Bank of Benoit in Benoit, Mississippi (MS)
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 5 |
| Total assets | $18,007 |
| Cash and due from depository institutions | $2,692 |
| Interest-bearing balances | $1,133 |
| Securities | $8,044 |
| Federal funds sold & reverse repurchase agreements | $1,300 |
| Net loans & leases | $5,626 |
| Loan loss allowance | $41 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $84 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $261 |
| Life insurance assets | $18,007 |
| Total liabilities and capital | $16,105 |
| Total liabilities | $16,062 |
| Total deposits | $11,676 |
| Interest-bearing deposits | $16,062 |
| Deposits held in domestic offices | $87 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $43 |
| All other liabilities | $1,902 |
| Total equity capital | $1,902 |
| Total bank equity capital | $1,902 |
| Perpetual preferred stock | $0 |
| Common stock | $60 |
| Surplus | $1,900 |
| Undivided profits | $-58 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $312 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $131 |
| Average Assets, year-to-date | $16,103 |
| Average Assets, quarterly | $4,798 |
| Volatile liabilities | $18,418 |
| Insider loans | $18,360 |
| FHLB advances | $7,896 |
| Loans and leases held for sale | $18,408 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $1,831 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $676 |
| Derivatives | $4 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $633 |
| Total interest expense | $154 |
| Net interest income | $479 |
| Provision for loan and lease losses | $45 |
| Total noninterest income | $125 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $93 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $32 |
| Total noninterest expense | $573 |
| Salaries and employee benefits | $279 |
| Premises and equipment expense | $33 |
| Additional noninterest expense | $261 |
| Pre-tax net operating income | -$14 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $6 |
| Income before extraordinary items | -$20 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$20 |
| Net charge-offs | $0 |
| Cash dividends | -$20 |
| Sale, conversion, retirement of capital stock, net | $44 |
| Net operating income | $18 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.17% |
| Cost of funding earning assets | 1.01% |
| Net interest margin | 3.15% |
| Noninterest income to earning assets | 0.82% |
| Noninterest expense to earning assets | 3.77% |
| Net operating income to assets | -0.11% |
| Return on assets (ROA) | -0.11% |
| Pretax return on assets | -0.08% |
| Return on equity (ROE) | -1.04% |
| Retained earnings to average equity (YTD only) | -1.98% |
| Net charge-offs to loans | 0.79% |
| Credit loss provision to net charge-offs | 102.27% |
| Efficiency ratio | 0.70% |
| Assets per employee | $94,868 |
| Cash dividends to net income (YTD only) | 3.60% |
| Condition Ratios (%) | |
| Loss allowance to loans | -90.00% |
| Loss allowance to noncurrent loans | 0.72% |
| Noncurrent assets plus other real estate owned to assets | 13.14% |
| Noncurrent loans to loans | 1.73% |
| Net loans and leases to deposits | 5.51% |
| Net loans and leases to core deposits | 35.03% |
| Equity capital to assets | 45.06% |
| Core capital (leverage) ratio | 10.56% |
| Tier 1 risk-based capital ratio | 9.95% |
| Total risk-based capital ratio | 23.19% |
| Memoranda | |
| Average assets | $24 |
| Average earning assets | $18,418 |
| Average equity | $1,916 |
| Average loans | $15,195 |
| 1 Mississippi Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 10061 | Bank Of Benoit | 28-30 Main Street, Benoit, MS 38725 | January 01, 1904 | Full Service Brick and Mortar |  |
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