Petit Jean State Bank

Report generated from DepositInsuredBanks.com
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Overview

FDIC Cert 35084
Address
707 North St. Joseph Street, Morrilton, AR 72110
FDIC Unique Number 74661
Federal Reserve ID 2769570
Federal Reserve ID for Bank Holding Company 2877402
OCC Charter Number 0
OTS Docket Number Not available or not applicable
MSA
County Conway
Website http://www.pjsb.com
Established On 02/16/1999
Insured On 02/16/1999
Holding Company Petit Jean Bancshares, Inc.
Regulator Federal Reserve Board
Asset Concentration All Other < $1 Billion
Ownership Type
Domestic Offices 2
Foreign Offices
Bank Charter Class SM - Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)

Recent Changes

Change in Primary Regulatory Agency
Change in Supervisory Agency
Institution Becomes a Member of FRS (Federal Reserve System)

Financial Snapshot

USD, Thousands
Total Assets 185,888
Total Deposits 159,038
Domestic Deposits 159,038
Bank Equity Capital 21,230
Year to Date Quarterly
Net Income USD, 000 1,646 552
Return on Assets 1.19% 1.18%
Return on Equity 10.68% 10.54%
Pre-Tax Return on Assets 1.74% 1.71%
as of 09/30/2015

Financial Health

As of 09/30/2015
Low Risk

The Texas ratio is a measure of a bank's credit troubles. It is a way to measure how risky a bank is. The higher the Texas ratio, the more severe the credit troubles. Any bank with a TX Ratio near or greater than 100% is considered at risk. Developed by Gerard Cassidy and others at RBC Capital Markets, it is calculated by dividing the value of the lender's non-performing assets (Non performing loans + Real Estate Owned) by the sum of its tangible common equity capital and loan loss reserves.

Petit Jean State Bank has a texas ratio of 4.05 which puts it at low risk. As of 09/30/2015 the bank had $778 Non Current Loans and Leases, $189 Other Real Estate Owned, $21,230 Total Equity Capital and $2,625 Loan Loss Allowance.

Historical Texas Ratios

Date Non Current Loans and Leases Other Real Estate Owned Total Equity Capital Loan Loss Allowance TX Ratio
09/30/2015 $778 $189 $21,230 $2,625 4.05
06/30/2015 $730 $197 $20,678 $2,609 3.98
03/31/2015 $615 $277 $20,110 $2,615 3.93
12/31/2014 $1,012 $356 $20,209 $2,702 5.97
09/30/2014 $922 $356 $19,741 $2,683 5.7
06/30/2014 $988 $340 $19,195 $2,738 6.05
03/31/2014 $684 $340 $18,676 $2,705 4.79
12/31/2013 $910 $241 $18,711 $2,794 5.35
09/30/2013 $1,790 $0 $18,210 $3,336 8.31
06/30/2013 $1,693 $64 $17,606 $3,306 8.4
03/31/2013 $1,398 $38 $17,093 $3,246 7.06
12/31/2012 $1,200 $123 $16,986 $3,127 6.58
09/30/2012 $1,714 $68 $16,581 $3,154 9.03
06/30/2012 $1,692 $87 $16,133 $3,078 9.26
03/31/2012 $1,781 $294 $15,599 $3,703 10.75
12/31/2011 $1,836 $621 $15,457 $3,566 12.92
09/30/2011 $2,215 $487 $15,042 $3,537 14.54
06/30/2011 $2,597 $409 $14,655 $3,329 16.71
03/31/2011 $2,053 $453 $14,429 $3,313 14.12
12/31/2010 $2,426 $581 $14,181 $2,874 17.63
09/30/2010 $2,471 $622 $13,914 $2,652 18.67
06/30/2010 $2,662 $721 $13,809 $2,219 21.11
03/31/2010 $2,424 $517 $13,619 $2,177 18.62
12/31/2009 $3,625 $473 $13,603 $2,805 24.98
09/30/2009 $3,559 $372 $13,869 $2,072 24.66
06/30/2009 $3,116 $602 $13,605 $2,147 23.6
03/31/2009 $3,506 $569 $13,344 $2,238 26.15

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Assets and Liabilities

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total employees (full-time equivalent) 31 30 30 30 30 Chart
Total Assets 185,888 187,908 181,663 179,501 172,100 Chart
Cash & Balances due from depository institutions 39,517 37,678 32,381 32,218 23,745 Chart
Interest-bearing balances 32,242 31,592 27,359 24,759 17,545 Chart
Securities 61,579 63,971 63,743 64,817 64,567 Chart
Federal funds sold and reverse repurchase 1,000 1,000 0 0 775 Chart
Net loans and leases 75,957 77,429 77,775 74,635 74,839 Chart
Loan loss allowance 2,625 2,609 2,615 2,702 2,683 Chart
Trading account assets 0 0 0 0 0 Chart
Bank premises and fixed assets 2,616 2,653 2,671 2,646 2,682 Chart
Other real estate owned 189 197 277 356 356 Chart
Goodwill and other intangibles 0 0 0 0 0 Chart
All other assets 5,030 4,980 4,816 4,829 5,136 Chart
Total Liabilities and Capital 185,888 187,908 181,663 179,501 172,100 Chart
Total Liabilities 164,658 167,230 161,553 159,292 152,359 Chart
Total deposits 159,038 162,065 152,168 150,826 146,341 Chart
Interest-bearing deposits 133,012 133,494 124,904 124,683 121,283 Chart
Deposits held in domestic offices 159,038 162,065 152,168 150,826 146,341 Chart
% insured (estimated) 79% 78% 84% 83% 85% Chart
Federal funds purchased and repurchase agreements 4,510 4,109 7,546 7,430 5,013 Chart
Trading liabilities 0 0 0 0 0 Chart
Other borrowed funds 0 0 17 42 66 Chart
Subordinated debt 0 0 0 0 0 Chart
All other liabilities 1,110 1,056 1,822 994 939 Chart
Total equity capital 21,230 20,678 20,110 20,209 19,741 Chart
Bank equity capital 21,230 20,678 20,110 20,209 19,741 Chart
Perpetual preferred stock 0 0 0 0 0 Chart
Common stock 50 50 50 50 50 Chart
Surplus 6,625 6,625 6,625 6,625 6,625 Chart
Undivided profits 14,555 14,003 13,435 13,534 13,066 Chart
Equity, minor interest in consolidated subs 0 0 0 0 0 Chart
Memoranda
Noncurrent loans and leases 778 730 615 1,012 922 Chart
Noncurrent loans which are wholly or partially guaranteed by the U.S. 0 0 0 0 0 Chart
Income earned, not collected on loans 778 778 800 839 860 Chart
Earning assets 170,778 173,992 168,877 164,211 157,726 Chart
Long-term assets (5+ years) 37,934 40,118 45,145 48,347 53,157 Chart
Average total assets 183,740 183,024 180,582 170,044 167,680 Chart
Average assets, quarterly 186,898 184,786 180,582 175,801 170,252 Chart
Total risk weighted assets adjusted 87,896 88,898 88,547 86,830 87,883 Chart
Adjusted average assets for leverage capital purposes 185,311 178,908 180,451 181,000 169,257 Chart
Life insurance assets 2,908 2,886 2,865 2,844 2,822 Chart
General account life insurance assets 2,908 2,886 2,865 2,844 2,822 Chart
Separate account life insurance assets 0 0 0 0 0 Chart
Hybrid life insurance assets 0 0 0 0 0 Chart
Volatile liabilities 9,040 8,637 12,372 12,257 10,351 Chart
Insider loans 5,566 5,729 6,412 6,366 7,034 Chart
FHLB advances 0 0 17 42 66 Chart
Loans and leases held for sale 0 0 0 0 0 Chart
Unused loan commitments 10,297 8,852 7,452 8,257 8,639 Chart
Tier one (core) capital 21,230 20,678 20,110 20,209 19,741 Chart
Tier 2 Risk-based capital 1,118 1,124 1,125 1,105 1,118 Chart
Total unused commitments 10,297 8,852 7,452 8,257 8,639 Chart
Derivatives 0 0 0 0 0 Chart

Income and Expenses

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total interest income 4,731 3,150 1,551 6,148 4,569 Chart
Total interest expense 364 243 123 523 396 Chart
Net interest income 4,367 2,907 1,428 5,625 4,173 Chart
Provision for loan and lease losses 0 0 0 0 0 Chart
Total noninterest income 435 292 151 599 452 Chart
Gross Fiduciary activities income 0 0 0 0 0 Chart
Service charges on deposit accounts 147 96 42 223 170 Chart
Trading account gains and fees 0 0 0 0 0 Chart
Additional Noninterest Income 288 196 109 376 282 Chart
Total noninterest expense 2,411 1,607 813 3,160 2,343 Chart
Salaries and employee benefits 1,245 831 411 1,644 1,233 Chart
Premises and equipment expense 261 172 85 322 240 Chart
Additional noninterest expense 905 604 317 1,194 870 Chart
Pre-tax net operating income 2,391 1,592 766 3,064 2,282 Chart
Securities gains (losses) 0 0 0 0 0 Chart
Applicable income taxes 745 498 240 1,021 707 Chart
Income before extraordinary items 1,646 1,094 526 2,043 1,575 Chart
Extraordinary gains, net 0 0 0 0 0 Chart
Net income 1,646 1,094 526 2,043 1,575 Chart
Minority interest net income 0 0 0 0 0 Chart
Net income of bank and minority interests 1,646 1,094 526 2,043 1,575 Chart
Net charge-offs 78 94 88 92 111 Chart
Cash dividends 625 625 625 545 545 Chart
Sale, conversion, retirement of capital stock, net 0 0 0 0 0 Chart
Net operating income 1,646 1,094 526 2,043 1,575 Chart

Securities

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
Total securities 61,579 63,971 63,743 64,817 64,567 Chart
U.S. Government securities 48,525 50,025 51,024 52,026 52,026 Chart
U.S. Treasury securities 0 0 0 0 0 Chart
U.S. Government agency obligations 48,525 50,025 51,024 52,026 52,026 Chart
Securities issued by states & political subdivisions 12,554 13,446 12,219 12,291 12,041 Chart
Other domestic debt securities 500 500 500 500 500 Chart
Privately issued residential mortgage-backed securities 0 0 0 0 0 Chart
Commercial mortgage-backed securities - Total 0 0 0 0 0 Chart
Asset backed securities 0 0 0 0 0 Chart
Structured financial products - Total 0 0 0 0 0 Chart
Other domestic debt securities - All other 500 500 500 500 500 Chart
Foreign debt securities 0 0 0 0 0 Chart
Equity securities 0 0 0 0 0 Chart
Assets held in trading accounts for TFR Reporters 0 0 0 0 0 Chart
General valuation allowances for securities for TFR Reporters 0 0 0 0 0 Chart
Memoranda
Pledged securities 32,287 32,285 31,988 31,788 30,088 Chart
Mortgage-backed securities 0 0 0 0 0 Chart
Certificates of participation in pools of residential mortgages 0 0 0 0 0 Chart
Issued or guaranteed by U.S. 0 0 0 0 0 Chart
Privately issued 0 0 0 0 0 Chart
Collaterized mortgage obligations 0 0 0 0 0 Chart
CMOs issued by government agencies or sponsored agencies 0 0 0 0 0 Chart
Privately issued 0 0 0 0 0 Chart
Commercial mortgage-backed securities 0 0 0 0 0 Chart
Commercial mortgage pass-through securities 0 0 0 0 0 Chart
Other commercial mortgage-backed securities 0 0 0 0 0 Chart
Held to maturity securities (book value) 61,579 63,971 63,743 64,817 64,567 Chart
Available-for-sale securities (fair market value) 0 0 0 0 0 Chart
Total debt securities 61,580 63,971 63,743 64,817 64,568 Chart
Structured Notes
Amortized cost 11,995 12,995 13,995 14,997 16,997 Chart
Fair value 11,920 12,726 13,896 14,564 16,326 Chart
Trading account assets 0 0 0 0 0 Chart
Revaluation gains on off-balance sheet contracts 0 0 0 0 0 Chart
Revaluation losses on off-balance sheet contracts 0 0 0 0 0 Chart

Performance and Condition Ratios

Figures in USD, Thousands 09/30/2015 06/30/2015 03/31/2015 12/31/2014 09/30/2014 Charts
% of unprofitable institutions N/A N/A N/A N/A N/A Chart
% of insitutions with earnings gains N/A N/A N/A N/A N/A Chart
Performance Ratios (%, annualized)
Yield on earning assets 3.72% 3.73% 3.73% 3.94% 3.96% Chart
Cost of funding earning assets 0.29% 0.29% 0.30% 0.34% 0.34% Chart
Net interest margin 3.44% 3.44% 3.43% 3.61% 3.62% Chart
Noninterest income to average assets 0.32% 0.32% 0.33% 0.35% 0.36% Chart
Noninterest expense to average assets 1.75% 1.76% 1.80% 1.86% 1.86% Chart
Loan and lease loss provision to assets 0.00% 0.00% 0.00% 0.00% 0.00% Chart
Net operating income to assets 1.19% 1.20% 1.17% 1.20% 1.25% Chart
Return on assets (ROA) 1.19% 1.20% 1.17% 1.20% 1.25% Chart
Pretax return on assets 1.74% 1.74% 1.70% 1.80% 1.81% Chart
Return on Equity (ROE) 10.68% 10.76% 10.44% 10.58% 11.01% Chart
Retained earnings to average equity (YTD only) 6.62% 4.61% -1.96% 7.76% 7.20% Chart
Net charge-offs to loans 0.13% 0.24% 0.45% 0.12% 0.20% Chart
Credit loss provision to net charge-offs 0.00% 0.00% 0.00% 0.00% 0.00% Chart
Earnings coverage of net charge-offs (x) 30.65% 16.94% 8.70% 33.30% 20.56% Chart
Efficiency ratio 50.21% 50.23% 51.49% 50.77% 50.66% Chart
Assets per employee ($millions) 6.00% 6.26% 6.06% 5.98% 5.74% Chart
Cash dividends to net income (YTD only) 37.97% 57.13% 118.82% 26.68% 34.60% Chart
Condition Ratios (%)
Loss allowance to loans 3.34% 3.26% 3.25% 3.49% 3.46% Chart
Loan loss allowance to noncurrent loans 337.40% 357.40% 425.20% 267.00% 291.00% Chart
Noncurrent assets plus other real estate owned to assets 0.52% 0.49% 0.49% 0.76% 0.74% Chart
Noncurrent loans to loans 0.99% 0.91% 0.77% 1.31% 1.19% Chart
Net loans and leases to total assets 40.86% 41.21% 42.81% 41.58% 43.49% Chart
Net loans and leases to deposits 47.76% 47.78% 51.11% 49.48% 51.14% Chart
Net loans and leases to core deposits 49.16% 49.15% 52.79% 51.12% 53.08% Chart
Total domestic deposits to total assets 85.56% 86.25% 83.76% 84.03% 85.03% Chart
Equity capital to assets 11.42% 11.00% 11.07% 11.26% 11.47% Chart
Core capital (leverage) ratio 11.46% 11.56% 11.14% 11.17% 11.66% Chart
Tier 1 risk-based capital ratio 24.15% 23.26% 22.71% 23.27% 22.46% Chart
Total risk-based capital ratio 25.43% 24.52% 23.98% 24.55% 23.73% Chart
Memoranda
Average total assets 183,740 183,024 180,582 170,044 167,680 Chart
Average earning assets 169,465 169,027 166,544 155,857 153,769 Chart
Average equity 20,557 20,332 20,160 19,306 19,081 Chart
Average loans 79,087 79,255 78,864 74,375 73,634 Chart