The Cotton Exchange Bank in city_name, state_name - Detailed Financial Reports, Location

The Cotton Exchange Bank in Kennett, Missouri (MO)
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The Cotton Exchange Bank - Overview

General
FDIC Certificate #: 12467
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Commerce Bank, National Association (#1657)
Federal Reserve ID: 642558
Date Established: October 01, 1900
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 7936
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: March 10, 1995
Last Structure Change Process Date: April 06, 1995
Last Data Update: April 06, 1995
Data Source Date: April 05, 2012
Location
Address: 301 First Street, Kennett, MO 63857
County: Dunklin
Quarterly Banking Profile Region: Kansas City
FDIC Geographic Region: Kansas City
FDIC Supervisory Region: Kansas City
FDIC Field Office: St. Louis
Office of the Comptroller the Currency (OCC) District: Midwest
Office of Thrift Supervision Region: West
Core Based Statistical Area (CBSA): Kennett, MO (#28380)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $64.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$28Total assets
$64,604Cash and due from depository institutions
$1,978Interest-bearing balances
$299Securities
$15,426Federal funds sold & reverse repurchase agreements
$4,635Net loans & leases
$40,889Loan loss allowance
$637Trading account assets
$0Bank premises and fixed assets
$438Other real estate owned
$0Goodwill and other intangibles
$1,238Life insurance assets
$0All other assets
$0Total liabilities and capital
$64,604Total liabilities
$58,420Total deposits
$58,157Interest-bearing deposits
$50,867Deposits held in domestic offices
58157.00%% insured (estimated)
$91Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$263Total equity capital
$263Total bank equity capital
$6,184Perpetual preferred stock
$0Common stock
$225Surplus
$775Undivided profits
Memoranda
$5,184Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$154Income earned, not collected on loans
$299Earning assets
$61,249Long-term assets (5+ years)
$4,373Average Assets, year-to-date
$63,902Average Assets, quarterly
$63,825Volatile liabilities
$5,704Insider loans
$727FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,980Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,396Total risk weighted assets
$38,535Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$4,567Total interest expense
$1,874Net interest income
$2,693Provision for loan and lease losses
$352Total noninterest income
$311Fiduciary activities
$0Service charges on deposit accounts
$268Trading account gains & fees
$0Additional noninterest income
$43Total noninterest expense
$2,125Salaries and employee benefits
$1,316Premises and equipment expense
$251Additional noninterest expense
$558Pre-tax net operating income
$527Securities gains (losses)
$0Applicable income taxes
$152Income before extraordinary items
$375Extraordinary gains - net
$0Net income attributable to bank
$375Net charge-offs
$370Cash dividends
$175Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.56%Cost of funding earning assets
3.10%Net interest margin
4.46%Noninterest income to earning assets
0.51%Noninterest expense to earning assets
3.52%Net operating income to assets
0.59%Return on assets (ROA)
0.59%Pretax return on assets
0.82%Return on equity (ROE)
5.93%Retained earnings to average equity (YTD only)
3.16%Net charge-offs to loans
0.89%Credit loss provision to net charge-offs
95.14%Efficiency ratio
70,739Assets per employee
2.31%Cash dividends to net income (YTD only)
Condition Ratios (%)
46.67%Loss allowance to loans
1.53%Loss allowance to noncurrent loans
413.64%Noncurrent assets plus other real estate owned to assets
0.24%Noncurrent loans to loans
0.37%Net loans and leases to deposits
70.31%Net loans and leases to core deposits
77.95%Equity capital to assets
9.57%Core capital (leverage) ratio
9.96%Tier 1 risk-based capital ratio
16.60%Total risk-based capital ratio
Memoranda
$18Average assets
$63,902Average earning assets
$6,323Average equity
$60,390Average loans

reta craft

⚠

I am interested in finding about the early records of the bank. Mainly the owners and employees. Circa 1920-1950. Looking for an aunt and great-niece of my husband.

The Cotton Exchange Bank in Kennett, Missouri (MO)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Cotton Exchange Bank - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

Comment about this bank, ask questions, or add new information about it:

The Cotton Exchange Bank in Kennett, Missouri (MO)Overview, Financial Summary, Detailed Financial Reports, Branches

The Cotton Exchange Bank - Overview

Assets and Liabilities (December 31, 1994)

Income and Expense (December 31, 1994)

Performance and Condition Ratios (December 31, 1994)

Comment about this bank, ask questions, or add new information about it:

The Cotton Exchange Bank in Kennett, Missouri (MO)
Overview, Financial Summary, Detailed Financial Reports, Branches