FDIC Certificate #: 338 Status: Inactive Closing history: Corrections Acquiring institution:CB&S Bank, Inc. (#15310) Federal Reserve ID: 682349 Date Established: January 01, 1923 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) FDIC's unique #: 268 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: September 29, 2000 Last Structure Change Process Date: October 02, 2000 Last Data Update: October 02, 2000 Data Source Date: April 05, 2012
Location
Address: Main Street, Falkner, MS 38629 County: Tippah 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
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $85.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
28Total employees (full-time equivalent)
$83,547Total assets
$3,316Cash and due from depository institutions
$0Interest-bearing balances
$16,643Securities
$900Federal funds sold & reverse repurchase agreements
$59,409Net loans & leases
$1,328Loan loss allowance
$0Trading account assets
$542Bank premises and fixed assets
$23Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,714All other assets
$83,547Total liabilities and capital
$75,586Total liabilities
$75,064Total deposits
$69,851Interest-bearing deposits
$75,064Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$105Other borrowed funds
$0Subordinated debt
$417All other liabilities
$7,961Total equity capital
$7,961Total bank equity capital
$7,961Perpetual preferred stock
$0Common stock
$250Surplus
$5,823Undivided profits
Memoranda
$1,888Noncurrent loans and leases
$292Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$603Earning assets
$0Long-term assets (5+ years)
$1,140Average Assets, year-to-date
$76,952Average Assets, quarterly
$11,278Volatile liabilities
$80,998Insider loans
$83,034FHLB advances
$16,285Loans and leases held for sale
$440Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$292Total unused commitments
$0Restructured Loans and leases
$783Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$7,525Total interest income
$3,473Total interest expense
$4,052Net interest income
$1,356Provision for loan and lease losses
$458Total noninterest income
$0Fiduciary activities
$387Service charges on deposit accounts
$0Trading account gains & fees
$71Additional noninterest income
$1,880Total noninterest expense
$1,061Salaries and employee benefits
$266Premises and equipment expense
$553Additional noninterest expense
$1,274Pre-tax net operating income
$1Securities gains (losses)
$304Applicable income taxes
$971Income before extraordinary items
$0Extraordinary gains - net
$971Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,295Sale, conversion, retirement of capital stock, net
$150Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
10.01%Yield on earning assets
4.62%Cost of funding earning assets
5.39%Net interest margin
0.61%Noninterest income to earning assets
2.50%Noninterest expense to earning assets
1.20%Net operating income to assets
1.20%Return on assets (ROA)
1.57%Pretax return on assets
12.57%Return on equity (ROE)
10.63%Retained earnings to average equity (YTD only)
2.33%Net charge-offs to loans
104.71%Credit loss provision to net charge-offs
2.03%Efficiency ratio
41,685Assets per employee
2.98%Cash dividends to net income (YTD only)
Condition Ratios (%)
15.45%Loss allowance to loans
2.19%Loss allowance to noncurrent loans
220.23%Noncurrent assets plus other real estate owned to assets
0.75%Noncurrent loans to loans
0.99%Net loans and leases to deposits
79.14%Net loans and leases to core deposits
100.89%Equity capital to assets
9.53%Core capital (leverage) ratio
9.84%Tier 1 risk-based capital ratio
13.28%Total risk-based capital ratio
Memoranda
$15Average assets
$80,998Average earning assets
$7,724Average equity
$75,158Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Bank of Falkner.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: