The Cleveland State Bank in Cleveland, Mississippi (MS)

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The Cleveland State Bank
GeneralFDIC 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
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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)69
Total assets$185,048
Cash and due from depository institutions$14,953
Interest-bearing balances$6,636
Federal funds sold & reverse repurchase agreements$3,950
Net loans & leases$102,483
Loan loss allowance $1,755
Trading account assets$0
Bank premises and fixed assets$5,973
Other real estate owned$133
Goodwill and other intangibles$0
All other assets$3,657
Life insurance assets$185,048
Total liabilities and capital$164,636
Total liabilities$155,085
Total deposits$110,901
Interest-bearing deposits$155,085
Deposits held in domestic offices$94
% insured (estimated)7207.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $2,344
All other liabilities $20,412
Total equity capital$20,412
Total bank equity capital$20,412
Perpetual preferred stock$0
Common stock$1,250
Undivided profits $5,912
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $198
Earning assets $0
Long-term assets (5+ years) $1,105
Average Assets, year-to-date $166,968
Average Assets, quarterly $38,616
Volatile liabilities $180,282
Insider loans $182,993
FHLB advances $112,084
Loans and leases held for sale $182,685
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $19,896
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $15,568
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,522
Total interest expense $710
Net interest income $6,812
Provision for loan and lease losses $110
Total noninterest income $1,257
Fiduciary activities $0
Service charges on deposit accounts $943
Trading account gains & fees $0
Additional noninterest income $314
Total noninterest expense $6,245
Salaries and employee benefits $4,076
Premises and equipment expense $1,036
Additional noninterest expense $1,133
Pre-tax net operating income $1,714
Securities gains (losses) $0
Applicable income taxes $405
Income before extraordinary items $1,309
Extraordinary gains - net $0
Net income attributable to bank $1,309
Net charge-offs $0
Cash dividends $1,309
Sale, conversion, retirement of capital stock, net $111
Net operating income $950
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.63%
Cost of funding earning assets 0.44%
Net interest margin 4.19%
Noninterest income to earning assets 0.77%
Noninterest expense to earning assets 3.84%
Net operating income to assets 0.73%
Return on assets (ROA) 0.73%
Pretax return on assets 0.95%
Return on equity (ROE) 6.55%
Retained earnings to average equity (YTD only) 1.80%
Net charge-offs to loans 0.10%
Credit loss provision to net charge-offs 99.10%
Efficiency ratio16.43%
Assets per employee$77,395
Cash dividends to net income (YTD only)2.68%
Condition Ratios (%)
Loss allowance to loans 72.57%
Loss allowance to noncurrent loans 1.68%
Noncurrent assets plus other real estate owned to assets 886.36%
Noncurrent loans to loans 0.18%
Net loans and leases to deposits0.19%
Net loans and leases to core deposits 66.08%
Equity capital to assets 72.39%
Core capital (leverage) ratio 11.03%
Tier 1 risk-based capital ratio 10.89%
Total risk-based capital ratio 17.75%
Average assets$19
Average earning assets$180,282
Average equity $19,993
Average loans $162,452
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$214
Number of Accounts1
Personal trust and agency accounts$197
Employee benefit-defined contribution accounts$197
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts3
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$17
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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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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