The Commercial Bank in De Kalb, Mississippi (MS)
| The Commercial Bank | |
|---|---|
| General | FDIC Certificate #: 9356 Status: Active Federal Reserve ID: 700430 Bank Holding Company (Regulatory Top Holder): Commercial Capital Corporation (RSSDID: 1086739, Location: Dekalb, MS) Date Established: December 01, 1914 WWW: http://www.commercialbankms.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 5 (Domestic: 5, Interstate: No) OTS Docket #: 11466 FDIC's unique #: 6006 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: Yes 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: 175 Hopper Avenue, De Kalb, MS 39328 County: Kemper 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: $134.1 mil Equity capital: $11.8 mil Deposits held in domestic offices: $107.8 mil Return on assets (ROA): 0.27% ($0.4 mil) Quarterly return on assets: 0.14% ($0.2 mil) Return on Equity (ROE): 3.25% ($0.4 mil) Quarterly return on equity: 1.61% ($0.2 mil) Net income: $0.4 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.27% ($362.0 mil) Quarterly Pretax return on assets: 0.14% ($187.7 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 63 |
| Total assets | $134,063 |
| Cash and due from depository institutions | $6,184 |
| Interest-bearing balances | $1,966 |
| Securities | $31,464 |
| Federal funds sold & reverse repurchase agreements | $2,380 |
| Net loans & leases | $79,640 |
| Loan loss allowance | $1,477 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $6,867 |
| Other real estate owned | $3,392 |
| Goodwill and other intangibles | $0 |
| All other assets | $4,136 |
| Life insurance assets | $134,063 |
| Total liabilities and capital | $122,231 |
| Total liabilities | $107,765 |
| Total deposits | $91,146 |
| Interest-bearing deposits | $107,765 |
| Deposits held in domestic offices | $97 |
| % insured (estimated) | 544.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $13,304 |
| Other borrowed funds | $0 |
| Subordinated debt | $618 |
| All other liabilities | $11,832 |
| Total equity capital | $11,832 |
| Total bank equity capital | $11,832 |
| Perpetual preferred stock | $0 |
| Common stock | $202 |
| Surplus | $9,370 |
| Undivided profits | $2,260 |
| 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 | $1,483 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $558 |
| Average Assets, year-to-date | $115,450 |
| Average Assets, quarterly | $20,273 |
| Volatile liabilities | $140,126 |
| Insider loans | $136,047 |
| FHLB advances | $99,141 |
| Loans and leases held for sale | $135,661 |
| Unused loan commitments | $1,968 |
| Tier 1 (core) risk-based capital | $163 |
| Tier 2 risk-based capital | $12,562 |
| Total risk weighted assets | $1,805 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $7,593 |
| Derivatives | $2,644 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $7,263 |
| Total interest expense | $1,764 |
| Net interest income | $5,499 |
| Provision for loan and lease losses | $408 |
| Total noninterest income | $410 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $792 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$382 |
| Total noninterest expense | $4,961 |
| Salaries and employee benefits | $2,752 |
| Premises and equipment expense | $773 |
| Additional noninterest expense | $1,436 |
| Pre-tax net operating income | $540 |
| Securities gains (losses) | -$162 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $378 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $378 |
| Net charge-offs | $0 |
| Cash dividends | $378 |
| Sale, conversion, retirement of capital stock, net | $1,003 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.90% |
| Cost of funding earning assets | 1.43% |
| Net interest margin | 4.47% |
| Noninterest income to earning assets | 0.33% |
| Noninterest expense to earning assets | 4.03% |
| Net operating income to assets | 0.39% |
| Return on assets (ROA) | 0.27% |
| Pretax return on assets | 0.27% |
| Return on equity (ROE) | 3.25% |
| Retained earnings to average equity (YTD only) | 3.25% |
| Net charge-offs to loans | 1.13% |
| Credit loss provision to net charge-offs | 40.68% |
| Efficiency ratio | 0.95% |
| Assets per employee | $83,957 |
| Cash dividends to net income (YTD only) | 2.13% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.82% |
| Noncurrent assets plus other real estate owned to assets | 99.60% |
| Noncurrent loans to loans | 4.48% |
| Net loans and leases to deposits | 1.83% |
| Net loans and leases to core deposits | 73.90% |
| Equity capital to assets | 76.04% |
| Core capital (leverage) ratio | 8.83% |
| Tier 1 risk-based capital ratio | 9.26% |
| Total risk-based capital ratio | 12.67% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $140,126 |
| Average equity | $11,642 |
| Average loans | $123,019 |
| 5 Mississippi Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 6006 | The Commercial Bank | 175 Hopper Avenue, De Kalb, MS 39328 | December 01, 1914 | Full Service Brick and Mortar |  |
| 2 | 219941 | Collinsville Branch | Highway 19 North, Collinsville, MS 39325 | October 19, 1995 | Full Service Brick and Mortar |  |
| 3 | 219942 | Meridian Branch | 7591 Highway 39, Meridian, MS 39305 | May 20, 1998 | Full Service Brick and Mortar | |
| 4 | 219943 | Medical Center Branch | 1101 22nd Avenue, Meridian, MS 39301 | September 08, 1999 | Full Service Brick and Mortar | |
| 6 | 465219 | Philadelphia Branch | 206 South Lewis Avenue, Philadelphia, MS 39350 | May 23, 2007 | Full Service Brick and Mortar | |
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