The Bank of Forest in Forest, Mississippi (MS)

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The Bank of Forest routing number info

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The Bank of Forest
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Supervisory Agency
Institution Withdraws from FRS (Federal Reserve System)
Change in Primary Regulatory Agency
Financial SummaryTotal 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)
Total employees (full-time equivalent)53
Total assets$142,309
Cash and due from depository institutions$6,729
Interest-bearing balances$3,092
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$69,241
Loan loss allowance $1,169
Trading account assets$0
Bank premises and fixed assets$5,696
Other real estate owned$1,480
Goodwill and other intangibles$10
All other assets$4,065
Life insurance assets$142,309
Total liabilities and capital$121,356
Total liabilities$115,679
Total deposits$101,554
Interest-bearing deposits$115,679
Deposits held in domestic offices$89
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$5,304
Other borrowed funds $0
Subordinated debt $373
All other liabilities $20,953
Total equity capital$20,953
Total bank equity capital$20,953
Perpetual preferred stock$0
Common stock$300
Undivided profits $14,152
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $230
Income earned, not collected on loans $580
Earning assets $0
Long-term assets (5+ years) $779
Average Assets, year-to-date $127,421
Average Assets, quarterly $23,142
Volatile liabilities $143,219
Insider loans $143,170
FHLB advances $83,749
Loans and leases held for sale $143,397
Unused loan commitments $2,038
Tier 1 (core) risk-based capital $1,015
Tier 2 risk-based capital $19,627
Total risk weighted assets $0
Total unused commitments $1,023
Restructured Loans and leases $6,197
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,021
Total interest expense $1,103
Net interest income $4,918
Provision for loan and lease losses $707
Total noninterest income $1,457
Fiduciary activities $0
Service charges on deposit accounts $637
Trading account gains & fees $0
Additional noninterest income $820
Total noninterest expense $5,042
Salaries and employee benefits $2,714
Premises and equipment expense $579
Additional noninterest expense $1,749
Pre-tax net operating income $626
Securities gains (losses) $24
Applicable income taxes $0
Income before extraordinary items $650
Extraordinary gains - net $0
Net income attributable to bank $650
Net charge-offs $0
Cash dividends $650
Sale, conversion, retirement of capital stock, net $824
Net operating income $600
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.70%
Cost of funding earning assets 0.86%
Net interest margin 3.84%
Noninterest income to earning assets 1.14%
Noninterest expense to earning assets 3.94%
Net operating income to assets 0.44%
Return on assets (ROA) 0.45%
Pretax return on assets 0.45%
Return on equity (ROE) 3.10%
Retained earnings to average equity (YTD only) 0.24%
Net charge-offs to loans 1.15%
Credit loss provision to net charge-offs 85.80%
Efficiency ratio1.62%
Assets per employee$79,090
Cash dividends to net income (YTD only)2.69%
Condition Ratios (%)
Loss allowance to loans 92.31%
Loss allowance to noncurrent loans 1.66%
Noncurrent assets plus other real estate owned to assets 201.55%
Noncurrent loans to loans 1.45%
Net loans and leases to deposits0.82%
Net loans and leases to core deposits 59.86%
Equity capital to assets 64.36%
Core capital (leverage) ratio 14.72%
Tier 1 risk-based capital ratio 13.69%
Total risk-based capital ratio 23.44%
Average assets$25
Average earning assets$143,219
Average equity $20,994
Average loans $128,074
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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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