Bank of Wiggins in Wiggins, Mississippi (MS)
| Bank of Wiggins | |
|---|---|
| General | FDIC Certificate #: 8250 Status: Active Federal Reserve ID: 179335 Date Established: December 04, 1916 WWW: http://www.bankofwiggins.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Domestic: 3, Interstate: No) FDIC's unique #: 5260 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012 |
| Location | Address: 109 West Pine Avenue, Wiggins, MS 39577 County: Stone 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 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) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $193.3 mil Equity capital: $26.3 mil Deposits held in domestic offices: $164.7 mil Return on assets (ROA): 0.88% ($1.7 mil) Quarterly return on assets: 0.33% ($0.6 mil) Return on Equity (ROE): 6.61% ($1.7 mil) Quarterly return on equity: 2.41% ($0.6 mil) Net income: $1.7 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.12% ($2,164.9 mil) Quarterly Pretax return on assets: 0.55% ($1,063.1 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 46 |
| Total assets | $193,298 |
| Cash and due from depository institutions | $7,307 |
| Interest-bearing balances | $3,425 |
| Securities | $60,638 |
| Federal funds sold & reverse repurchase agreements | $125 |
| Net loans & leases | $112,494 |
| Loan loss allowance | $1,625 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,786 |
| Other real estate owned | $3,228 |
| Goodwill and other intangibles | $0 |
| All other assets | $5,720 |
| Life insurance assets | $193,298 |
| Total liabilities and capital | $167,017 |
| Total liabilities | $164,699 |
| Total deposits | $136,385 |
| Interest-bearing deposits | $164,699 |
| Deposits held in domestic offices | $90 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $2,318 |
| All other liabilities | $26,281 |
| Total equity capital | $26,281 |
| Total bank equity capital | $26,281 |
| Perpetual preferred stock | $0 |
| Common stock | $560 |
| Surplus | $22,123 |
| Undivided profits | $3,598 |
| 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 | $1,551 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,176 |
| Average Assets, year-to-date | $176,682 |
| Average Assets, quarterly | $65,612 |
| Volatile liabilities | $192,655 |
| Insider loans | $194,280 |
| FHLB advances | $122,032 |
| Loans and leases held for sale | $192,769 |
| Unused loan commitments | $3,435 |
| Tier 1 (core) risk-based capital | $3,435 |
| Tier 2 risk-based capital | $25,866 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $3,271 |
| Derivatives | $2,117 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $9,862 |
| Total interest expense | $3,619 |
| Net interest income | $6,243 |
| Provision for loan and lease losses | $910 |
| Total noninterest income | $1,921 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $1,356 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $565 |
| Total noninterest expense | $5,088 |
| Salaries and employee benefits | $2,820 |
| Premises and equipment expense | $526 |
| Additional noninterest expense | $1,742 |
| Pre-tax net operating income | $2,166 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $465 |
| Income before extraordinary items | $1,701 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,701 |
| Net charge-offs | $0 |
| Cash dividends | $1,701 |
| Sale, conversion, retirement of capital stock, net | $910 |
| Net operating income | $952 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.55% |
| Cost of funding earning assets | 2.04% |
| Net interest margin | 3.51% |
| Noninterest income to earning assets | 1.08% |
| Noninterest expense to earning assets | 2.86% |
| Net operating income to assets | 0.88% |
| Return on assets (ROA) | 0.88% |
| Pretax return on assets | 1.12% |
| Return on equity (ROE) | 6.61% |
| Retained earnings to average equity (YTD only) | 2.91% |
| Net charge-offs to loans | 0.79% |
| Credit loss provision to net charge-offs | 100.00% |
| Efficiency ratio | 3.38% |
| Assets per employee | $62,322 |
| Cash dividends to net income (YTD only) | 4.20% |
| Condition Ratios (%) | |
| Loss allowance to loans | 55.97% |
| Loss allowance to noncurrent loans | 1.42% |
| Noncurrent assets plus other real estate owned to assets | 104.77% |
| Noncurrent loans to loans | 2.47% |
| Net loans and leases to deposits | 1.36% |
| Net loans and leases to core deposits | 68.30% |
| Equity capital to assets | 76.80% |
| Core capital (leverage) ratio | 13.60% |
| Tier 1 risk-based capital ratio | 13.42% |
| Total risk-based capital ratio | 21.20% |
| Memoranda | |
| Average assets | $22 |
| Average earning assets | $192,655 |
| Average equity | $25,719 |
| Average loans | $177,820 |
| Total Fiduciary and Related Assets (December 31, 2008) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $78 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $78 |
| Employee benefit-defined contribution accounts | $78 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| Non-managed Assets | $0 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
| 3 Mississippi Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5260 | Bank Of Wiggins | 109 West Pine Avenue, Wiggins, MS 39577 | December 04, 1916 | Full Service Brick and Mortar |  |
| 2 | 361383 | Mchenry Branch | 481-A Highway 49, Mc Henry, MS 39561 | April 01, 2001 | Limited Service Facility |  |
| 3 | 529959 | Wiggins Branch | 1115 Frontage Drive East, Wiggins, MS 39577 | December 12, 2011 | Full Service Brick and Mortar | |
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