DeSoto County Bank in Horn Lake, Mississippi (MS)
| DeSoto County Bank | |
|---|---|
| General | FDIC Certificate #: 58154 Status: Active Federal Reserve ID: 3388370 Date Established: January 23, 2006 WWW: http://www.desotobank.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) FDIC's unique #: 440768 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 23, 2006 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: 6040 Highway 51 North, Horn Lake, MS 38637 County: Desoto Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Memphis Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Metropolitan Statistical Area (MSA): Memphis, TN-AR-MS (#4920) Core Based Statistical Area (CBSA): Memphis, TN-MS-AR (#32820) CBSA Metro Statistical Area: Memphis, TN-MS-AR (#32820) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $74.8 mil Equity capital: $10.4 mil Deposits held in domestic offices: $61.2 mil Return on assets (ROA): 0.19% ($0.1 mil) Quarterly return on assets: 0.91% ($0.7 mil) Return on Equity (ROE): 1.44% ($0.1 mil) Quarterly return on equity: 6.74% ($0.7 mil) Net income: $0.1 mil Quarterly Net income: $0.2 mil Pretax return on assets: 0.26% ($194.5 mil) Quarterly Pretax return on assets: 0.99% ($740.7 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 19 |
| Total assets | $74,822 |
| Cash and due from depository institutions | $2,443 |
| Interest-bearing balances | $568 |
| Securities | $7,387 |
| Federal funds sold & reverse repurchase agreements | $1,003 |
| Net loans & leases | $59,386 |
| Loan loss allowance | $1,212 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,609 |
| Other real estate owned | $2,073 |
| Goodwill and other intangibles | $0 |
| All other assets | $921 |
| Life insurance assets | $74,822 |
| Total liabilities and capital | $64,432 |
| Total liabilities | $61,243 |
| Total deposits | $56,406 |
| Interest-bearing deposits | $61,243 |
| Deposits held in domestic offices | $93 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $2,900 |
| Other borrowed funds | $0 |
| Subordinated debt | $289 |
| All other liabilities | $10,390 |
| Total equity capital | $10,390 |
| Total bank equity capital | $10,390 |
| Perpetual preferred stock | $2,715 |
| Common stock | $1,018 |
| Surplus | $9,583 |
| Undivided profits | $-2,926 |
| 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 | $1,139 |
| Earning assets | $91 |
| Long-term assets (5+ years) | $333 |
| Average Assets, year-to-date | $68,344 |
| Average Assets, quarterly | $6,129 |
| Volatile liabilities | $77,901 |
| Insider loans | $76,132 |
| FHLB advances | $56,418 |
| Loans and leases held for sale | $76,252 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $10,418 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $7,308 |
| Derivatives | $2,919 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $4,343 |
| Total interest expense | $950 |
| Net interest income | $3,393 |
| Provision for loan and lease losses | $628 |
| Total noninterest income | $185 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $135 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $50 |
| Total noninterest expense | $2,736 |
| Salaries and employee benefits | $1,287 |
| Premises and equipment expense | $394 |
| Additional noninterest expense | $1,055 |
| Pre-tax net operating income | $214 |
| Securities gains (losses) | -$8 |
| Applicable income taxes | $57 |
| Income before extraordinary items | $149 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $149 |
| Net charge-offs | $0 |
| Cash dividends | $149 |
| Sale, conversion, retirement of capital stock, net | $711 |
| Net operating income | $131 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 6.01% |
| Cost of funding earning assets | 1.31% |
| Net interest margin | 4.69% |
| Noninterest income to earning assets | 0.26% |
| Noninterest expense to earning assets | 3.78% |
| Net operating income to assets | 0.20% |
| Return on assets (ROA) | 0.19% |
| Pretax return on assets | 0.26% |
| Return on equity (ROE) | 1.44% |
| Retained earnings to average equity (YTD only) | 0.17% |
| Net charge-offs to loans | 1.10% |
| Credit loss provision to net charge-offs | 88.33% |
| Efficiency ratio | 1.18% |
| Assets per employee | $76,467 |
| Cash dividends to net income (YTD only) | 3.94% |
| Condition Ratios (%) | |
| Loss allowance to loans | 87.92% |
| Loss allowance to noncurrent loans | 2.00% |
| Noncurrent assets plus other real estate owned to assets | 106.41% |
| Noncurrent loans to loans | 4.57% |
| Net loans and leases to deposits | 1.88% |
| Net loans and leases to core deposits | 96.97% |
| Equity capital to assets | 115.92% |
| Core capital (leverage) ratio | 13.89% |
| Tier 1 risk-based capital ratio | 13.66% |
| Total risk-based capital ratio | 18.47% |
| Memoranda | |
| Average assets | $20 |
| Average earning assets | $77,901 |
| Average equity | $10,323 |
| Average loans | $72,298 |
| 2 Mississippi Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 440768 | Desoto County Bank | 6040 Highway 51 North, Horn Lake, MS 38637 | January 23, 2006 | Full Service Brick and Mortar |  |
| 1 | 513828 | Southaven Branch | 5740 Getwell Road, Southaven, MS 38672 | October 12, 2010 | Full Service Brick and Mortar |  |
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