State Bank & Trust Company in Greenwood, Mississippi (MS), LA, AL
| State Bank & Trust Company | |
|---|---|
| General | FDIC Certificate #: 8878 Status: Active Federal Reserve ID: 736448 Bank Holding Company (Regulatory Top Holder): State Bank & Trust Company Employee Stock Ownership Plan (RSSDID: 3131893, Location: Greenwood, MS) Date Established: November 01, 1898 WWW: http://www.statebank1898.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 37 (Domestic: 37, Interstate: Yes) OTS Docket #: 14790 FDIC's unique #: 5670 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: July 01, 2007 Last Structure Change Process Date: July 17, 2007 Last Data Update: July 17, 2007 Data Source Date: April 05, 2012 |
| Location | Address: 916 Highway 82 Bypass, Greenwood, MS 38930 County: Leflore 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): Greenwood, MS (#24900) CBSA Micro Statistical Area: Yes |
| History of Changes | Participated in Absorption/Consolidation/Merger |
| Financial Summary | Total assets: $921.1 mil Equity capital: $108.0 mil Deposits held in domestic offices: $738.4 mil Return on assets (ROA): 0.55% ($5.1 mil) Quarterly return on assets: 0.62% ($5.7 mil) Return on Equity (ROE): 4.60% ($5.0 mil) Quarterly return on equity: 5.23% ($5.6 mil) Net income: $5.1 mil Quarterly Net income: $1.4 mil Pretax return on assets: 0.80% ($7,368.4 mil) Quarterly Pretax return on assets: 0.85% ($7,829.0 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 305 |
| Total assets | $921,053 |
| Cash and due from depository institutions | $20,261 |
| Interest-bearing balances | $318 |
| Securities | $116,861 |
| Federal funds sold & reverse repurchase agreements | $29,355 |
| Net loans & leases | $646,914 |
| Loan loss allowance | $7,231 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $35,397 |
| Other real estate owned | $7,909 |
| Goodwill and other intangibles | $28,443 |
| All other assets | $35,913 |
| Life insurance assets | $921,053 |
| Total liabilities and capital | $812,344 |
| Total liabilities | $738,445 |
| Total deposits | $690,757 |
| Interest-bearing deposits | $738,445 |
| Deposits held in domestic offices | $86 |
| % insured (estimated) | 25180.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $40,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $8,719 |
| All other liabilities | $108,709 |
| Total equity capital | $107,970 |
| Total bank equity capital | $107,970 |
| Perpetual preferred stock | $0 |
| Common stock | $224 |
| Surplus | $78,084 |
| Undivided profits | $29,662 |
| Memoranda | |
| Noncurrent loans and leases | $739 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $8,710 |
| Earning assets | $1,058 |
| Long-term assets (5+ years) | $4,591 |
| Average Assets, year-to-date | $793,448 |
| Average Assets, quarterly | $171,846 |
| Volatile liabilities | $918,731 |
| Insider loans | $922,420 |
| FHLB advances | $718,271 |
| Loans and leases held for sale | $891,778 |
| Unused loan commitments | $23,316 |
| Tier 1 (core) risk-based capital | $18,854 |
| Tier 2 risk-based capital | $79,513 |
| Total risk weighted assets | $4,462 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $61,924 |
| Derivatives | $4,671 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $42,928 |
| Total interest expense | $9,892 |
| Net interest income | $33,036 |
| Provision for loan and lease losses | $5,553 |
| Total noninterest income | $6,571 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $5,609 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $962 |
| Total noninterest expense | $27,904 |
| Salaries and employee benefits | $16,514 |
| Premises and equipment expense | $4,720 |
| Additional noninterest expense | $6,670 |
| Pre-tax net operating income | $6,150 |
| Securities gains (losses) | $1,213 |
| Applicable income taxes | $2,308 |
| Income before extraordinary items | $5,055 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $5,055 |
| Net charge-offs | $0 |
| Cash dividends | $5,055 |
| Sale, conversion, retirement of capital stock, net | $3,779 |
| Net operating income | $5,000 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.46% |
| Cost of funding earning assets | 1.26% |
| Net interest margin | 4.20% |
| Noninterest income to earning assets | 0.84% |
| Noninterest expense to earning assets | 3.55% |
| Net operating income to assets | 0.46% |
| Return on assets (ROA) | 0.55% |
| Pretax return on assets | 0.80% |
| Return on equity (ROE) | 4.60% |
| Retained earnings to average equity (YTD only) | 0.05% |
| Net charge-offs to loans | 0.59% |
| Credit loss provision to net charge-offs | 146.94% |
| Efficiency ratio | 3.10% |
| Assets per employee | $69,829 |
| Cash dividends to net income (YTD only) | 3.02% |
| Condition Ratios (%) | |
| Loss allowance to loans | 98.91% |
| Loss allowance to noncurrent loans | 1.11% |
| Noncurrent assets plus other real estate owned to assets | 83.02% |
| Noncurrent loans to loans | 1.84% |
| Net loans and leases to deposits | 1.33% |
| Net loans and leases to core deposits | 87.60% |
| Equity capital to assets | 91.81% |
| Core capital (leverage) ratio | 11.72% |
| Tier 1 risk-based capital ratio | 8.92% |
| Total risk-based capital ratio | 11.07% |
| Memoranda | |
| Average assets | $12 |
| Average earning assets | $918,731 |
| Average equity | $109,873 |
| Average loans | $786,010 |
| Total Fiduciary and Related Assets (December 31, 2004) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $2,769 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $2,769 |
| Employee benefit-defined contribution accounts | $2,769 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $0 |
| Number of Accounts | 2 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| 4 Alabama Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 52 | 11476 | The American Bank (Geneva) Branch | 201 South Commerce Street, Geneva, AL 36340 | August 26, 1955 | Full Service Brick and Mortar |  |
| 55 | 480388 | Mobile Branch | 1141 Montlimar Drive, Suite 3010, Mobile, AL 36609 | August 01, 2008 | Full Service Brick and Mortar | |
| 57 | 495021 | Cottage Hill Branch | 7785 Cottage Hill Road, Mobile, AL 36695 | September 28, 2009 | Full Service Brick and Mortar | |
| 60 | 520570 | Enterprise Loan Production Office | 557 Glover Avenue, Suite 4, Enterprise, AL 36330 | May 10, 2011 | Limited Service Loan Production | |
| 10 Louisiana Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 34 | 15446 | First Bank Branch | 665 Florida Street, Baton Rouge, LA 70801 | Febuary 18, 1976 | Full Service Brick and Mortar | |
| 35 | 254262 | Eunice Branch | 151 South Fourth Street, Eunice, LA 70535 | April 06, 1999 | Full Service Brick and Mortar | |
| 36 | 362882 | Highland Road Branch | 107 Founders Drive, Baton Rouge, LA 70810 | October 15, 2001 | Full Service Brick and Mortar | |
| 39 | 440149 | New Roads Branch | 2600 False River Drive, New Roads, LA 70760 | May 02, 2005 | Full Service Brick and Mortar | |
| 40 | 443343 | Denham Springs Branch | 923 South Range Avenue, Denham Springs, LA 70726 | August 08, 2005 | Full Service Brick and Mortar | |
| 47 | 453841 | Mandeville Branch | 1700 Highway 59, Mandeville, LA 70448 | July 24, 2006 | Full Service Brick and Mortar | |
| 51 | 464438 | Sherwood Forest Branch | 1939 South Sherwood Forest Bouelvard, Baton Rouge, LA 70816 | June 04, 2007 | Full Service Brick and Mortar | |
| 56 | 486586 | Hammond Branch | Fagan Drive, Hammond, LA 70403 | December 15, 2008 | Full Service Brick and Mortar | |
| 58 | 514529 | Slidell Lpo | 2040 Gause Boulevard East, Suite 10, Slidell, LA 70461 | November 18, 2010 | Limited Service Loan Production | |
| 59 | 517238 | State Bank & Trust Slidell Loan Prod | 300 Gause Boulevard, Slidell, LA 70461 | November 22, 2010 | Limited Service Loan Production | |
| 23 Mississippi Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5670 | State Bank & Trust Company | 916 Highway 82 Bypass, Greenwood, MS 38930 | November 01, 1898 | Full Service Brick and Mortar |  |
| 3 | 219098 | Rosedale Branch | 400 Main Street, Rosedale, MS 38769 | June 01, 1971 | Full Service Brick and Mortar | |
| 5 | 219100 | Cleveland Branch | 100 Sunflower Road, Cleveland, MS 38732 | Febuary 25, 1985 | Full Service Brick and Mortar | |
| 8 | 219103 | Ridgeland Branch | 414 Highway 51 North, Ridgeland, MS 39157 | June 30, 1989 | Full Service Brick and Mortar | |
| 15 | 219107 | Grenada Branch | 1754 South Commerce Street, Grenada, MS 38901 | June 27, 1997 | Full Service Brick and Mortar | |
| 16 | 219108 | Flowood Branch | 2845 Lakeland Drive, Flowood, MS 39232 | September 28, 1998 | Full Service Brick and Mortar | |
| 20 | 219112 | West Park Avenue Branch - Greenwood | 500 West Park Avenue, Greenwood, MS 38935 | September 27, 1999 | Full Service Brick and Mortar | |
| 22 | 9728 | State Bank & Trust Company Branch | 147 South Railroad Avenue, Brookhaven, MS 39601 | August 01, 1936 | Full Service Brick and Mortar | |
| 23 | 233922 | Drive-In Teller Window Branch | 846 East Monticello Street, Brookhaven, MS 39601 | June 28, 1973 | Limited Service Facility | |
| 24 | 233923 | Brookhaven Branch | 600 Brookway Boulevard, Brookhaven, MS 39601 | September 26, 1988 | Full Service Brick and Mortar | |
| 25 | 358625 | Mccomb Branch | 210 State Street, Mccomb, MS 39648 | June 23, 2000 | Full Service Brick and Mortar | |
| 27 | 360848 | Monticello Branch | 332 Broad Street, Monticello, MS 39654 | July 16, 2001 | Full Service Brick and Mortar | |
| 31 | 5457 | Mississippi Southern Bank Branch | 609 Farmer Street, Port Gibson, MS 39150 | January 29, 1901 | Full Service Brick and Mortar | |
| 32 | 418681 | Columbia Branch | 428 Sumrall Road, Columbia, MS 39429 | March 10, 2003 | Full Service Brick and Mortar | |
| 41 | 450394 | State Bank & Trust Company, Mccomb Bank | 1028 Highway 51, Mccomb, MS 39648 | March 31, 2006 | Full Service Brick and Mortar | |
| 42 | 451193 | Ridgeland Branch | 618 Crescent Boulevard, Suite 100, Ridgeland, MS 39157 | May 09, 2006 | Full Service Brick and Mortar | |
| 43 | 15367 | Consumer National Bank Branch | 140 West Pearl Street, Jackson, MS 39202 | October 01, 1975 | Full Service Brick and Mortar | |
| 45 | 254092 | Crossgates Branch | 332 Crossgates Boulevard, Brandon, MS 39042 | November 11, 1996 | Full Service Brick and Mortar | |
| 46 | 431746 | Maywood Branch | 4678 I-55 North, Jackson, MS 39211 | March 22, 2004 | Full Service Brick and Mortar | |
| 49 | 457617 | State Bank & Trust Company | 120 West Presley Blvd, Mccomb, MS 39648 | July 05, 2006 | Full Service Brick and Mortar | |
| 50 | 461966 | Byram Bank Branch | 7375 Siwell Road, Byram, MS 39272 | April 02, 2007 | Full Service Brick and Mortar | |
| 53 | 467481 | Cleveland Branch | 620 North Davis, Cleveland, MS 38732 | August 27, 2007 | Full Service Brick and Mortar | |
| 54 | 473058 | Grenada Branch | 1663 Sunset Drive, Grenada, MS 38901 | March 03, 2008 | Full Service Brick and Mortar | |
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