FDIC Certificate #: 11421 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Hancock Bank (#12441) Federal Reserve ID: 102230 Date Established: January 01, 1904 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 9 (Interstate: No) OTS Docket #: 12887 FDIC's unique #: 7292 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes Oakar Institutions: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: September 24, 2001 Last Structure Change Process Date: October 26, 2001 Last Data Update: October 26, 2001 Data Source Date: April 05, 2012
Location
Address: 401 Ohio Avenue, Purvis, MS 39475 County: Lamar 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 Metropolitan Statistical Area (MSA): Hattiesburg, MS (#3285) Core Based Statistical Area (CBSA): Hattiesburg, MS (#25620) CBSA Metro Statistical Area: Hattiesburg, MS (#25620)
Financial Summary
Total assets: $424.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
155Total employees (full-time equivalent)
$413,610Total assets
$13,170Cash and due from depository institutions
$0Interest-bearing balances
$152,584Securities
$12,510Federal funds sold & reverse repurchase agreements
$216,923Net loans & leases
$5,483Loan loss allowance
$0Trading account assets
$9,917Bank premises and fixed assets
$593Other real estate owned
$79Goodwill and other intangibles
$0Life insurance assets
$7,834All other assets
$413,610Total liabilities and capital
$380,089Total liabilities
$308,220Total deposits
$267,744Interest-bearing deposits
$308,220Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$70,000Other borrowed funds
$0Subordinated debt
$1,869All other liabilities
$33,521Total equity capital
$33,521Total bank equity capital
$33,521Perpetual preferred stock
$0Common stock
$500Surplus
$31,850Undivided profits
Memoranda
$1,171Noncurrent loans and leases
$15,882Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,133Earning assets
$0Long-term assets (5+ years)
$2,206Average Assets, year-to-date
$382,017Average Assets, quarterly
$111,760Volatile liabilities
$410,170Insider loans
$409,691FHLB advances
$83,773Loans and leases held for sale
$989Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$778Total risk weighted assets
$15,882Total unused commitments
$0Restructured Loans and leases
$3,055Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$32,004Total interest income
$18,352Total interest expense
$13,652Net interest income
$2,832Provision for loan and lease losses
$3,685Total noninterest income
$0Fiduciary activities
$2,295Service charges on deposit accounts
$0Trading account gains & fees
$1,390Additional noninterest income
$10,871Total noninterest expense
$5,882Salaries and employee benefits
$2,106Premises and equipment expense
$2,883Additional noninterest expense
$3,634Pre-tax net operating income
$0Securities gains (losses)
$705Applicable income taxes
$2,929Income before extraordinary items
$0Extraordinary gains - net
$2,929Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,619Sale, conversion, retirement of capital stock, net
$850Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.48%Yield on earning assets
4.86%Cost of funding earning assets
3.62%Net interest margin
0.98%Noninterest income to earning assets
2.88%Noninterest expense to earning assets
0.71%Net operating income to assets
0.71%Return on assets (ROA)
0.89%Pretax return on assets
9.46%Return on equity (ROE)
6.71%Retained earnings to average equity (YTD only)
0.70%Net charge-offs to loans
174.92%Credit loss provision to net charge-offs
3.99%Efficiency ratio
62,664Assets per employee
2.67%Cash dividends to net income (YTD only)
Condition Ratios (%)
29.02%Loss allowance to loans
2.47%Loss allowance to noncurrent loans
257.06%Noncurrent assets plus other real estate owned to assets
0.66%Noncurrent loans to loans
0.96%Net loans and leases to deposits
70.38%Net loans and leases to core deposits
88.74%Equity capital to assets
8.10%Core capital (leverage) ratio
8.28%Tier 1 risk-based capital ratio
14.06%Total risk-based capital ratio
Memoranda
$15Average assets
$410,170Average earning assets
$30,965Average equity
$377,275Average loans
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