The Peoples Bank, Biloxi, Mississippi in Biloxi, Mississippi (MS)
| The Peoples Bank, Biloxi, Mississippi | |
|---|---|
| General | FDIC Certificate #: 340 Status: Active Federal Reserve ID: 870539 Bank Holding Company (Regulatory Top Holder): Peoples Financial Corporation (RSSDID: 1133174, Location: Biloxi, MS) Date Established: April 13, 1896 WWW: http://www.thepeoples.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 17 (Domestic: 17, Interstate: No) FDIC's unique #: 270 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: No Asset Concentration Hierarchy: Commercial Lending Specialization 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: Lameuse And Howard Avenues, Biloxi, MS 39533 County: Harrison 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): Biloxi-Gulfport-Pascagoula, MS (#920) Combined Statistical Area (CSA): Gulfport-Biloxi-Pascagoula, MS (#274) Core Based Statistical Area (CBSA): Gulfport-Biloxi, MS (#25060) CBSA Metro Statistical Area: Gulfport-Biloxi, MS (#25060) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $800.3 mil Equity capital: $105.1 mil Deposits held in domestic offices: $468.1 mil Return on assets (ROA): 0.21% ($1.7 mil) Quarterly return on assets: -0.09% (-$0.7 mil) Return on Equity (ROE): 1.68% ($1.8 mil) Quarterly return on equity: -0.69% (-$0.7 mil) Net income: $1.7 mil Quarterly Net income: -$0.2 mil Pretax return on assets: 0.09% ($720.2 mil) Quarterly Pretax return on assets: -0.33% (-$2,640.9 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 183 |
| Total assets | $800,270 |
| Cash and due from depository institutions | $36,929 |
| Interest-bearing balances | $14,390 |
| Securities | $279,697 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $424,931 |
| Loan loss allowance | $7,476 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $28,036 |
| Other real estate owned | $6,198 |
| Goodwill and other intangibles | $0 |
| All other assets | $24,479 |
| Life insurance assets | $800,270 |
| Total liabilities and capital | $695,191 |
| Total liabilities | $468,071 |
| Total deposits | $442,986 |
| Interest-bearing deposits | $468,071 |
| Deposits held in domestic offices | $78 |
| % insured (estimated) | 157601.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $54,500 |
| Other borrowed funds | $0 |
| Subordinated debt | $15,019 |
| All other liabilities | $105,079 |
| Total equity capital | $105,079 |
| Total bank equity capital | $105,079 |
| Perpetual preferred stock | $0 |
| Common stock | $366 |
| Surplus | $74,952 |
| Undivided profits | $29,761 |
| 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 | $59,424 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $2,698 |
| Average Assets, year-to-date | $719,018 |
| Average Assets, quarterly | $205,504 |
| Volatile liabilities | $807,879 |
| Insider loans | $806,476 |
| FHLB advances | $530,873 |
| Loans and leases held for sale | $808,309 |
| Unused loan commitments | $16,196 |
| Tier 1 (core) risk-based capital | $14,679 |
| Tier 2 risk-based capital | $102,003 |
| Total risk weighted assets | $0 |
| Total unused commitments | $1,517 |
| Restructured Loans and leases | $76,421 |
| Derivatives | $4,874 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $25,020 |
| Total interest expense | $3,178 |
| Net interest income | $21,842 |
| Provision for loan and lease losses | $2,275 |
| Total noninterest income | $7,461 |
| Fiduciary activities | $1,368 |
| Service charges on deposit accounts | $2,539 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $3,554 |
| Total noninterest expense | $27,411 |
| Salaries and employee benefits | $14,076 |
| Premises and equipment expense | $4,352 |
| Additional noninterest expense | $8,983 |
| Pre-tax net operating income | -$383 |
| Securities gains (losses) | $1,126 |
| Applicable income taxes | -$940 |
| Income before extraordinary items | $1,683 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,683 |
| Net charge-offs | $0 |
| Cash dividends | $1,683 |
| Sale, conversion, retirement of capital stock, net | $1,449 |
| Net operating income | $898 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 3.48% |
| Cost of funding earning assets | 0.44% |
| Net interest margin | 3.04% |
| Noninterest income to earning assets | 1.04% |
| Noninterest expense to earning assets | 3.81% |
| Net operating income to assets | 0.07% |
| Return on assets (ROA) | 0.21% |
| Pretax return on assets | 0.09% |
| Return on equity (ROE) | 1.68% |
| Retained earnings to average equity (YTD only) | 0.78% |
| Net charge-offs to loans | 0.35% |
| Credit loss provision to net charge-offs | 157.00% |
| Efficiency ratio | 1.31% |
| Assets per employee | $93,543 |
| Cash dividends to net income (YTD only) | 4.37% |
| Condition Ratios (%) | |
| Loss allowance to loans | 53.36% |
| Loss allowance to noncurrent loans | 1.73% |
| Noncurrent assets plus other real estate owned to assets | 12.58% |
| Noncurrent loans to loans | 8.20% |
| Net loans and leases to deposits | 13.74% |
| Net loans and leases to core deposits | 90.78% |
| Equity capital to assets | 115.22% |
| Core capital (leverage) ratio | 13.13% |
| Tier 1 risk-based capital ratio | 12.62% |
| Total risk-based capital ratio | 19.21% |
| Memoranda | |
| Average assets | $20 |
| Average earning assets | $807,879 |
| Average equity | $100,430 |
| Average loans | $719,314 |
| Total Fiduciary and Related Assets (December 31, 2011) (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 | $149,234 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $107,610 |
| Employee benefit-defined contribution accounts | $32,910 |
| Employee benefit-defined benefit accounts | $9,333 |
| Other retirement accounts | $0 |
| Corporate trust and agency accounts | $11,453 |
| Investment management agency accounts | $2 |
| Other fiduciary accounts | $47,343 |
| Fiduciary accounts held in foreign offices | $1,065 |
| Non-managed Assets | $5,504 |
| Number of Accounts | 554 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $11,453 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $41,624 |
| Corporate trust and agency accounts | $0 |
| Other fiduciary accounts | $0 |
| Fiduciary accounts held in foreign offices | $3,780 |
| 17 Mississippi Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 270 | The Peoples Bank, Biloxi, Mississippi | Lameuse And Howard Avenues, Biloxi, MS 39533 | April 13, 1896 | Full Service Brick and Mortar |  |
| 1 | 181556 | D'ibervlle-St. Martin Branch | Lemoyne Boulevard, Harrison County, MS 39532 | December 31, 1973 | Full Service Brick and Mortar |  |
| 2 | 181557 | West Biloxi Branch | 2560 Pass Road, Biloxi, MS 39531 | July 23, 1979 | Full Service Brick and Mortar | |
| 3 | 181558 | Ocean Springs Branch | U.S. Highway 90, Ocean Springs, MS 39564 | December 31, 1984 | Full Service Brick and Mortar | |
| 4 | 10374 | Money Center | 727 Howard Ave, Biloxi, MS 39530 | June 27, 1944 | Limited Service Facility | |
| 7 | 237551 | Handsboro-Mississippi City Branch | 412 Pass Road, Handsboro, MS 39531 | September 28, 1959 | Full Service Brick and Mortar | |
| 9 | 237553 | Bay St. Louis Branch | 408 U.S. Highway 90, Bay Saint Louis, MS 39520 | August 15, 1966 | Full Service Brick and Mortar | |
| 10 | 237554 | Orange Grove Branch | U.S. Highway 49 And Royal Street, Gulfport, MS 39501 | October 12, 1973 | Full Service Brick and Mortar | |
| 12 | 46320 | Downtown Gulfport Branch | 1105 30th Avenue, Gulfport, MS 39501 | June 22, 1990 | Full Service Brick and Mortar | |
| 14 | 181560 | Diamonhead Branch | 4408 West Aloha Drive, Bay St. Louis, MS 39520 | May 01, 1992 | Full Service Brick and Mortar | |
| 15 | 181561 | Saucier Branch | 17689 Second Street, Saucier, MS 39574 | June 24, 1999 | Full Service Brick and Mortar | |
| 16 | 181562 | Wiggins Branch | 1312 South Magnolia Drive, Wiggins, MS 39577 | July 27, 1999 | Full Service Brick and Mortar | |
| 19 | 423041 | Long Beach - Jeff Davis Avenue Branc | 298 Jeff Davis Avenue, Long Beach, MS 39560 | August 25, 2003 | Full Service Brick and Mortar | |
| 20 | 432402 | Waveland Branch | 470 Highway 90, Waveland, MS 39576 | October 12, 2004 | Full Service Brick and Mortar | |
| 21 | 433900 | Cedar Lake Branch | 1740 Popps Ferry Road, Biloxi, MS 39532 | January 18, 2005 | Full Service Brick and Mortar | |
| 22 | 458829 | Gautier Branch | 2609 Highway 90, Gautier, MS 39553 | Febuary 12, 2007 | Full Service Brick and Mortar | |
| 23 | 469631 | Pass Christian Branch | 301 East Second Street, Pass Christian, MS 39571 | December 10, 2007 | Full Service Brick and Mortar | |
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