Bank of Okolona in Okolona, Mississippi (MS)
| Bank of Okolona | |
|---|---|
| General | FDIC Certificate #: 5902 Status: Active Federal Reserve ID: 919344 Bank Holding Company (Regulatory Top Holder): Bancorp Of Okolona (RSSDID: 2744326, Location: Okolona, MS) Date Established: January 31, 1931 WWW: http://www.bankofokolona.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Domestic: 2, Interstate: No) OTS Docket #: 15888 FDIC's unique #: 4023 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: Yes Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: June 02, 2010 Last Structure Change Process Date: June 02, 2010 Last Data Update: June 02, 2010 Data Source Date: April 05, 2012 |
| Location | Address: 227 West Main Street, Okolona, MS 38860 County: Chickasaw 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 |
| History of Changes | Change in Location |
| Financial Summary | Total assets: $117.0 mil Equity capital: $13.4 mil Deposits held in domestic offices: $100.2 mil Return on assets (ROA): 1.55% ($1.8 mil) Quarterly return on assets: 1.60% ($1.9 mil) Return on Equity (ROE): 14.52% ($1.9 mil) Quarterly return on equity: 14.12% ($1.8 mil) Net income: $1.8 mil Quarterly Net income: $0.5 mil Pretax return on assets: 1.55% ($1,812.8 mil) Quarterly Pretax return on assets: 1.60% ($1,871.3 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 20 |
| Total assets | $116,955 |
| Cash and due from depository institutions | $3,057 |
| Interest-bearing balances | $156 |
| Securities | $21,574 |
| Federal funds sold & reverse repurchase agreements | $16,075 |
| Net loans & leases | $72,528 |
| Loan loss allowance | $1,031 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,482 |
| Other real estate owned | $275 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,964 |
| Life insurance assets | $116,955 |
| Total liabilities and capital | $103,601 |
| Total liabilities | $100,175 |
| Total deposits | $83,646 |
| Interest-bearing deposits | $100,175 |
| Deposits held in domestic offices | $86 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $2,895 |
| Other borrowed funds | $0 |
| Subordinated debt | $531 |
| All other liabilities | $13,354 |
| Total equity capital | $13,354 |
| Total bank equity capital | $13,354 |
| Perpetual preferred stock | $0 |
| Common stock | $240 |
| Surplus | $6,985 |
| Undivided profits | $6,129 |
| 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 | $1,571 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,105 |
| Average Assets, year-to-date | $110,333 |
| Average Assets, quarterly | $26,118 |
| Volatile liabilities | $114,029 |
| Insider loans | $117,305 |
| FHLB advances | $75,189 |
| Loans and leases held for sale | $116,493 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $11,888 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $8,413 |
| Derivatives | $0 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $6,177 |
| Total interest expense | $1,745 |
| Net interest income | $4,432 |
| Provision for loan and lease losses | $480 |
| Total noninterest income | $734 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $665 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $69 |
| Total noninterest expense | $2,921 |
| Salaries and employee benefits | $1,375 |
| Premises and equipment expense | $240 |
| Additional noninterest expense | $1,306 |
| Pre-tax net operating income | $1,765 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $1,765 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,765 |
| Net charge-offs | $0 |
| Cash dividends | $1,765 |
| Sale, conversion, retirement of capital stock, net | $265 |
| Net operating income | $932 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.75% |
| Cost of funding earning assets | 1.63% |
| Net interest margin | 4.13% |
| Noninterest income to earning assets | 0.68% |
| Noninterest expense to earning assets | 2.72% |
| Net operating income to assets | 1.55% |
| Return on assets (ROA) | 1.55% |
| Pretax return on assets | 1.55% |
| Return on equity (ROE) | 14.52% |
| Retained earnings to average equity (YTD only) | 6.85% |
| Net charge-offs to loans | 0.37% |
| Credit loss provision to net charge-offs | 181.13% |
| Efficiency ratio | 8.47% |
| Assets per employee | $56,543 |
| Cash dividends to net income (YTD only) | 5.85% |
| Condition Ratios (%) | |
| Loss allowance to loans | 52.80% |
| Loss allowance to noncurrent loans | 1.40% |
| Noncurrent assets plus other real estate owned to assets | 65.63% |
| Noncurrent loans to loans | 1.58% |
| Net loans and leases to deposits | 2.14% |
| Net loans and leases to core deposits | 72.40% |
| Equity capital to assets | 86.67% |
| Core capital (leverage) ratio | 11.42% |
| Tier 1 risk-based capital ratio | 10.20% |
| Total risk-based capital ratio | 15.81% |
| Memoranda | |
| Average assets | $17 |
| Average earning assets | $114,029 |
| Average equity | $12,155 |
| Average loans | $107,371 |
| 2 Mississippi Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 4023 | Bank Of Okolona | 227 West Main Street, Okolona, MS 38860 | January 31, 1931 | Full Service Brick and Mortar |  |
| 1 | 474215 | Houston Branch | 321 West Madison Street, Houston, MS 38851 | May 05, 2008 | Full Service Brick and Mortar |  |
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