The Bank of Edwards in Edwards, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1995

The Bank of Edwards in Edwards, Mississippi (MS)
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The Bank of Edwards - Overview

General
FDIC Certificate #: 325
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Merchants Bank (#4997)
Federal Reserve ID: 518336
Date Established: September 08, 1904
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 261
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: January 01, 1934
Last Structure Change Effective Date: April 01, 1995
Last Structure Change Process Date: April 18, 1995
Last Data Update: April 18, 1995
Data Source Date: April 05, 2012
Location
Address: 100 South Magnolia Street, Edwards, MS 39066
County: Hinds
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
Metropolitan Statistical Area (MSA): Jackson, MS (#3560)
Combined Statistical Area (CSA): Jackson-Yazoo City, MS (#298)
Core Based Statistical Area (CBSA): Jackson, MS (#27140)
CBSA Metro Statistical Area: Jackson, MS (#27140)
Financial Summary
Total assets: $13.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$14Total assets
$14,827Cash and due from depository institutions
$1,094Interest-bearing balances
$621Securities
$3,877Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$8,419Loan loss allowance
$1,201Trading account assets
$0Bank premises and fixed assets
$227Other real estate owned
$0Goodwill and other intangibles
$1,210Life insurance assets
$0All other assets
$0Total liabilities and capital
$14,827Total liabilities
$14,253Total deposits
$12,786Interest-bearing deposits
$10,321Deposits held in domestic offices
12786.00%% insured (estimated)
$82Federal funds purchased & repurchase agreements
$1,400Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$67Total equity capital
$67Total bank equity capital
$574Perpetual preferred stock
$0Common stock
$100Surplus
$1,200Undivided profits
Memoranda
$-726Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$20Income earned, not collected on loans
$100Earning assets
$12,917Long-term assets (5+ years)
$3,842Average Assets, year-to-date
$15,858Average Assets, quarterly
$15,729Volatile liabilities
$4,734Insider loans
$305FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$574Total risk weighted assets
$9,748Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$1,391Total interest expense
$375Net interest income
$1,016Provision for loan and lease losses
$2,962Total noninterest income
$250Fiduciary activities
$0Service charges on deposit accounts
$174Trading account gains & fees
$0Additional noninterest income
$76Total noninterest expense
$646Salaries and employee benefits
$397Premises and equipment expense
$84Additional noninterest expense
$165Pre-tax net operating income
-$2,342Securities gains (losses)
$0Applicable income taxes
-$784Income before extraordinary items
-$1,558Extraordinary gains - net
$0Net income attributable to bank
-$1,558Net charge-offs
$2,221Cash dividends
$100Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.76%Cost of funding earning assets
2.63%Net interest margin
7.13%Noninterest income to earning assets
1.75%Noninterest expense to earning assets
4.53%Net operating income to assets
-9.82%Return on assets (ROA)
-9.82%Pretax return on assets
-14.77%Return on equity (ROE)
-77.34%Retained earnings to average equity (YTD only)
-82.30%Net charge-offs to loans
21.40%Credit loss provision to net charge-offs
133.36%Efficiency ratio
51,027Assets per employee
1.06%Cash dividends to net income (YTD only)
Condition Ratios (%)
-6.42%Loss allowance to loans
12.48%Loss allowance to noncurrent loans
6005.00%Noncurrent assets plus other real estate owned to assets
0.13%Noncurrent loans to loans
0.21%Net loans and leases to deposits
65.85%Net loans and leases to core deposits
89.07%Equity capital to assets
3.87%Core capital (leverage) ratio
3.67%Tier 1 risk-based capital ratio
5.89%Total risk-based capital ratio
Memoranda
$7Average assets
$15,858Average earning assets
$2,015Average equity
$14,259Average loans

1

Candas Lovie Myles Ingram

Jul 11, 2023 @ 5:17 pm

Where there any standing accounts when the merger took place?

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