Heritage Banking Group in Carthage, Mississippi (MS)
| Heritage Banking Group | |
|---|---|
| General | FDIC Certificate #: 14273 Status: Inactive Closing history: Absorption - Assisted Acquiring institution: Trustmark National Bank (#4988) Federal Reserve ID: 633837 Date Established: January 01, 1920 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 9 (Interstate: No) OTS Docket #: 11565 FDIC's unique #: 8917 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: April 20, 1934 Last Structure Change Effective Date: April 15, 2011 Last Structure Change Process Date: April 18, 2011 Last Data Update: April 18, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 114 South Pearl Street, Carthage, MS 39051 County: Leake 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: $228.3 mil |
| Assets and Liabilities (December 31, 2010) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 66 |
| Total assets | $225,790 |
| Cash and due from depository institutions | $36,051 |
| Interest-bearing balances | $30,340 |
| Securities | $7,117 |
| Federal funds sold & reverse repurchase agreements | $1,000 |
| Net loans & leases | $153,856 |
| Loan loss allowance | $6,310 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $8,603 |
| Other real estate owned | $11,424 |
| Goodwill and other intangibles | $0 |
| All other assets | $7,739 |
| Life insurance assets | $3,656 |
| Total liabilities and capital | $225,790 |
| Total liabilities | $221,239 |
| Total deposits | $196,227 |
| Interest-bearing deposits | $176,828 |
| Deposits held in domestic offices | $196,227 |
| % insured (estimated) | 99.46% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $23,095 |
| Subordinated debt | $0 |
| All other liabilities | $1,917 |
| Total equity capital | $4,551 |
| Total bank equity capital | $4,551 |
| Perpetual preferred stock | $4,551 |
| Common stock | $0 |
| Surplus | $600 |
| Undivided profits | $11,000 |
| Memoranda | |
| Noncurrent loans and leases | $-7,049 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $9,405 |
| Income earned, not collected on loans | $0 |
| Earning assets | $17,488 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $857 |
| Average Assets, quarterly | $192,313 |
| Volatile liabilities | $9,191 |
| Insider loans | $240,100 |
| FHLB advances | $225,089 |
| Loans and leases held for sale | $74,901 |
| Unused loan commitments | $5,281 |
| Tier 1 (core) risk-based capital | $23,095 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $9,405 |
| Restructured Loans and leases | $2,460 |
| Derivatives | $2,405 |
| Income and Expense (December 31, 2010) (Dollar figures in thousands) | |
| Total interest income | $11,676 |
| Total interest expense | $4,524 |
| Net interest income | $7,152 |
| Provision for loan and lease losses | $7,300 |
| Total noninterest income | $1,309 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $1,181 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $128 |
| Total noninterest expense | $11,264 |
| Salaries and employee benefits | $3,510 |
| Premises and equipment expense | $1,153 |
| Additional noninterest expense | $6,601 |
| Pre-tax net operating income | -$10,103 |
| Securities gains (losses) | -$332 |
| Applicable income taxes | $0 |
| Income before extraordinary items | -$10,435 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$10,435 |
| Net charge-offs | $0 |
| Cash dividends | -$10,435 |
| Sale, conversion, retirement of capital stock, net | $5,004 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2010) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.66% |
| Cost of funding earning assets | 2.19% |
| Net interest margin | 3.47% |
| Noninterest income to earning assets | 0.63% |
| Noninterest expense to earning assets | 5.46% |
| Net operating income to assets | -4.21% |
| Return on assets (ROA) | -4.35% |
| Pretax return on assets | -4.35% |
| Return on equity (ROE) | -94.48% |
| Retained earnings to average equity (YTD only) | -94.48% |
| Net charge-offs to loans | 2.79% |
| Credit loss provision to net charge-offs | 145.88% |
| Efficiency ratio | -0.56% |
| Assets per employee | $133,128 |
| Cash dividends to net income (YTD only) | 3.42% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 3.94% |
| Noncurrent assets plus other real estate owned to assets | 36.08% |
| Noncurrent loans to loans | 13.05% |
| Net loans and leases to deposits | 10.92% |
| Net loans and leases to core deposits | 78.41% |
| Equity capital to assets | 126.81% |
| Core capital (leverage) ratio | 2.02% |
| Tier 1 risk-based capital ratio | 2.24% |
| Total risk-based capital ratio | 2.71% |
| Memoranda | |
| Average assets | $4 |
| Average earning assets | $240,100 |
| Average equity | $11,045 |
| Average loans | $206,339 |
| Total Fiduciary and Related Assets (December 31, 2010) (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 | $37 |
| Number of Accounts | 1 |
| 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 |
| 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 | $37 |
| Corporate trust and agency accounts | $37 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $0 |
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