Community Bank, North Mississippi in Amory, Mississippi (MS), TN
| Community Bank, North Mississippi | |
|---|---|
| General | FDIC Certificate #: 11438 Status: Active Federal Reserve ID: 653349 Bank Holding Company (Regulatory Top Holder): Community Bancshares Of Mississippi, Inc. Employee Stock Ownership Plan (RSSDID: 2313544, Location: Brandon, MS) Date Established: May 20, 1912 WWW: http://www.communitybank.net Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 9 (Domestic: 9, Interstate: Yes) FDIC's unique #: 7304 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, 2009 Last Structure Change Process Date: April 15, 2009 Last Data Update: April 15, 2009 Data Source Date: April 05, 2012 |
| Location | Address: 900 North Main Street, Amory, MS 38821 County: Monroe 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 | Participated in Absorption/Consolidation/Merger |
| Financial Summary | Total assets: $486.7 mil Equity capital: $44.2 mil Deposits held in domestic offices: $433.9 mil Return on assets (ROA): 0.09% ($0.4 mil) Quarterly return on assets: 0.34% ($1.7 mil) Return on Equity (ROE): 1.01% ($0.4 mil) Quarterly return on equity: 3.75% ($1.6 mil) Net income: $0.4 mil Quarterly Net income: $0.4 mil Pretax return on assets: 0.12% ($584.0 mil) Quarterly Pretax return on assets: 0.51% ($2,482.1 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 102 |
| Total assets | $486,692 |
| Cash and due from depository institutions | $17,252 |
| Interest-bearing balances | $6,352 |
| Securities | $108,593 |
| Federal funds sold & reverse repurchase agreements | $5,000 |
| Net loans & leases | $295,114 |
| Loan loss allowance | $4,359 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $20,296 |
| Other real estate owned | $16,576 |
| Goodwill and other intangibles | $3,574 |
| All other assets | $20,287 |
| Life insurance assets | $486,692 |
| Total liabilities and capital | $442,524 |
| Total liabilities | $433,873 |
| Total deposits | $389,892 |
| Interest-bearing deposits | $433,873 |
| Deposits held in domestic offices | $89 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $7,442 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,209 |
| All other liabilities | $44,168 |
| Total equity capital | $44,168 |
| Total bank equity capital | $44,168 |
| Perpetual preferred stock | $0 |
| Common stock | $402 |
| Surplus | $38,244 |
| Undivided profits | $5,522 |
| 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 | $5,754 |
| Earning assets | $35 |
| Long-term assets (5+ years) | $1,934 |
| Average Assets, year-to-date | $415,059 |
| Average Assets, quarterly | $83,119 |
| Volatile liabilities | $487,172 |
| Insider loans | $484,799 |
| FHLB advances | $322,891 |
| Loans and leases held for sale | $480,519 |
| Unused loan commitments | $8,290 |
| Tier 1 (core) risk-based capital | $8,290 |
| Tier 2 risk-based capital | $40,433 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $20,672 |
| Derivatives | $6,081 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $19,271 |
| Total interest expense | $4,498 |
| Net interest income | $14,773 |
| Provision for loan and lease losses | $2,358 |
| Total noninterest income | $2,281 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $1,321 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $960 |
| Total noninterest expense | $14,750 |
| Salaries and employee benefits | $5,425 |
| Premises and equipment expense | $1,854 |
| Additional noninterest expense | $7,471 |
| Pre-tax net operating income | -$54 |
| Securities gains (losses) | $661 |
| Applicable income taxes | $165 |
| Income before extraordinary items | $442 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $442 |
| Net charge-offs | $0 |
| Cash dividends | $442 |
| Sale, conversion, retirement of capital stock, net | $2,499 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.60% |
| Cost of funding earning assets | 1.07% |
| Net interest margin | 3.53% |
| Noninterest income to earning assets | 0.54% |
| Noninterest expense to earning assets | 3.52% |
| Net operating income to assets | -0.01% |
| Return on assets (ROA) | 0.09% |
| Pretax return on assets | 0.12% |
| Return on equity (ROE) | 1.01% |
| Retained earnings to average equity (YTD only) | 1.01% |
| Net charge-offs to loans | 0.82% |
| Credit loss provision to net charge-offs | 94.36% |
| Efficiency ratio | 0.92% |
| Assets per employee | $85,880 |
| Cash dividends to net income (YTD only) | 4.77% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.46% |
| Noncurrent assets plus other real estate owned to assets | 75.76% |
| Noncurrent loans to loans | 4.59% |
| Net loans and leases to deposits | 1.92% |
| Net loans and leases to core deposits | 68.02% |
| Equity capital to assets | 75.98% |
| Core capital (leverage) ratio | 9.08% |
| Tier 1 risk-based capital ratio | 8.41% |
| Total risk-based capital ratio | 12.52% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $487,172 |
| Average equity | $43,804 |
| Average loans | $418,795 |
| Total Fiduciary and Related Assets (December 31, 2005) (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 | $124 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $124 |
| Employee benefit-defined contribution accounts | $124 |
| 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 | 2 |
| 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 |
| 7 Mississippi Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 7304 | Community Bank, North Mississippi | 900 North Main Street, Amory, MS 38821 | May 20, 1912 | Full Service Brick and Mortar |  |
| 1 | 224629 | East Branch | 902 Highway 278 East, Amory, MS 38821 | April 01, 1965 | Limited Service Facility |  |
| 5 | 453953 | Tupelo Branch | 1317 North Gloster, Tupelo, MS 38804 | August 07, 2006 | Full Service Brick and Mortar | |
| 6 | 734 | Indianola Branch | 147 Highway 82, Indianola, MS 38751 | January 01, 1932 | Full Service Brick and Mortar | |
| 8 | 290782 | Olive Branch | 6305 Highway 405, Olive Branch, MS 38654 | Febuary 23, 1999 | Full Service Brick and Mortar | |
| 9 | 290783 | Hernando Branch | 475 East Commerce Street, Hernando, MS 38632 | October 06, 1999 | Full Service Brick and Mortar | |
| 11 | 442642 | Southaven Branch | 6910 Airways Blvd, Southaven, MS 38671 | January 01, 2005 | Full Service Brick and Mortar | |
| 2 Tennessee Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 7 | 61200 | Memphis Branch | 6465 Quail Hollow Road, Memphis, TN 38137 | May 11, 1998 | Full Service Brick and Mortar | |
| 10 | 424237 | Loan Production Branch | 5100 Poplar Avenue, Suite 2700, Memphis, TN 38137 | January 02, 2004 | Limited Service Loan Production | |
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