The Cleveland State Bank in Cleveland, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches


The Cleveland State Bank - Overview

  • General
  • FDIC Certificate #: 12201
    Status: Active
    Federal Reserve ID: 12142
    Bank Holding Company (Regulatory Top Holder): Cleveland State Bancorp, Inc. (RSSDID: 1913684, Location: Cleveland, MS)
    Date Established: Febuary 08, 1908
    WWW: http://www.clevelandstatebank.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)
    OTS Docket #: 16145
    FDIC's unique #: 7749
    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: 110 Commerce Avenue, Cleveland, MS 38732
    County: Bolivar
    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
    Core Based Statistical Area (CBSA): Cleveland, MS (#17380)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $185.0 mil
    Equity capital: $20.4 mil
    Deposits held in domestic offices: $155.1 mil
    Return on assets (ROA): 0.73% ($1.4 mil)
    Quarterly return on assets: 0.74% ($1.4 mil)
    Return on Equity (ROE): 6.55% ($1.3 mil)
    Quarterly return on equity: 6.53% ($1.3 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.95% ($1,758.0 mil)
    Quarterly Pretax return on assets: 0.92% ($1,702.4 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
  • 69Total employees (full-time equivalent)
  • $185,048Total assets
  • $14,953Cash and due from depository institutions
  • $6,636Interest-bearing balances
  • $53,899Securities
  • $3,950Federal funds sold & reverse repurchase agreements
  • $102,483Net loans & leases
  • $1,755Loan loss allowance
  • $0Trading account assets
  • $5,973Bank premises and fixed assets
  • $133Other real estate owned
  • $0Goodwill and other intangibles
  • $185,048Life insurance assets
  • $3,657All other assets
  • $164,636Total liabilities and capital
  • $155,085Total liabilities
  • $110,901Total deposits
  • $155,085Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 7207.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,344Subordinated debt
  • $20,412All other liabilities
  • $20,412Total equity capital
  • $20,412Total bank equity capital
  • $0Perpetual preferred stock
  • $1,250Common stock
  • $13,250Surplus
  • $5,912Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $198Income earned, not collected on loans
  • $0Earning assets
  • $1,105Long-term assets (5+ years)
  • $166,968Average Assets, year-to-date
  • $38,616Average Assets, quarterly
  • $180,282Volatile liabilities
  • $182,993Insider loans
  • $112,084FHLB advances
  • $182,685Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $19,896Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,568Restructured Loans and leases
  • $318Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,522Total interest income
  • $710Total interest expense
  • $6,812Net interest income
  • $110Provision for loan and lease losses
  • $1,257Total noninterest income
  • $0Fiduciary activities
  • $943Service charges on deposit accounts
  • $0Trading account gains & fees
  • $314Additional noninterest income
  • $6,245Total noninterest expense
  • $4,076Salaries and employee benefits
  • $1,036Premises and equipment expense
  • $1,133Additional noninterest expense
  • $1,714Pre-tax net operating income
  • $0Securities gains (losses)
  • $405Applicable income taxes
  • $1,309Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,309Net income attributable to bank
  • $0Net charge-offs
  • $1,309Cash dividends
  • $111Sale, conversion, retirement of capital stock, net
  • $950Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.63%Yield on earning assets
  • 0.44%Cost of funding earning assets
  • 4.19%Net interest margin
  • 0.77%Noninterest income to earning assets
  • 3.84%Noninterest expense to earning assets
  • 0.73%Net operating income to assets
  • 0.73%Return on assets (ROA)
  • 0.95%Pretax return on assets
  • 6.55%Return on equity (ROE)
  • 1.80%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 99.10%Credit loss provision to net charge-offs
  • 16.43%Efficiency ratio
  • 77,395Assets per employee
  • 2.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 72.57%Loss allowance to loans
  • 1.68%Loss allowance to noncurrent loans
  • 886.36%Noncurrent assets plus other real estate owned to assets
  • 0.18%Noncurrent loans to loans
  • 0.19%Net loans and leases to deposits
  • 66.08%Net loans and leases to core deposits
  • 72.39%Equity capital to assets
  • 11.03%Core capital (leverage) ratio
  • 10.89%Tier 1 risk-based capital ratio
  • 17.75%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $180,282Average earning assets
  • $19,993Average equity
  • $162,452Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $214Managed Assets
  • 1Number of Accounts
  • $197Personal trust and agency accounts
  • $197Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 3Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $17Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 5 Mississippi Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07749The Cleveland State Bank110 Commerce Avenue, Cleveland, MS 38732Febuary 08, 1908Full Service Brick and Mortar
    1226652North Sharpe Avenue Branch128 North Sharpe Avenue, Cleveland, MS 38732October 01, 1957Full Service Brick and Mortar
    2226653Merigold Branch201 S. Dr. Martin Luther King Street, Merigold, MS 38759Febuary 17, 1937Full Service Brick and Mortar
    3226654West Side Branch1418 College Street, Cleveland, MS 38732August 14, 1973Full Service Brick and Mortar
    4496086Grenada Branch229 Sunset Drive, Grenada, MS 38901November 02, 2009Full Service Brick and Mortar

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