FDIC Certificate #: 21715 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Citizens Bank (#324) Federal Reserve ID: 592130 Date Established: August 02, 1974 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 12077 FDIC's unique #: 15030 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: August 02, 1974 Last Structure Change Effective Date: September 11, 1999 Last Structure Change Process Date: October 01, 1999 Last Data Update: October 01, 1999 Data Source Date: April 05, 2012
Location
Address: 907 Beulah Avenue, Tylertown, MS 39667 County: Walthall 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
Financial Summary
Total assets: $68.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
39Total employees (full-time equivalent)
$71,196Total assets
$2,372Cash and due from depository institutions
$146Interest-bearing balances
$18,733Securities
$3,866Federal funds sold & reverse repurchase agreements
$42,003Net loans & leases
$2,232Loan loss allowance
$0Trading account assets
$1,736Bank premises and fixed assets
$763Other real estate owned
$131Goodwill and other intangibles
$0Life insurance assets
$1,592All other assets
$71,196Total liabilities and capital
$65,574Total liabilities
$64,977Total deposits
$57,883Interest-bearing deposits
$64,977Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$597All other liabilities
$5,622Total equity capital
$5,622Total bank equity capital
$5,622Perpetual preferred stock
$0Common stock
$385Surplus
$3,422Undivided profits
Memoranda
$1,815Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,679Earning assets
$0Long-term assets (5+ years)
$43Average Assets, year-to-date
$64,748Average Assets, quarterly
$13,330Volatile liabilities
$74,363Insider loans
$70,723FHLB advances
$12,215Loans and leases held for sale
$1,153Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,362Total unused commitments
$0Restructured Loans and leases
$45,095Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$5,983Total interest income
$3,261Total interest expense
$2,722Net interest income
$0Provision for loan and lease losses
$576Total noninterest income
$0Fiduciary activities
$426Service charges on deposit accounts
$0Trading account gains & fees
$150Additional noninterest income
$2,379Total noninterest expense
$1,135Salaries and employee benefits
$410Premises and equipment expense
$834Additional noninterest expense
$919Pre-tax net operating income
$30Securities gains (losses)
$275Applicable income taxes
$674Income before extraordinary items
$0Extraordinary gains - net
$674Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$525Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.86%Yield on earning assets
4.83%Cost of funding earning assets
4.03%Net interest margin
0.85%Noninterest income to earning assets
3.52%Noninterest expense to earning assets
0.88%Net operating income to assets
0.91%Return on assets (ROA)
1.28%Pretax return on assets
12.69%Return on equity (ROE)
12.69%Retained earnings to average equity (YTD only)
1.08%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
1.75%Efficiency ratio
71,801Assets per employee
1.83%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
5.05%Loss allowance to noncurrent loans
132.94%Noncurrent assets plus other real estate owned to assets
3.43%Noncurrent loans to loans
3.80%Net loans and leases to deposits
64.64%Net loans and leases to core deposits
79.61%Equity capital to assets
7.90%Core capital (leverage) ratio
7.87%Tier 1 risk-based capital ratio
12.19%Total risk-based capital ratio
Memoranda
$13Average assets
$74,363Average earning assets
$5,312Average equity
$67,514Average loans
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