Whitney National Bank of Mississippi in Gulfport, Mississippi (MS)

Show street view No street view available for this location
Table of contents:
Whitney National Bank of Mississippi
GeneralFDIC Certificate #: 9357
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Whitney National Bank (#18538)
Federal Reserve ID: 2536679
Date Established: August 15, 1903
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 13 (Interstate: No)
FDIC's unique #: 6007
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: January 01, 1998
Last Structure Change Process Date: January 22, 1998
Last Data Update: January 22, 1998
Data Source Date: April 05, 2012
LocationAddress: 1300 25th Street, Gulfport, MS 39501
County: Harrison
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): Biloxi-Gulfport-Pascagoula, MS (#920)
Combined Statistical Area (CSA): Gulfport-Biloxi-Pascagoula, MS (#274)
Core Based Statistical Area (CBSA): Gulfport-Biloxi, MS (#25060)
CBSA Metro Statistical Area: Gulfport-Biloxi, MS (#25060)
Financial SummaryTotal assets: $206.8 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)
Total employees (full-time equivalent)104
Total assets$206,847
Cash and due from depository institutions$14,271
Interest-bearing balances$0
Federal funds sold & reverse repurchase agreements$41,300
Net loans & leases$80,457
Loan loss allowance $365
Trading account assets$0
Bank premises and fixed assets$5,046
Other real estate owned$737
Goodwill and other intangibles$0
All other assets$2,702
Life insurance assets$0
Total liabilities and capital$206,847
Total liabilities$180,310
Total deposits$178,993
Interest-bearing deposits$141,279
Deposits held in domestic offices$178,993
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $1,317
Total equity capital$26,537
Total bank equity capital$26,537
Perpetual preferred stock$26,537
Common stock$0
Undivided profits $24,183
Noncurrent loans and leases $2,154
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $571
Long-term assets (5+ years) $0
Average Assets, year-to-date $653
Average Assets, quarterly $184,091
Volatile liabilities $17,235
Insider loans $206,682
FHLB advances $207,843
Loans and leases held for sale $20,032
Unused loan commitments $2
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $4,856
Restructured Loans and leases $0
Back to page top, Back to table top

Income and Expense (December 31, 1997)
(Dollar figures in thousands)
Total interest income $13,996
Total interest expense $5,770
Net interest income $8,226
Provision for loan and lease losses $88
Total noninterest income $2,293
Fiduciary activities $0
Service charges on deposit accounts $1,560
Trading account gains & fees $0
Additional noninterest income $733
Total noninterest expense $8,271
Salaries and employee benefits $4,463
Premises and equipment expense $1,263
Additional noninterest expense $2,545
Pre-tax net operating income $2,160
Securities gains (losses) $0
Applicable income taxes $698
Income before extraordinary items $1,462
Extraordinary gains - net $0
Net income attributable to bank $1,462
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $826
Net operating income $121
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 1997)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.57%
Cost of funding earning assets 3.12%
Net interest margin 4.45%
Noninterest income to earning assets 1.24%
Noninterest expense to earning assets 4.48%
Net operating income to assets 0.71%
Return on assets (ROA) 0.71%
Pretax return on assets 1.05%
Return on equity (ROE) 6.40%
Retained earnings to average equity (YTD only) 5.87%
Net charge-offs to loans 0.99%
Credit loss provision to net charge-offs 10.65%
Efficiency ratio2.72%
Assets per employee$78,629
Cash dividends to net income (YTD only)1.99%
Condition Ratios (%)
Loss allowance to loans 8.28%
Loss allowance to noncurrent loans 0.45%
Noncurrent assets plus other real estate owned to assets 63.92%
Noncurrent loans to loans 0.63%
Net loans and leases to deposits0.71%
Net loans and leases to core deposits 44.95%
Equity capital to assets 50.61%
Core capital (leverage) ratio 12.83%
Tier 1 risk-based capital ratio 12.83%
Total risk-based capital ratio 25.62%
Average assets$26
Average earning assets$206,682
Average equity $22,831
Average loans $184,781
Back to page top, Back to table top

User Contributions:

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 Whitney National Bank of Mississippi.
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.