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



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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
Securities$62,334
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
Surplus$200
Undivided profits $24,183
Memoranda
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
Derivatives$103,574
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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
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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%
Memoranda
Average assets$26
Average earning assets$206,682
Average equity $22,831
Average loans $184,781
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