Sycamore Bank in Senatobia, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Sycamore Bank in Senatobia, Mississippi (MS)
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Sycamore Bank - Overview

  • 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)

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)

  • Dollar figures in thousands
  • 62Total employees (full-time equivalent)
  • $176,959Total assets
  • $4,003Cash and due from depository institutions
  • $7Interest-bearing balances
  • $30,043Securities
  • $11,075Federal funds sold & reverse repurchase agreements
  • $113,400Net loans & leases
  • $1,940Loan loss allowance
  • $0Trading account assets
  • $6,096Bank premises and fixed assets
  • $3,020Other real estate owned
  • $0Goodwill and other intangibles
  • $176,959Life insurance assets
  • $9,322All other assets
  • $157,754Total liabilities and capital
  • $156,718Total liabilities
  • $138,871Total deposits
  • $156,718Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 332.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $704Subordinated debt
  • $19,205All other liabilities
  • $19,205Total equity capital
  • $19,205Total bank equity capital
  • $0Perpetual preferred stock
  • $564Common stock
  • $13,432Surplus
  • $5,209Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,476Income earned, not collected on loans
  • $0Earning assets
  • $825Long-term assets (5+ years)
  • $154,525Average Assets, year-to-date
  • $26,475Average Assets, quarterly
  • $177,894Volatile liabilities
  • $176,684Insider loans
  • $127,254FHLB advances
  • $177,777Loans and leases held for sale
  • $3,927Unused loan commitments
  • $3,927Tier 1 (core) risk-based capital
  • $18,010Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $9,395Restructured Loans and leases
  • $3,250Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,807Total interest income
  • $989Total interest expense
  • $6,818Net interest income
  • $543Provision for loan and lease losses
  • $762Total noninterest income
  • $0Fiduciary activities
  • $1,184Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$422Additional noninterest income
  • $6,347Total noninterest expense
  • $3,205Salaries and employee benefits
  • $1,166Premises and equipment expense
  • $1,976Additional noninterest expense
  • $690Pre-tax net operating income
  • $0Securities gains (losses)
  • $76Applicable income taxes
  • $614Income before extraordinary items
  • $0Extraordinary gains - net
  • $614Net income attributable to bank
  • $0Net charge-offs
  • $614Cash dividends
  • $862Sale, conversion, retirement of capital stock, net
  • $578Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.08%Yield on earning assets
  • 0.64%Cost of funding earning assets
  • 4.44%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 4.13%Noninterest expense to earning assets
  • 0.35%Net operating income to assets
  • 0.35%Return on assets (ROA)
  • 0.39%Pretax return on assets
  • 3.20%Return on equity (ROE)
  • 0.19%Retained earnings to average equity (YTD only)
  • 0.74%Net charge-offs to loans
  • 62.99%Credit loss provision to net charge-offs
  • 1.43%Efficiency ratio
  • 83,734Assets per employee
  • 2.85%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 94.14%Loss allowance to loans
  • 1.68%Loss allowance to noncurrent loans
  • 131.44%Noncurrent assets plus other real estate owned to assets
  • 2.54%Noncurrent loans to loans
  • 1.28%Net loans and leases to deposits
  • 72.36%Net loans and leases to core deposits
  • 76.30%Equity capital to assets
  • 10.85%Core capital (leverage) ratio
  • 10.13%Tier 1 risk-based capital ratio
  • 14.15%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $177,894Average earning assets
  • $19,211Average equity
  • $153,675Average loans

List of branches

  • 5 Mississippi Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07294Sycamore Bank301 East Main Street, Senatobia, MS 38668March 13, 1900Full Service Brick and Mortar
    2224611Independence BranchHighway 305, Independence, MS 38638August 21, 1974Full Service Brick and Mortar
    47302Coldwater BranchMain Street, Coldwater, MS 38618May 02, 1927Full Service Brick and Mortar
    9441495Southaven Branch6830 Getwell Road, Southaven, MS 38672July 08, 2005Full Service Brick and Mortar
    10468831Hernando Branch1025 East Commerce Street, Hernando, MS 38632October 23, 2007Full Service Brick and Mortar

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