FDIC Certificate #: 83 Status: Inactive Closing history: Corrections Acquiring institution:Regions Bank (#12368) Federal Reserve ID: 267148 Date Established: November 01, 1931 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) OTS Docket #: 14457 FDIC's unique #: 63 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: January 01, 1934 Last Structure Change Effective Date: September 24, 1998 Last Structure Change Process Date: October 29, 1998 Last Data Update: October 29, 1998 Data Source Date: April 05, 2012
Location
Address: 300 North Vine Street, Harrison, AR 72601 County: Boone Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Atlanta FDIC Field Office: Little Rock Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: Western Core Based Statistical Area (CBSA): Harrison, AR (#25460) CBSA Micro Statistical Area: Yes
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $119.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
52Total employees (full-time equivalent)
$121,339Total assets
$4,909Cash and due from depository institutions
$540Interest-bearing balances
$28,824Securities
$2,175Federal funds sold & reverse repurchase agreements
$81,566Net loans & leases
$1,238Loan loss allowance
$0Trading account assets
$1,748Bank premises and fixed assets
$28Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,089All other assets
$121,339Total liabilities and capital
$112,378Total liabilities
$111,155Total deposits
$93,891Interest-bearing deposits
$111,155Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$536Other borrowed funds
$0Subordinated debt
$687All other liabilities
$8,961Total equity capital
$8,961Total bank equity capital
$8,961Perpetual preferred stock
$0Common stock
$100Surplus
$4,900Undivided profits
Memoranda
$3,961Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,575Earning assets
$0Long-term assets (5+ years)
$733Average Assets, year-to-date
$113,105Average Assets, quarterly
$18,377Volatile liabilities
$119,304Insider loans
$121,527FHLB advances
$14,846Loans and leases held for sale
$4,551Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$6,532Total unused commitments
$0Restructured Loans and leases
$85,421Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$9,435Total interest income
$3,843Total interest expense
$5,592Net interest income
$503Provision for loan and lease losses
$724Total noninterest income
$42Fiduciary activities
$427Service charges on deposit accounts
$0Trading account gains & fees
$255Additional noninterest income
$2,907Total noninterest expense
$1,418Salaries and employee benefits
$404Premises and equipment expense
$1,085Additional noninterest expense
$2,906Pre-tax net operating income
-$1Securities gains (losses)
$999Applicable income taxes
$1,906Income before extraordinary items
$0Extraordinary gains - net
$1,906Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$385Sale, conversion, retirement of capital stock, net
$2,000Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.52%Yield on earning assets
3.47%Cost of funding earning assets
5.05%Net interest margin
0.65%Noninterest income to earning assets
2.62%Noninterest expense to earning assets
1.60%Net operating income to assets
1.60%Return on assets (ROA)
2.43%Pretax return on assets
21.95%Return on equity (ROE)
-1.08%Retained earnings to average equity (YTD only)
0.46%Net charge-offs to loans
130.65%Credit loss provision to net charge-offs
8.85%Efficiency ratio
46,026Assets per employee
2.33%Cash dividends to net income (YTD only)
Condition Ratios (%)
104.93%Loss allowance to loans
1.50%Loss allowance to noncurrent loans
78.60%Noncurrent assets plus other real estate owned to assets
1.32%Noncurrent loans to loans
1.90%Net loans and leases to deposits
73.38%Net loans and leases to core deposits
84.69%Equity capital to assets
7.39%Core capital (leverage) ratio
7.22%Tier 1 risk-based capital ratio
10.45%Total risk-based capital ratio
Memoranda
$12Average assets
$119,304Average earning assets
$8,683Average equity
$110,791Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Security Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: