United Mississippi Bank in Natchez, Mississippi (MS), LA
| United Mississippi Bank | |
|---|---|
| General | FDIC Certificate #: 21083 Status: Active Federal Reserve ID: 544335 Bank Holding Company (Regulatory Top Holder): Southwest Security, Inc. (RSSDID: 1081686, Location: Natchez, MS) Date Established: May 14, 1973 WWW: http://www.unitedmsbk.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 10 (Domestic: 10, Interstate: Yes) OTS Docket #: 12014 FDIC's unique #: 14570 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: Commercial Lending Specialization Date of Deposit Insurance: May 14, 1973 Last Structure Change Effective Date: August 29, 2011 Last Structure Change Process Date: September 16, 2011 Last Data Update: September 16, 2011 Data Source Date: April 05, 2012 |
| Location | Address: 203 South Commerce Street, Natchez, MS 39120 County: Adams 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): Natchez, MS-LA (#35020) CBSA Micro Statistical Area: Yes |
| History of Changes | Participated in Absorption/Consolidation/Merger |
| Financial Summary | Total assets: $269.4 mil Equity capital: $28.1 mil Deposits held in domestic offices: $238.9 mil Return on assets (ROA): 1.18% ($3.2 mil) Quarterly return on assets: 0.18% ($0.5 mil) Return on Equity (ROE): 11.10% ($3.1 mil) Quarterly return on equity: 1.71% ($0.5 mil) Net income: $3.1 mil Quarterly Net income: $0.1 mil Pretax return on assets: 1.18% ($3,178.5 mil) Quarterly Pretax return on assets: 0.18% ($484.9 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 114 |
| Total assets | $269,362 |
| Cash and due from depository institutions | $31,140 |
| Interest-bearing balances | $24,552 |
| Securities | $47,104 |
| Federal funds sold & reverse repurchase agreements | $5,175 |
| Net loans & leases | $175,550 |
| Loan loss allowance | $1,732 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $5,053 |
| Other real estate owned | $1,404 |
| Goodwill and other intangibles | $908 |
| All other assets | $3,028 |
| Life insurance assets | $269,362 |
| Total liabilities and capital | $241,235 |
| Total liabilities | $238,945 |
| Total deposits | $190,079 |
| Interest-bearing deposits | $238,945 |
| Deposits held in domestic offices | $92 |
| % insured (estimated) | 1889.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $401 |
| All other liabilities | $28,127 |
| Total equity capital | $28,127 |
| Total bank equity capital | $28,127 |
| Perpetual preferred stock | $0 |
| Common stock | $835 |
| Surplus | $20,366 |
| Undivided profits | $6,926 |
| 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 | $4,170 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $1,147 |
| Average Assets, year-to-date | $252,381 |
| Average Assets, quarterly | $66,713 |
| Volatile liabilities | $258,695 |
| Insider loans | $265,795 |
| FHLB advances | $184,991 |
| Loans and leases held for sale | $266,130 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $26,386 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $29,033 |
| Derivatives | $1,338 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $12,538 |
| Total interest expense | $2,650 |
| Net interest income | $9,888 |
| Provision for loan and lease losses | $725 |
| Total noninterest income | $4,630 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $1,603 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $3,027 |
| Total noninterest expense | $10,838 |
| Salaries and employee benefits | $5,748 |
| Premises and equipment expense | $1,989 |
| Additional noninterest expense | $3,101 |
| Pre-tax net operating income | $2,955 |
| Securities gains (losses) | $102 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $3,057 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $3,057 |
| Net charge-offs | $0 |
| Cash dividends | $3,057 |
| Sale, conversion, retirement of capital stock, net | $451 |
| Net operating income | $2,071 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.18% |
| Cost of funding earning assets | 1.09% |
| Net interest margin | 4.08% |
| Noninterest income to earning assets | 1.91% |
| Noninterest expense to earning assets | 4.47% |
| Net operating income to assets | 1.14% |
| Return on assets (ROA) | 1.18% |
| Pretax return on assets | 1.18% |
| Return on equity (ROE) | 11.10% |
| Retained earnings to average equity (YTD only) | 3.58% |
| Net charge-offs to loans | 0.25% |
| Credit loss provision to net charge-offs | 160.75% |
| Efficiency ratio | 8.16% |
| Assets per employee | $74,652 |
| Cash dividends to net income (YTD only) | 2.36% |
| Condition Ratios (%) | |
| Loss allowance to loans | 67.75% |
| Loss allowance to noncurrent loans | 0.98% |
| Noncurrent assets plus other real estate owned to assets | 41.53% |
| Noncurrent loans to loans | 2.07% |
| Net loans and leases to deposits | 2.35% |
| Net loans and leases to core deposits | 73.47% |
| Equity capital to assets | 79.67% |
| Core capital (leverage) ratio | 10.44% |
| Tier 1 risk-based capital ratio | 9.91% |
| Total risk-based capital ratio | 14.26% |
| Memoranda | |
| Average assets | $15 |
| Average earning assets | $258,695 |
| Average equity | $27,539 |
| Average loans | $242,259 |
| 1 Louisiana Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 12 | 8332 | The Merchants & Farmers Bank Branch | Church And Harvard Streets, Melville, LA 71353 | August 24, 1908 | Full Service Brick and Mortar |  |
| 9 Mississippi Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 14570 | United Mississippi Bank | 203 South Commerce Street, Natchez, MS 39120 | May 14, 1973 | Full Service Brick and Mortar |  |
| 1 | 252184 | Fayette Branch | 1440 Main Street, Fayette, MS 39069 | August 26, 1974 | Full Service Brick and Mortar | |
| 3 | 252186 | Morgantown Branch | 1 Morgantown Road, Adams County, MS 39120 | July 28, 1975 | Full Service Brick and Mortar | |
| 6 | 252187 | Downtown Natchez | 75 Melrose-Montebello Parkway, Natchez, MS 39120 | November 15, 1993 | Full Service Brick and Mortar | |
| 7 | 252188 | Super Money Market Center Branch | 314 Seargent Prentiss Drive, Natchez, MS 39120 | September 12, 1995 | Full Service Brick and Mortar | |
| 8 | 252189 | Southern Motor Bank | 20 Seargent S Prentiss Drive, Natchez, MS 39120 | August 26, 1996 | Full Service Brick and Mortar | |
| 9 | 5460 | Woodville Downtown Office | 142 Royal Oak Street, Woodville, MS 39669 | April 14, 1913 | Full Service Brick and Mortar | |
| 10 | 218718 | Centreville Branch | 494 Highway 24, Centreville, MS 39631 | March 30, 1995 | Full Service Brick and Mortar | |
| 11 | 218719 | Woodville Motor Branch | 187 Hwy 61 South, Woodville, MS 39669 | July 01, 1998 | Limited Service Facility | |
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