Great Southern National Bank in Meridian, Mississippi (MS)
| Great Southern National Bank | |
|---|---|
| General | FDIC Certificate #: 8552 Status: Active Federal Reserve ID: 101738 Bank Holding Company (Regulatory Top Holder): Quitman Management Company, Inc. (RSSDID: 2907260, Location: Meridian, MS) Date Established: March 02, 1902 WWW: http://www.gsnb.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 15 (Domestic: 15, Interstate: No) OTS Docket #: 11309 FDIC's unique #: 5458 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: No Asset Concentration Hierarchy: All Other Specialization < 1 Billion 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: 218 22nd Avenue South, Meridian, MS 39301 County: Lauderdale 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 Core Based Statistical Area (CBSA): Meridian, MS (#32940) CBSA Micro Statistical Area: Yes |
| History of Changes | Change in Location Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $263.8 mil Equity capital: $27.0 mil Deposits held in domestic offices: $234.8 mil Return on assets (ROA): 1.13% ($3.0 mil) Quarterly return on assets: 1.23% ($3.2 mil) Return on Equity (ROE): 11.34% ($3.1 mil) Quarterly return on equity: 11.98% ($3.2 mil) Net income: $3.0 mil Quarterly Net income: $0.8 mil Pretax return on assets: 1.63% ($4,300.5 mil) Quarterly Pretax return on assets: 1.86% ($4,907.3 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 153 |
| Total assets | $263,833 |
| Cash and due from depository institutions | $27,642 |
| Interest-bearing balances | $21,523 |
| Securities | $97,174 |
| Federal funds sold & reverse repurchase agreements | $1,706 |
| Net loans & leases | $127,142 |
| Loan loss allowance | $1,866 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,990 |
| Other real estate owned | $993 |
| Goodwill and other intangibles | $0 |
| All other assets | $3,186 |
| Life insurance assets | $263,833 |
| Total liabilities and capital | $236,805 |
| Total liabilities | $234,829 |
| Total deposits | $188,274 |
| Interest-bearing deposits | $234,829 |
| Deposits held in domestic offices | $88 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,976 |
| All other liabilities | $27,028 |
| Total equity capital | $27,028 |
| Total bank equity capital | $27,028 |
| Perpetual preferred stock | $0 |
| Common stock | $1,500 |
| Surplus | $7,550 |
| Undivided profits | $17,978 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $236 |
| Income earned, not collected on loans | $1,069 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $992 |
| Average Assets, year-to-date | $247,545 |
| Average Assets, quarterly | $99,986 |
| Volatile liabilities | $266,897 |
| Insider loans | $264,784 |
| FHLB advances | $131,874 |
| Loans and leases held for sale | $263,176 |
| Unused loan commitments | $371 |
| Tier 1 (core) risk-based capital | $371 |
| Tier 2 risk-based capital | $25,443 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $14,156 |
| Derivatives | $1,618 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $15,096 |
| Total interest expense | $1,437 |
| Net interest income | $13,659 |
| Provision for loan and lease losses | $494 |
| Total noninterest income | $2,698 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $2,077 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $621 |
| Total noninterest expense | $11,500 |
| Salaries and employee benefits | $7,532 |
| Premises and equipment expense | $1,606 |
| Additional noninterest expense | $2,362 |
| Pre-tax net operating income | $4,363 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $1,360 |
| Income before extraordinary items | $3,003 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $3,003 |
| Net charge-offs | $0 |
| Cash dividends | $3,003 |
| Sale, conversion, retirement of capital stock, net | $561 |
| Net operating income | $2,298 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 6.02% |
| Cost of funding earning assets | 0.57% |
| Net interest margin | 5.45% |
| Noninterest income to earning assets | 1.08% |
| Noninterest expense to earning assets | 4.59% |
| Net operating income to assets | 1.13% |
| Return on assets (ROA) | 1.13% |
| Pretax return on assets | 1.63% |
| Return on equity (ROE) | 11.34% |
| Retained earnings to average equity (YTD only) | 2.66% |
| Net charge-offs to loans | 0.42% |
| Credit loss provision to net charge-offs | 88.06% |
| Efficiency ratio | 8.66% |
| Assets per employee | $70,306 |
| Cash dividends to net income (YTD only) | 1.72% |
| Condition Ratios (%) | |
| Loss allowance to loans | 76.52% |
| Loss allowance to noncurrent loans | 1.45% |
| Noncurrent assets plus other real estate owned to assets | 174.56% |
| Noncurrent loans to loans | 0.78% |
| Net loans and leases to deposits | 0.83% |
| Net loans and leases to core deposits | 54.14% |
| Equity capital to assets | 56.10% |
| Core capital (leverage) ratio | 10.24% |
| Tier 1 risk-based capital ratio | 9.67% |
| Total risk-based capital ratio | 19.29% |
| Memoranda | |
| Average assets | $21 |
| Average earning assets | $266,897 |
| Average equity | $26,484 |
| Average loans | $250,764 |
| 15 Mississippi Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 5458 | Great Southern National Bank | 218 22nd Avenue South, Meridian, MS 39301 | March 02, 1902 | Full Service Brick and Mortar |  |
| 1 | 218703 | Pachuta Branch | U.S. Highway 11, Pachuta, MS 39347 | January 02, 1973 | Full Service Brick and Mortar |  |
| 2 | 218704 | Enterprise Branch | Highway 11 And State Street, Enterprise, MS 39330 | June 25, 1973 | Full Service Brick and Mortar | |
| 4 | 218706 | Meridian North-Branch | 2441 North Hills Street, Meridian, MS 39305 | August 22, 1977 | Full Service Brick and Mortar | |
| 5 | 218707 | West Branch | Highway 11 South And Highway 19, Meridian, MS 39301 | June 21, 1979 | Full Service Brick and Mortar | |
| 6 | 13421 | Waynesboro Branch | 1010 Azalea Drive, Waynesboro, MS 39367 | August 23, 1966 | Full Service Brick and Mortar | |
| 7 | 16069 | Quitman Branch | 116 Archusa Avenue, Quitman, MS 39355 | October 01, 1979 | Full Service Brick and Mortar | |
| 11 | 15668 | Hattiesburg Main Branch | 1300 Hardy Street, Hattiesburg, MS 39401 | June 10, 1977 | Full Service Brick and Mortar | |
| 12 | 254662 | Northside Branch | North Main Street At Glendale Road, Hattiesburg, MS 39401 | September 05, 1978 | Full Service Brick and Mortar | |
| 13 | 254663 | University West Branch | 3902 Hardy Street, Hattiesburg, MS 39401 | December 05, 1980 | Full Service Brick and Mortar | |
| 14 | 218708 | Bank Of Decatur Branch | 15122 Highway 15 South, Decatur, MS 39327 | June 27, 1986 | Full Service Brick and Mortar | |
| 17 | 218711 | Medical Center Branch | 1219 22nd Avenue, Meridian, MS 39301 | November 19, 1990 | Full Service Brick and Mortar | |
| 18 | 218712 | East River Branch | 860 East River Place, Suite 102, Jackson, MS 39205 | May 05, 1993 | Limited Service Loan Production | |
| 19 | 218713 | West Branch | 6232 U.S. Highway 98, Hattiesburg, MS 39402 | October 01, 1997 | Full Service Brick and Mortar | |
| 20 | 218714 | Bonita Lakes Branch | 1245 Bonita Lakes Circle, Meridian, MS 39301 | August 20, 1998 | Full Service Brick and Mortar | |
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