Mississippi National Bankers Bank in Ridgeland, Mississippi (MS)
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| Mississippi National Bankers Bank | |
|---|---|
| General | FDIC Certificate #: 57118 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: First National Banker's Bank (#25247) Federal Reserve ID: 2951683 Date Established: December 27, 2000 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 357995 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: December 27, 2000 Last Structure Change Effective Date: March 31, 2011 Last Structure Change Process Date: April 12, 2011 Last Data Update: April 12, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 300 Concourse Boulevard, Ridgeland, MS 39157 County: Madison 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 Metropolitan Statistical Area (MSA): Jackson, MS (#3560) Combined Statistical Area (CSA): Jackson-Yazoo City, MS (#298) Core Based Statistical Area (CBSA): Jackson, MS (#27140) CBSA Metro Statistical Area: Jackson, MS (#27140) |
| Financial Summary | Total assets: $132.9 mil |
| Assets and Liabilities (December 31, 2010) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 11 |
| Total assets | $132,865 |
| Cash and due from depository institutions | $57,366 |
| Interest-bearing balances | $56,969 |
| Securities | $2,038 |
| Federal funds sold & reverse repurchase agreements | $15,325 |
| Net loans & leases | $52,297 |
| Loan loss allowance | $1,270 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,217 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $3,622 |
| Life insurance assets | $2,027 |
| Total liabilities and capital | $132,865 |
| Total liabilities | $112,605 |
| Total deposits | $28,505 |
| Interest-bearing deposits | $0 |
| Deposits held in domestic offices | $28,505 |
| % insured (estimated) | 92.90% |
| Federal funds purchased & repurchase agreements | $83,325 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $775 |
| Total equity capital | $20,260 |
| Total bank equity capital | $20,260 |
| Perpetual preferred stock | $20,260 |
| Common stock | $0 |
| Surplus | $610 |
| Undivided profits | $18,546 |
| Memoranda | |
| Noncurrent loans and leases | $1,104 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $5,258 |
| Income earned, not collected on loans | $0 |
| Earning assets | $3,143 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $288 |
| Average Assets, quarterly | $126,629 |
| Volatile liabilities | $7,590 |
| Insider loans | $163,232 |
| FHLB advances | $148,905 |
| Loans and leases held for sale | $83,325 |
| Unused loan commitments | $2,696 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $5,258 |
| Restructured Loans and leases | $756 |
| Derivatives | $775 |
| Income and Expense (December 31, 2010) (Dollar figures in thousands) | |
| Total interest income | $2,827 |
| Total interest expense | $126 |
| Net interest income | $2,701 |
| Provision for loan and lease losses | $1,100 |
| Total noninterest income | $749 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $0 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $749 |
| Total noninterest expense | $2,336 |
| Salaries and employee benefits | $1,321 |
| Premises and equipment expense | $189 |
| Additional noninterest expense | $826 |
| Pre-tax net operating income | $14 |
| Securities gains (losses) | $0 |
| Applicable income taxes | -$33 |
| Income before extraordinary items | $47 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $47 |
| Net charge-offs | $0 |
| Cash dividends | $47 |
| Sale, conversion, retirement of capital stock, net | $1,406 |
| Net operating income | $366 |
| Performance and Condition Ratios (December 31, 2010) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 1.80% |
| Cost of funding earning assets | 0.08% |
| Net interest margin | 1.72% |
| Noninterest income to earning assets | 0.48% |
| Noninterest expense to earning assets | 1.49% |
| Net operating income to assets | 0.03% |
| Return on assets (ROA) | 0.03% |
| Pretax return on assets | 0.01% |
| Return on equity (ROE) | 0.23% |
| Retained earnings to average equity (YTD only) | -1.55% |
| Net charge-offs to loans | 2.48% |
| Credit loss provision to net charge-offs | 78.24% |
| Efficiency ratio | 0.79% |
| Assets per employee | $67,710 |
| Cash dividends to net income (YTD only) | 12.08% |
| Condition Ratios (%) | |
| Loss allowance to loans | 778.72% |
| Loss allowance to noncurrent loans | 2.37% |
| Noncurrent assets plus other real estate owned to assets | 40.41% |
| Noncurrent loans to loans | 2.37% |
| Net loans and leases to deposits | 5.87% |
| Net loans and leases to core deposits | 183.47% |
| Equity capital to assets | 183.47% |
| Core capital (leverage) ratio | 15.25% |
| Tier 1 risk-based capital ratio | 11.64% |
| Total risk-based capital ratio | 32.98% |
| Memoranda | |
| Average assets | $34 |
| Average earning assets | $163,232 |
| Average equity | $20,544 |
| Average loans | $156,980 |
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