
Other real estate owned$83
Goodwill and other intangibles$0
All other assets$2,091
Life insurance assets$0
Total liabilities and capital$136,132
Total liabilities$122,380
Total deposits$121,032
Interest-bearing deposits$96,770
Deposits held in domestic offices$121,032
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $460
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $888
Total equity capital$13,752
Total bank equity capital$13,752
Perpetual preferred stock$13,752
Common stock$0
Surplus$500
Undivided profits $12,300
Memoranda
Noncurrent loans and leases $952
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $8,837
Income earned, not collected on loans $0
Earning assets $2,195
Long-term assets (5+ years) $0
Average Assets, year-to-date $930
Average Assets, quarterly $123,634
Volatile liabilities $2,012
Insider loans $135,551
FHLB advances $135,852
Loans and leases held for sale $22,746
Unused loan commitments $606
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $8,837
Restructured Loans and leases $121
Derivatives$1,182
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Income and Expense (December 31, 1999)
(Dollar figures in thousands)
Total interest income $11,215
Total interest expense $3,618
Net interest income $7,597
Provision for loan and lease losses $1,126
Total noninterest income $1,345
Fiduciary activities $10
Service charges on deposit accounts $890
Trading account gains & fees $0
Additional noninterest income $445
Total noninterest expense $4,598
Salaries and employee benefits $2,077
Premises and equipment expense $836
Additional noninterest expense $1,685
Pre-tax net operating income $3,218
Securities gains (losses) $0
Applicable income taxes $1,140
Income before extraordinary items $2,078
Extraordinary gains - net $0
Net income attributable to bank $2,078
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $1,069
Net operating income $850
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Performance and Condition Ratios (December 31, 1999)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets9.00%
Cost of funding earning assets 2.90%
Net interest margin 6.10%
Noninterest income to earning assets 1.08%
Noninterest expense to earning assets 3.69%
Net operating income to assets 1.53%
Return on assets (ROA) 1.53%
Pretax return on assets 2.37%
Return on equity (ROE) 15.18%
Retained earnings to average equity (YTD only) 8.97%
Net charge-offs to loans 1.21%
Credit loss provision to net charge-offs 105.33%
Efficiency ratio4.06%
Assets per employee$51,420
Cash dividends to net income (YTD only)2.52%
Condition Ratios (%)
Loss allowance to loans 40.90%
Loss allowance to noncurrent loans 2.04%
Noncurrent assets plus other real estate owned to assets 84.33%
Noncurrent loans to loans 1.67%
Net loans and leases to deposits2.41%
Net loans and leases to core deposits 73.61%
Equity capital to assets 90.23%
Core capital (leverage) ratio 10.10%
Tier 1 risk-based capital ratio 10.31%
Total risk-based capital ratio 15.00%
Memoranda
Average assets$16
Average earning assets$135,551
Average equity $13,686
Average loans $124,558
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