Whitney National Bank of Mississippi in Gulfport, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1998

  • Whitney National Bank of Mississippi in Gulfport, Mississippi (MS)
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Whitney National Bank of Mississippi - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Summary
  • Total 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
  • 104Total employees (full-time equivalent)
  • $206,847Total assets
  • $14,271Cash and due from depository institutions
  • $0Interest-bearing balances
  • $62,334Securities
  • $41,300Federal funds sold & reverse repurchase agreements
  • $80,457Net loans & leases
  • $365Loan loss allowance
  • $0Trading account assets
  • $5,046Bank premises and fixed assets
  • $737Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,702All other assets
  • $206,847Total liabilities and capital
  • $180,310Total liabilities
  • $178,993Total deposits
  • $141,279Interest-bearing deposits
  • $178,993Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,317All other liabilities
  • $26,537Total equity capital
  • $26,537Total bank equity capital
  • $26,537Perpetual preferred stock
  • $0Common stock
  • $200Surplus
  • $24,183Undivided profits
  • Memoranda
  • $2,154Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $571Earning assets
  • $0Long-term assets (5+ years)
  • $653Average Assets, year-to-date
  • $184,091Average Assets, quarterly
  • $17,235Volatile liabilities
  • $206,682Insider loans
  • $207,843FHLB advances
  • $20,032Loans and leases held for sale
  • $2Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,856Total unused commitments
  • $0Restructured Loans and leases
  • $103,574Derivatives

Income and Expense (December 31, 1997)

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

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.57%Yield on earning assets
  • 3.12%Cost of funding earning assets
  • 4.45%Net interest margin
  • 1.24%Noninterest income to earning assets
  • 4.48%Noninterest expense to earning assets
  • 0.71%Net operating income to assets
  • 0.71%Return on assets (ROA)
  • 1.05%Pretax return on assets
  • 6.40%Return on equity (ROE)
  • 5.87%Retained earnings to average equity (YTD only)
  • 0.99%Net charge-offs to loans
  • 10.65%Credit loss provision to net charge-offs
  • 2.72%Efficiency ratio
  • 78,629Assets per employee
  • 1.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 8.28%Loss allowance to loans
  • 0.45%Loss allowance to noncurrent loans
  • 63.92%Noncurrent assets plus other real estate owned to assets
  • 0.63%Noncurrent loans to loans
  • 0.71%Net loans and leases to deposits
  • 44.95%Net loans and leases to core deposits
  • 50.61%Equity capital to assets
  • 12.83%Core capital (leverage) ratio
  • 12.83%Tier 1 risk-based capital ratio
  • 25.62%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $206,682Average earning assets
  • $22,831Average equity
  • $184,781Average loans

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