Community Bank, Coast in Biloxi, Mississippi (MS)
| Community Bank, Coast | |
|---|---|
| General | FDIC Certificate #: 34121 Status: Active Federal Reserve ID: 2376464 Bank Holding Company (Regulatory Top Holder): Community Bancshares Of Mississippi, Inc. Employee Stock Ownership Plan (RSSDID: 2313544, Location: Brandon, MS) Date Established: January 22, 1996 WWW: http://www.communitybank.net Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 8 (Domestic: 8, Interstate: No) FDIC's unique #: 56264 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 22, 1996 Last Structure Change Effective Date: December 10, 2007 Last Structure Change Process Date: January 09, 2008 Last Data Update: January 09, 2008 Data Source Date: April 05, 2012 |
| Location | Address: 677 Dr. Martin Luther King Jr. Boulevard, Biloxi, MS 39530 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) |
| History of Changes | Office Purchased |
| Financial Summary | Total assets: $389.7 mil Equity capital: $37.4 mil Deposits held in domestic offices: $343.2 mil Return on assets (ROA): 0.26% ($1.0 mil) Quarterly return on assets: 0.42% ($1.6 mil) Return on Equity (ROE): 2.82% ($1.0 mil) Quarterly return on equity: 4.43% ($1.6 mil) Net income: $1.0 mil Quarterly Net income: $0.4 mil Pretax return on assets: 0.39% ($1,519.9 mil) Quarterly Pretax return on assets: 0.64% ($2,494.2 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 97 |
| Total assets | $389,720 |
| Cash and due from depository institutions | $39,946 |
| Interest-bearing balances | $31,906 |
| Securities | $33,663 |
| Federal funds sold & reverse repurchase agreements | $6,077 |
| Net loans & leases | $276,079 |
| Loan loss allowance | $5,110 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $10,036 |
| Other real estate owned | $5,939 |
| Goodwill and other intangibles | $1,359 |
| All other assets | $16,621 |
| Life insurance assets | $389,720 |
| Total liabilities and capital | $352,362 |
| Total liabilities | $343,193 |
| Total deposits | $295,300 |
| Interest-bearing deposits | $343,193 |
| Deposits held in domestic offices | $91 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $6,629 |
| Other borrowed funds | $0 |
| Subordinated debt | $2,540 |
| All other liabilities | $37,358 |
| Total equity capital | $37,358 |
| Total bank equity capital | $37,358 |
| Perpetual preferred stock | $0 |
| Common stock | $1,080 |
| Surplus | $21,072 |
| Undivided profits | $15,206 |
| 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 | $2,954 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,165 |
| Average Assets, year-to-date | $347,725 |
| Average Assets, quarterly | $51,790 |
| Volatile liabilities | $398,791 |
| Insider loans | $391,992 |
| FHLB advances | $275,747 |
| Loans and leases held for sale | $389,111 |
| Unused loan commitments | $6,978 |
| Tier 1 (core) risk-based capital | $6,978 |
| Tier 2 risk-based capital | $35,946 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $14,495 |
| Derivatives | $864 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $19,194 |
| Total interest expense | $4,222 |
| Net interest income | $14,972 |
| Provision for loan and lease losses | $2,987 |
| Total noninterest income | $2,792 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $1,460 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $1,332 |
| Total noninterest expense | $13,253 |
| Salaries and employee benefits | $5,490 |
| Premises and equipment expense | $1,207 |
| Additional noninterest expense | $6,556 |
| Pre-tax net operating income | $1,524 |
| Securities gains (losses) | $12 |
| Applicable income taxes | $504 |
| Income before extraordinary items | $1,032 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,032 |
| Net charge-offs | $0 |
| Cash dividends | $1,032 |
| Sale, conversion, retirement of capital stock, net | $2,622 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.45% |
| Cost of funding earning assets | 1.20% |
| Net interest margin | 4.25% |
| Noninterest income to earning assets | 0.79% |
| Noninterest expense to earning assets | 3.76% |
| Net operating income to assets | 0.26% |
| Return on assets (ROA) | 0.26% |
| Pretax return on assets | 0.39% |
| Return on equity (ROE) | 2.82% |
| Retained earnings to average equity (YTD only) | 2.82% |
| Net charge-offs to loans | 0.90% |
| Credit loss provision to net charge-offs | 113.92% |
| Efficiency ratio | 1.72% |
| Assets per employee | $74,218 |
| Cash dividends to net income (YTD only) | 4.02% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.82% |
| Noncurrent assets plus other real estate owned to assets | 172.99% |
| Noncurrent loans to loans | 2.28% |
| Net loans and leases to deposits | 1.05% |
| Net loans and leases to core deposits | 80.44% |
| Equity capital to assets | 92.49% |
| Core capital (leverage) ratio | 9.59% |
| Tier 1 risk-based capital ratio | 9.24% |
| Total risk-based capital ratio | 13.04% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $398,791 |
| Average equity | $36,577 |
| Average loans | $352,303 |
| 8 Mississippi Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 56264 | Community Bank, Coast | 677 Dr. Martin Luther King Jr. Boulevard, Biloxi, MS 39530 | January 22, 1996 | Full Service Brick and Mortar |  |
| 1 | 290403 | Gulfport Branch | 2015 East Pass Road, Gulfport, MS 39506 | September 16, 1996 | Full Service Brick and Mortar |  |
| 2 | 361478 | Ocean Springs Branch | 2314 Bienville Blvd, Ocean Springs, MS 39564 | July 27, 2000 | Full Service Brick and Mortar | |
| 3 | 424234 | Orange Grove Branch | 12036 Highway 49, Gulfport, MS 39503 | January 05, 2004 | Full Service Brick and Mortar | |
| 4 | 448824 | D'iberville Branch | 3537 Sangani Blvd, Diberville, MS 39540 | Febuary 15, 2006 | Full Service Brick and Mortar | |
| 5 | 250727 | Leakesville Branch | St. Frances Street, Leakesville, MS 39451 | June 08, 1981 | Full Service Brick and Mortar | |
| 6 | 470100 | Community Bank, National Association Branch | 5110 Main Street, Lucedale, MS 39452 | December 10, 2007 | Full Service Brick and Mortar | |
| 7 | 473834 | Pascagoula Branch | 3419 Market Street, Pascagoula, MS 39567 | April 01, 2008 | Full Service Brick and Mortar | |
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