Community Bank of Mississippi in Forest, Mississippi (MS)
| Community Bank of Mississippi | |
|---|---|
| General | FDIC Certificate #: 8879 Status: Active Federal Reserve ID: 460033 Bank Holding Company (Regulatory Top Holder): Community Bancshares Of Mississippi, Inc. Employee Stock Ownership Plan (RSSDID: 2313544, Location: Brandon, MS) Date Established: August 14, 1905 WWW: http://www.communitybank.net Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 13 (Domestic: 13, Interstate: No) OTS Docket #: 10896 FDIC's unique #: 5671 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: April 06, 2010 Last Structure Change Process Date: April 06, 2010 Last Data Update: April 06, 2010 Data Source Date: April 05, 2012 |
| Location | Address: 323 East Third Street, Forest, MS 39074 County: Scott 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 |
| Financial Summary | Total assets: $639.2 mil Equity capital: $60.2 mil Deposits held in domestic offices: $566.3 mil Return on assets (ROA): 0.87% ($5.6 mil) Quarterly return on assets: 0.78% ($5.0 mil) Return on Equity (ROE): 9.32% ($5.6 mil) Quarterly return on equity: 8.25% ($5.0 mil) Net income: $5.6 mil Quarterly Net income: $1.2 mil Pretax return on assets: 1.33% ($8,501.9 mil) Quarterly Pretax return on assets: 1.18% ($7,543.1 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 160 |
| Total assets | $639,243 |
| Cash and due from depository institutions | $43,910 |
| Interest-bearing balances | $28,870 |
| Securities | $124,917 |
| Federal funds sold & reverse repurchase agreements | $5,000 |
| Net loans & leases | $413,115 |
| Loan loss allowance | $5,078 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $18,836 |
| Other real estate owned | $11,350 |
| Goodwill and other intangibles | $0 |
| All other assets | $22,115 |
| Life insurance assets | $639,243 |
| Total liabilities and capital | $579,066 |
| Total liabilities | $566,273 |
| Total deposits | $499,887 |
| Interest-bearing deposits | $566,273 |
| Deposits held in domestic offices | $87 |
| % insured (estimated) | 2387.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $2,168 |
| Other borrowed funds | $0 |
| Subordinated debt | $8,238 |
| All other liabilities | $60,177 |
| Total equity capital | $60,173 |
| Total bank equity capital | $60,173 |
| Perpetual preferred stock | $0 |
| Common stock | $375 |
| Surplus | $10,451 |
| Undivided profits | $49,347 |
| Memoranda | |
| Noncurrent loans and leases | $4 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $7,471 |
| Earning assets | $1,246 |
| Long-term assets (5+ years) | $2,726 |
| Average Assets, year-to-date | $571,902 |
| Average Assets, quarterly | $100,464 |
| Volatile liabilities | $638,942 |
| Insider loans | $637,381 |
| FHLB advances | $415,980 |
| Loans and leases held for sale | $624,422 |
| Unused loan commitments | $8,004 |
| Tier 1 (core) risk-based capital | $8,004 |
| Tier 2 risk-based capital | $59,633 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $34,408 |
| Derivatives | $12,803 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $29,785 |
| Total interest expense | $4,472 |
| Net interest income | $25,313 |
| Provision for loan and lease losses | $418 |
| Total noninterest income | $3,395 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $2,141 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $1,254 |
| Total noninterest expense | $20,630 |
| Salaries and employee benefits | $10,011 |
| Premises and equipment expense | $1,668 |
| Additional noninterest expense | $8,951 |
| Pre-tax net operating income | $7,660 |
| Securities gains (losses) | $818 |
| Applicable income taxes | $2,905 |
| Income before extraordinary items | $5,573 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $5,573 |
| Net charge-offs | $0 |
| Cash dividends | $5,573 |
| Sale, conversion, retirement of capital stock, net | $1,436 |
| Net operating income | $4,100 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.26% |
| Cost of funding earning assets | 0.79% |
| Net interest margin | 4.47% |
| Noninterest income to earning assets | 0.60% |
| Noninterest expense to earning assets | 3.64% |
| Net operating income to assets | 0.79% |
| Return on assets (ROA) | 0.87% |
| Pretax return on assets | 1.33% |
| Return on equity (ROE) | 9.32% |
| Retained earnings to average equity (YTD only) | 2.46% |
| Net charge-offs to loans | 0.35% |
| Credit loss provision to net charge-offs | 29.11% |
| Efficiency ratio | 5.63% |
| Assets per employee | $71,862 |
| Cash dividends to net income (YTD only) | 4.00% |
| Condition Ratios (%) | |
| Loss allowance to loans | 73.57% |
| Loss allowance to noncurrent loans | 1.21% |
| Noncurrent assets plus other real estate owned to assets | 67.97% |
| Noncurrent loans to loans | 2.94% |
| Net loans and leases to deposits | 1.79% |
| Net loans and leases to core deposits | 72.95% |
| Equity capital to assets | 78.19% |
| Core capital (leverage) ratio | 9.41% |
| Tier 1 risk-based capital ratio | 9.55% |
| Total risk-based capital ratio | 14.34% |
| Memoranda | |
| Average assets | $16 |
| Average earning assets | $638,942 |
| Average equity | $59,824 |
| Average loans | $566,624 |
| 13 Mississippi Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5671 | Community Bank Of Mississippi | 323 East Third Street, Forest, MS 39074 | August 14, 1905 | Full Service Brick and Mortar |  |
| 2 | 219115 | Raleigh Branch | 210 Mimosa Drive, Raleigh, MS 39153 | June 20, 1994 | Full Service Brick and Mortar |  |
| 3 | 187889 | Canton Road Branch | 6158 Old Canton Road, Jackson, MS 39211 | January 16, 1992 | Full Service Brick and Mortar | |
| 4 | 187890 | Crossgates Branch | 1255 West Government Street, Brandon, MS 39042 | April 17, 1995 | Full Service Brick and Mortar | |
| 10 | 428108 | Pearl Branch | 2441 Old Brandon Road, Pearl, MS 39208 | May 05, 2004 | Full Service Brick and Mortar | |
| 11 | 440825 | Community Bank, Dogwood Branch | 140 East Metro, Flowood, MS 39232 | June 02, 2005 | Full Service Brick and Mortar | |
| 12 | 457860 | Lefleur Branch | 1665 Lakeland Drive, Jackson, MS 39216 | January 16, 2007 | Full Service Brick and Mortar | |
| 13 | 512424 | Madison Branch | 998 Highway 51, Madison, MS 39110 | September 01, 2010 | Full Service Brick and Mortar | |
| 14 | 513957 | Flowood Loan Production Office | 110a Belle Meade Pointe, Flowood, MS 39232 | September 01, 2010 | Limited Service Loan Production | |
| 15 | 520035 | Hernando Mortgage Lpo | 475 East Commerce Street, Hernando, MS 38632 | May 13, 2011 | Full Service Brick and Mortar | |
| 16 | 520036 | Laurel Mortgage Lpo | 909 North 16th Avenue, Laurel, MS 39441 | May 13, 2011 | Full Service Brick and Mortar | |
| 17 | 520037 | Southaven Mortgage Lpo | 6910 Airways Blvd, Southaven, MS 38672 | May 13, 2011 | Full Service Brick and Mortar | |
| 18 | 520038 | Tupelo Mortgage Lpo | 1317 North Gloster Street, Tupelo, MS 38804 | May 13, 2011 | Full Service Brick and Mortar | |
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