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

  • The Bank of Forest in Forest, Mississippi (MS)
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The Bank of Forest - Overview

  • General
  • FDIC Certificate #: 898
    Status: Active
    Federal Reserve ID: 642437
    Bank Holding Company (Regulatory Top Holder): First Forest Corporation (RSSDID: 1085518, Location: Forest, MS)
    Date Established: March 27, 1900
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    OTS Docket #: 11435
    FDIC's unique #: 576
    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: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 26, 2007
    Last Structure Change Process Date: May 21, 2007
    Last Data Update: May 21, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 211 West Third Street, Forest, MS 39074
    County: Scott
    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
  • History of Changes
  • Change in Supervisory Agency
    Institution Withdraws from FRS (Federal Reserve System)
    Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $142.3 mil
    Equity capital: $21.0 mil
    Deposits held in domestic offices: $115.7 mil
    Return on assets (ROA): 0.45% ($0.6 mil)
    Quarterly return on assets: -0.64% (-$0.9 mil)
    Return on Equity (ROE): 3.10% ($0.7 mil)
    Quarterly return on equity: -4.30% (-$0.9 mil)
    Net income: $0.7 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: 0.45% ($640.4 mil)
    Quarterly Pretax return on assets: -0.64% (-$910.8 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
  • 53Total employees (full-time equivalent)
  • $142,309Total assets
  • $6,729Cash and due from depository institutions
  • $3,092Interest-bearing balances
  • $55,088Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $69,241Net loans & leases
  • $1,169Loan loss allowance
  • $0Trading account assets
  • $5,696Bank premises and fixed assets
  • $1,480Other real estate owned
  • $10Goodwill and other intangibles
  • $142,309Life insurance assets
  • $4,065All other assets
  • $121,356Total liabilities and capital
  • $115,679Total liabilities
  • $101,554Total deposits
  • $115,679Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,304Trading liabilities
  • $0Other borrowed funds
  • $373Subordinated debt
  • $20,953All other liabilities
  • $20,953Total equity capital
  • $20,953Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $6,501Surplus
  • $14,152Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $230Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $580Income earned, not collected on loans
  • $0Earning assets
  • $779Long-term assets (5+ years)
  • $127,421Average Assets, year-to-date
  • $23,142Average Assets, quarterly
  • $143,219Volatile liabilities
  • $143,170Insider loans
  • $83,749FHLB advances
  • $143,397Loans and leases held for sale
  • $2,038Unused loan commitments
  • $1,015Tier 1 (core) risk-based capital
  • $19,627Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,023Total unused commitments
  • $6,197Restructured Loans and leases
  • $1,367Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,021Total interest income
  • $1,103Total interest expense
  • $4,918Net interest income
  • $707Provision for loan and lease losses
  • $1,457Total noninterest income
  • $0Fiduciary activities
  • $637Service charges on deposit accounts
  • $0Trading account gains & fees
  • $820Additional noninterest income
  • $5,042Total noninterest expense
  • $2,714Salaries and employee benefits
  • $579Premises and equipment expense
  • $1,749Additional noninterest expense
  • $626Pre-tax net operating income
  • $24Securities gains (losses)
  • $0Applicable income taxes
  • $650Income before extraordinary items
  • $0Extraordinary gains - net
  • $650Net income attributable to bank
  • $0Net charge-offs
  • $650Cash dividends
  • $824Sale, conversion, retirement of capital stock, net
  • $600Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.70%Yield on earning assets
  • 0.86%Cost of funding earning assets
  • 3.84%Net interest margin
  • 1.14%Noninterest income to earning assets
  • 3.94%Noninterest expense to earning assets
  • 0.44%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.45%Pretax return on assets
  • 3.10%Return on equity (ROE)
  • 0.24%Retained earnings to average equity (YTD only)
  • 1.15%Net charge-offs to loans
  • 85.80%Credit loss provision to net charge-offs
  • 1.62%Efficiency ratio
  • 79,090Assets per employee
  • 2.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 92.31%Loss allowance to loans
  • 1.66%Loss allowance to noncurrent loans
  • 201.55%Noncurrent assets plus other real estate owned to assets
  • 1.45%Noncurrent loans to loans
  • 0.82%Net loans and leases to deposits
  • 59.86%Net loans and leases to core deposits
  • 64.36%Equity capital to assets
  • 14.72%Core capital (leverage) ratio
  • 13.69%Tier 1 risk-based capital ratio
  • 23.44%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $143,219Average earning assets
  • $20,994Average equity
  • $128,074Average loans

List of branches

  • 3 Mississippi Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0576The Bank Of Forest211 West Third Street, Forest, MS 39074March 27, 1900Full Service Brick and Mortar
    4445228Rankin County Branch1080 River Oaks Drive, Suite A202, Flowood, MS 39232June 27, 2005Limited Service Loan Production
    5468428Flowood Branch1698 Old Fannin Road, Flowood, MS 39232August 29, 2007Full Service Brick and Mortar

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