The Peoples Bank in Ripley, Mississippi (MS)

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The Peoples Bank
GeneralFDIC Certificate #: 15871
Status: Active
Federal Reserve ID: 593249
Bank Holding Company (Regulatory Top Holder): Peoples Corporation, The (RSSDID: 1097061, Location: Ripley, MS)
Date Established: March 03, 1925
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Domestic: 6, Interstate: No)
OTS Docket #: 11552
FDIC's unique #: 10108
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: All Other Specialization < 1 Billion
Date of Deposit Insurance: December 18, 1941
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: 305 East Jefferson, Ripley, MS 38663
County: Tippah
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Memphis
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: West
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $373.9 mil
Equity capital: $35.2 mil
Deposits held in domestic offices: $318.1 mil
Return on assets (ROA): 0.94% ($3.5 mil)
Quarterly return on assets: 0.40% ($1.5 mil)
Return on Equity (ROE): 10.01% ($3.5 mil)
Quarterly return on equity: 4.22% ($1.5 mil)
Net income: $3.5 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 1.15% ($4,299.9 mil)
Quarterly Pretax return on assets: 0.42% ($1,570.4 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)84
Total assets$373,903
Cash and due from depository institutions$15,495
Interest-bearing balances$1,277
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$166,909
Loan loss allowance $1,388
Trading account assets$0
Bank premises and fixed assets$3,577
Other real estate owned$411
Goodwill and other intangibles$430
All other assets$14,779
Life insurance assets$373,903
Total liabilities and capital$338,740
Total liabilities$318,096
Total deposits$274,552
Interest-bearing deposits$318,096
Deposits held in domestic offices$80
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$19,498
Other borrowed funds $0
Subordinated debt $1,146
All other liabilities $35,163
Total equity capital$35,163
Total bank equity capital$35,163
Perpetual preferred stock$0
Common stock$696
Undivided profits $10,263
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 $1,026
Earning assets $0
Long-term assets (5+ years) $2,455
Average Assets, year-to-date $340,488
Average Assets, quarterly $206,512
Volatile liabilities $370,965
Insider loans $376,279
FHLB advances $186,822
Loans and leases held for sale $370,936
Unused loan commitments $8,757
Tier 1 (core) risk-based capital $7,802
Tier 2 risk-based capital $33,514
Total risk weighted assets $955
Total unused commitments $0
Restructured Loans and leases $18,204
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $15,547
Total interest expense $5,639
Net interest income $9,908
Provision for loan and lease losses $751
Total noninterest income $3,282
Fiduciary activities $61
Service charges on deposit accounts $1,265
Trading account gains & fees $0
Additional noninterest income $1,956
Total noninterest expense $8,160
Salaries and employee benefits $5,149
Premises and equipment expense $722
Additional noninterest expense $2,289
Pre-tax net operating income $4,279
Securities gains (losses) $0
Applicable income taxes $806
Income before extraordinary items $3,473
Extraordinary gains - net $0
Net income attributable to bank $3,473
Net charge-offs $0
Cash dividends $3,473
Sale, conversion, retirement of capital stock, net $624
Net operating income $2,434
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.64%
Cost of funding earning assets 1.68%
Net interest margin 2.95%
Noninterest income to earning assets 0.98%
Noninterest expense to earning assets 2.43%
Net operating income to assets 0.94%
Return on assets (ROA) 0.94%
Pretax return on assets 1.15%
Return on equity (ROE) 10.01%
Retained earnings to average equity (YTD only) 3.00%
Net charge-offs to loans 0.38%
Credit loss provision to net charge-offs 120.35%
Efficiency ratio8.06%
Assets per employee$61,865
Cash dividends to net income (YTD only)4.45%
Condition Ratios (%)
Loss allowance to loans 70.08%
Loss allowance to noncurrent loans 0.82%
Noncurrent assets plus other real estate owned to assets 135.28%
Noncurrent loans to loans 0.38%
Net loans and leases to deposits0.61%
Net loans and leases to core deposits 52.47%
Equity capital to assets 61.06%
Core capital (leverage) ratio 9.40%
Tier 1 risk-based capital ratio 9.03%
Total risk-based capital ratio 17.94%
Average assets$19
Average earning assets$370,965
Average equity $34,690
Average loans $335,373
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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$41,251
Number of Accounts1
Personal trust and agency accounts$29,995
Employee benefit-defined contribution accounts$23,488
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$6,507
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts237
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$11,256
Corporate trust and agency accounts$1,233
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$10,023
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6 Mississippi Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
010108The Peoples Bank305 East Jefferson, Ripley, MS 38663March 03, 1925Full Service Brick and Mortar
2235665East Motor Branch405 East Walnut Street, Ripley, MS 38663September 17, 1971Limited Service Facility
4235667Mcgill North Branch1414 Highway 15 North, Ripley, MS 38663August 08, 1983Limited Service Facility
5235668Ripley Branch911 Highway 15 South, Ripley, MS 38663July 18, 1988Limited Service Facility
8235669Walnut BranchHighway 15 North, Walnut, MS 38683November 20, 1995Full Service Brick and Mortar
9235670Blue Mountain Branch122 North Guyton Boulevard, Blue Mountain, MS 38610April 22, 1996Limited Service Facility
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