FDIC Certificate #: 22408 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:BancorpSouth Bank (#11813) Federal Reserve ID: 573232 Date Established: Febuary 01, 1977 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 5 (Interstate: No) OTS Docket #: 13189 FDIC's unique #: 15609 Numeric code: 13 Regulator: FED 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: Febuary 01, 1977 Last Structure Change Effective Date: Febuary 27, 1999 Last Structure Change Process Date: March 04, 1999 Last Data Update: March 04, 1999 Data Source Date: April 05, 2012
Location
Address: 1301 Gunter Avenue, Guntersville, AL 35976 County: Marshall Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Shelby Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Southeast Core Based Statistical Area (CBSA): Albertville, AL (#10700) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $167.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
108Total employees (full-time equivalent)
$166,984Total assets
$4,209Cash and due from depository institutions
$11Interest-bearing balances
$34,125Securities
$8,170Federal funds sold & reverse repurchase agreements
$112,232Net loans & leases
$1,465Loan loss allowance
$0Trading account assets
$6,087Bank premises and fixed assets
$484Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,677All other assets
$166,984Total liabilities and capital
$151,363Total liabilities
$146,132Total deposits
$123,372Interest-bearing deposits
$146,132Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,991Other borrowed funds
$0Subordinated debt
$1,240All other liabilities
$15,621Total equity capital
$15,621Total bank equity capital
$15,621Perpetual preferred stock
$0Common stock
$3Surplus
$4,463Undivided profits
Memoranda
$11,155Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,131Earning assets
$40Long-term assets (5+ years)
$834Average Assets, year-to-date
$154,538Average Assets, quarterly
$6,950Volatile liabilities
$160,293Insider loans
$163,338FHLB advances
$29,115Loans and leases held for sale
$3,828Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$13,731Total unused commitments
$0Restructured Loans and leases
$118,558Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$14,234Total interest income
$6,192Total interest expense
$8,042Net interest income
$1,066Provision for loan and lease losses
$1,380Total noninterest income
$0Fiduciary activities
$771Service charges on deposit accounts
$0Trading account gains & fees
$609Additional noninterest income
$5,654Total noninterest expense
$2,928Salaries and employee benefits
$583Premises and equipment expense
$2,143Additional noninterest expense
$2,702Pre-tax net operating income
$0Securities gains (losses)
$893Applicable income taxes
$1,809Income before extraordinary items
$0Extraordinary gains - net
$1,809Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$850Sale, conversion, retirement of capital stock, net
$960Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.67%Yield on earning assets
4.21%Cost of funding earning assets
5.47%Net interest margin
0.94%Noninterest income to earning assets
3.84%Noninterest expense to earning assets
1.13%Net operating income to assets
1.13%Return on assets (ROA)
1.69%Pretax return on assets
11.94%Return on equity (ROE)
5.60%Retained earnings to average equity (YTD only)
0.76%Net charge-offs to loans
125.41%Credit loss provision to net charge-offs
4.43%Efficiency ratio
60,008Assets per employee
1.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
53.07%Loss allowance to loans
1.29%Loss allowance to noncurrent loans
129.53%Noncurrent assets plus other real estate owned to assets
0.97%Noncurrent loans to loans
0.99%Net loans and leases to deposits
76.80%Net loans and leases to core deposits
94.31%Equity capital to assets
9.35%Core capital (leverage) ratio
9.31%Tier 1 risk-based capital ratio
12.87%Total risk-based capital ratio
Memoranda
$14Average assets
$160,293Average earning assets
$15,155Average equity
$147,133Average loans
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