The Jefferson Bank in Fayette, Mississippi (MS)
| The Jefferson Bank | |
|---|---|
| General | FDIC Certificate #: 11445 Status: Active Federal Reserve ID: 703039 Bank Holding Company (Regulatory Top Holder): Southeast Arkansas Bank Corporation (RSSDID: 1137033, Location: Lake Village, AR) Date Established: January 03, 1901 WWW: http://www.thejeffersonbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Domestic: 4, Interstate: No) FDIC's unique #: 7308 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Agricultural lending institution: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Agricultural Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: June 04, 2010 Last Structure Change Process Date: June 07, 2010 Last Data Update: June 07, 2010 Data Source Date: April 05, 2012 |
| Location | Address: 1445 Main Street, Fayette, MS 39069 County: Jefferson 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 |
| History of Changes | Participated in FDIC Assisted Absorption/Consolidation/Merger |
| Financial Summary | Total assets: $95.1 mil Equity capital: $14.7 mil Deposits held in domestic offices: $79.8 mil Return on assets (ROA): 2.82% ($2.7 mil) Quarterly return on assets: -2.82% (-$2.7 mil) Return on Equity (ROE): 18.21% ($2.7 mil) Quarterly return on equity: -18.17% (-$2.7 mil) Net income: $2.7 mil Quarterly Net income: -$0.7 mil Pretax return on assets: 4.03% ($3,833.0 mil) Quarterly Pretax return on assets: -2.68% (-$2,549.0 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 26 |
| Total assets | $95,111 |
| Cash and due from depository institutions | $2,788 |
| Interest-bearing balances | $844 |
| Securities | $34,217 |
| Federal funds sold & reverse repurchase agreements | $15,150 |
| Net loans & leases | $40,157 |
| Loan loss allowance | $1,348 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $818 |
| Other real estate owned | $17 |
| Goodwill and other intangibles | $302 |
| All other assets | $1,662 |
| Life insurance assets | $95,111 |
| Total liabilities and capital | $80,423 |
| Total liabilities | $79,755 |
| Total deposits | $64,948 |
| Interest-bearing deposits | $79,755 |
| Deposits held in domestic offices | $78 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $408 |
| Other borrowed funds | $0 |
| Subordinated debt | $260 |
| All other liabilities | $14,688 |
| Total equity capital | $14,688 |
| Total bank equity capital | $14,688 |
| Perpetual preferred stock | $0 |
| Common stock | $100 |
| Surplus | $5,350 |
| Undivided profits | $9,238 |
| 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 | $1,004 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,056 |
| Average Assets, year-to-date | $90,368 |
| Average Assets, quarterly | $27,648 |
| Volatile liabilities | $95,790 |
| Insider loans | $99,879 |
| FHLB advances | $49,598 |
| Loans and leases held for sale | $100,887 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $14,075 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $4,456 |
| Derivatives | $377 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $4,954 |
| Total interest expense | $560 |
| Net interest income | $4,394 |
| Provision for loan and lease losses | $350 |
| Total noninterest income | $3,716 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $302 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $3,414 |
| Total noninterest expense | $3,847 |
| Salaries and employee benefits | $1,746 |
| Premises and equipment expense | $473 |
| Additional noninterest expense | $1,628 |
| Pre-tax net operating income | $3,913 |
| Securities gains (losses) | -$53 |
| Applicable income taxes | $1,159 |
| Income before extraordinary items | $2,701 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,701 |
| Net charge-offs | $0 |
| Cash dividends | $2,701 |
| Sale, conversion, retirement of capital stock, net | $5 |
| Net operating income | $1,110 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.47% |
| Cost of funding earning assets | 0.62% |
| Net interest margin | 4.85% |
| Noninterest income to earning assets | 4.10% |
| Noninterest expense to earning assets | 4.25% |
| Net operating income to assets | 2.86% |
| Return on assets (ROA) | 2.82% |
| Pretax return on assets | 4.03% |
| Return on equity (ROE) | 18.21% |
| Retained earnings to average equity (YTD only) | 10.72% |
| Net charge-offs to loans | 0.01% |
| Credit loss provision to net charge-offs | 7000.00% |
| Efficiency ratio | 852.60% |
| Assets per employee | $47,435 |
| Cash dividends to net income (YTD only) | 3.66% |
| Condition Ratios (%) | |
| Loss allowance to loans | 41.10% |
| Loss allowance to noncurrent loans | 3.25% |
| Noncurrent assets plus other real estate owned to assets | 134.26% |
| Noncurrent loans to loans | 1.07% |
| Net loans and leases to deposits | 2.42% |
| Net loans and leases to core deposits | 50.35% |
| Equity capital to assets | 60.32% |
| Core capital (leverage) ratio | 15.44% |
| Tier 1 risk-based capital ratio | 13.95% |
| Total risk-based capital ratio | 28.38% |
| Memoranda | |
| Average assets | $30 |
| Average earning assets | $95,790 |
| Average equity | $14,835 |
| Average loans | $90,613 |
| 4 Mississippi Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 7308 | The Jefferson Bank | 1445 Main Street, Fayette, MS 39069 | January 03, 1901 | Full Service Brick and Mortar |  |
| 1 | 224644 | Greenville Branch | 1645 Martin Luther King Boulevard, Greenville, MS 38701 | July 01, 1998 | Full Service Brick and Mortar |  |
| 2 | 363062 | Reed Road Branch | 3008 East Reed Road, Greenville, MS 38701 | January 14, 2002 | Full Service Brick and Mortar | |
| 4 | 510009 | Rosedale Branch | 600 Main Street, Rosedale, MS 38769 | June 05, 2010 | Full Service Brick and Mortar | |
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