Pike National Bank in Mccomb, Mississippi (MS)
| Pike National Bank | |
|---|---|
| General | FDIC Certificate #: 26379 Status: Active Federal Reserve ID: 880332 Bank Holding Company (Regulatory Top Holder): Pcnb Corp. (RSSDID: 3447428, Location: Mccomb, MS) Date Established: September 30, 1985 WWW: http://www.pnb-ms.net Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 11 (Domestic: 11, Interstate: No) OTS Docket #: 11982 FDIC's unique #: 32981 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: Commercial Lending Specialization Date of Deposit Insurance: September 30, 1985 Last Structure Change Effective Date: Febuary 01, 2007 Last Structure Change Process Date: March 29, 2007 Last Data Update: March 29, 2007 Data Source Date: April 05, 2012 |
| Location | Address: 350 Rawls Drive, Mccomb, MS 39648 County: Pike 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): McComb, MS (#32620) CBSA Micro Statistical Area: Yes |
| History of Changes | Name Change |
| Financial Summary | Total assets: $206.6 mil Equity capital: $25.6 mil Deposits held in domestic offices: $156.6 mil Return on assets (ROA): 0.91% ($1.9 mil) Quarterly return on assets: 1.23% ($2.5 mil) Return on Equity (ROE): 7.63% ($2.0 mil) Quarterly return on equity: 10.10% ($2.6 mil) Net income: $1.9 mil Quarterly Net income: $0.6 mil Pretax return on assets: 1.31% ($2,706.8 mil) Quarterly Pretax return on assets: 1.43% ($2,954.8 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 106 |
| Total assets | $206,627 |
| Cash and due from depository institutions | $14,914 |
| Interest-bearing balances | $9,666 |
| Securities | $48,827 |
| Federal funds sold & reverse repurchase agreements | $2,025 |
| Net loans & leases | $120,282 |
| Loan loss allowance | $1,700 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $9,294 |
| Other real estate owned | $5,638 |
| Goodwill and other intangibles | $150 |
| All other assets | $5,497 |
| Life insurance assets | $206,627 |
| Total liabilities and capital | $181,014 |
| Total liabilities | $156,571 |
| Total deposits | $122,782 |
| Interest-bearing deposits | $156,571 |
| Deposits held in domestic offices | $83 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $21,459 |
| Other borrowed funds | $0 |
| Subordinated debt | $2,984 |
| All other liabilities | $25,613 |
| Total equity capital | $25,613 |
| Total bank equity capital | $25,613 |
| Perpetual preferred stock | $0 |
| Common stock | $2,602 |
| Surplus | $4,743 |
| Undivided profits | $18,268 |
| 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 | $2,460 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $895 |
| Average Assets, year-to-date | $180,800 |
| Average Assets, quarterly | $53,647 |
| Volatile liabilities | $208,382 |
| Insider loans | $210,742 |
| FHLB advances | $135,850 |
| Loans and leases held for sale | $211,418 |
| Unused loan commitments | $1,041 |
| Tier 1 (core) risk-based capital | $1,041 |
| Tier 2 risk-based capital | $24,926 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $5,280 |
| Derivatives | $1,014 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $12,581 |
| Total interest expense | $2,781 |
| Net interest income | $9,800 |
| Provision for loan and lease losses | $631 |
| Total noninterest income | $2,462 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $1,255 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $1,207 |
| Total noninterest expense | $9,223 |
| Salaries and employee benefits | $4,869 |
| Premises and equipment expense | $1,529 |
| Additional noninterest expense | $2,825 |
| Pre-tax net operating income | $2,408 |
| Securities gains (losses) | $332 |
| Applicable income taxes | $850 |
| Income before extraordinary items | $1,890 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,890 |
| Net charge-offs | $0 |
| Cash dividends | $1,890 |
| Sale, conversion, retirement of capital stock, net | $731 |
| Net operating income | $688 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 6.89% |
| Cost of funding earning assets | 1.52% |
| Net interest margin | 5.37% |
| Noninterest income to earning assets | 1.35% |
| Noninterest expense to earning assets | 5.05% |
| Net operating income to assets | 0.80% |
| Return on assets (ROA) | 0.91% |
| Pretax return on assets | 1.31% |
| Return on equity (ROE) | 7.63% |
| Retained earnings to average equity (YTD only) | 4.85% |
| Net charge-offs to loans | 0.60% |
| Credit loss provision to net charge-offs | 86.32% |
| Efficiency ratio | 4.16% |
| Assets per employee | $75,216 |
| Cash dividends to net income (YTD only) | 1.95% |
| Condition Ratios (%) | |
| Loss allowance to loans | 36.40% |
| Loss allowance to noncurrent loans | 1.39% |
| Noncurrent assets plus other real estate owned to assets | 69.11% |
| Noncurrent loans to loans | 3.92% |
| Net loans and leases to deposits | 2.02% |
| Net loans and leases to core deposits | 76.82% |
| Equity capital to assets | 82.85% |
| Core capital (leverage) ratio | 12.40% |
| Tier 1 risk-based capital ratio | 11.79% |
| Total risk-based capital ratio | 18.35% |
| Memoranda | |
| Average assets | $20 |
| Average earning assets | $208,382 |
| Average equity | $24,768 |
| Average loans | $182,509 |
| 11 Mississippi Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 32981 | Pike National Bank | 350 Rawls Drive, Mccomb, MS 39648 | September 30, 1985 | Full Service Brick and Mortar |  |
| 2 | 259256 | South Broadway Branch | 628 South Broadway, Mccomb, MS 39648 | July 15, 1991 | Limited Service Facility |  |
| 3 | 259257 | Pikco Mccomb Branch | 352 Rawls Drive, Mccomb, MS 39648 | March 15, 1993 | Limited Service Consumer Credit | |
| 4 | 259258 | Pikco Meridian Branch | 802 23rd Avenue, Meridian, MS 39301 | March 01, 1994 | Limited Service Consumer Credit | |
| 5 | 259259 | Pikco Finance Philadelphia Branch | 1120 East Main Street, Suite 15, Philadelphia, MS 39350 | July 25, 1994 | Limited Service Consumer Credit | |
| 6 | 259260 | Pikco Brookhaven Branch | 203 Highway 51 North, Brookhaven, MS 39601 | April 03, 1995 | Limited Service Consumer Credit | |
| 7 | 259261 | Pikco Petal Branch | 501 New Richton Road, Petal, MS 39465 | April 03, 1995 | Limited Service Consumer Credit | |
| 8 | 259262 | Magnolia Branch | 1006 Highway 48 East, Magnolia, MS 39652 | November 11, 1996 | Limited Service Facility | |
| 9 | 358229 | Walthall County Division Branch | 1207 Beulah Avenue, Tylertown, MS 39667 | September 10, 2000 | Full Service Brick and Mortar | |
| 10 | 447427 | Veterans Boulevard Branch | 1808 Pikes Point Circle, Mccomb, MS 39648 | November 28, 2005 | Limited Service Facility | |
| 11 | 463397 | Brookhaven Branch | 702 Highway 51 North, Brookhaven, MS 39601 | April 16, 2007 | Full Service Brick and Mortar | |
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