Sycamore Bank in Senatobia, Mississippi (MS)
| Sycamore Bank | |
|---|---|
| General | FDIC Certificate #: 11423 Status: Active Federal Reserve ID: 924843 Bank Holding Company (Regulatory Top Holder): Tate Financial Corporation (RSSDID: 1119589, Location: Senatobia, MS) Date Established: March 13, 1900 WWW: http://www.sycamorebank.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Domestic: 5, Interstate: No) FDIC's unique #: 7294 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: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 301 East Main Street, Senatobia, MS 38668 County: Tate 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: West Core Based Statistical Area (CBSA): Memphis, TN-MS-AR (#32820) CBSA Metro Statistical Area: Memphis, TN-MS-AR (#32820) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $177.0 mil Equity capital: $19.2 mil Deposits held in domestic offices: $156.7 mil Return on assets (ROA): 0.35% ($0.6 mil) Quarterly return on assets: -0.59% (-$1.0 mil) Return on Equity (ROE): 3.20% ($0.6 mil) Quarterly return on equity: -5.33% (-$1.0 mil) Net income: $0.6 mil Quarterly Net income: -$0.3 mil Pretax return on assets: 0.39% ($690.1 mil) Quarterly Pretax return on assets: -1.28% (-$2,265.1 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 62 |
| Total assets | $176,959 |
| Cash and due from depository institutions | $4,003 |
| Interest-bearing balances | $7 |
| Securities | $30,043 |
| Federal funds sold & reverse repurchase agreements | $11,075 |
| Net loans & leases | $113,400 |
| Loan loss allowance | $1,940 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $6,096 |
| Other real estate owned | $3,020 |
| Goodwill and other intangibles | $0 |
| All other assets | $9,322 |
| Life insurance assets | $176,959 |
| Total liabilities and capital | $157,754 |
| Total liabilities | $156,718 |
| Total deposits | $138,871 |
| Interest-bearing deposits | $156,718 |
| Deposits held in domestic offices | $84 |
| % insured (estimated) | 332.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $704 |
| All other liabilities | $19,205 |
| Total equity capital | $19,205 |
| Total bank equity capital | $19,205 |
| Perpetual preferred stock | $0 |
| Common stock | $564 |
| Surplus | $13,432 |
| Undivided profits | $5,209 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $1,476 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $825 |
| Average Assets, year-to-date | $154,525 |
| Average Assets, quarterly | $26,475 |
| Volatile liabilities | $177,894 |
| Insider loans | $176,684 |
| FHLB advances | $127,254 |
| Loans and leases held for sale | $177,777 |
| Unused loan commitments | $3,927 |
| Tier 1 (core) risk-based capital | $3,927 |
| Tier 2 risk-based capital | $18,010 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $9,395 |
| Derivatives | $3,250 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $7,807 |
| Total interest expense | $989 |
| Net interest income | $6,818 |
| Provision for loan and lease losses | $543 |
| Total noninterest income | $762 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $1,184 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$422 |
| Total noninterest expense | $6,347 |
| Salaries and employee benefits | $3,205 |
| Premises and equipment expense | $1,166 |
| Additional noninterest expense | $1,976 |
| Pre-tax net operating income | $690 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $76 |
| Income before extraordinary items | $614 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $614 |
| Net charge-offs | $0 |
| Cash dividends | $614 |
| Sale, conversion, retirement of capital stock, net | $862 |
| Net operating income | $578 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.08% |
| Cost of funding earning assets | 0.64% |
| Net interest margin | 4.44% |
| Noninterest income to earning assets | 0.50% |
| Noninterest expense to earning assets | 4.13% |
| Net operating income to assets | 0.35% |
| Return on assets (ROA) | 0.35% |
| Pretax return on assets | 0.39% |
| Return on equity (ROE) | 3.20% |
| Retained earnings to average equity (YTD only) | 0.19% |
| Net charge-offs to loans | 0.74% |
| Credit loss provision to net charge-offs | 62.99% |
| Efficiency ratio | 1.43% |
| Assets per employee | $83,734 |
| Cash dividends to net income (YTD only) | 2.85% |
| Condition Ratios (%) | |
| Loss allowance to loans | 94.14% |
| Loss allowance to noncurrent loans | 1.68% |
| Noncurrent assets plus other real estate owned to assets | 131.44% |
| Noncurrent loans to loans | 2.54% |
| Net loans and leases to deposits | 1.28% |
| Net loans and leases to core deposits | 72.36% |
| Equity capital to assets | 76.30% |
| Core capital (leverage) ratio | 10.85% |
| Tier 1 risk-based capital ratio | 10.13% |
| Total risk-based capital ratio | 14.15% |
| Memoranda | |
| Average assets | $15 |
| Average earning assets | $177,894 |
| Average equity | $19,211 |
| Average loans | $153,675 |
| 5 Mississippi Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 7294 | Sycamore Bank | 301 East Main Street, Senatobia, MS 38668 | March 13, 1900 | Full Service Brick and Mortar |  |
| 2 | 224611 | Independence Branch | Highway 305, Independence, MS 38638 | August 21, 1974 | Full Service Brick and Mortar |  |
| 4 | 7302 | Coldwater Branch | Main Street, Coldwater, MS 38618 | May 02, 1927 | Full Service Brick and Mortar | |
| 9 | 441495 | Southaven Branch | 6830 Getwell Road, Southaven, MS 38672 | July 08, 2005 | Full Service Brick and Mortar | |
| 10 | 468831 | Hernando Branch | 1025 East Commerce Street, Hernando, MS 38632 | October 23, 2007 | Full Service Brick and Mortar | |
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