/FIRST ADD -- HSTH026 -- BancorpSouth Inc. Earnings/
PRNewswire
BancorpSouth, Inc.
Average Balances, Interest Income and Expense, and Average Yields and Rates
(dollars in thousands)
Unaudited
Year to Date
December 31, 2000
Average Yield/
(Taxable equivalent basis) Balance Interest Rate
ASSETS
Loans net of Unearned Income $5,831,030 $530,730 9.10%
Held-to-maturity securities:
Taxable 795,400 49,086 6.17%
Non Taxable 325,027 24,108 7.42%
Available-for-sale securities
Taxable 1,040,752 68,675 6.60%
Non Taxable 73,829 6,011 8.14%
Short term investments 120,601 7,505 6.22%
Total interest earning
assets and revenue 8,186,639 686,115 8.38%
Other assets 646,917
Less: allowance for credit losses (77,042)
Total $8,756,514
LIABILITIES AND
SHAREHOLDERS' EQUITY
Deposits:
Demand - interest bearing $1,672,466 $54,226 3.24%
Savings 874,707 38,947 4.45%
Time 3,758,002 217,191 5.78%
Short-term borrowings 454,089 26,742 5.89%
Long-term debt 164,681 9,776 5.94%
Total interest bearing
liabilities and expense 6,923,945 346,882 5.01%
Demand deposits -
non-interest bearing 967,823
Other liabilities 102,818
Total liabilities $7,994,586
Shareholders' equity 761,928
Total $8,756,514
Net interest revenue $339,233
Net interest margin 4.14%
Net interest rate spread 3.37%
Interest bearing liabilities to
interest earning assets 84.6%
Net interest tax equivalent adjustment $12,081
BancorpSouth, Inc.
Average Balances, Interest Income and Expense, and Average Yields and Rates
(dollars in thousands)
Unaudited
Year to Date
December 31,1999
Average Yield/
(Taxable equivalent basis) Balance Interest Rate
ASSETS
Loans net of Unearned Income $5,263,492 $463,231 8.80%
Held-to-maturity securities:
Taxable 669,971 39,007 5.82%
Non Taxable 315,197 23,072 7.32%
Available-for-sale securities
Taxable 1,108,266 67,934 6.13%
Non Taxable 88,371 7,163 8.11%
Short term investments 162,878 8,141 5.00%
Total interest earning
assets and revenue $7,608,176 $608,548 8.00%
Other assets 604,723
Less: allowance for credit losses (73,393)
Total $8,139,506
LIABILITIES AND
SHAREHOLDERS' EQUITY
Deposits:
Demand - interest bearing 1,585,596 45,380 2.86%
Savings 956,042 36,145 3.78%
Time 3,377,023 175,229 5.19%
Short-term borrowings 270,155 13,748 5.09%
Long-term debt 185,647 9,652 5.20%
Total interest bearing
liabilities and expense 6,374,463 280,154 4.39%
Demand deposits -
non-interest bearing 934,207
Other liabilities 93,295
Total liabilities $7,401,963
Shareholders' equity 737,543
Total 8,139,506
Net interest revenue $328,394
Net interest margin 4.32%
Net interest rate spread 3.60%
Interest bearing liabilities to
interest earning assets 83.8%
Net interest tax equivalent adjustment $11,874
BancorpSouth, Inc.
Average Balances, Interest Income and Expense, and Average Yields and Rates
(dollars in thousands)
Unaudited
Quarter Ended
December 31, 2000
Average Yield/
(Taxable equivalent basis) Balance Interest Rate
ASSETS
Loans net of Unearned Income $6,073,609 $141,295 9.25%
Held-to-maturity securities:
Taxable 889,349 14,114 6.38%
Non Taxable 327,673 6,195 7.56%
Available-for-sale securities
Taxable 913,866 15,268 6.72%
Non Taxable 69,280 1,398 8.07%
Short term investments 198,310 3,185 6.46%
Total interest earning
assets and revenue 8,472,087 181,455 8.61%
Other assets 670,322
Less: allowance for credit losses (79,633)
Total $9,062,776
LIABILITIES AND
SHAREHOLDERS' EQUITY
Deposits:
Demand - interest bearing $1,668,090 $13,960 3.37%
Savings 904,717 11,888 5.28%
Time 3,883,979 58,861 6.10%
Short-term borrowings 567,066 8,509 6.04%
Long-term debt 157,786 2,378 6.06%
Total interest bearing
liabilities and expense 7,181,638 95,596 5.35%
Demand deposits -
non-interest bearing 987,644
Other liabilities 119,999
Total liabilities 8,289,281
Shareholders' equity 773,495
Total $9,062,776
Net interest revenue $85,859
Net interest margin 4.03%
Net interest rate spread 3.26%
Interest bearing liabilities to
interest earning assets 84.8%
Net interest tax equivalent adjustment $3,060
BancorpSouth, Inc.
Average Balances, Interest Income and Expense, and Average Yields and Rates
(dollars in thousands)
Unaudited
Quarter Ended
September 30, 2000
Average Yield/
(Taxable equivalent basis) Balance Interest Rate
ASSETS
Loans net of Unearned Income $5,888,736 $135,311 9.14%
Held-to-maturity securities:
Taxable 759,985 11,951 6.32%
Non Taxable 325,687 6,074 7.46%
Available-for-sale securities
Taxable 1,242,467 20,542 6.65%
Non Taxable 75,530 1,556 8.24%
Short term investments 58,408 962 6.62%
Total interest earning
assets and revenue 8,350,813 176,396 8.50%
Other assets 645,252
Less: allowance for credit losses (76,879)
Total $8,919,186
LIABILITIES AND
SHAREHOLDERS' EQUITY
Deposits:
Demand - interest bearing $1,659,533 $13,842 3.35%
Savings 877,041 9,956 4.57%
Time 3,801,938 57,233 6.05%
Short-term borrowings 579,725 9,168 6.36%
Long-term debt 169,573 2,559 6.07%
Total interest bearing
liabilities and expense 7,087,810 92,758 5.26%
Demand deposits -
non-interest bearing 972,647
Other liabilities 96,615
Total liabilities 8,157,072
Shareholders' equity 762,114
Total $8,919,186
Net interest revenue $83,638
Net interest margin 3.98%
Net interest rate spread 3.23%
Interest bearing liabilities to
interest earning assets 84.9%
Net interest tax equivalent
adjustment $3,071
BancorpSouth, Inc.
Average Balances, Interest Income and Expense, and Average Yields and Rates
(dollars in thousands)
Unaudited
Quarter Ended
June 30, 2000
Average Yield/
(Taxable equivalent basis) Balance Interest Rate
ASSETS
Loans net of Unearned Income $5,750,197 $129,411 9.05%
Held-to-maturity securities:
Taxable 751,572 11,446 6.13%
Non Taxable 324,755 5,941 7.32%
Available-for-sale securities
Taxable 997,624 16,723 6.74%
Non Taxable 76,029 1,498 7.88%
Short term investments 99,355 1,553 6.29%
Total interest earning
assets and revenue 7,999,532 166,572 8.37%
Other assets 636,386
Less: allowance for credit losses (76,545)
Total $8,559,373
LIABILITIES AND
SHAREHOLDERS' EQUITY
Deposits:
Demand - interest bearing $1,707,641 $13,758 3.24%
Savings 826,070 8,206 4.00%
Time 3,708,808 52,124 5.65%
Short-term borrowings 328,870 4,598 5.62%
Long-term debt 165,584 2,442 5.93%
Total interest bearing
liabilities and expense 6,736,973 81,128 4.84%
Demand deposits -
non-interest bearing 965,742
Other liabilities 99,701
Total liabilities 7,802,416
Shareholders' equity 756,957
Total $8,559,373
Net interest revenue $85,444
Net interest margin 4.30%
Net interest rate spread 3.53%
Interest bearing liabilities to
interest earning assets 84.2%
Net interest tax equivalent
adjustment $2,986
BancorpSouth, Inc.
Average Balances, Interest Income and Expense, and Average Yields and Rates
(dollars in thousands)
Unaudited
Quarter Ended
March 31, 2000
Average Yield/
(Taxable equivalent basis) Balance Interest Rate
ASSETS
Loans net of Unearned Income $5,608,277 $124,713 8.94%
Held-to-maturity securities:
Taxable 780,049 11,575 5.97%
Non Taxable 321,956 5,898 7.33%
Available-for-sale securities
Taxable 1,008,227 16,142 6.44%
Non Taxable 74,507 1,559 8.37%
Short term investments 126,159 1,805 5.75%
Total interest earning
assets and revenue 7,919,175 161,692 8.21%
Other assets 635,476
Less: allowance for credit losses (75,085)
Total $8,479,566
LIABILITIES AND
SHAREHOLDERS' EQUITY
Deposits:
Demand - interest bearing $1,654,789 $12,666 3.08%
Savings 890,646 8,897 4.02%
Time 3,635,417 48,973 5.42%
Short-term borrowings 338,072 4,467 5.31%
Long-term debt 165,802 2,397 5.81%
Total interest bearing
liabilities and expense 6,684,726 77,400 4.66%
Demand deposits -
non-interest bearing 944,990
Other liabilities 94,835
Total liabilities 7,724,551
Shareholders' equity 755,016
Total $8,479,567
Net interest revenue $84,292
Net interest margin 4.28%
Net interest rate spread 3.56%
Interest bearing liabilities to
interest earning assets 84.4%
Net interest tax equivalent
adjustment $2,964
BancorpSouth, Inc.
Average Balances, Interest Income and Expense, and Average Yields and Rates
(dollars in thousands)
Unaudited
Quarter Ended
December 31, 1999
Average Yield/
(Taxable equivalent basis) Balance Interest Rate
ASSETS
Loans net of Unearned Income $5,506,297 $123,807 8.92%
Held-to-maturity securities:
Taxable 703,117 10,225 5.85%
Non Taxable 319,592 6,079 7.61%
Available-for-sale securities
Taxable 1,080,385 17,055 6.35%
Non Taxable 81,157 1,660 8.18%
Short term investments 146,393 2,210 6.07%
Total interest earning
assets and revenue 7,836,941 161,036 8.26%
Other assets 639,520
Less: allowance for credit losses (73,844)
Total $8,402,617
LIABILITIES AND
SHAREHOLDERS' EQUITY
Deposits:
Demand - interest bearing $1,596,947 $11,903 3.00%
Savings 956,683 9,265 3.90%
Time 3,510,110 46,868 5.37%
Short-term borrowings 350,980 4,370 5.01%
Long-term debt 176,937 2,498 5.68%
Total interest bearing
liabilities and expense 6,591,657 74,904 4.57%
Demand deposits -
non-interest bearing 951,669
Other liabilities 106,275
Total liabilities 7,649,601
Shareholders' equity 753,017
Total $8,402,618
Net interest revenue $86,132
Net interest margin 4.36%
Net interest rate spread 3.69%
Interest bearing liabilities to
interest earning assets 84.1%
Net interest tax equivalent adjustment $3,045
PRNewswire -- Jan. 18
END FIRST AND FINAL ADD
SOURCE: BancorpSouth, Inc.