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REPORT OF
THE

BANK COMMISSIONER
OF ARKANSAS
1986

BILL CLINTON
Governor
MARLIN D. JACKSON
Bank Commissioner
SEVENTY-SECOND ANNUAL REPORT
OF THE

BANK COMMISSIONER
OF THE
STATE OF ARKANSAS
FOR THE YEAR ENDED JUNE 30, 1986
MARLIN D. JACKSON
Bank Commissioner

STATE OF ARKANSAS
OFFICE OF STATE BANK DEPARTMENT

August 29, 1986
Honorable Bill Clinton
Governor of Arkansas
Little Rock, Arkansas 72201
Dear Sir:
In compliance with the provisions of Act 113 of 1913 (now found in section
67-111, Arkansas Statutes of 1947), I submit for your consideration and
information the Seventy-second Annual Report of the State Department for
the fiscal year ended June 30, 1986. The financial and statistical information
contained in this report has been compiled from the Reports of Condition
submitted by the state-chartered banks to this office.
At June 30, 1986, there were 176 state-chartered commercial banks, 2 Trust
companies and 3 Industrial Loan Institutions for a total of 181 financial
institutions.
The assets of the state banks totaled $7,888,280,000 at June 30, 1986. Total
assets this time last year were $7,614,219,000-a dollar increase of
$274,061,000 or 3.60%.
During the past fiscal year four state-chartered banks converted to a
national charter. They were: Citizens Bank & Trust Company, Flippin; The
First State Bank, Morrilton; Bank of Sidney, Sidney and Peoples Bank and
Trust Company, Van Buren. One merger occured during the fiscal year
between Leslie State Bank, Leslie and The Citizens Bank, Marshall; it is now
known as Searcy County Bank, Marshall.
The State Bank Department performed 96 commercial bank examinations,
10 bank visitations, 12 trust department examinations and 15 bank holding
company examinations during the 85-86 fiscal year. Numerous investigations
were initiated as a result of citizens' complaints or inquiries.
Respectfully,

MARLIN D. JACKSON
Bank Commissioner

IN MEMORY OF
LEWIS W. ELKINS, SR.
1917 TO 1986
From 1967 to 1982, Lewis "Lou" Elkins, Sr., displayed the highest attributes
of professional integrity and service to his constituents and his fellow
employees of the State Bank Department. He consistently displayed a
tenacious perseverance of high ethics, honesty of character, and the
rendering of service to the banks of which he supervised by the diligent
discharge of his duties.
The State Bank Department, the state-chartered banks of Arkansas, and
those members of the Bank Department fortunate enough to have known and
worked with Lou Elkins were richly blessed in having the opportunity to be
associated with a truly dedicated public servant. Lou always exemplified the
highest ideals of professional job performance and a genuine concern for the
institutions for which he was charged with assuring safety and soundness.

THE STATE BANK DEPARTMENT DEDICATES THIS BOOK TO LEWIS W.
ELKINS, SR., FOR HIS LOYAL AND DEDICATED SERVICE.

4

State of Arkansas:

Bank Department

LEGAL HOLIDAYS
New Year's .................................................... January 1
Robert E. Lee's Birthday ......................... Third Monday in January
Martin Luther King's Birthday .................... Third Monday in January
George Washington's Birthday .................. Third Monday in February
Memorial Day ....................................... Last Monday in May
Independence Day ................................................ July 4
Labor Day ............................................... First Monday in
September
Veteran's Day .............................................. November 11
Thanksgiving Day .................................... Fourth Thursday in
November
Christmas Eve ............................................. December 24
Christmas Day ............................................. December 25
All Bills of Exchange, Drafts, or Promissory Notes, which shall become
payable on a legal holiday shall be payable on the day next succeeding such
holiday. In case any legal holiday falls on Sunday, the next succeeding
Monday shall be a holiday in its stead.

Seventy-Second Report

5

COMMISSIONERS OF THE
STATE BANK DEPARTMENT
STATE OF ARKANSAS
No. Name
Date of Appointment
1. John M. Davis ......... October6, 1913
2. A. J. Reap ............. October 3, 1918
3. W. T. Maxwell ......... March 22, 1919
4. Charles McKee ........ September 1, 1921
5. Loid Rainwater ........ July 28, 1925
6. Walter E. Taylor ....... February 8, 1927
7. Marion Wasson ........ January 10, 1933
8. Grover S. Jernigan .... January 12, 1937
9. Thomas W. Leggett .... January 14, 1941
10. S. J. Dean ............ February 1, 1949
11. Ed. I. McKinley, Jr..... December 1, 1949
12. A. R. Merritt. .......... March 14, 1953
13. Dick Simpson ......... February 8, 1955
14. H. C. Adams .......... March 3, 1967
15. Don R. Clark (Acting) .. March, 16, 1979
16. B. J. Lambert, Jr. ...... April 19, 1979
17. Marlin D. Jackson ..... April 15, 1983

Date Service Ended
October 3, 1918
March 22, 1919
September 1, 1921
July 28, 1925
February 8, 1927
January 10, 1933
January 12, 1937
January 14, 1941
February 1, 1949
December 31 , 1949
March 14, 1953
February 8, 1955
March 2, 1967
March 16, 1979
April 19, 1979
April 15, 1983

6

State of Arkansas:

Bank Department

DEPARTMEN TAL ROSTER
Marlin D. Jackson .................. ................. Bank Commissioner
Don R. Clark .................. ............. Assistant Bank Commissioner
Ronny A. Clay .................. ........... Assistant Bank Commissioner
Candace A. Franks .................. ................ Department Attorney
Larry D. Teeter .................. .............. Data Center Administrator
Gregory M. Stewart .................. ............... Bank Chief Examiner
Jacqulin J. Dicus .................. .... Director of Administrative Services
Patricia L. Wallis .................. .................. ....... Accountant II
Bettye Wooley .................. .................. ... Executive Assistant
Jimmy E. Hornibrook, II .................. ................. Staff Assistant
Lisa K. Phillips .................. ........ Management Support Technician
Eloise Williams .................. .................. ...... Legal Secretary
Cynthia L. Nixon .................. .................. .......... Secretary
Joyce L. Thompson .................. .................. ........ Secretary
E. Arminda Beaver .................. .................. ......... Secretary
Kerrie 0. Jones .................. .................. ............ Secretary

AREA SUPERVISOR S
Larry M. Hillyard
Stephen L. Bryan

W. Keith Melson
H. Wilks Marshall, Jr.

Luther Guinn

TRUST EXAMINER
Cynthia A. White

FINANCIAL EXAMINER SUPERVISOR
William A. Whitmore
William R. Milum
Mark R. Ryan

Dianne Lefear
Carolyn J. Paschal
Peter G. Fotioo

FINANCIAL EXAMINER 11
Kirk L. Lee
Jay S. Smith
Neal T. Ainley
David W. Dudley

William 0. Hall
Julian E. Rainey
M. Diane Wright
Richard D. Buzbee

Seventy-Second Report

7

FINANCIAL EXAMINER I
R. Brannon Sloan, Jr.
John B. Frazer
R. Bruce Branch, Jr.

Michael L. Neal
D. Clay Sloan
Shirley L. Taylor
W. Gene Miller

FINANCIAL EXAMINER TRAINEE
H. R. "Chip" Dortch, Jr.
Ernst Bauer
Nathan E. Gairhan, Jr.

Troy D. Duke
Gary G. Kleck

STATE BANKING BOARD
T.E. Patterson, Chairman ..................................... Little Rock
Dr. Ralph Rattan .............................................. Paragould
Mrs. Betty Wilkinson ......................................... Greenwood
Franklin Collier ................................................. Augusta
Elmer A. Ferguson ............................................... DeWitt
Bill J. Ford .................................................... . Camden
Don R. Clark, Secretary ....................................... Little Rock

OFFICE
STATE BANK DEPARTMENT
Tower Building, Suite 500
323 Center Street
Little Rock, Arkansas 72201 ·2613
Telephone: (501) 371-1117

8

State of Arkansas:

Bank Department

The following is a statement showing the receipts and disbursements of the
State Bank Department from July 1, 1985 through June 30, 1986.

RECEIPTS
Cash Balance June 30, 1985 ............. .
Examination and Assessment Fees ...... .
Charter and Amendment Fees ........... .
Teller's Facility Application
and all Protest Fees ................... .
Miscellaneous Fees ..................... .
Reimbursement for M&R Sales .......... .
Warrant Cancellations .................. .
Refund to Expenditure (Old Year) ....... .
Refund to Expenditure .................. .

$1,251,785.05
2,295,107.90
8,927.00
16,125.00
1,834.01
279.04
430.10
2,227.96
3,852.70
2,328,783.71
$3,580,568.76

DISBURSEMENTS
Salaries... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1,003,080.64
Maintenance and General Operations... . .
484,040.59
S.S., Retirement and Insurance Matching
200,124.79
Professional Services and Fees . . . . . . . . . . .
34,882.16
Conference Fees and Travel..............
59,475.95
Capital Outlay................... ........
222,167.34
Appropriation Adjustment............... .
3,867.84
Service Charge by State Treasurer. . . . . . . .
34,802.40
Cash Balance June 30, 1986 .......................... .. .

2,042,441.71
1,538,127.05
$3,580,568.76

Seventy-Second Report

9

STATE BANK DEPARTMENTS
HIGHLIGHTS '85-'86
The fiscal year ending June 30, 1986, was marked with several innovative
changes within the Bank Department. As a result of Legislative action
supported by the State's bankers, a Bill was passed in the 1985 Legislative
Session which designated the Department to have two Assistant Commissioners. Don Clark is responsible for monitoring the progress of those banks with
special opportunity for improvement. Ronny Clay is responsible for the
examining staff, examinations, and the administration of the Department
through the supervision of the Bank Chief Examiner, Greg Stewart; Director of
Administrative Services, Jackie Dicus; and the Data Center Administrator,
Larry Teeter. While the Department is comprised of the Examination,
Administrative, and Data Processing divisions which function separately,
each works together to make the Department operate efficiently.
The year saw the implementation of the "Self-Examination" Program which
resulted in approximately 80% voluntary participation. Examiner Larry
Hillyard was assigned to lead a special team of examiners to perform frequent
visits to those banks in need of improvement, and Larry Teeter was employed
to head the newly formed Data Processing Division. A complete inhouse and
portable computer system was acquired and, when fully implemented, it will
enable the Department to operate more efficiently and better analyze the
overall condition of the State's banks.

EXAMINATION DIVISION
The State Bank Department is responsible for the examination, regulation,
and supervision of state chartered financial institutions. More specifically, its
mission is to insure that these institutions are financially sound by promoting
management practices that minimize the risk of insolvency and to ensure that
the general public is receiving adquate financial services at reasonable costs.
The Examination Division accomplishes its responsibility through several
methods; however, the principal method is through the periodic examination
of state chartered banks, industrial loan institutions, and trust companies, in
addition to related bank holding companies, by field examiners. The result of
an examination is a detailed analysis of the institution's condition. The
examiner analyzes the capabilities of officers and directors, the adequacy of
the bank's policies, earnings, capital and liquidity, as well as the quality of the
bank's assets, the asset/liability mix, the structure of the bank's liabilities and
compliance with applicable laws and regulations. The final analysis may
indicate bank conditions ranging from no problems to potential problems to
severe existing problems.
While the vast majority of banks in Arkansas are financially sound
institutions, some do develop problems. Some of the most common problems

10

State of Arkansas:

Bank Department

encountered are excessive poor quality assets, poor earnings, and inadequate
capital, liquidity, or internal controls. While some problems are the result of
circumstances beyond the bank's control, the normal cause is poor
management, and the banks with unusual opportunities for improvement
exhibit an array of problems rather than one isolated problem area.
The early detection of banks with problems or emerging problems is an
important aspect of the Division's activities. Banks are monitored on an
ongoing basis with the use of Uniform Bank Performance Reports and the
Self-Examination Report. The early detection of problems or potential
problems allows the Division to concentrate its resources in the most efficient
manner in order to control and eliminate these problems. Useful tools
employed by the Bank Department in these situations to provide safe and
sound operation of the institution are Board Resolutions, Memorandums of
Understanding, and Cease and Desist Orders. Periodic visitations are utilized
to determine if the expected results are occurring.

ADMINISTRATIVE DIVISION
The Administrative Division is the backbone of the State Bank Department,
assisting the Department in accomplishing its duties as prescribed by law. The
Division provides assistance to all personnel in the Department and enables
the Department to operate smoothly and effectively.
One of the primary functions of the Administrative Division is the processing
of the Report of Examination once the field examination team has completed
the examination of the bank. It is vitally important that the reports reach the
banks in a timely manner after the completion of an examination to enable
management and the Board of Directors to evaluate recommendations and
request and implement corrective procedures. If the processing of the Report
of Examination is not accomplished in a timely manner, then the examination
has less impact and its usefulness is diminished.
The Administrative Division is assisted by the Department Accountant and
the Management Support Technician who perform tasks related to budgetary
requirements, purchasing, and personnel related matters.
The Administrative Division calculates the semi-annual assessments of
each state financial insitution. The calculation is based upon the assets of the
institution at June 30 and December 31 each year. The assessment fee is the
principal source of revenue for the Bank Department. Other fee income is
attributed to charter amendment fees, branch application fees, etc., which
provides a small amount of revenue for the Department. The State Bank
Department operates solely from these funds. The Department receives no
state or federal money for funding. The annual and biennial budgets for the
Department are then prepared based on these revenues. Budget items include
anticipated revenue needs, appropriation needs, and staffing requirements.

Seventy-Second Report

11

The purchasing and accounting functions for the Department are provided
by the Administrative Division. Purchases range from pencils, a contract item,
to calculators, which must be quote bid, to automobiles, which must be
submitted to the Department of Finance and Administration for a formal bid
process. All Departmental expenses, including payroll, and withholdings are
the responsibility of the Administrative Division.
All personnel related matters are a function of the Administrative Division.
Personnel matters include performance evaluations, employee policy and
procedures handbook, grievance procedure, and leave records. An in-service
is provided all new employees on insurance, credit union, and completion of
travel expense forms, etc.

DATA PROCESSING DIVISION
The Data Processing Division works with the different divisions to provide
assistance in meeting the goals of the State Bank Department.
The Data Processing Division is responsible for assessing current and
future data processing needs of the State Bank Department. Once needs are
determined, computer hardware and software are procured to implement the
desired results. Word processing, spreadsheet, and database software will be
utilized to automate correspondence, mailing lists, Reports of Examination,
etc. Training and support will be provided to personnel as needed to
accomplish automation of the State Bank Department.
Current areas of development include automation of the central office,
automation of examination groups and management reports. On June 16,
1986, computer equipment was installed within the State Bank Department.
Currently the office staff is utilizing a word processor for correspondence,
mailing lists, and, to a limited extent, the Reports of Examination. Examiners
will have portable microcomputers to aid in collecting data and producing the
Report of Examination.
A short range goal of the State Bank Department is to completely automate
the Report of Examination. Programs such as the Self-Examination Report will
provide information to banks that could not be provided without
computerization. Computerization of the State Bank Department will provide
many opportunities in the future to improve the examination of the State's
banks and information provided to the banks. Office personnel will be able to
perform many of the secretarial functions currently performed by the
examiners, freeing them to conduct a more in-depth examination. The
computerization of the Department and the field examination process will
enable information to be shared with the banks on a more timely basis.

12

State of Arkansas:

Bank Department

ARKANSAS BANKERS ASSOCIATION
221 W. Second Street
Suite 1027
Little Rock, Arkansas 72201
Phone: (501) 376-3741

President ••.••••••.•••••• William H. Handy, President
First United Bancshares, El Dorado
First Vice President ••.•••••• Wayne Hartsfield, President
First National Bank, Searcy
Second Vice President •••••• Sloan Rainwater, Chairman & President
Bank of Northeast Arkansas, Jonesboro
Treasurer •.••••••. , •••••• James Nipper, President
Bodcaw Bank, Stamps
To 1987 •. , ••••••.••••••. William H. Brandon, President
First National Bank, Helena
Ray L. Cash, President
Arkansas Bank & Trust.Hot Springs
Howell N. Davis, Chairman
Simmons First National Bank, Pine Bluff
Howard M. Qualls, President
State First National Bank, Texarkana
To 1988 •.•••••••••••••.. Curtis Hutchins, Chairman & President
Fordyce Bank & Trust Co., Fordyce
C. W. Kelly, President
Citizens National Bank, Hope
To 1989 .••••••...•..••.• Michael F. Flynn, President
American State Bank, Charleston
Albert H. Rusher, President
Bank of Brinkley, Brinkley
Burton Stacy, President
Mcilroy Bank & Trust, Fayetteville
Past Presidents ••••••••••.• John M. Lewis, President
The Bank of Fayetteville, N. A. (in organization) Fayetteville
B. Gene Staton, President
DeWitt Bank & Trust Co., DeWitt
Members at Large .••••••.•• Beverly J. Lambert, 111, President
Merchants National Bank, Fort Smith
Maurice Smith, Chairman & President
Bank of Cherry Valley, Cherry Valley
Executive Director •••••.••• H. C. Carvill
The Arkansas Bankers Association
Little Rock

YOUNG BANKER SECTION OFFICERS
President ••••.•••••••.••• Robert D. Huff, Assistant Vice President
First National Bank of Phillips County, Helena
Senior Vice President •••.••• T. G. McCormack, Assistant Vice President
The Merchants National Bank, Fort Smith
Vice President. .••••••.•••• Jim D. Green, Assistant Vice President
The Farmers & Merchants Bank, Stuttgart
Secretary •••.•••••••.•••• Shayne Crawford, Assistant Vice President
The Exchange Bank & Trust Co., El Dorado
Treasurer ••••••••••.••••• Mark Murphy, Correspondent Banking Officer
First Commercial Bank, N. A., Little Rock
AIB Coordinator •••••.••••• Anita Harrison, Marketing Officer
Bank of Bentonville, Bentonville

Seventy-Second Report

13

COMPTROLLER OF THE CURRENCY
Southwestern District
1201 Elm Street, Suite 3800
Dallas, Texas 75270
Telephone Number 767-4400
Area Code 214

Deputy Comptroller ........................................ Peter C. Kraft
District Administrator .................................... John A. Bodnar
Act. Director for Administration .......................... Preston Morrow
Director for Analysis ..................................... Preston Morrow
Director for Bank Supervision, Community Banks ............ Jerry H. Corn
Director for Bank Supervision, Reg. Banks ........... Stephen R. Steinbrink
District Counsel ........................................... Patrick Parise

FEDERAL RESERVE BANK OF ST. LOUIS, MISSOURI
DISTRICT NO. 8
Telephone Number 444-8444
Area Code 314

President ............................................. Thomas C. Melzer
First Vice President .................................. Joseph P. Garbarini
Senior Vice President ...................................... A. B. Balbach
Senior Vice President, General
Counsel & Secretary ............................. F. Garland Russell, Jr.
Senior Vice President .................................... Harold E. Uthoff
Senior Vice President ....................................... Ben C. Wade
Vice President ............................................ Ruth A. Bryant
Vice President. .......................................... Albert E. Burger
Vice President, Deputy Counsel
& Assistant Secretary ................................... Joan P. Cronin
Vice President ....................................... Charles R. Halbrook
Vice President ........................................ James R. Kennedy
Vice President ............................................ Jean M. Lovati
Vice President ....................................... Michael T. Moriarty
Vice President & Controller .............................. Martha L. Perine
Vice President .......................................... William J. Sneed
Vice President ...................................... Patricia A. Tarbutton
Vice President ........................................ Robert W. Thomas
Vice President ........................................ Randall C. Sumner
General Auditor .......................................... Richard E. Kay
Vice President .......................................... Delmer D. Weisz

14

State of Arkansas:

Bank Department

LITTLE ROCK, BRANCH
FEDERAL RESERVE BANK OF ST. LOUIS, MISSOURI
Telephone Number 372-5451
Area Code 501
Vice President and Manager ........................... ..... John F. Breen
Assistant Vice President. ........................... ...... David T. Rennie
Assistant Vice President ........................... .. Thomas R. Callaway

MEMPHIS BRANCH
FEDERAL RESERVE BANK OF ST. LOUIS, MISSOURI
Telephone Number 523-7171
Area Code 901
Vice President and Manager ........................... .. Paul I. Black, Jr.
Assistant Vice President ........................... ... A. C. Cremerius, Jr.

Seventy-Second Report

15

FEDERAL DEPOSIT INSURANCE CORPORATION
MEMPHIS REGION
One Commerce Square, Suite 1800
Memphis, Tennessee 38103
Telephone Number 521-3872
Area code 901
Regional Director ........................................ Bill C. Houston
Assistant Regional Director ........................ Raymond M. Glass, Jr.
Assistant Regional Director .............................. James F. Benner
Chief Review Examiner ............................. Joseph M. McGovern

EXAMINERS FOR ARKANSAS
Billy W. Carroll ............................................. Little Rock
# Jack P. Court, Jr............................................ Little Rock

James S. Henley, Jr......................................... Little Rock
Karl F. Kauffman ........................................... Little Rock
Dwight D. McKee ........................................... Little Rock
Harvey L. Melton ...................•....................... Little Rock
John W. Robertson, Jr....................................... Little Rock
Arthur R. Sansom .......................................... Little Rock
• Ronny G. Parham ............................................ Memphis
David L. Bowen .............................................. Memphis
James A. Colvin .............................................. Memphis
Billy F. Couch ............................................... Memphis
Ethridge B. Hampton, Jr...................................... Memphis
Harold B. Howard ............................................ Memphis
Arthur B. Monroe ............................................ Memphis
Robert A. Nantz .............................................. Memphis
Timothy P. Neeck ............................................ Memphis
Richard W. Riley ............................................. Memphis
James R. Sliger .............................................. Memphis
Lewis E. Smith, Jr............................................ Memphis
Richard E. Thorpe ............................................ Memphis
• Don R. Turner .............................................. Shreveport
Moka Caudle ............................................... Shreveport
Larry W. Flatt .............................................. Shreveport
Michael E. Hildebran ....................................... Shreveport
Nelma E. Honeycutt ........................................ Shreveport
Charles W. Kimsey ......................................... Shreveport
Edgar H. Leavell ............................................ Shreveport
Luther S. Litchfield, Jr ...................................... Shreveport
Charles C. Smith ........................................... Shreveport
# Acting Field Office Supervisor
* Field Office Supervisor

16

State of Arkansas:

Bank Department

STATE BANK DEPARTMENT, STATE OF ARKANSAS
CONSOLIDATED REPORT OF CONDITION OF THE 176
COMMERCIAL BANKS IN ARKANSAS AS OF JUNE 30, 1986
ASSETS
1. Cash and Balances due from depository institutions:
a. Non interest-bearing balances and currency and coin .............. .
b. Interest-bearing balances ........................................ .
2. Securities ......................................................... .
3. Federal funds sold and securities purchased
under agreement to resell ........................................... .
4. Loans and lease financing receivables:
a. Loans and lease, net of unearned income ......................... .
b. LESS: Allowance for loan and losses ............................. .
c. LESS: Allocated transfer risk reserve ............................. .
d. Loans and lease, net of unearned income allowance, and reserve ... .
5. Assets held in trading accounts ..................................... .
6. Premises and Fixed Assets (including capitalized lease) .............. .
7. Other real estate owned ............................................ .
8. Investments in unconsolidated subsidiaries and associated companies
9. Customers liability to this bank on acceptances outstanding .......... .
10. Intangible assets ................................................... .
11. Other assets ....................................................... .
12. Total assets ....................................................... .

$

410,095
431,014
2,280,322
335,484
4,161,653
61,538

-04, 100,115
3,235
125,840
43,240
1,078
1,265
2,080
154,512
7,888,280

LIABILITIES
13. Deposits:
a. In domestic offices .............................................. .
(1) Noninterest-bearing ................................... 997,038
(2) Interest-bearing ..................................... 6,026,642
b. In foreign offices, Edge and Agreement subsidiaries, and IBFs ..... .
(1) Noninterest-bearing ......................................... .
(2) Interest-bearing ............................................. .
14. Federal funds purchased and securities sold under agreements to
repurchase ....................................................... .
15. Demand notes issued to the U. S. Treasury ......................... ..
16. Other borrowed money ............................................. .
17. Mortgage indebtedness and obligations under capitalized leases ...... .
18. Bank's liability on acceptances executed
and outstanding ............................................... .
19. Notes and debentures subordinated to deposits ...................... .
20. Other liabilities .................................................... .
21. Total liabilities ..................................................... .
22. Limited-life preferred stock ......................................... .

7,023,680

-0-0-059,624
4,448
13,414
3,910
1,360
17,678
85,117
7,209,231
-0-

EQUITY CAPITAL
23.
24.
25.
26.
27.
28.
29.

Perpetual preferred stock ........................................... .
Common stock .................................................... .
Surplus ........................................................... .
Undivided profits and capital reserves ............................... .
Cumulative foreign currency translation adjustment .................. .
Total equity capital ................................................. .
Total liabilities, limited-life preferred stock and equity capital ......... .

9,700
93,487
235,124
340,738
-0679,049
7,888,280

Seventy-Second Report

17

NATIONAL BANKS IN ARKANSAS
Name

Location

County

First National Bank
Bank of Ashdown, N. A.
The First National Bank
First National Bank of Sharp County
First National Bank
First National Bank
The First National Bank
The First National Bank
First National Bank
First National Bank
Merchants & Planters Bank, N. A.
First National Bank
The First National Bank
First National Bank
The First National Bank
The First National Bank
First National Bank of Howard County
The First National Bank
National Bank of Commerce
The First National Bank
Northwest National Bank
First National Bank of the Ozarks
The First National Bank
First National Bank of Eastern
Arkansas
The City National Bank
The First National Bank
The Merchants National Bank
Caddo First National Bank
The First National Bank
The First National Bank
The First National Bank
First National Bank of Phillips County
Helena National Bank
The Citizens National Bank
The First National Bank
First National Bank
First American Bank, N.A.
The Planters National Bank
The First National Bank
First National Bank
The First National Bank
First American Bank, N. A.

Altheimer
Ashdown
Ashdown
Ash Flat
Batesville
Bentonville
Berryville
Blythevi lie
Brinkley
Camden
Camden
Clinton
Conway
Crossett
DeOueen
DeWitt
Dierks
El Dorado
El Dorado
Fayettevi lie
Fayetteville
Flippin
Fordyce

Jefferson
Little River
Little River
Sharp
Independence
Benton
Carroll
Mississippi
Monroe
Ouachita
Ouachita
Van Buren
Faulkner
Ashley
Sevier
Askansas
Howard
Union
Union
Washington
Washington
Marion
Dallas

Forrest City
Fort Smith
Fort Smith
Fort Smith
Glenwood
Green Forest
Gurdon
Harrison
Helena
Helena
Hope
Hope
Hot Springs
Hot Springs
Hughes
Huntsville
Jacksonville
Lewisville
Little Rock

St. Francis
Sebastian
Sebastian
Sebastian
Pike
Carroll
Clark
Boone
Phillips
Phillips
Hempstead
Hempstead
Garland
Garland
St. Francis
Madison
Pulaski
Lafayette
Pulaski

18

State of Arkansas:

First Commercial Bank, N. A.
Metropolitan National Bank
Union National Bank
Worthen Bank & Trust Co., N. A.
First National Bank
The Malvern National Bank
First National Bank
The First National Bank
First National Bank
First National Bank of Conway Co.
Morrilton Security Bank, N. A.
First National Bank & Trust Co.
Citizen National Bank
The First National Bank
First American Bank, N. A.
National Bank of Arkansas
First National Bank
First National Bank
The First National Bank
National Bank of Commerce
Pine Bluff National Bank
Simmons First National Bank
First National Bank of Cleburne
County
First National Bank & Trust Co.
First National Bank
First National Bank
First National Bank
Security National Bank
First National Bank
The First National Bank
First National Bank
Commercial National Bank
The State First National Bank
First National Bank of Poinsett
County
Jackson County National Bank
First National Bank of Crawford Co.
Citizens National Bank
The First National Bank of Lawrence
Co.
Fidelity National Bank
First National Bank
The First National Bank

Bank Department
Little Rock
Pulaski
Little Rock
Pulaski
Little Rock
Pulaski
Little Rock
Pulaski
Magnolia
Columbia
Malvern
Hot Springs
Marianna
Lee
Desha
McGehee
Mena
Polk
Morrilton
Conway
Morrilton
Conway
Mountain Home Baxter
Nashville
Howard
Nashville
Howard
No. Little Rock Pulaski
No. Little Rock Pulaski
Osceola
Mississippi
Paragould
Greene
Logan
Paris
Jefferson
Pine Bluff
Jefferson
Pine Bluff
Pine Bluff
Jefferson
Quitman
Rogers
Russellville
Searcy
Sheridan
Sidney
Siloam
Springs
Springdale
Stuttgart
Texarkana
Taxarkana

Cleburne
Benton
Pope
White
Grant
Sharp

Trumann
Tuckerman
Van Buren
Walnut Ridge

Poinsett
Jackson
Crawford
Lawrence

Walnut Ridge
West Memphis
West Memphis
Wynne

Lawrence
Crittenden
Crittenden
Cross

Benton
Washington
Arkansas
Miller
Miller

Seventy-Second Report

MEMBERS OF FEDERAL RESERVE SYSTEM
Name of Bank & Location
The Citizens Bank
Batesville

Date of Admission
April 15, 1953

Farmers Bank & Trust Company
Blytheville

August 23, 1918

Arkansas Bank & Trust Company
Hot Springs

September 25, 1942

Peoples Bank & Loan Company
Lewisville

July 26, 1945

First State Bank
Beebe

January 1, 1985

TRUST COMPANIES AND OTHER INSTITUTIONS
NOT ENGAGED IN COMMERCIAL BANKING,
NOT MEMBERS OF FEDERAL DEPOSIT
INSURANCE CORPORATION
TRUST COMPANIES
Name
Jones Investment & Trust Co.
Metropolitan Trust Company

Location
Little Rock
Sherwood

INDUSTRIAL LOAN INSTITUTIONS, ACT 111
Name
Southern Credit Corporation
Hallmark Loan & Investment
Corporation
National Credit Corporation

Location
Malvern
North Little Rock

Pine Bluff

19

20

State of Arkansas:

Bank Department

AMENDMENTS ALTERING CAPITAL STRUCTURE
July 1, 1985 to June 30, 1986
1. First State Bank of DeQueen, increased Capital from $600,000 to
$1,000,000 through issuance of new shares.
2. Bank of Dover, increased Capital from $200,000 to $400,000 through
newly authorized shares.
3. Earle State Bank, increased Capital from $500,000 to $1,000,000 through
payment of Undivided Profits.
4. Mcilroy Bank & Trust, Fayetteville, increased Capital from $5,111,200 to
$15,000,000 through the issuance of newly authorized shares.
5. Clark County Bank, Gurdon, increased Capital from $1,400,000 to
$2,400,000 through issuance of newly authorized shares.
6. Pine State Bank, Kingsland, increased Capital from $42,000 to $45,750
through the issuance of newly authorized shares.
7. Simmons First Bank of Lake Village, increased Capital from $100,000 to
$250,000 through Undivided Profits.
8. Citizens Bank of Lavaca, increased Capital from $236,250 to $283,600
through the sale of newly authorized shares.
9. Merchants & Planters Bank, Newport, increased Capital from $225,000 to
$300,000 through issuance and sale of new stock.
10. Farmers & Merchants Bank, Rogers, increased Capital from $874,000 to
$921,500 through sale of newly authorized shares.
11. Cross County Bank, Wynne, decreased Capital from $1,500,000 to
$100,000 through transfer from the Capital Account to Certified Surplus
Account.

Seventy-Second Report

21

AMENDMENTS CHANGING NUMBER
OF DIRECTORS
July 1, 1985 to June 30, 1986
1. Citizens Bank, Carlisle, from not less than 3 but no more than 15.
2. Mcilroy Bank & Trust, Fayetteville, authorized a change in the number of
the Bank Board of Directors.
3. The Cleburne County Bank, Heber Springs, from 9 to not less than 14 nor
more than 18.
4. Newton County Bank, Jasper, from not less than 3 persons, with the
number and manner of election of Directors to be established from time to
time by the Corporation's By-laws.

AMENDMENTS ADOPTING TRUST POWERS
July 1, 1985 to June 30, 1986
1. The Citizens Bank, England.

AMENDMENTS CHANGING LOCATION
OF BUSINESS
July 1, 1985 to June 30, 1986
1. Mel lroy Bank & Trust, Fayetteville, Arkansas to Fayetteville, Washington
County, Arkansas.

22

State of Arkansas:

Bank Department

ARKANSAS STATE BANK DEPARTMENT
CAPITAL TO ASSET RATIO
The average percentage of total equity capital to total assets of the 176 Arkansas State
Banks as of June 30, 1986 is 9.32%.
BANK
Commercial Bank at Alma
Bank of Amity
Citizens First State Bank
Elk Horn Bank and Trust
Merchants & Planters Bank
Bank of Atkins
The Bank of Augusta
Citizens First State Bank
The Citizens Bank
Bank of Bearden
Citizens Bank
First State Bank
Benton State Bank
The Union Bank of Benton
Bank of Bentonville
Bank of Blevins
Farmers Bank & Trust Co.
Citizens Bank
The Bank of Bradley
Bank of Brinkley
Bank of Cabot
First State Bank
Caraway Bank
Citizens Bank & Trust
Bank of Cave City
American State Bank
Bank of Cherry Valley
The Merchants & Planters Bank
Arkansas State Bank
Farmers Bank & Trust Co.
Clinton State Bank
First State Bank & Trust Co.
Corning Bank
First State Bank
Danville State Bank
Arkansas Valley Bank
Bank of Dardanelle
Decatur State Bank
Bank of Delight
First State Bank
Dermott State Bank
First State Bank of Dermott
Farmers & Merchants Bank
DeWitt Bank & Trust Co.

TOWN
Alma
Amity
Arkadelphia
Arkadelphia
Arkadelphia
Atkins
Augusta
Bald Knob
Batesville
Bearden
Beebe
Beebe
Benton
Benton
Bentonville
Blevins
Blytheville
Booneville
Bradley
Brinkley
Cabot
Calico Rock
Caraway
Carlisle
Cave City
Charleston
Cherry Valley
Clarendon
Clarksville
Clarksville
Clinton
Conway
Corning
Crossett
Danville
Dardanelle
Dardanelle
Decatur
Delight
DeQueen
Dermott
Dermott
Des Arc
DeWitt

CAPITAL TO
ASSET RATIO
10.62
14.22
8.48
10.03
8.92
10.23
13.38
9.75
7.25
13.65
10.55
6.88
9.13
9.30
8.24
9.28
9.60
8.54
10.17
9.58
8.70
12.58
10.93
9.48
8.13
11.75
8.88
7.65
8.69
7.19
7.09
7.50
7.95
8.90
10.90
10.35
9.43
9.99
11.55
8.23
12.92
9.71
22.87
16.35

Seventy-Second Report

23

ARKANSAS STATE BANK DEPARTMENT
CAPITAL TO ASSET RATIO (CONT'D}
BANK
Bank of Dover
Dumas State Bank
Merchants and Farmers Bank
Earle State Bank
The Exchange Bank & Trust Co.
The Delta State Bank
Bank of Elkins
The Citizens Bank
Bank of England
The Eudora Bank
Bank of Eureka Springs
Bank of Evening Shade
Mcilroy Bank & Trust
Fordyce Bank & Trust
Planters Bank & Trust Co.
Planters & Merchants Bank
The Bank of Glenwood
First State Bank
Bank of Gravett
Farmers Bank
The First Bank
Clark County Bank
Farmers Bank
Calhoun County Bank
The Bank of Harrisburg
The Security Bank
Hazen First State Bank
Heber Springs State Bank
The Cleburne County Bank
Bank of Holly Grove
Horatio State Bank
Arkansas Bank & Trust
Bank of Imboden
First Jacksonville Bank
Newton County Bank
Bank of Northeast Arkansas
Citizens Bank of Jonesboro
Mercantile Bank
Simmons First Bank
Farmers & Merchants Bank
Union State Bank
Bank of Kensett
Pine State Bank
Madison Bank and Trust
Bank of Lake Village
Simmons First Bank
Citizens Bank of Lavaca
Leachville State Bank

TOWN
Dover
Dumas
Dumas
Earle
El Dorado
Elaine
Elkins
England
England
Eudora
Eureka Springs
Evening Shade
Fayetteville
Fordyce
Forrest City
Gillett
Glenwood
Gould
Gravette
-- Gr~enwood
Griffithville
Gurdon
Hamburg
Hampton
Harrisburg
Harrison
Hazen
Heber Springs
Heber Springs
Holly Grove
Horatio
Hot Springs
Imboden
Jacksonville
Jasper
Jonesboro
Jonesboro
Jonesboro
Jonesboro
Judsonia
Junction City
Kensett
Kingsland
Kingston
Lake Village
Lake Village
Lavaca
Leachville

CAPITAL TO
ASSET RATIO

9.74
10.09
12.35
14.80
8.38
37.81
8.61
13.81
14.96
10.59
11.50
9.75
6.88
11.81
9.44
11.03
8.32
13.80
11.66
11.38
14.98
4.01
7.56
11.61
8.30
7.63
10.91
6.08
7.78
13.54
8.95
6.50
8.03
9.50
9.24
9.06
7.35
7.57
8.28
13.88
9.16
26.38
8.61
10.72
13.59
7.81
11.79
17.84

24

State of Arkansas:

Bank Department

ARKANSAS STATE BANK DEPARTMENT
CAPITAL TO ASSET RATIO (CONT'D}
BANK
Little River Bank
Peoples Bank and Loan Co.
Bank of Lincoln
Pulaski Bank & Trust Co.
Bank of Lockesburg
First State Bank
Farmers Bank & Trust Co.
Bank of Malvern
Peoples Bank
The Merchants & Planters Bank
Bank of Mansfield
Farmers and Merchants Bank
Citizens Bank
Marked Tree Bank
Searcy County Bank
Bank of Marvell
Bank of McCrory
McGehee Bank
The Bank of North Arkansas
The Union Bank of Mena
Monette State Bank
Commercial Bank & Trust Co.
Union Bank & Trust Co.
The Bank of Montgomery County
Peoples Bank and Trust Co.
Bank of Mountain View
Bank of Mulberry
Pike County Bank
Bank of Newark
First State Bank of Newport
Merchants & Planters Bank
The Twin City Bank
The Planters Bank
Bank of Ozark
Security Bank
Bank of Parkdale
First State Bank
Bank of Pea Ridge
The Perry County Bank
Piggott State Bank
First State Bank
Bank of Pocahontas
Planters & Stockman Bank
The Lawrence Countv Bank
Portland Bank
The Peoples Bank
The Farmers and Merchants Bank
Bank of Prescott

TOWN
Lepanto
Lewisville
Lincoln
Little Rock
Lockesburg
Lonoke
Magnolia
Malvern
Mammoth Spring
Manila
Mansfield
Marianna
Marion
Marked Tree
Marshall
Marvell
McCrory
McGehee
Melbourne
Mena
Monette
Monticello
Monticello
Mount Ida
Mountain Home
Mountain View
Mulberry
Murfreesboro
Newark
Newport
Newport
No. Little Rock
Osceola
Ozark
Paragould
Parkdale
Parkin
Pea Ridge
Perryville
Piggott
Plainview
Pocahontas
Pocahontas
Portia
Portland
Portland
Prairie Grove
Prescott

CAPITAL TO
ASSET RATIO
17.76
9.96
9.05
6.22
9.09
10.85
9.51
11.58
6.92
14.98
8.84
13.60
11.07
10.54
8.90
13.36
11.80
9.29
7.75
14.03
7.42
9.37
7.78
9.15
9.73
14.96
10.29
7.82
9.33
6.44
8.93
7.66
9.28
10.45
7.19
8.08
14.03
8.49
10.11
8.33
8.26
11.56
8.70
7.81
13.34
13.09
10.99
10.19

Seventy-Second Report

25

ARKANSAS STATE BANK DEPARTMENT
CAPITAL TO ASSET RATIO (CONT'd)
BANK
The Bank of Rector
Farmers & Merchants Bank
The Bank of Rison
Farmers and Merchants Bank
Peoples Bank & Trust Co.
Bank of Salem
Logan County Bank
First Security Bank
Grant County Bank
First State Bank
Arkansas State Bank
Smackover State Bank
Merchants & Planters Bank
First State Bank
Bodcaw sank
Bank of Star City
Stephens Security Bank
Citizens sank
The Farmers & Merchants Bank
Bank of Trumann
Bank of Tuckerman
Tyronza sank
Citizens Bank & Trust Co.
Bank of Waldo
The Peoples Bank
Bank of Waldron
The Scott County Bank
First State Bank
Warren Bank and Trust Co.
Bank of Weiner
Merchants and Farmers Bank
Bank of West Memphis
Wilmot State Bank
Bank of Wilson
Cross County Bank
The Bank of Yellville

TOWN
Rector
Reyno
Rison
Rogers
Russellville
Salem
Scranton
Searcy
Sheridan
Sherwood
Siloam Springs
Smackover
Sparkman
Springdale
Stamps
Star City
Stephens
Strong
Stuttgart
Trumann
Tuckerman
Tyronza
Van Buren
Waldo
Waldo
Waldron
Waldron
Warren
Warren
Weiner
West Helena
West Memphis
Wilmot
Wilson
Wynne
Yellville

CAPITAL TO
ASSET RATIO
12.49
9.71
13.07
7.83
7.99
8.37
10.64
10.45
10.14
7.19
7.65
12.09
8.11
7.79
9.22
7.90
8.70
19.63
10.34
10.49
14.72
15.20
8.76
7.13
10.67
11.19
8.57
8.52
10.29
12.96
7.28
11.87
15.51
14.58
9.57
7.80

26

State of Arkansas:

Bank Department

STATISTICAL INFORMATION REFLECTING THE
GROWTH OF ARKANSAS STATE BANKS
OVER A TEN YEAR PERIOD
(Commercial Banks Only}

1976-1986
Number of banks with assets of
less than $1,000,000 ....................... .
With assets of $1,000,000 to $2,000,000 ....... .
With assets of $2,000,000 to $3,500,000 ....... .
With assets of $3,500,000 to $5,000,000 ....... .
With Assets of $5,000,000 to $7,500,000 ....... .
With assets of $7,500,000 to $10,000,000 ...... .
With assets of $10,000,000 to $15,000,000 ..... .
With assets of $15,000,000 to $20,000,000 ..... .
With assets of $20,000,000 to $30,000,000 ..... .
With assets of $30,000,000 to $50,000,000 ..... .
With assets of $50,000,000 to $75,000,000 ..... .
With assets of $75,000,000 to $100,000,000 .... .
With assets over $100,000,000 ................ .

June 1976

June 1986

2
2
6
12
25
29
35
21
28
16
2
4

0
0

--1
183

Total resources ............. .
Total loans ................. .
Securities .................. .
Deposits ................... .
Total Capital Accounts ...... .

1
3
3
9
13
20
38
40
24
10
15
176

Per Cent
June 30, 1976
June 30, 1986 Increase
{Reported in millions and nearest thousand)
151
$3,138,905
7,888,280
1,690,149
4,161,653
146
1,073,429
2,280,322
112
2,829,065
7,026,680
148
259,863
679,049
161

Seventy-Second Report

27

SEVENTY-SECOND REPORT
showing

THE CONDITION OF THE
176 ARKANSAS STATE-CHARTERED BANKS
ASSETS AND LIABILITIES ARE AS SHOWN BY THE
CALL OF
JUNE 30, 1986

Banks are listed according to an alphabetical
arrangement of cities and towns where located.

THE TELEPHONE AREA CODE NUMBER
FOR ALL OF ARKANSAS IS 501

State of Arkansas:

28

Bank Department

COMMERCIAL BANK AT ALMA
City: Alma
Charter Number: 297
Telephone: 632-2257

P.O. Box 369
Crawford County
Zip Code: 72921
Population: 3,007
Charter Date: September 15, 1909
Branches: 2

Bank Holding Company Affiliate: Commerce Financial Corporation

CHAIRMAN: JOHN PAUL BALLENTINE
PRESIDENT: *HILDA KNIGHT

EXECUTIVE V.P.: TERRY Q. CARSON
VICE PRESIDENT: WILLIAM N. BRASHER Ill

Total Assets ........................ 27,759
Loans, Net .......................... 15,569
Securities ............................ 8,705
Interest Bearing Balances .............. 500
Total Deposits ...................... 24,687
No. Shares Authorized .........•...... 8,000
No. Shares Outstanding .............. 8,000

Preferred Stock ......•.................. -0Common Stock ........................ 200
Surplus ................................ 800
Undivided Profits ..................•.• 1,804
Reserve for Loan Losses .....•.......... 161
Total Equity Capital .................. 2,804
Subordinated Debt ...................... -0-

DIRECTORS: John Paul Ballentine, James A. Arnold 11, William N. Brasher Ill, Terry Q. Carson,
John A. Griffin, Hilda Knight
*D~signates Chief Executive Officer

BANK OF AMITY
City: Amity
Charter Number: 198
Telephone: 342-5269

Public Square and Hwys. 8 & 84
P.O. Box 38
Clark County
Zip Code: 71921
Population: 859
Charter Date: November 30, 1905
Branches: 0
Bank Holding Company Affiliate: None

PRESIDENT AND CASHIER: *CLEDA OLDS
VICE PRESIDENT: JOE F. MAXEY
VICE PRESIDENT: ERNIE DUNLAP

ASST. CASHIER: HAZEL RICHARDSON
ASST. CASHIER: PEGGY T. ADAMS

Total Assets .......•...............• 35,952
Loans, Net ................•.......... 7,386
Securities ................•.......... 21,461
Interest Bearing Balances ...•......•... 900
Total Deposits ...................... 30,477
No. Shares Authorized .........•..... .4,000
No. Shares Outstanding ........•..•. .4,000

Preferred Stock .................•...•... -0Common Stock ........................ 100
Surplus .............................. 1,700
Undivided Profits •...•................ 3,227
Reserve for Loan Losses ................. 98
Total Equity Capital .................. 5,027
Subordinated Debt .•.................... -0-

DIRECTORS: Gleda Olds, Joe F. Maxey, Hazel Richardson, Ernie Dunlap, M. H. Oakley
*Designates Chief Executive Officer

Seventy-Second Report

29

CITIZENS Fl RST STATE BANK
City: Arkadelphia
Charter Number: 736
Telephone: 246-2411

506 Main Street
P.O. Box 218
Clark County
Zip Code: 71923
Population: 10,169
Charter Date: May 24, 1977
Branches: 1

Bank Holding Company Affiliate: First Arkadelphia Bancshares, Inc.
PRESIDENT: *R. EDWARD SNIDER JR.
EX. V.P. & V. CHAIRMAN OF THE BOARD:
RAYMOND TOLER

SR. V. P. & CASHIER: JOHNNIE SUE
HUNEYCUTT
VICE PRESIDENT: JUDY SLIGH
VICE PRESIDENT: TOM CALHOON

Total Assets ................•....... 35,676
Loans, Net .......................... 23,696
Securities ............................ 3,636
Interest Bearing Balances ............. 2.600
Total Deposits ...................... 32,521
No. Shares Authorized .......•....... 30,000
No. Shares Outstanding ............. 30,000

Preferred Stock ..........•.............. -0Common Stock ........................ 300
Surplus .............................. 1,000
Undivided Profits ..................... 1.587
Reserve for Loan Losses ................ 153
Total Equity Capital .................. 2,887
Subordinated Debt. ..................... -0-

DIRECTORS: I. B. Fuller, Jr., Raymond C. Toler, E. J. Alexander, Flave Carpenter, Cecil Cupp, Jr.,
Jerry Francis, Billy Bob Hardman, Ed Mccorkle, John M. Moore, R. Edward Snider, Jr., Ralph
Williams
*Designates Chief Executive Officer

ELK HORN BANK & TRUST COMPANY
City: Arkadelphia
Charter Number: 142
Telephone: 246-5811

P.O. Box 248
Clark County
Zip Code: 71923
Population: 10,169
Charter Date: September 28, 1903
Branches: 2

Bank Holding Company Affiliate: Elk Horn Bancshares, Inc.
CHAIRMAN: JAMES W. HARRINGTON
PRESIDENT & CEO: *LARRY C. WHITLEY

EXECUTIVE V.P. & CASHIER: ROY N. SHOPE
VICE PRESIDENT: HERMAN G. BREWER

Total Assets ........................ 4 7 ,920
Loans, Net .......................... 19,504
Securities ........................... 18,433
Interest Bearing Balances ............. 4,300
Total Deposits ..................... .42,764
No. Shares Authorized ............... 24,000
No. Shares Outstanding .....•....... 24,000

Preferred Stock ........................•-0Common Stock ..........•............. 600
Surplus .............................. 1,400
Undivided Profits ..................... 2,664
Reserve for Loan Losses ................ 156
Total Equity Capital ................. . 4,664
Subordinated Debt. .............•....... -0-

DIRECTORS: Thomas B. Barksdale, James Blanton, Harold Echols, James W. Harrington, J.
Hugh Lookadoo, Earl Meeks, Wayne D. Pollard, Roy N. Shope, A. C. Stone, Larry C. Whitley, J. B.
Wingfield
"Designates Chief Executive Officer

30

State of Arkansas:

Bank Department

MERCHANTS & PLANTERS BANK &
TRUST COMPANY
City: Arkadelphia
Charter Number: 341
Telephone: 246-4511

526 Main Street
P.O. Box 219
Clark County
Zip Code: 71923
Population: 10,169
Charter Date: August 1, 1911
Branches: 1

Bank Holding Company Affiliate: Central Arkansas Bancshares, Inc.

PRES. & CHIEF EXE. OFF.: *MILLARD E. AUD
SENIOR V.P.: BOBBY G. JONES

V.P. & CASHIER: BARBARA J. NEEL

Total Assets ........................ 34,595
Loans, Net .......................... 17,278
Securities ........................... 11,313
Interest Bearing Balances .............. 550
Total Deposits ...................... 31,311
No. Shares Authorized ............... .4,800
No. Shares Outstanding .............. 4,800

Preferred Stock ......................... -0Common Stock ........................ 120
Surplus .............................. 1,330
Undivided Profits ..................... 1,588
Reserve for Loan Losses ................. 51
Total Equity Capital .................. 3,038
Subordinated Debt ...................... -0-

DIRECTORS: Millard E. Aud, John M. Hobgood, Toney D. McMillan, Paul L. Offutt, Robert C.
Rhodes, Jane Ross, Donald M. Tatman, Ross M. Whipple, Cary E. Young
*Designates Chief Executive Officer

BANK OF ATKINS
City: Atkins
Charter Number: 35
Telephone: 641-2987

P.O. Box 157
Pope County
Zip Code: 72823
Population: 3,002
Charter Date: September 19, 1895
Branches: 0

Bank Holding Company Affiliate: None

CHAIRMAN: JAMES C. MITCHELL
PRESIDENT & CEO: *DAVID M. MITCHELL

CASHIER: DOROTHY WILEY

Total Assets ........................ 13,602
Loans, Net ........................... 5,880
Securities ............................ 5,242
Interest Bearing Balances .............. 600
Total Deposits ...................... 12,098
No. Shares Authorized ............... 12,500
No. Shares Outstanding ............. 12,500

Preferred Stock ......................... -0Common Stock ........................ 125
Surplus ................................ 925
Undivided Profits ...................... 290
Reserve for Loan Losses ................. 57
Total Equity Capital .................. 1,340
Subordinated Debt ...................... -0-

DIRECTORS: James C. Mitchell, David M. Mitchell E. L. Jorden
*Designates Chief Executive Officer

Seventy-Second Report

31

THE BANK OF AUGUSTA
100 S. Second Street
P.O. Box Y
Woodruff County
Zip Code: 72006
Population: 3,496
Charter Date: February 20, 1935
Branches:0

City: Augusta
Charter Number: 669
Telephone: 347-2511

Bank Holding Company Affiliate: None
CHAIRMAN: R. E. GREGORY
PRESIDENT: E. R. MILLER

EXECUTIVE V.P.: *WOODY CASTLEBERRY
V.P. & CASHIER: DOROTHY WILLIS

Total Assets ........................ 31 ,460
Loans, Net .•........................ 13,724
Securities ........................... 11,792
Interest Bearing Balances ............. 2,885
Total Deposits .•.................... 26,840
No. Shares Authorized ................ 8,000
No. Shares Outstanding .............. 8,000

Preferred Stock ......................... -0Common Stock ........................ 200
Surplus ................................ 800
Undivided Profits ....................• 3, 173
Reserve for Loan Losses ................ .41
Total Equity Capital .................. 4,173
Subordinated Debt. ..•.•................ -0-

DIRECTORS: Woody Castleberry, Franklin Collier, Dr. Steven Collier, W. P. Daniel, W. P. Daniel,
Jr., Charles P. Eldridge, John Rolfe Eldridge, R. E. Gregory, R. E. Gregory, Jr., E. R. Miller, Dorothy
Willis
*Designates Chief Executive Officer

CITIZENS STATE BANK
City: Bald Knob
Charter Number: 636
Telephone: 724-3241

110 South Elm
P.O. Box 200
White County
Zip Code: 72010
Population: 2,758
Charter Date: January 22, 1931
Branches: 1

Bank Holding Company Affiliate: Citizens State Bankshares of Bald Knob, Inc.
CHAIRMAN: *JUANITA LITZELFELNER
PRES. & TRUST OFF.: LARRY E. KIRCHER
SR. V.P. & CASHIER: WENDELL NIER

VICE PRESIDENT: MARGARET ETHERIDGE
ASST. VICE PRESIDENT: PEGGY REED

Total Assets ........................ 21,360
Loans, Net ...............•.......... 10,772
Securities ............................ 5,849
Interest Bearing Balances ............. .400
Total Deposits ...............•...... 19,338
No. Shares Authorized ................ 4,000
No. Shares Outstanding .............. 4,000

Preferred Stock ••....................... -0Common Stock ..............•.•....... 100
Surplus .•............................•• 700
Undivided Profits ....•................. 987
Reserve for Loan Losses ................ 327
Total Equity Capital •.....•........... 1,787
Subordinated Debt. ..................... -0-

DIRECTORS: Juanita Litzelfelner, Larry E. Kircher, Wendell Nier, Bernard C. Smith, Bob J. Clark
*Designates Chief Executive Officer

State of Arkansas:

32

Bank Department

THE CITIZENS BANK
3rd & College
P.O. Box 2156
Independence County
Zip Code: 72503-2156
Population: 8,200
City: Batesville
Charter Date: February 19, 1953
Charter Number: 705
Branches: 4
Telephone: 793-4441

Bank Holding Company Affiliate: Citizens Bancshares of Batesville Inc.

PRESIDENT & CEO: *T. G. VINSON
EXEC. V.P.: CHARLES ARNOLD

SR. V.P.: DAVID HIDY
CASHIER: GREG SHAVER

Total Assets ....................... 110,839
Loans, Net .......................... 66,294
Securities ........................... 28, 123
Interest Bearing Balances ............... -0T otal Deposits ..................... 102,042
No. Shares Authorized ............... 14,000
No. Shares Outstanding ............. 14,000

Preferred Stock ......................... -0Common Stock ...................... 1,400
Surplus .............................. 1,000
Undivided Profits ..................... 5,012
Reserve for Loan Losses ................ 672
Total Equity Capital .................. 7,412
Subordinated Debt ..................... 400

DIRECTORS: T. G. Vinson, Charles Arnold, Lackey Moody, Dr. Lackey G. Moody, M. F.
Highsmith, Noel K. Sims, Mrs. J. K. Southerland, Doyle Rogers
*Designates Chief Executive Officer

BANK OF BEARDEN
City: Bearden
Charter Number: 688
Telephone: 687-2233

2nd & Cedar
P.O. Box 135
Ouachita County
Zip Code: 71720
Population: 1,192
Charter Date: July 5, 1945
Branches: O

Bank Holding Company Affiliate: None
CHAIRMAN: JOHN E. ANTHONY
PRESIDENT & CEO: *RICK GREEN

EXECUTIVE V.P.: KEN RILEY
VICE PRESIDENT: EDWARD W. PASCHAL

Total Assets ........................ 16,590
Loans, Net ........................... 6,244
Securities ............................ 5,218
Interest Bearing Balances ............. 2,289
Total Deposits ...................... 14,225
No. Shares Authorized ................ 8,800
No. Shares Outstanding .............. 8,140

Preferred Stock ......................... -0Common Stock ................. , ...... 203
Surplus .............................. 1,127
Undivided Profits ...................... 908
Reserve for Loan Losses ................. 30
Total Equity Capital .................. 2,238
Subordinated Debt. ..................... -0-

DIRECTORS: John E. Anthony, Joe F. Barner, 0. D. Cathey, Rick Green, Kenneth D. Keeton, Eric
Stuckey, J. E. Word
"Designates Chief Executive Officer

Seventy-Second Report

33

CITIZENS BANK
City: Beebe
Charter Number: 465
Telephone: 882-6411

P.O. Drawer T
White County
Zip Code: 72012
Population: 4,000
Charter Date: June 21, 1917
Branches: 1
Bank Holding Company Affiliate: None

CHM & CEO: *E. H. ABINGTON II
PRESIDENT: J. DARREL HALL
SR. V.P.: JAMES LOVELL
FIRST V.P.: MARGIE JENSEN
V.P.: C. A. JONES

V.P.: BETTY LIDDLE
CASHIER: ANNA SPRADLIN
ASST. CASHIER: GLENNA PRUITT
ASST. CASHIER: KATHY NOKES

Total Assets ........................ 28,806
Loans, Net .......................... 17,065
Securities ............................ 6,384
Interest Bearing Balances .............. 100
Total Deposits ...................... 25,710
No. Shares Authorized ............... 20,000
No. Shares Outstanding ............. 20,000

Preferred Stock ......................... -0Common Stock ........................ 200
Surplus ................................ 600
Undivided Profits ..................... 2,017
Reserve for Loan Losses ................ 249
Total Equity Capital .................. 2,817
Subordinated Debt ...................... -0-

DIRECTORS: E. H. Abington, 11, Doyle Burns, Millan Burrow, G. Byrne Garrett, Leroy Goff, Lee
Hayes, Margie Jensen, C. A. Jones, James Rakes, Mayes Scott
"'Designates Chief Executive Officer

FIRST STATE BANK
City: Beebe
Charter Number: 742
Telephone: 882-6406

1500 DeWitt Henry Dr.
P.O. Box 2000
White County
Zip Code: 72012
Population: 4,000
Charter Date: April 20, 1981
Branches: 0

Bank Holdlng Company Afflllate: First Charter Bancshares, Inc.
PRES. & CEO: *GARLAND KIRKPATRICK
SR. V.P.: DAVID MILLER

CASHIER: MARILYN COLE

Total Assets ........................ 26,387
Loans, Net .......................... 19,830
Securities ............................ 1,849
Interest Bearing Balances .............. 100
Total Deposits ...................... 20,771
No. Shares Authorized ............... 50,000
No. Shares Outstanding ............. 50,000

Preferred Stock ......................... -0Common Stock ........................ 500
Surplus ................................ 500
Undivided Profits ...................... 739
Reserve for Loan Losses ................. 82
Total Equity Capital .................. 1,739
Subordinated Debt. ..................... -0-

DIRECTORS: Dr. Ruth Couch, Grace Crouch, Johnnie Downing, Walter England, Keith Knight,
Garland Kirkpatrick, Lyndell Lay, Gene Holman, David Miller
• □esignates

Chief Executive Officer

34

State of Arkansas:

Bank Department

BENTON STATE BANK
146 West South Street
P.O. Box 9
Saline County
Zip Code: 72015
Population: 18,000
Charter Date: March 3, 1934
Branches: 5

City: Benton
Charter Number: 664
Telephone: 778-0431

Bank Holding Company Affiliate: Benion State Bankshares
CHAIRMAN OF BOARD: BOB ALSOBROOK
PRESIDENT & CEO: *BROOKS MORRIS
EXEC. V. P.: RUSSELL COLEMAN

SENIOR V.P.: HARRY McCORMICK
VICE PRESIDENT: JUNE MAGEE

Total Assets ....................... 121,451
Loans, Net ......................... .40,958
Securities ........................... 66,997
Interest Bearing Balances .............. 140
Total Deposits ..................... 109,139
No. Shares Authorized .............. 132,000
No. Shares Outstanding ............ 132,000

Preferred Stock ......................... -0Common Stock ...................... 1,320
Surplus ................................ 825
Undivided Profits ..................... 8,574
Reserve for Loan Losses ................ 407
Total Equity Capital ................. 10,719
Subordinated Debt. ..................... -0-

DIRECTORS: Mrs. W.R. Alsobrook, Roy Bishop, Fred Briner, Calvin Brown, A. 8. Holiman, Jr., W.
W. Jones, Malcolm Lawrence, N. P. Ramsey, Gordon Spivey, D. J. Stirman, Bob Alsobrook,
Russell Coleman, Brooks Morris, W. L. Tucker. Virgil Williams

•Designates Chief Executive Officer

THE UNION BANK OF BENTON
City: Benton
Charter Number: 706
Telephone: 778-0411

Conway & Market
P.O. Box 687
Saline County
Zip Code: 72015
Population: 18,000
Charter Date: January 11, 1954
Branches: 2

Bank Holding Company Affiliate: Union Bancshares of Benton
CEO: *GREG B. BROWN
PRESIDENT: BOB GREGORY
SR. V. P.: BOB LEWIS

VICE PRESIDENT: K. M. TAYLOR
VICE PRESIDENT: MARGARET JEFFERSON
VICE PRESIDENT: BILL SCEARCE

Total Assets ........................ 68.228
Loans, Net .......................... 24,799
Securities ........................... 19,299
Interest Bearing Balances ............ 17,546
Total Deposits ...................... 61,326
No. Shares Authorized ............. 72,940.3
No. Shares Outstanding ............ 72,940.3

Preferred Stock ......................... -oCommon Stock ....................... .729
Surplus ................................ 857
Undivided Profits ..................... 4,346
Reserve for Loan Losses ................ 457
Total Equity Capital ..............•... 5,932
Subordinated Debt ..................... 516

DIRECTORS: Greg B. Brown, June Brown, Lilburn Carlisle, J. D. Harris, R. G. Kuerner, I. E.
McCray Jr., J. Fred Walton Jr., John Young, Bob Gregory
"'Designates Chief Executive Officer

35

Seventy-Second Report

BANK OF BENTONVILLE
City: Bentonville
Charter Number: 641
Telephone: 273-3331

201 N. E. A Street
Benton County
P.O. Box 1229
Population: 9,920
Zip Code: 72712
Charter Date: February 25, 1931
Branches: 4
Bank Holding Company Affiliate: None

PRESIDENT:
PRESIDENT:
PRESIDENT:
PRESIDENT:

DAN DYKEMA
MIKE PRENGER
ROB SABATA
BOB HOLLINGSHEAD

PRESIDENT: •BURTON E. STACY
EXECUTIVE V. P.: DAVID A. SHORT
EXECUTIVE V.P.: JOHN W. FRYER
SR. VICE PRESIDENT: WARREN FIELDS

VICE
VICE
VICE
VICE

Total Assets ....................... 158,464
Loans, Net .......................... 97,555
Securities .......................... .46,227
Interest Bearing Balances ............. 1,973
Total Deposits ..................... 142,468
No. Shares Authorized .............. 100,000
No. Shares Outstanding ............. 78,400

Preferred Stock ......................... -0Common Stock ........................ 980
Surplus .............................. 5,270
Undivided Profits ..................... 6,171
Reserve for Loan Losses ................ 692
Total Equity Capital ................. 12,421
Subordinated Debt. ..................... -0-

DIRECTORS: Edward Adair, George Billingsley, R. E. Buck, Max Burger, William Enfield, Glenn
Featherston, John Fryer, David Glass, Carl Hutchens, Clayton Little, John Rollow, Roy Scoggins,
Burton Stacy, Alice Walton, Jim Walton, Sam Walton
~Designates Chief Executive Officer

BANK OF BLEVINS
City: Blevins
Charter Number: 385
Telephone: 874-2541

Hempstead County
P.O. Box 158
Population: 314
Zip Code: 71825
Charter Date: August 12; 1912
Branches: 0

Bank Holding Company Affiliate: First National Bancshares of Hempstead County, Inc.

PRESIDENT:P.C.STEPHENS
EXEC. V.P. & CASHIER: •MIKE STEPHENS

SR. V.P.: NELL STEPHENS

Total Assets .......................... 8,502
Loans, Net ........................... 3,067
Securities ............................ 2,251
Interest Bearing Balances ............. 2,497
Total Deposits ....................... 7,635
No. Shares Authorized ............... 16,000
No. Shares Outstanding .............. 8,050

Preferred Stock ......................... -0Common Stock ........................ 101
Surplus ................................ 150
Undivided Profits ...................... 534
Reserve for Loan Losses .................. 4
Total Equity Capital .................... 785
Subordinated Debt. ..................... -0-

DIRECTORS: Thomas E. Hays, Jr., Harold M. Stephens, Mike Stephens, Nell Stephens P. C.
Stephens
*Designates Chief Executive Officer

36

State of Arkansas:

Bank Department

FARMERS BANK & TRUST COMPANY
City: Blytheville
Charter: 253
Telephone: 763-8101

400 West Main Street
P.O. Box 688
Mississippi County
Zip Code: 72315
Population: 24,314
Charter Date: March 16, 1908
Branches: 3
Bank Holding Company Afflllate: None

CHAIRMAN & CEO: *JAMES L. MAGEE
PRESIDENT: ALVIN HUFFMAN Ill

EXECUTIVE V.P.: LEE A. CROWE
VICE PRESIDENT: STEVE BELL

Total Assets ........................ 90, 196
Loans, Net .......................... 25,865
Securities .........•......•......... .46,092
Interest Bearing Balances ....•........ 5,600
Total Deposits ...................... 76,753
No. Shares Authorized ............... 40,000
No. Shares Outstanding ...•......... 40,000

Preferred Stock ...............•......... -0Common Stock ...................... 1,000
Surplus ........................•..... 2,750
Undivided Profits ..................... 4,692
Reserve for Loan Losses ................ 236
Total Equity Capital ..............•... 8,442
Subordinated Debt ...................... -0-

DIRECTORS: James L. Magee. Dale Briggs. Jerry Cohen, Glen Cook, Lee A. Crowe, Alvin
Huffman, Ill. Paul Hughes, Herbert Jones, Gaylon M. Lawrence, Jr. R. A. Porter
"'Designates Chief Executive Officer

CITIZENS BANK OF BOONEVILLE
City: Booneville
Charter Number: 397
Telephone: 675-2747

P.O. Box 238
Logan County
Zip Code: 72927
Population: 3,718
Charter Date: April 10, 1910
Branches: 3

Bank Holding Company Afflllate: First Western Bancshares Inc.
CHAIR. OF BOARD & CEO: *JERAL L.
HAMPTON
EXEC. VICE PRESIDENT: BILL LANDRUM
VICE PRESIDENT: TOM CALLAN
VICE PRESIDENT: JOE HENRY EARP

V.P. & CASHIER: BILL MITCHELL
VICE PRESIDENT: LEE STRICKLAND
VICE PRESIDENT: SHIRLEY KAY YOUNG
ASST. V.P.: GLYNDA McCONNELL

Total Assets ........................ 63,558
Loans, Net ......................•... 35,835
Securities ........................... 11,639
Interest Bearing Balances .......•.... 11,424
Total Deposits ...................... 57,956
No. Shares Authorized .............. 100,000
No. Shares Outstanding ............ 100,000

Preferred Stock .................•....... -0Common Stock ...................... 1,000
Surplus ...•......................•... 1,000
Undivided Profits ..................... 3,101
Reserve for Loan Losses ................ 359
Total Equity Capital .................. 5, 101
Subordinated Debt. ..................... -0-

DIRECTORS: Melvin R. Dunn, Glenn Fitzgerald, John T. Hampton, Billy Dale Leslie, C. Richard
Lippard, W. C. Littlefield, Gene Remy
'""Designates Chief Executive Officer

Seventy-Second Report

37

THE BANK OF BRADLEY
City: Bradley
Charter Number: 653
Telephone: 894-3322

P.O. Box 128
Lafayette County
Zip Code: 71826
Population: 790
Charter Date: April 10, 1933
Branches: 0

Bank Holding Company Affiliate: The Bradley Corporation
CHAIRMAN & PRESIDENT: *LANE PIERCE
EXEC. VICE PRESIDENT: BILLIE PIERCE

CASHIER: WANDA HAYES

Total Assets ........................ 11,083
Loans, Net ........................... 6,299
Securities ............................ 2,476
Interest Bearing Balances .............. 700
Total Deposits .......................9,918
No. Shares Authorized ............... 10,000
No. Shares Outstanding ............. 10,000

Preferred Stock ......................... -0Common Stock ........................ 100
Surplus ................................ 650
Undivided Profits ...................... 321
Reserve for Loan Losses ................. 62
Total Equity Capital .................. 1,071
Subordinated Debt. ..................... -0-

DIRECTORS: Lane Pierce, Gerald Crabtree, Randy Griffing
*Designates Chief Executive Officer

BANK OF BRINKLEY
City: Brinkley
Charter Number: 110
Telephone: 734-3133

130 S. New Orleans
P.O. Box 727
Monroe County
Zip Code: 72021
Population: 4,909
Charter Date: January 17, 1903
Branches: O

Bank Holding Company Affiliate: Brinkley Bancshares
CHAIRMAN: A. L. RUSHER
PRESIDENT: *A.H. RUSHER
EXEC. VICE PRESIDENT: GUS RUSHER
VICE PRESIDENT: HAROLD HARDWICK
ASST. V.P.: TERRY SINGLETERRY

CASHIER: MILDRED DICKSON
ASSISTANT CASHIER: KITTY SMITH
ASSISTANT CASHIER: VIRGINIA SIMPSON
ASSISTANT CASHIER: DELMA GROSS

Total Assets ........................ 51,396
Loans, Net .......................... 21,460
Securities ........................... 18,464
Interest Bearing Balances ............. 6, 100
Total Deposits ...................... 45,897
No. Shares Authorized ............... 24,000
No. Shares Outstanding ............. 24,000

Preferred Stock ......................... -0Common Stock ........................ 600
Surplus .............................. 2,000
Undivided Profits ..................... 2,050
Reserve for Loan Losses ................ 302
Total Equity Capital .................. 4,650
Subordinated Debt. ..................... -0-

DIRECTORS: A. L. Rusher, A.H. Rusher, Gus Rusher, Harold Hardwick, L. C. Dial, S. A. McKnight,
Don Fuller, Jim Carroll, Jr.
"'Designates Chief Executive Officer

State of Arkansas:

38

Bank Department

BANK OF CABOT
City: Cabot
Charter Number: 120
Telephone: 843-3575

One City Plaza
P.O. Box 1028
Lonoke County
Zip Code: 72023
Population: 6,168
Charter Date: March 15, 1903
Branches: 2

Bank Holding Company Afflllate: Cabot Bankshares, Inc.
PRESIDENT: *JAMES M. PARK
V.P. & CASHIER: JOE W. PARK
VICE PRESIDENT: WILLIAM E. WILLIAMS
VICE PRESIDENT: JUANITA C. MORDEN
VICE PRESIDENT: JAMES F. CAMPBELL
VICE PRESIDENT: JOHN C. THOMPSON

COMPTROLLER: DORIS L. WALKER
AVP: THETTA M. ALLMAN
AVP: VIRGINIA M. IRVIN
AC: MARILYN D. SPENCE
MKT. OFFICER: KAY BAUER
AUDITOR: OLETA KINDER

Total Assets ........................ 70,972
Loans, Net .......................... 43,836
Securities ........................... 19,251
Interest Bearing Balances .............. 100
Total Deposits ...................... 64,017
No. Shares Authorized ............... 25,000
No. Shares Outstanding ............. 25,000

Preferred Stock ......................... -0Common Stock ........................ 625
Surplus .............................. 1,575
Undivided Profits ..................... 3,478
Reserve for Loan Losses ................ 542
Total Equity Capital .................. 5,678
Subordinated Debt ..................... 300

DIRECTORS: Howell M. Thompson, Charles R. Templeton, James M. Park, A. M. Feland, Ill,
Charles L. George, Austin R. Leeds, Jack M. Lowman, Joe W. Park, Gerald H. Shock, H. A. Whitley,
William E. Williams
·oesignates Chief Executive Officer

FIRST STATE BANK
City: Calico Rock
Charter Number: 439
Telephone: 297-3711

South & Rodman Street
P.O. Box 236
Izard County
Zip Code: 72519

Population: 1,046
Charter Date: May 1, 1914
Branches: 1

Bank Holding Company Affiliate: None
PRES. & CEO: *H DAVEY WYATT
EXEC. V. P.: DANNY MOSER
VICE PRESIDENT: PAUL W. SEAY

ASST. VICE PRESIDENT: BOYCE HICKS
ASST. CASHIER: MONDALYN CALDWELL
ADMN. ASSISTANT: JOANN FARMER

Total Assets ........................ 29,982
Loans, Net .......................... 14,411
Securities ........................... 10,946
Interest Bearing Balances ............. 1,200
Total Deposits ...................... 26,084
No. Shares Authorized ............... 10,000
No. Shares Outstanding ..•.......... 10,000

Preferred Stock ......................... -0Common Stock ........................ 250
Surplus ................................ 750
Undivided Profits ..................... 2,623
Reserve for Loan Losses ................ 170
Total Equity Capital ...•...........•.. 3,623
Subordinated Debt. •.................... -0-

DIRECTORS: Gaye Copp, Paul W. Seay, H. Davey Wyatt
*Designates Chief Executive Officer

Seventy-Second Report

39

CARAWAY BANK
Kentucky Street
P.O. Box 39
Craighead County
Zip Code: 72419
Population: 1,165
Charter Date: November 27, 1962
Branches: O

City: Caraway
Charter Number: 717
Telephone: 482-3329

Bank Holding Company Affiliate: Caraway Bancshares, Inc.

CHAIRMAN: *AMOS DAVID

PRESIDENT: J. R. DAVID, JR.

Total Assets .......................... 8,902
Loans, Net ........................... 5,454
Securities ............................ 1,903
Interest Bearing Balances ................ 99
Total Deposits ....................... 7,919
No. Shares Authorized ............... 10,080
No. Shares Outstanding ............. 10,080

Preferred Stock ......................... -0Common Stock ........................ 252
Surplus ................................ 100
Undivided Profits ...................... 562
Reserve for Loan Losses ................. 66
Total Equity Capital .................... 914
Subordinated Debt. ..................... -0-

DIRECTORS: Amos David, J. R. David, Jr., Lee David, Gundel Martin, Deborah Taylor
"'Designates Chief Executive Officer

CITIZENS BANK & TRUST
City: Carlisle
Charter Number: 628
Telephone: 552-7571

118 North Court
P.O. Box 69
Lonoke County
Zip Code: 72024
Population: 2,500
Charter Date: December 22, 1930
Branches: 1

Bank Holding Company Affiliate: Carlisle Bancshares, Inc.

PRES. & CHAIR. OF BOARD: *M. S.
WOODRUFF
SR. VICE PRESIDENT: BILL J. SHOUP

V.P. & CASHIER: LAVERNE CALDWELL
V.P. & TRUST OFF.: M. GAINES YOUNG

Total Assets ........................ 45,489
loans, Net .......................... 24,794
Securities ........................... 16,931
Interest Bearing Balances .............. 500
Total Deposits ...................... 40,454
No. Shares Authorized ............... 39,000
No. Shares Outstanding ............. 39,000

Preferred Stock ......................... -0Common Stock ........................ 975
Surplus .............................. 1,025
Undivided Profits ..................... 2,123
Reserve for Loan Losses ................ 210
Total Equity Capital .................. 4,123
Subordinated Debt. ..................... -0-

DIRECTORS: M. S. Woodruff, Bill Shoup, Gaines Young, Charles Hunt, Dr. J. F. Gartman, C. W.
Harper, Randall Snider, Garland Gazer, Daniel Horton, Charles Owen, Clifford Bennett, Sr.,
Advisory
*Designates Chief Executive Officer

State of Arkansas:

40

Bank Department

BANK OF CAVE CITY
City: Cave City
Charter Number: 209
Telephone: 283-5301

Main Street
P .0. Box 82
Sharp County
Zip Code: 72521

Population: 1,634
Charter Date: July 2, 1906
Branches: O

Bank Holding Company Affiliate: Sharp Bancshares, Inc.
PRESIDENT: EUGENE STREET
EXEC. V.P.: *JAMES M. STREET

SR. V.P.-CASHIER: CLIFTON CRABTREE

Total Assets ........................ 21,848
Loans, Net .......................... 10,374
Securities ............................ 8,769
Interest Bearing Balances ............. 1, 101
Total Deposits ...................... 19,960
No. Shares Authorized ................ 4,000
No. Shares Outstanding .............. 4,000

Preferred Stock ......................... -0Common Stock ........................ 100
Surplus ................................ 400
Undivided Profits ...................•. 1,114
Reserve for Loan Losses ................ 176
Total Equity Capital .................. 1,614
Subordinated Debt. .... , ............... ,-0-

DIRECTORS: Eugene Street, James M. Street, Clifton Crabtree, Samual Beller
*Designates Chief Executive Officer

AMERICAN STATE BANK
City: Charleston
Charter Number: 314
Telephone: 965-2201

Main & Logan Streets
P.O. Box 128
Franklin County
Zip Code: 72933
Population: 1,759
Charter Date: June 10, 1910
Branches: 1

Bank Holding Company Affiliate: American Bancshares of Arkansas, Inc.
CHAIRMAN & CEO: *JOE S. HIATT
PRESIDENT: MICHAEL F. FLYNN
VICE PRESIDENT: SHERMAN HIATT
VICE PRESIDENT: MARGIE HIATT

VICE PRESIDENT: CHARLES J. BROWN
AVP: ALICE K. WOOD
CASHIER: ANGELA HA YNES

Total Assets ........................ 32,426
Loans, Net .......................... 13,234
Securities ........................... 11,845
Interest Bearing Balances ............. 1,900
Total Deposits ...................... 27,170
No. Shares Authorized ............... 12,000
No. Shares Outstanding ............. 12,000

Preferred Stock ......................... -0Common Stock ........................ 300
Surplus .............................. 1,000
Undivided Profits ..................... 2,541
Reserve for Loan Losses ................ 102
Total Equity Capital .................. 3,841
Subordinated Debt. ..................... -0-

DIRECTORS: Joe S. Hiatt, Michael F. Flynn, Sherman Hiatt, Troy Clark, Harold W. Jones, Clyde L.
Hiatt, Joe Medlock, Joe Larkin, John McDonald
*Designates Chief Executive Officer

Seventy-Second Report

41

BANK OF CHERRY VALLEY
City: Cherry Valley
Charter Number: 228
Telephone: 588-3332

P.O. Box 188
Cross County
Zip Code: 72324
Population: 725
Charter Date: January 24, 1907
Branches: O
Bank Holding Company Affiliate: None

PRES. & CHAIRMAN: W. M. SMITH JR.
EXEC. VICE PRESIDENT: *W. M. SMITH Ill

VICE PRESIDENT: EMMETT MILAM
CASHIER: YVONNE LACE

Total Assets ........................ 18,858
Loans, Net ........................... 7,803
Securities ............................ 3,020
Interest Bearing Balances ............. 6,777
Total Deposits ...................... 17,111
No. Shares Authorized ................ 2,000
No. Shares Outstanding .............. 2,000

Preferred Stock ......................... -0Common Stock ........................ 100
Surplus .............................. 1,000
Undivided Profits ...................... 382
Reserve for Loan Losses ................ 212
Total Equity Capital .................. 1,482
Subordinated Debt ...................... -0-

DIRECTORS: W. M. Smith, Jr., W. M. Smith, Ill, Emmett Milam, Edward Maddox, H. H. Beasley
*Designates Chief Executive Officer

THE MERCHANTS AND PLANTERS BANK
City: Clarendon
Charter Number: 21
Telephone: 747-3319

297 Madison
P.O. Box 280
Monroe County
Zip Code: 72029
Population: 2,500
Charter Date: July 23, 1890
Branches: 0

Bank Holding Company Affiliate: Clarendon Holding Company
CHAIRMAN OF BOARD: JAMES B. SHARP
PRESIDENT: *J. PERRY LEE
CASHIER: ESTELLE CATLETT

ASST. CASHIER: BETTY SIMPSON
CORP. SEC.: RHETA GRIFFITH

Total Assets ........................ 19,934
Loans, Net .......................... .4,213
Securities ............................ 8,473
Interest Bearing Balances ............ .4,982
Total Deposits ...................... 17,995
No. Shares Authorized ................ 6,000
No. Shares Outstanding .............. 6,000

Preferred Stock ......................... -0Common Stock ........................ 150
Surplus ................................ 600
Undivided Profits ...................... 735
Reserve for Loan Losses ................. 43
Total Equity Capital .................. 1,485
Subordinated Debt. ..................... -0-

DIRECTORS: James B. Sharp, J. Perry Lee, Paul McKay, Rheta Griffith, Donald Davis, B. J.
Hopson
*Designates Chief Executive Officer

State of Arkansas:

42

Bank Department

ARKANSAS STATE BANK
City: Clarksville
Charter Number: 722
Telephone: 754-6325

Cravens & Sevier
P.O. Box 100
Johnson County
Zip Code: 72830
Population: 5,200
Charter Date: March 8, 1967
Branches: 3

Bank Holding Company Affiliate: Arkansas State Bankcorporatlon
CHAIRMAN: *JEFFERSON H. HANEY
PRESIDENT: W. M. SHARP

V.P. & CASHIER: BETTY CALLAHAN
VICE PRESIDENT: DONALD F. PERRY

Total Assets ........................ 50,865
Loans, Net .......................... 25,659
Securities ........................... 12,229
Interest Bearing Balances ...........•. 2,399
Total Deposits ..................... .45,948
No. Shares Authorized ........•...... 12,000
No. Shares Outstanding ............. 12,000

Preferred Stock ......................... -0Common Stock ........................ 120
Surplus ............. , ........ , ....... 1,880
Undivided Profits .... , ................ 2, 113
Reserve for Loan Losses ................ 335
Total Equity Capital . , ..... , . , ........ 4, 113
Subordinated Debt ...................... -0-

DIRECTORS: Jefferson H. Haney, Jim Dickerson, Jr., Armil Taylor, R. L Thompson, Harold T.
Whitson, H. E. Wharton, Guy P. Shrigley, Dane Riggs, Donald F. Perry, W. M. Sharp
.. Designates Chief Executive Officer

FARMERS BANK & TRUST COMPANY
City: Clarksville
Charter Number: 737
Telephone: 754-2020

214 West Main Street
P.O. Box 288
Johnson County
Zip Code: 72830
Population: 5,200
Charter Date: July 6, 1978
Branches: 2

Bank Holding Company Afflllate: Farmers Investment Corporation
CEO: *JOE A. WOODSON
PRESIDENT: ERNEST LEE WHITE
SR. VICE PRESIDENT: RONALD R. COLLINS
VICE PRESIDENT: MARY L. WARREN
CHAIRMAN: JAMES C. EAST

VICE
VICE
VICE
VICE

Total Assets ........... , .... , ....... 66,450
Loans, Net .......................... 46,696
Securities ..... , . , ................... 12,229
Interest Bearing Balances .............. 500
Total Deposits ...................... 60,286
No. Shares Authorized , , .... , ......... 5,495
No. Shares Outstanding .............. 5,495

Preferred Stock ......................... -0Common Stock .... , ................... 550
Surplus .............................. 2,000
Undivided Profits ..................... 1,763
Reserve for Loan Losses ............... .498
Total Equity Capital , ................. 4,313
Subordinated Debt ..................... 600

PRESIDENT:
PRESIDENT:
PRESIDENT:
PRESIDENT:

NINA MASON
HAROLD JOHNSON
REBECCA UPTON
ROBERT C. MAGEE

DIRECTORS: James C. East, Robert A. Hurley, J. E. Lewis, Robert C. Magee, Steven Morgan,
Dayne Phillips, Bill Porter, Ted Riley, J. T. White, Ernest Lee White, Joe A. Woodson
"Designates Chief Executive Officer

Seventy-Second Report

43

CLINTON STATE BANK
City: Clinton
Charter Number: 695
Telephone: 745-2441

202 S. Court
Van Buren County
P.O. Box 57
Population: 2,080
Zip Code: 72031
Charter Date: October 16, 1946
Branches: 4

Bank Holding Company Afllllate: Clinton Bancshares, Inc.
CHAIRMAN: JOHN L. JOHNSON
PRESIDENT & CEO: •DYKE JOHNSON
EXEC. VICE PRESIDENT: BUD McKNIGHT
SR. VICE PRESIDENT: JO SMITH
VICE PRESIDENT: CHARLES SMITH

VICE PRESIDENT: EILEEN SMILEY
VICE PRESIDENT & T.O.: ROBERT BARNUM
AVP: LAVELLE McKNIGHT
AVP: SHERRY STURDEVANT

Total Assets ........................ 66, 188
Loans, Net .......................... 26,396
Securities ........................... 17,207
Interest Bearing Balances ............ 13,099
Total Deposits ...................... 61,470
No. Shares Authorized ................ 4,000
No. Shares Outstanding .............. 4,000

Preferred Stock ......................... -0Common Stock ....................... .400
Surplus .............................. 2, 100
Undivided Profits ..................... 1,721
Reserve for Loan Losses ................ 507
Total Equity Capital ................. .4.221
Subordinated Debt ...................... -0-

DIRECTORS: Paul L. Bone, Jay W. Jackson, Dyke Johnson, John L. Johnson, Joe Lee, Roy Lefler,
Jr., Bud McKnight
*Designates Chief Executive Officer

FIRST STATE BANK AND TRUST COMPANY
City: Conway
Charter Number: 693
Telephone: 329-5656

Harkrider Place
Faulkner County
P.O. Box 729
Population: 23,800
Zip Code: 72032
Charter Date: May 18, 1946
Branches: 5

Bank Holding Company Affiliate: Worthen Banking Corporation
CEO & CHAIRMAN OF BOARD: *JAMES G.
WILLIAMSON, JR.
PRESIDENT: B. J. DAUGHERTY
EX. V.P. & CASH: THOMAS E. BENTLEY, JR.
SR. V.P. & T.O.: RICHARD P. CLARK, II

SR. VICE PRESIDENT: JOHN C. STANTON
VICE PRESIDENT: DON BONE
VICE PRESIDENT: JACK HUMPHREY
VICE PRESIDENT: JERRY REA
VICE PRESIDENT: ALVIN G. ROSS

Total Assets ....................... 155,108
Loans, Net ......................... 107,197
Securities ........................... 22,237
Interest Bearing Balances ............. 6,152
Total Deposits ..................... 142,483
No. Shares Authorized .............. 100,000
No. Shares Outstanding ............ 100,000

Preferred Stock ......................... -0Common Stock ...................... 1,000
Surplus .............................. 4,000
Undivided Profits ..................... 5,023
Reserve for Loan Losses .............. 1,741
Total Equity Capital ................. 10,023
Subordinated Debt ...................... -0-

DIRECTORS: Dr. Bob Banister, James H. Brewer, William M. Clark, B. J. Daugherty, Alphonse M.
Hiegel, J. W. McCracken, M. M. Satterfield, J. F. O'Kelley, Frank E. Robins, Ill, Earl F. Rogers,
Stanley Russ, James G. Williamson, Jr., Charles D. Morgan, Jr.
"'Designates Chief Executive Officer

44

State of Arkansas:

Bank Department

CORNING BANK
501 West Second Street
P.O. Box 439
Clay County
Zip Code: 72422
Population: 3,500
Charter Date: June 15, 1984
Branches: 2

City: Corning
Charter Number: 745
Telephone: 857-3592

Bank Holding Company Affiliate: First Paragould Bankshares, Inc.
CHAIRMAN: LARRY BREWER
VICE CHAIRMAN: G. L. LIEBLONG

PRESIDENT & CEO: *KELLY G. WRIGHT

Total Assets .....................•.. 36,596
Loans, Net ..............•........... 15,371
Securities ........................... 17.255
Interest Bearing Balances .............. 300
Total Deposits ...................... 33,329
No. Shares Authorized .............. 100,000
No. Shares Outstanding ............ 100.000

Preferred Stock ......................... -0Common Stock ........................ 100
Surplus .............................. 1,801
Undivided Profits ...................... 892
Reserve for Loan Losses ................ 125
Total Equity Capital .................. 2,793
Subordinated Debt ...................... -0-

DIRECTORS: Robert Bland, J. C. Cothren, Dr. Robert Fahr, J. R. Ford, Dr. G. A. Haynes, Roy
McSpadden, J. T. Meriwether, D. Pillow, A. B. Samuel, F. J. Schreit, Jr., Dr. J.M. Williams, Charles
Williamson
,..Designates Chief Executive Officer

FIRST STATE BANK
City: Crossett
Charter Number: 718
Telephone: 364-5131

123 Main Street
P.O. Box 638
Ashley County
Zip Code: 71635
Population: 6,700
Charter Date: May 13, 1963
Branches: 1

Bank Holding Company Affiliate: Evergreen Bancshares, Inc.

CHAIRMAN: RICHARD E. GRIFFIN
PRESIDENT & CEO: *JIMMY V. FINCHER

EXECUTIVE V.P.: Z. M. STELL
VICE PRESIDENT: DON WOODS

Total Assets ........................ 18,914
Loans, Net .................••........ 8,986
Securities ............................ 2,400
Interest Bearing Balances ............. 5,344
Total Deposits ...................... 16,947
No. Shares Authorized .............. 100,000
No. Shares Outstanding ............ 100,000

Preferred Stock ......................... -0Common Stock ...................... 1,000
~~lus ................................ ~
Undivided Profits ...................... 153
Reserve for Loan Losses ................ 165
Total Equity Capital .................. 1,533
Subordinated Debt. ..................... -0-

DIRECTORS: Charles Baxley, James S. Nolley, C. E. Ripley, H. A. Etheridge, Jr., Don R. Rodgers,
Z. M. Stell, Richard E. Griffin, Jimmy V. Fincher
*Designates Chief Executive Officer

Seventy-Second Report

45

DANVILLE STATE BANK
City: Danville
Charter Number: 615
Telephone: 495-2236

P.O. Box 609
Yell County
Zip Code: 72833
Population: 1,856
Charter Date: October 3, 1930
Branches: 0
Bank Holding Company Affiliate: None

PRESIDENT: *JOHN ED CHAMBERS. JR.
EX. SR. V.P.: JOHN ED CHAMBERS, Ill

SR. VICE PRESIDENT: EDWARD J. TAYLOR
V.P. & CASHIER: BOBBY E. RAMEY

Total Assets ........................ 70,730
Loans, Net .......................... 37,708
Securities ........................... 13,489
Interest Bearing Balances ............ 15,532
Total Deposits ...................... 63,075
No. Shares Authorized ............... 10,000
No. Shares Outstanding ............. 10,000

Preferred Stock ......................... -0Common Stock ........................ 250
Surplus .............................. 2,750
Undivided Profits ..................... 4, 157
Reserve for Loan Losses ................ 622
Total Equity Capital .......•........•. 7,157
Subordinated Debt. ..................... -0-

DIRECTORS: John Ed Chambers, Jr., John Ed Chambers, Ill, Mike Cornwell, Lloyd R. George,
Fay Mathis, Bobby Ramey, Todd Sanders, Charles Sloan, Edward J. Taylor
.. Designates Chief Executive Officer

ARKANSAS VALLEY BANK
City: Dardanelle
Charter Number: 714
Telephone: 229-2151

102 South Front Street
P.O. Box 330
Yell County
Zip Code: 72834
Population: 3,621
Charter Date: August 29, 1961
Branches: 1

Bank Holding Company Affiliate: Bankstock Two, Inc.
CHAIRMAN: CARL G. HOLT
CHIEF EX. OFF.: *GEORGE G. GLEASON, II
V. CHAIR/DEPUTY CEO: MICHAEL C.
CARTER
PRES./BANK SERVICES: MARK ROSS

PRES./MORTGAGE SER.: L. STEVEN ROSS
SR. V.P./LENDING: LARRY M. DICKS
V.P./OPERATIONS: JUDY ELLIOTT
CASHIER: DOROTHY GEIBE

Total Assets ........................ 33,224
Loans, Net .......................... 22,217
Securities ............................ 6,471
Interest Bearing Balances .............. 100
Total Deposits ...................... 29,538
No. Shares Authorized ............... 78,329
No. Shares Outstanding ............. 78,329

Preferred Stock ......................... -0Common Stock ....................... .783
Surplus .............................. 1,576
Undivided Profits ...................... 835
Reserve for Loan Losses ................ 273
Total Equity Capital .................. 3, 194
Subordinated Debt ..................... 250

DIRECTORS: Carl G. Holt, Dr. Gilroy S. Cornwell, Michael C. Carter, Larry, M. Dicks, George G.
Gleason, II, Rosemary D. Holt, Dr. Gene D. Ring, L. Steven Ross, Mark D. Ross, Rennae Sims,
William Thornsberry
"Designates Chief Executive Officer

State of Arkansas:

46

Bank Department

BANK OF DARDANELLE
102 No. Front Street
Yell County
P.O. Box 90
Zip Code: 72834
Population: 3,621
Charter Date: September 12, 1984
Branches: 1

City: Dardanelle
Charter Number: 668
Telephone: 229-3311

Bank Holding Company Affiliate: Bank of Dardanelle Bankshares, Inc.
PRESIDENT: •H. M. ORSBURN
VICE PRESIDENT: NOEL A. VANDOVER
VICE PRESIDENT: V. E. LAMBERT
VICE PRESIDENT: JERRY D. SADLER

CASHIER: JANELLE PARKER
ASST. VICE PRESIDENT: OPAL ADKISON
ASST. CASHIER: JANETTA JAY

Total Assets ....................... .48, 787
Loans, Net .......................... 17,542
Securities ........................... 16,532
Interest Bearing Balances ............. 8,626
Total Deposits ...................... 43,842
No. Shares Authorized .........•...... 8,000
No. Shares Outstanding .............. 8,000

Preferred Stock ......................... -0Common Stock ........................ 200
Surplus ................................ 825
Undivided Profits ..................... 3.448
Reserve for Loan Losses ................ 139
Total Equity Capital .................. 4,473
Subordinated Debt. ..................... -0-

DIRECTORS: L. R. Berryhill, Fanny B. George, John L. Hamilton, Evelyn Jones, H. M. Orsburn,
Noel A. Vandover, James W. Wallis
*Designates Chief Executive Officer

DECATUR STATE BANK
City: Decatur
Charter Number: 707
Telephone: 752-3281

Hwy. 59 S.
P.O. Box 38
Benton County
Zip Code: 72722
Population: 1,013
Charter Date: May 27, 1954
Branches: 1
Bank Holding Company Affiliate: None

CHAIRMAN OF BOARD: LLOYD PETERSON
PRESIDENT: *VERNON AUSTIN
V.P. & CASHIER: WANDA R. TORMEY

V.P. & BRANCH MGR.: PAUL C. GALYEAN
JR. VICE PRESIDENT: BILL MONTGOMERY
EXEC. SECRETARY: BRENDA SPRINKLES

Total Assets ........................ 28,788
Loans, Net .......................... 17,933
Securities ............................ 3,014
Interest Bearing Balances .............. 899
Total Deposits ...................... 26,063
No. Shares Authorized ................ 7,000
No. Shares Outstanding .............. 7,000

Preferred Stock ......................... -0Common Stock ........................ 350
Surplus ................................ 350
Undivided Profits ..................... 1,782
Reserve for Loan Losses ................ 439
Total Equity Capital .................. 2,482
Subordinated Debt. ..................... -0-

DIRECTORS: Lloyd Peterson, Vic Evans, Tom M. Edmiston, Dr. E. N. McCollum, Dorothy M.
Peterson, Richard E. Wilmoth, Vernon Austin, Paul Galyean
· □esignates

Chief Executive Officer

Seventy-Second Report

47

BANK OF DELIGHT
P.O. Box 68
Pike County
Zip Code: 71940

City: Delight
Charter Number: 342
Telephone: 379-2293

Population: 439
Charter Date: June 16, 1911
Branches:0

Bank Holding Company Affiliate: None
CHAIR. OF BOARD: CECIL E. JOHNSON, JR.
PRESIDENT: *OLEN HENDRIX
EXEC. V.P.: DARWIN HENDRIX
VICE PRESIDENT: GUS WINGFIELD

V.P. & CASHIER: EDNA JOHNSON
VICE PRESIDENT: JAN MITCHELL
VICE PRESIDENT: LARRY MAY
ASST. CASHIER: DEBORAH STONE

Total Assets ........................ 17,469
Loans, Net ........................... 6,887
Securities ..........•..•.............. 8,464
Interest Bearing Balances .............. 700
Total Deposits ...................... 15,231
No. Shares Authorized ................ 9,375
No. Shares Outstanding .............. 9,375

Preferred Stock ......................... -0Common Stock ........................ 234
Surplus .................•......•..... 1,000
Undivided Profits .....•................ 757
Reserve for Loan Losses , ................ 30
Total Equity Capital ............ ,, . ,, . 1,991
Subordinated Debt. ..•.•.......... , ..... -0-

DIRECTORS: Olen Hendrix, Buford Hendrix, Darwin Hendrix, Cecil E. Johnson Jr., Cecil E.
Johnson Ill, Ludis Rhodes, Alvis Stokes, Gus Wingfield, Clarence Anthony, Glen CampbellHonorary
"Designates Chief Executive Officer

FIRST STATE BANK OF DE QUEEN
City: DeQueen
Charter Number: 731
Telephone: 642-4423

Third & Heynecker
P.O. Box 970
Sevier County
Zip Code: 71832
Population: 4,500
Charter Date: August 26, 1974
Branches: 1
Bank Holding Company Affiliate: None

PRESIDENT: *ART MELSON
EX. VICE PRESIDENT: LYNN CHANEY
CASHIER: JEAN J. TOLLETT

ASST. V.P.: BARBARA KITCHENS
ASST. CASHIER: MARGARET FENTON

Total Assets , ....................... 18,167
Loans, Net .......................... 12,427
Securities ...................... , ..... 1,337
Interest Bearing Balances ....... , ..... 1,700
Total Deposits .. ,, .................. 16,722
No. Shares Authorized .............. 100,000
No. Shares Outstanding ............. 76,000

Preferred Stock ......................... -0Common Stock ........... , ............ 760
Surplus ................................ 100
Undivided Profits ................. , .... 430
Reserve for Loan Losses ................ 223
Total Equity Capital ... ,, ..... ,, ...... 1,290
Subordinated Debt ...........•.. , ....... 40

DIRECTORS: Art Melson, Dennis Smiley, Lou Gray, Bob Harris, Ronald Moore, Gary Bell, Don
Stemple, Coy Wiles
*Designates Chief Executive Officer

State of Arkansas:

48

Bank Department

DERMOTT STATE BANK
City: Dermott
Charter Number: 672
Telephone: 538-3266

103 E. Speedway
P.O. Drawer C
Chicot County
Zip Code: 71638
Population: 4,731
Charter: Date July 8, 1935
Branches: O
Bank Holding Company Affiliate: None

CHAIR. OF BOARD: JOHN M. BAXTER
PRESIDENT & CEO: *JAMES S. SUITT
SR. V.P. & T.O.: N. KEITH JOHNSON

VICE PRESIDENT: JUNE FARRELL
VICE PRESIDENT: FRANK HENRY
CASH. & ASST.V.P.: REBECCA JENKINS

Total Assets ........................ 18,258
Loans, Net ........................... 2,418
Securities ........................... 10, 186
Interest Bearing Balances ............. 3,694
Total Deposits ...................... 15,697
No. Shares Authorized ............... 18,000
No. Shares Outstanding ............. 18,000

Preferred Stock ......................... -0Common Stock .................... 450,000
Surplus ............................ 550,000
Undivided Profits ..................... 1,350
Reserve for Loan Losses ................. 76
Total Equity Capital .................. 2,426
Subordinated Debt. ..................... -0-

DIRECTORS: John M. Baxter, W. A. Baxter, James S. Suitt, Bernard Levi, Lawrence Levi, John M.
Arnn, Clarence Horton, Swan B. Moss, Jr., Frank Henry, Jr.
"Designates Chief Executive Officer

FIRST STATE BANK DERMOTT
City: Dermott
Charter Number: 732
Telephone: 538-3221

P.O. Drawer O
Chicot County
Zip Code: 71638
Population: 4,731
Charter Date: May 7, 1962
Branches: 0

Bank Holding Company Affiliate: First Delta Financial Corporation
PRESIDENT: *TOM H. GRUMBLES

EXEC. VICE PRESIDENT: MARY K. TUCKER

Total Assets ........................ 16,635
Loans, Net ........................... 6,642
Securities ............................ 6,479
Interest Bearing Balances ............. 1,699
Total Deposits ...................... 14,741
No. Shares Authorized ............... 18,750
No. Shares Outstanding .•........... 15,000

Preferred Stock ......................... -0Common Stock ........................ 150
Surplus ................................ 725
Undivided Profits ....... , .............. 662
Reserve for Loan Losses ................. 87
Total Equity Capital .................. 1,537
Subordinated Debt. ..................... -0-

DIRECTORS: Robert B. Gibson, Daniel C. Horton, Mary K. Tucker, Thomas H. Grumbles, Don C.
Scott, R. H. Dennington, Leonard L. Hampson, H. W. Thomas, M.D.
*Designates Chief Executive Officer

Seventy-Second Report

49

FARMERS AND MERCHANTS BANK
City: Des Arc
Charter Number: 84
Telephone:256-4191

110 S. Third
P.O. Box 369
Prairie County
Zip Code: 72040
Population: 2,100
Charter Date: January 20, 1902
Branches: 0

Bank Holding Company Affiliate: Security Bancshares Inc.
PRESIDENT: *SHEROD S. WHITE
VICE PRESIDENT: JAMES C. TIPTON
CASHIER: DORA M. HOLLOWAY
ASST. CASHIER: BETTY Y. HUNT

ASST. CASHIER: BETTY S. HOLLIS
ASST. CASHIER: CAROLYN KENNEDY
SEC. TO BOARD: FAY A. SMITH

Total Assets ........................ 28,883
Loans, Net ........................... 7,858
Securities ........................... 19,429
Interest Bearing Balances ............... -□Total Deposits ...................... 21,598
No. Shares Authorized ............... 78,819
No. Shares Outstanding ............. 78,819

Preferred Stock ......................... -□Common Stock ....................•... 788
Surplus .............................. 1,100
Undivided Profits ..................... 4,593
Reserve for Loan Losses .•.............. 162
Total Equity Capital .................. 6,481
Subordinated Debt. ..................... -0-

DIRECTORS: Sherod S. White, James Tipton, S. R. Nichols, Henry L. Nichols, R. L. Morton, G. P.
Mullen, George Ford, V. 0. Calhoun Jr., Donald Guess
"Designates Chief Executive Officer

DEWITT BANK & TRUST COMPANY
City: DeWitt
Charter Number: 605
Telephone: 946-3531

West Second at Jefferson
P.O. Drawer 71
Arkansas County
Zip Code: 72042
Population: 3,928
Charter Date: March 1, 1929
Branches: O

Bank Holding Company Affiliate: DBT Financial Corporation
CHAIR. OF BOARD: ELMER A. FERGUSON
VICE CHAIR. OF BOARD: JULIAN BROWN
PRESIDENT: *B. GENE STATON

SR. V.P. & CASHIER: T. F. HUDSON
EXEC. V. P.: ROBERTS. JACKSON
V.P. & SR. T.O.: FRANK ELLIS

Total Assets ........................ 56,336
Loans, Net .......................... 20,617
Securities ........................... 27,336
Interest Bearing Balances .•........... 3,100
Total Deposits .............•...•... .46, 739
No. Shares Authorized ............... 18,000
No. Shares Outstanding ............. 18,000

Preferred Stock ......................... -0Common Stock ....................•... 450
Surplus .............................. 3,050
Undivided Profits ..................... 5,488
Reserve for Loan Losses ................ 264
Total Equity Capital .................. 8,988
Subordinated Debt. ..................... -0-

DIRECTORS: W. H. Botts, Julian Brown, E. E. Denman, Ray D. Dickson, Elmer A. Ferguson, Geo
E. Pike, Wayne Hampton, Charles W. Rasco Ill, Nancy F. Rasco, 8. Gene Staton, Jack Whitmore
-!,Designates Chief Executive Officer

State of Arkansas:

50

Bank Department

BANK OF DOVER
City: Dover
Charter Number: 192
Telephone: 331-2121

323 Market
P.O. Box 334
Pope County
Zip Code: 72837
Population: 1,000
Charter Date: September 29, 1905
Branches: 2

Bank Holding Company Affiliate: Dover Bancshares, Inc.
PRESIDENT & CEO: •THOMAS ROFKAHR
CHAIRMAN OF BOARD: WARD J. RAMSAY
VICE PRESIDENT: PHILIP H. WORTHEN

V.P.-MARKETING: JOYCE CHURCHILL
ASST. V.P. & CASHIER: BETTYE WAIT

Total Assets ........................ 24,491
Loans, Net .......................... 14,227
Securities ............................ 4,588
Interest Bearing Balances ............. 2,001
Total Deposits ...................... 22,097
No. Shares Authorized ............... 16,000
No. Shares Outstanding .............. 9,200

Preferred Stock ......................... -0Common Stock ........................ 230
Surplus .............................. 1,025
Undivided Profits ...................... 961
Reserve lor Loan Losses ................ 187
Total Equity Capital .................. 2,216
Subordinated Debt. ..................... -0-

DIRECTORS: Thomas Rofkahr, Ward J. Ramsay, James K. Young, Truett Leavell, Delmer Boley,
Verlin Taylor
*Designates Chief Executive Officer

DUMAS STATE BANK
City: Dumas
Charter Number: 729
Telephone: 382-4204

Highway 65 & 165
P.O. Box 700
Desha County
Zip Code: 71639
Population: 6,091
Charter Date: January 11, 1974
Branches: O

Bank Holding Company Affiliate: Dumas Bancshares, Inc.
CHAIRMAN & PRES.: *JAMES R. HALL
VICE PRESIDENT: DENNIS H. FERGUSON
CASHIER: ANITA GRIMES

LOAN OFFICER: MARK OWEN
ASST. CASHIER: BERNESTINE HUSKEY

Total Assets ........................ 14,407
Loans, Net ........................... 8,543
Securities ............................ 3,753
Interest Bearing Balances .............. 200
Total Deposits ...................... 12,874
No. Shares Authorized ............... 30,000
No. Shares Outstanding ............. 30,000

Preferred Stock ......................... -0Common Stock ........................ 300
Surplus ............................... .700
Undivided Profits ...................... 377
Reserve for Loan Losses ................. 86
Total Equity Capital .................. 1,377
Subordinated Debt. ..................... -0-

DIRECTORS: James R. Hall, Merle F. Peterson, Bill West, M. E. McDonald, Howard R. Harris, A. 0.
French Jr., L David Stubbs, Herman Vickers, Bill Teeter, Dorothy Moore
*Designates Chief Executive Officer

Seventy-Second Report

51

MERCHANTS AND FARMERS BANK
City: Dumas
Charter Number: 278
Telephone: 382-4311

P.O. Drawer D
Desha County
Zip Code: 71639

Population: 6,091
Charter: Date May 9, 1909
Branches: 1

Bank Holding Company Affiliate: M & F Financial Corporation
PRESIDENT & CEO: •c. T. FRANK
EXEC. V.P. & CASHIER: DAVID J. GARRETT

SR. V.P.: LORAL M. ADCOCK
V.P. & T.O.: J. MICHAEL JONES

Total Assets ........................ 44,006
Loans, Net .......................... 22,919
Securities ........................... 11,530
Interest Bearing Balances .............. 700
Total Deposits ...................... 38,234
No. Shares Authorized ............... 40,000
No. Shares Outstanding ............. 40,000

Preferred Stock .............•........... -0Common Stock .................•.... 1,000
Surplus .............................. 1,000
Undivided Profits ..................... 3,295
Reserve for Loan Losses ................ 161
Total Equity Capital .................. 5,295
Subordinated Debt. ..................... -0-

DIRECTORS: Loral M. Adcock; J. E. Allmon, Jr., Charles H. Dante, Claud T. Frank, Edgar C.
Gannaway, Marion S. Gill, Harold L. Jones, Clifton L. Meador, David 0. Porter Ill, Thomas F. Shea
*Designates Chief Executive Officer

EARLE STATE BANK
City: Earle
Charter Number: 696
Telephone: 792-8613

801 Commerce Street
P.O. Box 248
Crittenden County
Zip Code: 72331
Population: 4,000
Charter Date: April 24, 1947
Branches: 1

Bank Holding Company Affiliate: Earle Bankshares, Inc.
PRESIDENT: *J. E. BROOKS
VICE PRESIDENT: JOHN ED GREGSON

V.P, & MGR. CRAWFORDWSVILLE BR.:
CHRIS M. LEHMAN
V.P. & CASHIER: MARY E. DAVIS

Total Assets ........................ 27,952
Loans, Net .......................... 13,216
Securities ............................ 8,383
Interest Bearing Balances .............. 100
Total Deposits ...................... 23,732
No. Shares Authorized .............. 100,000
No. Shares Outstanding ............ 100,000

Preferred Stock ......................... -0Common Stock ...................... 1,000
Surplus .............................. 2,000
Undivided Profits ..................... 1,014
Reserve for Loan Losses ................ 143
Total Equity Capital •................ .4,014
Subordinated Debt ...................... -0-

DIRECTORS: J. E. Brooks, James H. Taylor, Jr., J. W. Young, Jr., John T. Morrison, C. E.
Morrison, Jr., W. Price Morrison, W. P. Morrison, Joe M. Morrison, David S. Wallace
*Designates Chief Executive Officer

State of Arkansas:

52

Bank Department

THE DELTA STATE BANK
City: Elaine
Charter Number: 697
Telephone: 827-3397

Main Street
Phillips County
P.O. Box 295
Population: 921
Zip Code: 72333
Charter Date: December 30, 1947
Branches: O

Bank Holding Company Affiliate: None
PRES & CASHIER: *MARY LOUISE
DEMORET FISER

SECRETARY: LAMAR MARKS

Total Assets •......................... 2,699
Loans, Net. ............................ 481
Securities ............................. 464
Interest Bearing Balances .............. 100
Total Deposits ....................... 1,681
No. Shares Authorized ................ 1,600
No. Shares Outstanding .............. 1,600

Preferred Stock ......................... -0Common Stock ......................... 40
Surplus ................................. 80
Undivided Profits ...................... 898
Reserve for Loan Losses .................. 4
Total Equity Capital .................. 1,018
Subordinated Debt. ..................... -0-

DIRECTORS: Mary Louise Demore! Fiser, Lamar Marks, Esley Johnson, Sr.
"Designates Chief Executive Officer

THE EXCHANGE BANK & TRUST COMPANY
City: El Dorado
Charter Number: 658
Telephone: 862-6683

214 North Washington
Union County
P.O. Box 641
Population: 26,000
Zip Code: 71731
Charter Date: August 12, 1933
Bran;:;hes: 2

Bank Holdlng Company Affiliate: Exchange Bancshares, Inc.
PRES. & CEO: *J. THOMAS MAY
SR. V.P.: STEVE LEVERETTE

SR. V.P.: TANDY MENEFEE
SR. V.P.: GLENN RAMBIN

Total Assets ........................ 90,443
Loans, Net ....................•..... 49,694
Securities ........................... 22,938
Interest Bearing Balances ............. 4,737
Total Deposits ...................... 79,745
No. Shares Authorized ............... 40,000
No. Shares Outstanding ............ .40,000

Preferred Stock ......................... -0Common Stock ...................... 1,000
Surplus .............................. 1,000
Undivided Profits ..................... 5,011
Reserve for Loan Losses ............ 618,000
Total Equity Capital .................. 7,011
Subordinated Debt ..................... 500

DIRECTORS: Bruce Anthony, James Garison, George Haefner, Edward Hurley, D. R. James, Jr.,
Rodney Landes, J. Thomas May, B. G. McGuire, John R. Meadows, John L. Solomon, Charles
Thomas, Dr. John Williamson, Jerry Young
.. Designates Chief Executive Officer

Seventy-Second Report

53

BANK OF ELKINS
City: Elkins
Charter Number: 377
Telephone: 643-2131

Hwy. 16, Main Street
P.O. Box 333
Washington County
Zip Code: 72727
Population: 600
Charter Date: June 1, 1912
Branches: 1

Bank Holding Company Affiliate: Community Investment, Inc.
PRES. & CEO: *JOEL L. BUNCH
EX. V.P. & CASHIER: JOYCE R. BUNCH
EX. V.P.: DOUGLAS L. JACKSON

VICE PRESIDENT: RANDALL D. HARPER
ASST. CASHIER: MARGIE R. EATON
AUDITOR, FAYE PAYTON

Total Assets ........................ 19,180
Loans. Net .......................... 12,918
Securities ............................ 3,461
Interest Bearing Balances .............. 300
Total Deposits ...................... 17,586
No. Shares Authorized ............... 12,500
No. Shares Outstanding ..........•.. 10,000

Preferred Stock ......................... -0Common Stock .......•................ 250
Surplus ....•.•.......................•• 591
Undivided Profits ..................•... 664
Reserve for Loan Losses ................ 160
Total Equity Capital .................. 1,505
Subordinated Debt. ..........•.......... -0-

DIRECTORS: Joel L. Bunch, Joyce R. Bunch, Sarah L. Bunch, David R. Malone

*Designates Chief Executive Officer

BANK OF ENGLAND
City: England
Charter Number: 48
Telephone: 842-2555

123 S. Main
P.O. Box 70
Lonoke County
Zip Code: 72046
Population: 3,081
Charter Date: August 8, 1898
Branches: O
Bank Holding Company Affiliate: None

PRESIDENT: *SETH BOLES, JR.
CASHIER: OTHA E. FRIZZELL

ASST. CASHIER: GARY R. CANADA, SR.

Total Assets ........................ 13,681
Loans, Net ........................... 4,261
Securities ............................ 5,449
Interest Bearing Balances .............. 800
Total Deposits ...................... 11,646
No. Shares Authorized ............... 10,000
No. Shares Outstanding ............. 10,000

Preferred Stock ......................... -0Common Stock ........................ 100
Surplus ................................ 750
Undivided Profits ..................... 1,092
Reserve for Loan Losses ................ 123
Total Equity Capital ..•.•............. 1,942
Subordinated Debt. ..................... -0-

DIRECTORS: Otha E. Frizzell, Gary R. Canada, Sr., Seth Boles, Jr., Thomas 0. Murchison, Sr.

*Designates Chief Executive Officer

State of Arkansas:

54

Bank Department

THE CITIZENS BANK
City: England
Charter Number: 633
Telephone: 842-2541

P.O. Box 190
Lonoke County
Zip Code: 72046
Population: 3,081
Charter Date: January 14, 1931
Branches: 0
Bank Holding Company Afflllate: None

PRESIDENT & CEO: *KAYE L. WOOD
V.P.& CASHIER: SHEILA C. RICE

ASST. V.P. & L.O.: BOBBY D.
MONTGOMERY

Total Assets ........................ 20,052
Loans, Net ........................... 7,408
Securities ........................... 10,067
Interest Bearing Balances .............. 950
Total Deposits ...................... 17,267
No. Shares Authorized ................ 9,600
No. Shares Outstanding .............. 9,600

Preferred Stock ......................... -0Common Stock ........................ 240
Surplus .............................. 1, 160
Undivided Profits ..................... 1,305
Reserve for Loan Losses ................. 74
Total Equity Capital .................. 2,705
Subordinated Debt. ..................... -0-

DIRECTORS: Kaye L. Wood, John W. Gann, Pauline Leonard, Dorothy C. Morey, Sheila C. Rice,
Bobby D. Montgomery. D. B. Morgan, Jr.
"Designates Chief Executive Officer

THE EUDORA BANK
City: Eudora
Charter Number: 629
Telephone: 355-8311

111 N. Main
P.O. Box L
Chicot County
Zip Code: 71640
Population: 3,600
Charter Date: December 23, 1930
Branches: O

Bank Holding Company Affiliate: Della Bancshares, Inc.
EXEC. V.P.: *GENE KEITH
CASHIER: CLAUDENE STEPHENS
ASST. V.P.: MARY RUTH KELLER

ASST. V.P.: JEAN CONNELL
ASST. CASHIER: JOYCE 8. SMITH
ASST. CASHIER: CHARLOTTE ROSSON

Total Assets ........................ 22,886
Loans, Net .......................... 11,040
Securities ............................ 4,901
Interest Bearing Balances ............. 3,549
Total Deposits ...................... 20,483
No. Shares Authorized ............... 14,000
No. Shares Outstanding ............. 14,000

Preferred Stock ......................... -0Common Stock ........................ 350
Surplus .............................. 1,400
Undivided Profits ...................... 509
Reserve for Loan Losses ................ 184
Total Equity Capital .................. 2,259
Subordinated Debt. ..................... -0-

DIRECTORS: W. K. Grubbs, Charles Poole, Earl E. Verser, Jr.• Alvin Meyer, Jr.• W.R. Selman, W. J.
Weaver
•oesignates Chief Executive Officer

Seventy-Second Report

55

BANK OF EUREKA SPRINGS
City: Eureka Springs
Charter Number: 374
Telephone: 253-8241

P.O. Box 309
Carroll County
Zip Code: 72632

Population: 1,989
Charter Date: May 4, 1912
Branches: 2

Bank Holding Company Affiliate: None
CHAIR./PRES.: *JOHN F. CROSS
SR. V.P.: JACK E. TUTTLE
VICE PRESIDENT: RICHARD G. KELLEY, JR.

VICE PRESIDENT: W. KING GLADDEN
CASHIER: REBA L. PYATT

Total Assets ........................ 33,356
Loans, Net .......................... 22,238
Securities ............................ 4.981
Interest Bearing Balances ............. 1,594
Total Deposits ...................... 29, 193
No. Shares Authorized ............... .4,000
No. Shares Outstanding .............. 4,000

Preferred Stock ......................... -0Common Stock ..............•......... 400
Surplus ..........................•... 1,600
Undivided Profits ..................... 1,727
Reserve for Loan Losses ........•..••.•. 124
Total Equity Capital .................. 3,727
Subordinated Debt. ..................... -0-

DIRECTORS: John F. Cross, Ruth Cross, Claud Cross, James D. Bird, Lewis E. Epley, Jr., Dorothy
F. Mathews, Eagle Thomas, Loren L. Clark, A. J. Clark, Wayne Johnson, Michael Mathews
*Designates Chief Executive Officer

BANK OF EVENING SHADE
City: Evening Shade
Charter Number: 69
Telephone: 266-3215

Hwy 167 South
P.O. Box 98
Sharp County
Zip Code: 72532
Population: 394
Charter Date: February 6, 1901
Branches: O

Bank Holding Company Affiliate: Sharp Bancshares, Inc.
CHAIRMAN: JAMES M. STREET
PRESIDENT-CEO: *A. L. HOANEY

V.P.-CASHIER: SHARON K. QUALLS

Total Assets .......................... 8,073
Loans, Net ........................... 3,487
Securities ............................ 2,609
Interest Bearing Balances .............. 998
Total Deposits .................•..... 7,267
No. Shares Authorized ....•........... 6,200
No. Shares Outstanding .............. 6,200

Preferred Stock ......................... -0Common Stock ........................ 155
Surplus ................................ 275
Undivided Profits ...................... 324
Reserve for Loan Losses ................. 37
Total Equity Capital .................... 754
Subordinated Debi. ..................... -0-

DIRECTORS: Samuel F. Beller, Clifton Crabtree, A. L. Hoaney, Eugene Street, James E. Street,
James M. Street
.. Designates Chief Executive Officer

56

State of Arkansas:

Bank Department

MclLROY BANK &TRUST
City: Fayetteville
Charter Number: 31
Telephone: 575-1000

One Mcilroy Plaza
P.O. Box 1327
Washington County
Zip Code: 72702
Population: 40,000
Charter Date: December 24, 1892
Branches: 5
Bank Holding Company Afflllate: None

PRESIDENT-CEO: *BURTON E. STACY
EXEC. V.P.: JAMES C. GLENN

SR. V.P.: J. T. McDONALD
SR. V.P.: BRUCE LOFTIN

Total Assets ....................... 143,346
Loans, Net .......................... 80,007
Securities ........................... 32,920
Interest Bearing Balances ............. 3,636
Total Deposits ..................... 132,735
No. Shares Authorized .............. 204,448
No. Shares Outstanding ............ 204,448

Preferred Stock ......................... -0Common Stock ...................... 5,111
Surplus .............................. 1.407
Undivided Profits ................... (2,072)
Reserve for Loan Losses .............. 5,812
Total Equity Capital ................. .4,446
Subordinated Debt ................... 1,500

DIRECTORS: F. H. Martin, James D. Mashburn, Burton E. Stacy, James Stewart, Jim Bob
Wheeler, J. Frank Broyles, Carl Collier, Millard Goff, James C. Glenn, Ann Henry, Alice L. Walton,
Jim C. Walton
"'Designates Chief Executive Officer

FORDYCEBANK&TRUSTCOMPANY
City: Fordyce
Charter Number: 631
Telephone: 352-3107

200 West Fourth
P.O. Box 352
Dallas County
Zip Code: 71742
Population: 5,175
Charter Date: January 5, 1931
Branches: 1

Bank Holding Company Affiliate: FBT Bancshares, Inc.
PRES. & CEO: *CURTIS HUTCHINS
SR. VICE PRESIDENT: KATY GRAVES

V.P. & CASHIER: SUZETTE CRUTCHFIELD
VICE PRESIDENT: JAMES V. HULSE

Total Assets ........................ 37,500
Loans, Net .......................... 14,368
Securities ........................... 16,427
Interest Bearing Balances .............. 500
Total Deposits ...................... 32,547
No. Shares Authorized ...............• 8,000
No. Shares Outstanding .............. 8,000

Preferred Stock ......................... -0Common Stock ........................ 200
Surplus .............................. 1,600
Undivided Profits ..................... 2,526
Reserve for Loan Losses ................ 116
Total Equity Capital .................. 4,326
Subordinated Debt. ..................... -0-

DIRECTORS: J. H. Everett, L. Weems Trussell, J. W. Hearnsberger, J. Graydon Parham, E. C.
Benton, Jr., Curtis Hutchins, D. J. Barnes, Sarah Kathryn Benton
•oesignates Chief Executive Officer

Seventy-Second Report

57

PLANTERS BANK AND TRUST COMPANY
City: Forrest City
Charter Number: 527
Telephone: 633-2833

321 N. Rosser Street
P.O. Box 1539
St. Francis County
Zip Code: 72335
Population: 18,000
Charter Date: April 15, 1921
Branches: 3
Bank Holding Company Affiliate: None

CEO: *FRANKIE PRATT
PRESIDENT: JOYCE L. CLARK
SR. VICE PRESIDENT: WADE HAWKINS

VICE PRESIDENT: STEVE HORTON
VICE PRESIDENT: DAVID HARDKE
V.P. & CASHIER: DIANE THOMASON

Total Assets ........................ 52.803
Loans, Net .......................... 24,379
Securities ........................... 11,042
Interest Bearing Balances ............. 1.300
Total Deposits ..................... .48,016
No. Shares Authorized ............... 24,000
No. Shares Outstanding ............. 24,000

Preferred Stock ........................ , -0Common Stock ........................ 600
Surplus .............................. 2,900
Undivided Profits ...................... 848
Reserve for Loan Losses ................ 699
Total Equity Capital .................. 4,348
Subordinated Debt. .•................... -0-

DIRECTORS: John V. Casbeer, J. R. Chappell, Jr. 0. J. Gandy, Jr., J.C. George, J. R. Grobmyer,
C. Don Edmondson, Frankie Pratt, Joyce L. Clark, R. B. Twist, Oral Edwards, Michael Cissell
~Designates Chief Executive Officer

PLANTERS & MERCHANTS BANK
City: Gillett
Charter Number: 721
Telephone: 548-2211

320 Main
P.O. Box 538
Arkansas County
Zip Code: 72055
Population: 927
Charter Date: January 13, 1967
Branches: 0
Bank Holding Company Afflllale: None

PRES./CEO & T.O.: *LARRY E. BAUER
CASHIER: ALICE PERRITT
ASST. V.P.: LLOYD WALLACE
ASST. CASHIER: CAROLYN SULLIVAN

CHAIRMAN OF BOARD: KENETH SMITH
VICE CHAIRMAN: FRANK C. WOLFE
SEC. OF BOARD: DARRELL NICHOLS

Total Assets ........................ 12,096
Loans, Net ........................... 8,920
Securities ............................ 1,800
Interest Bearing Balances .............. 300
Total Deposits ...................•.. 10,640
No. Shares Authorized ............... 12,000
No. Shares Outstanding ............. 12,000

Preferred Stock .............•........... -0Common Stock ........................ 150
Surplus ..............•................. 700
Undivided Profits ...................... 401
Reserve for Loan Losses ................. 93
Total Equity Capital .................. 1,251
Subordinated Debt. ..................... -0-

DIRECTORS: Keneth Smith, Frank C. Wolfe, Darrell Nichols, Muri Long, W. P. Hackney, Bobby
Turner, Scott Place, Larry Bauer
"Designates Chief Executive Officer

State of Arkansas:

58

Bank Department

THE BANK OF GLENWOOD
Broadway and Pullman
Pike County
P.O. Box O
Population: 1,402
Zip Code: 71943
Charter Date: December 27, 1912
Branches: 1

City: Glenwood
Charter Number: 398
Telephone: 356-2121

Bank Holding Company Affiliate: None
PRESIDENT: *VICTOR H. COX
CHAIRMAN Of BOARD: IRVIN C. BAINUM
CASHIER: PATRICIA OWENS

VICE PRESIDENT: LYNDA ROBBINS
ASST. V.P.: KATHRYN BAXTER

Total Assets .................•...... 22,131
Loans, Net .......................... 12,386
Securities ....•....................... 3,981
Interest Bearing Balances ...........•. 3,831
Total Deposits ...................... 20,224
No. Shares Authorized ............... .4,000
No. Shares Outstanding ............. .4,000

Preferred Stock ......................... -0Common Stock ........................ 100
Surplus ................................ 650
Undivided Profits ......•.•............. 887
Reserve for Loan Losses ................ 224
Total Equity Capital .................. 1,637
Subordinated Debt. ..................... -0-

DIRECTORS: Irvin C. Bainum, Mark Bainum, Victor H. Cox, Richard L. Cox, Roy A. Wisener
*Designates Chief Executive Officer

FIRST STATE BANK
City: Gould
Charter Number: 719
Telephone: 263-4325

340 S. Main Street
Lincoln County
P.O. Box A
Population: 1,671
Zip Code: 71643
Charter Date: January 6, 1964
Branches: 1

Bank Holding Company Affiliate: Gould Bancshares, Inc.
PRES. & CEO: *HAROLD H. REID
SR. V.P. & CASHIER: MARYL. NOLAN
EXEC. V.P.: ERNEST C. BRADSHAW

FIRST V.P.: W. J. BOREN
VICE PRESIDENT: WANDA J. ROBERTSON
ASST. V.P.: DEBBYE L. BRADLEY

Total Assets ........................ 12,857
Loans, Net ........................... 8,522
Securities ............................ 1,275
Interest Bearing Balances ......•....... 399
Total Deposits ...................... 10,958
No. Shares Authorized ....•••....•..• 20,000
No. Shares Outstanding ......•...... 20,000

Preferred Stock ......................... -0Common Stock .................•...... 200
Surplus .............................. 1,000
Undivided Profits ...................... 503
Reserve for Loan Losses .......•......... 82
Total Equity Capital ..........•....... 1,703
Subordinated Debt. ..................... -0-

DIRECTORS: W. J. Boren, Donald L. Eifling, T. M. Fish, L. E. Branson, Jr., Victor Holthoff, Kenneth
Johnson, W. H. Carder, Sr., R. C. Johnson, R. W. Jones, Harold H. Reid
*Designates Chief Executive Officer

Seventy-Second Report

59

BANK OF GRAVETT
City: Gravette
Charter Number: 46
Telephone: 787-5251

Main & 3rd Streets
P.O. Box 160
Benton County
Zip Code: 72736
Population: 1,154
Charter Date: March 2, 1898
Branches: 0

Bank Holding Company Affiliate: None
PRESIDENT: *JOHN R. MEADE
EXEC. V.P.: DAVID N. WILLS
VICE PRESIDENT: Wm. R. MEADE

CASHIER: LARRY WILMOTH
ASST. CASHIER: MARGARET PEARSON
ASST. CASHIER: VIRGINIA GIBSON

Total Assets ........................ 48,456
Loans, Net .......................... 23.293
Securities ........................... 19,221
Interest Bearing Balances .............. 200
Total Deposits ...................... 41,741
No. Shares Authorized ................ 4,000
No. Shares Outstanding ............. .4,000

Preferred Stock ......................... -0Common Stock ........................ 100
Surplus .......•........................ 900
Undivided Profits ..................... 4,667
Reserve for Loan Losses ..........•..... 137
Total Equity Capital .................. 5,667
Subordinated Debt. ..................... -0-

DIRECTORS: John R. Meade, David N. Wills, Wm. R. Meade, Albert P. Dunagin, Phillip Chastain,
Jim A. Edmondson, George Haley, George Cowgur
*Designates Chief Executive Officer

FARMERS BANK
City: Greenwood
Charter Number: 243
Telephone: 996-4171

P.O. Box 610
Sebastian County
Zip Code: 72936
Population: 3,500
Charter Date: August 7, 1907
Branches: 3

Bank Holding Company Affiliate: None
CHAIRMAN: MEANS WILKINSON
PRES. & CEO: *BETTY WILKINSON
EX. V.P. & CASHIER: AUTHUR E. MELSON

VICE PRESIDENT: STANHOPE WILKINSON
VICE PRESIDENT: EDWARD WILKINSON

Total Assets ....................... .46.398
Loans, Net .......................... 20.092
Securities ........................... 18,786
Interest Bearing Balances ............. 1.500
Total Deposits ...................... 40,740
No. Shares Authorized ................ 7,500
No. Shares Outstanding .............. 7,500

Preferred Stock .......•................. -0Common Stock ........................ 300
Surplus .............................. 2,000
Undivided Profits ..................... 2.840
Reserve for Loan Losses ................ 151
Total Equity Capital ...............•.. 5,140
Subordinated Debt. ..................... -0-

DIRECTORS: Means Wilkinson, Betty Wilkinson, Arthur E. Melson, Stanhope Wilkinson, Edward
Wilkinson, Kenneth Sanders, Bronson Andrews
*Designates Chief Executive Officer

60

State of Arkansas:

Bank Department

THE FIRST BANK
P.O. Box 55
White County
Zip Code: 72060
Population: 245
Charter Date: November 6, 1905
Branches: O

City: Griffithville
Charter Number: 194
Telephone: 323-4511

Bank Holding Company Affiliate: None

PRESIDENT: E. 0. YANCEY
EXEC. V.P.: E. D. YANCEY

V.P. & CASHIER: *JOYCE D. STRAUGHN

Total Assets ......................... .4,459
Loans, Net. ............................ 501
Securities •........................... 3,324
Interest Bearing Balances ............... -0Total Deposits .........•..•.......... 3,723
No. Shares Authorized ................ 2,000
No. Shares Outstanding ......•....... 2,000

Preferred Stock ......................... -0Common Stock ...........•............. 50
Surplus ................................ 125
Undivided Profits ...................... 508
Reserve for Loan Losses .................. 7
Total Equity Capital .................... 683
Subordinated Debt ...................... -0-

DIRECTORS: E. 0. Yancey, M. 0. Thompson, E. D. Yancey, Jim Tarkington
..,Designates Chief Executive Officer

CLARK COUNTY BANK
City: Gurdon
Charter Number: 61
Telephone: 353-2534

105 Main Street
Clark County
P.O. Box 446
Zip Code: 71743
Population: 2,500
Charter Date: August 4, 1900
Branches: 1
Bank Holding Company Affiliate: None

CHAIR. OF BOARD: C. LOUIS CABE
PRESIDENT: PAUL BARRINGER

EVP & CEO: *CARROLL COSTON
V.P.: LINDA BITTLE

Total Assets ........................ 13,200
Loans, Net ........................... 5,569
Securities ............................ 3.008
Interest Bearing Balances ............. 2,700
Total Deposits ...................... 11,680
No. Shares Authorized •..........•.. 140,000
No. Shares Outstanding ............ 140,000

Preferred Stock ......................... -0Common Stock ...................... 1,400
Surplus ................................ 550
Undivided Profits ................... (1,497)
Reserve for Loan Losses ................ 163
Total Equity Capital .................... 453
Subordinated Debt. ..................... -0-

DIRECTORS: Paul Barringer, Austin Capps. C. Louis Cabe, Al Brown, John Jackson. Dick
Jackson, Maurice Stricklin, Autrey Horne, Jimmy Robbs, Carroll Coston
*Designates Chief Executive Officer

Seventy-Second Report

61

FARMERS BANK
City: Hamburg
Charter Number: 680
Telephone: 853-5222

210 N. Main
P.O. Box 350
Ashley County
Zip Code: 71646
Population: 3,396
Charter Date: April 14, 1941
Branches: O
Bank Holding Company Affiliate: None

PRESIDENT: *GUY HUMPHRIES
EX. V.P.: GORDON S. PRICE, SR.
V.P.: VELMA J. FARMER
V.P.: BILL WHITE

CASHIER: ALLEN FARMER
ASST. CASHIER: JETTIE MAE ATKINS
ASST. CASHIER: JOANN ROBERTS

Total Assets ........................ 24.336
Loans. Net .......................... 12,508
Securities ............................ 2,057
Interest Bearing Balances ............. 7,183
Total Deposits ...................... 22,206
No. Shares Authorized ............... 30,000
No. Shares Outstanding ............. 22,260

Preferred Stock ......................... -0Common Stock ........................ 557
Surplus ................................ 796
Undivided Profits ...................... 304
Reserve for Loan Losses ................ 199
Total Equity Capital .................. 1,657
Subordinated Debt. ..•.................. -0-

DIRECTORS: Fred Blanks, P. E. Barnes, Joe Foote, W. E. Foote, Guy Humphries, William E.
Johnson, Gordon S. Price, Sr., Jack Shell, John W. Spivey, Earl J. Scott
""Designates Chief Executive Officer

CALHOUN COUNTY BANK
City: Hampton
Charter Number: 220
Telephone: 798-2207

P.O. Box 8
Calhoun County
Zip Code: 71744
Population: 1,627
Charter Date: October 26, 1906
Branches: 0
Bank Holding Company Affiliate: None

CHAIR. & CEO: *SEARCY HARRELL, SR.
V. CHAIR. OF BOARD: SEARCY HARRELL,
JR.
PRESIDENT: B. DICKSON NEAL

EX. V.P. & SR. L.O.: BILLY G. WRIGHT
VICE PRES.: LEN HARRELL

Total Assets ........................ 23.928
Loans. Net ........................... 9,835
Securities .............•............. 10.692
Interest Bearing Balances ............. 1.497
Total Deposits ...................... 21,082
No. Shares Authorized •..........•... .4,000
No. Shares Outstanding .............. 4,000

Preferred Stock ......................... -0Common Stock .......................• 100
Surplus ................................ 900
Undivided Profits ..................... 1,601
Reserve for Loan Losses ........•....... 201
Total Equity Capital ..........•....... 2,601
Subordinated Debt. ...•.......•..•.....• -0-

DIRECTORS: Hubert J. Brown, Phillip J. Foster, Fay Harrell, Len Harrell, Searcy Harrell. Jr..
Search Harrell, Sr., B. Dickson Neal. D. W. Wells, H. M. Welsh. Billy G. Wright
*Designates Chief Executive Officer

State of Arkansas:

62

Bank Department

THE BANK OF HARRISBURG
City: Harrisburg
Charter Number: 620
Telephone: 578-2472

201 E. Jackson
P.O. Box 17
Poinsett County
Zip Code: 72432
Population: 1,963
Charter Date: December 12, 1930
Branches: 1

Bank Holding Company Alflllate: Lake Hamilton Enterprises, Inc.
PRESIDENT: •JERRY DYER
EX. V.P.: JAMES WILLIAMS
CASHIER: DONALD BRITNELL

ASST. CASHIER: EVELYN WILLIAMS
OPERATIONS OFF.: WANDA SCOTT
ASST. CASHIER: BOBBIE DILL

Total Assets .....•.................. 29,128
Loans, Net .......................... 14,761
Securities ........................... .4,466
Interest Bearing Balances .............. 800
Total Deposits ....................•. 26,916
No. Shares Authorized ................ 4,000
No. Shares Outstanding .............. 4,000

Preferred Stock ......................... -0Common Stock ........................ 100
Surplus .............................. 2,900
Undivided Profits ................... (1,091)
Reserve for Loan Losses ................ 554
Total Equity Capital .................. 1,909
Subordinated Debt. ..................... -0-

DIRECTORS: Jim Tom Butler, Jerry Dyer, James Williams, Anna M. Butler, Patricia Butler,
Elizabeth Eaton, Paul Eaton, Connie Butler, Harold Majors
'"Designates Chief Executive Officer

THE SECURITY BANK
City: Harrison
Charter Number: 647
Telephone: 741-8200

303 N. Vine
P.O. Box 1078
Boone County
Zip Code: 72601
Population: 9,500
Charter Date: November 20, 1931
Branches: 3

Bank Holdlng Company Affiliate: First Security Corporation
CHAIR. OF BOARD: L. E. DURAND
PRES. & CEO: •WAYNE CLARK
SR. V.P.: JOHN THORNTON
VICE PRESIDENT: DOLORES LAFFERTY
VICE PRESIDENT: JERRY McFARLAND

VICE
VICE
VICE
VICE

Total Assets ....................... 107 ,528
Loans, Net .......................... 60,542
Securities ........................... 31,384
Interest Bearing Balances ............. 2,688
Total Deposits ...................... 98,467
No. Shares Authorized .............• 180,000
No. Shares Outstanding ............ 180,000

Preierred Stock ......................... -0Common Stock ...................... 1,800
Surplus .............................. 3,200
Undivided Profits ..................... 2,374
Reserve for Loan Losses ................ 896
Total Equity Capital ................. .7,374
Subordinated Debt. ..................... -0-

PRESIDENT: RICHARD McBEE
PRESIDENT: SUE McELROY
PRESIDENT: JAMES MARSHALL
PRESIDENT: JOHN R. EOFF

DIRECTORS: Dr. Ralph Bowers, John 0. Campbell, David A. Carr, Wayne Clark, L. E. Durand,
Sheridan Garrison, Richard R. Hudson, Junior Lee, Uvaide A. Lindsey, Jerry P. Marland, Miller J.
Mathews, Jr., H. K. McCaleb, Jr., Jim Phillips, Tom W. Rogers, Jr.
"Designates Chief Executive Officer

Seventy-Second Report

63

HAZEN FIRST STATE BANK
City: Hazen
Charter Number: 744
Telephone: 255-4567

P.O. Box 783
Prairie County
Zip Code: 72064
Population: 1,500
Charter Date: May 12, 1983
Branches: 1

Bank Holding Company Affiliate: None
PRES. & CASHIER: *H. TED BURNETT JR.
LOAN OFFICER: BILLY BENNETT
VICE PRESIDENT: H. W. CLAYTON

ASST. CASHIER: NANCY KOCOUREK
ASST. CASHIER: ANN DOOLEY
ASST. CASHIER: SARA PERRY

Total Assets ........................ 13,730
Loans, Net ........................... 9,210
Securities ............................ 1,802
Interest Bearing Balances .•.......•.... 494
Total Deposits ...................... 12,155
No. Shares Authorized ............... 15,000
No. Shares Outstanding ............. 13,308

Preferred Stock .............•........... -0Common Stock ........................ 665
Surplus .............•.................. 315
Undivided Profits ...........•.......... 368
Reserve for Loan Losses ............••.. 169
Total Equity Capital ..•...•........... 1,348
Subordinated Debt ...................... -0-

DIRECTORS: Pat Henderson, Tommy Hillman, Neil Maynard, Bobby Petter, Vernon Giss
*Designates Chief Executive Officer

THE CLEBURNE COUNTY BANK
City: Heber Springs
Charter Number: 626
Telephone: 362-2456

806 West Main Street
P.O. Box 1000
Cleburne County
Zip Code: 72543
Population: 5,371
Charter Date: December 16, 1930
Branches: 4

Bank Holding Company Affiliate: Lake Hamilton Enterprises Inc.
PRESIDENT: *JEROME JOHNSON
EX. V.P.: WALTER ALDRIDGE
V.P. & CASHIER: JUANITA TAYLOR

VICE PRESIDENT: PEGGY SMITH
VICE PRESIDENT: MARY HOLLAND

Total Assets .................•...... 88, 156
Loans, Net .......................... 33,554
Securities ........................... 44,597
Interest Bearing Balances ......•...... 3,081
Total Deposits ..............•....... 80,914
No. Shares Authorized ................ 1,200
No. Shares Outstanding .............. 1,200

Preferred Stock ......................... -0Common Stock ...............•.•...... 120
Surplus •...............•............• 2,250
Undivided Profits .................•.. .4,074
Reserve for Loan Losses ............... .451
Total Equity Capital •................• 6,444
Subordinated Debt ............•........ 250

DIRECTORS: Jim Tom Butler, Jerome Johnson, Walter Aldridge, L. E. Roberts, Jr., Wetzel Stark,
Dr. Ricky Johnson, Paul Eaton, Richie Lee, Harold Majors, Connie Butler, Patricia Butler, Anna
Margaret Butler, Beth Eaton, Jerry Dyer
*Designates Chief Executive Officer

State of Arkansas:

64

Bank Department

HERBER SPRINGS STATE BANK
City: Herber Springs
Charter Number: 735
Telephone: 362-5821

122 W. Main
Cleburne County
P.O. Box 30
Population: 5,371
Zip Code: 72543
Charter Date: May 27, 1977
Branches: 1

Bank Holding Company Affiliate: State Holding Company
PRESIDENT: *THOMAS E. PROPES
SR. V.P.: ROBERT A. CARD
CASHIER: JOYCE HARRAL

ADMIN. OFFICER: JANICE PARROTT
LOAN OFFICER: BECKY BURROUGHS
OPERATIONS OFF.: WENDY HOOTEN

Total Assets ........................ 33,468
Loans, Net .......................... 21,151
Securities ................•........... 3,071
Interest Bearing Balances ............ .4,270
Total Deposits ...................... 31,249
No. Shares Authorized ............... 18,000
No. Shares Outstanding ............. 17,656

Preferred Stock ......................... -0Common Stock ...................... 1,766
Surplus ................................ 650
Undivided Profits ..................... (756)
Reserve for Loan Losses ............... .400
Total Equity Capital .................. 1,660
Subordinated Debt ..................... 300

DIRECTORS: Harry Hastings, Jr., Thomas Propes, Jr., Al Harkins, Catherine Owen
*Designates Chief Executive Officer

BANK OF HOLLY GROVE
City: Holly Grove
Charter Number: 118
Telephone: 462-3331

Main Street
Monroe County
P.O. Box Q
Population: 850
Zip Code: 72069
Charter Date: March 10, 1903
Branches: 0
Bank Holding Company Affiliate: None

PRESIDENT: *THOMAS M. HARGROVE
SR. V.P. & CASHIER:JEAN M. KIRKPATRICK
A. CASH. & HEAD TELL: PAULINE G.
WILSON

ASST. CASHIER: BOBBIE R. GANNON
LOAN OFFICER, JOHN F. PHILLIPS, Ill

Total Assets ........................ 19,451
Loans, Net ........................... 8,784
Securities ............................ 6,440
Interest Bearing Balances ............. 1,440
Total Deposits ...................... 16,670
No. Shares Authorized ................ 2,400
No. Shares Outstanding .............. 2,400

Preferred Stock ......................... -0Common Stock ......................... 60
Surplus ..............•................. 940
Undivided Profits ......... , ........... 1,570
Reserve for Loan Losses ................. 73
Total Equity Capital .................. 2,570
Subordinated Debt. ..................... -0-

DIRECTORS: Mrs. J. I. Matthews, Ruth T. Dearing, Jean M. Kirkpatrick, R.H. Mayo, Thomas M.
Hargrove, John B. Moore, Jr., Herd E. Stone, Jr.
•oesignates Chief Executive Officer

Seventy-Second Report

65

HORATIO STATE BANK
City: Horatio
Charter Number: 179
Telephone: 832-2501

Corner Pride & Main
Sevier County
P.O. Box 347
Population: 989
Zip Code: 71842
Charter Date: May 15, 1905
Branches: 0
Bank Holding Company Affiliate: None

PRESIDENT: *C. E. HENDRIX, JR.
TREASURER-SR. V.P.: EDITH H. SMITH
EX. V.P.-CASHIER: WILBURN SMITH

OPERATIONS OFF.: LOLA J. LAWRENCE
BOOKKEEPING OFF.: AGNES J. LINCOLN

Total Assets ........................ 22,094
Loans, Net .......................... 11,100
Securities ............................ 2,109
Interest Bearing Balances ............. 5,110
Total Deposits ...................... 20,174
No. Shares Authorized ................ 2,000
No. Shares Outstanding .............. 2,000

Preferred Stock ......................... -0Common Stock ........................ 100
Surplus .............................. 1,000
Undivided Profits ...................... 644
Reserve for Loan Losses ................ 257
Total Equity Capital .................. 1,744
Subordinated Debt. ..................... -0-

DIRECTORS: C. E. Hendrix, Jr., Edith H. Smith, Wilburn Smith, Loy Poag, Fred Sullivan, Lilla S.
Hendrix
*Designates Chief Executive Officer

ARKANSASBANKANDTRUSTCOMPANY
City: Hot Springs
Charter Number: 232
Telephone: 624-4611

ABT Center
Garland County
P.O. Box 5640
Population: 36,228
Zip Code: 71901
Charter Date: April 18, 1907
Branches: 6

Bank Holding Company Afllllate: ABT Bancshares Corporation
SR. CHAIR. OF BOARD: CECIL W. CUPP
CHAIR. OF BO. & CEO: •CECIL W. CUPP, JR.
PRESIDENT: RAYL. CASH

EX. V.P.: GARY E. BLENDEN
SR. V.P.: PALMER VANDERBURG
SR. V.P.: RALPH WHITE

Total Assets ....................... 277,795
Loans, Net ......................... 200,931
Securities ........................... 26,037
Interest Bearing Balances ............... -0Total Deposits ..................... 254,804
No. Shares Authorized .............. 150,834
No. Shares Outstanding ............ 150,834

Preferred Stock ......................... -0Common Stock ...................... 3,771
Surplus .............................. 5,771
Undivided Profits ..................... 6,994
Reserve for Loan Losses .............. 1,623
Total Equity Capital ................. 16,536
Subordinated Debt ................... 3,507

DIRECTORS: Gary E. Blenden, Ray L. Cash, Cecil W. Cupp, Cecil W. Cupp, Jr., Cecil W. Cupp, Ill,
Gerald H. Fisher, Gaither C. Johnston, Jr., Roy L. Murphy, Jim Randall, John D. Selig, Ray S.
Smith, Jr., Richard Smith, Palmer Vanderburg, Hill A. Wheatley, Herman L. Wilson, Jr.
*Designates Chief Executive Officer

State of Arkansas:

66

Bank Department

BANK OF IMBODEN
City: Imboden
Charter Number: 727
Telephone: 869-2291

P.O. Box 320
Lawrence County
Zip Code: 72434
Population: 661
Charter Date: December 29, 1972
Branches: 1

Bank Holding Company Affiliate: Imboden Bancshares
CHAIRMAN: AMOS DAVID
VICE CHAIRMAN: J. R. DAVID
PRESIDENT: *STEPHEN E. JONES

V.P. & CASHIER: PRESTON CLARK
VICE PRESIDENT: MARY LEA McLEOD

Total Assets ........................ 22,225
Loans, Net ... , ...................... 13,907
Securities ............................ 5, 103
Interest Bearing Balances .............. 199
Total Deposits ...................... 20,184
No. Shares Authorized ............... 10,000
No. Shares Outstanding .............. 6,600

Preferred Stock ......................... -0Common Stock ........................ 165
Surplus ................................. 85
Undivided Profits ..................... 1,412
Reserve for Loan Losses ................ 134
Total Equity Capital .................. 1,662
Subordinated Debt ..................... 150

DIRECTORS: Amos David, J. R. David, Stephen E. Jones, Leland E. Mize, Dee Cude, H. Lee Baker,
Henry Weaver, Austin Stovall
*Designates Chief Executive Officer

FIRST JACKSONVILLE BANK
City: Jacksonville
Charter Number: 701
Telephone: 982-4511

600 W. Main Street
P.O. Box 827
Pulaski County
Zip Code: 72076
Population: 27,000
Charter Date: August 2, 1949
Branches: 3

Bank Holding Company Affiliate: First Arkansas Bancshares
COB & CEO: *KENNETH PAT WILSON
PRESIDENT: LARRY T. WILSON
EX. V.P.: JOHNS. FORTENBURY
VICE PRESIDENT: SIBYL H. CLAY
VICE PRESIDENT: DWIGHT BENTON

VICE PRESIDENT: JOHN HARDWICK
V.P. & AUDITOR: FRED LOTTER
V.P. & T.O.: JOHN R. McNEE
VICE PRESIDENT: BILL PENDLETON
VICE PRESIDENT: MARY VERSER

Total Assets ........................ 75,561
Loans, Net .......................... 47,686
Securities ........................... 19,130
Interest Bearing Balances .............. 200
Total Deposits ...................... 67,386
No. Shares Authorized .............. 200,000
No. Shares Outstanding ............ 200,000

Preferred Stock ......................... -0Common Stock ...................... 2,000
Surplus .............................. 1,000
Undivided Profits ..................... 3,844
Reserve for Loan Losses ................ 373
Total Equity Capital .................. 6,844
Subordinated Debt. ..................... -0-

DIRECTORS: Harry K. Dougherty, Joseph W. Gelzine, Bartus M. Gray, Jr., Melda A. Rice, Carl A.
Williams, Kenneth Pat Wilson, Larry T. Wilson, Thomas H. Wortham, M.D.
"Designates Chief Executive Officer

Seventy-Second Report

67

NEWTON COUNTY BANK
City: Jasper
Charter Number: 121
Telephone: 446-2265

Church & Stone Street
P.O. Box 437
Newton County
Zip Code: 72641
Population: 519
Charter Date: March 24, 1903
Branches: 1

Bank Holding Company Affiliate: Newco Corporation
CHAIRMAN: CARL G. HOLT
CEO: *GEORGE G. GLEASON, II
V. CHAIR./DEPUTY CEO: MICHAEL C.
CARTER
PRES.-BANK SER.: MARK D. ROSS

PRES.-MORTGAGE SER.: L. STEVEN ROSS
EX. V.P.: DANNY CRINER
V.P./CASHIER: GEORGE LANDRUM
SR. V.P.: LARRY DICKS

Total Assets ........................ 31,325
Loans, Net ..•..................•.... 18,023
Securities ............................ 9,436
Interest Bearing Balances .............. 300
Total Deposits ...................... 28,428
No. Shares Authorized ................ 2,500
No. Shares Outstanding .............. 2,340

Preferred Stock ......................... -0Common Stock .•....................... 58
Surplus .............................. 1,842
Undivided Prolils ...................... 808
Reserve for Loan Losses ................ 204
Total Equity Capital .................. 2,708
Subordinated Debt. ..................... -0-

DIRECTORS: Carl G. Holt, George G. Gleason, II, George Landrum, Danny Criner, Michael C.

Carter, Mark D. Ross, L. Steven Ross
"Designates Chief Executive Officer

BANK OF NORTHEAST ARKANSAS
City: Jonesboro
Charter Number: 150
Telephone: 932-2131

800 South Main
P.O. Box 1617
Craighead County
Zip Code: 72401
Population: 31,530
Charter Date: February 14, 1904
Branches: 4
Bank Holding Company Aftiliate: None

PRES. & CHAIRMAN: *SLOAN RAINWATER
EX. V.P.: AUDREY GLENN
SR. V.P.: MAX G. COBB
VICE PRESIDENT, LOYCE MINK
ASST. V.P. & TRUST: MARY ANN BOHNE

ASST. V.P.: GAIL NEBLETT
ASST. V.P.: EVA BEELER
CASHIER: LINDA McDANIEL
ASST. CASHIER: BRENDA GRIFFITH
VICE CHAIRMAN: Wm. I. RAINWATER

Total Assets ........................ 40.311
Loans, Net .......................... 19,524
Securities ............................ 7,863
Interest Bearing Balances ............. 3,498
Total Deposits ...................... 35,507
No. Shares Authorized ......•........ 75,000
No. Shares Outstanding ............. 75,000

Preferred Stock ......................... -0Common Stock ........................ 750
Surplus ...•..........•.......•....... 1,000
Undivided Profits ..................... 1,742
Reserve for Loan Losses ................ 177
Total Equity Capital .......•.......... 3,492
Subordinated Debt ..................... 595

DIRECTORS: A. B. Clark, Steve Cox, Virginia R. Cox, Grover Poole, M.D., Sloan Rainwater, Wm. I.
Rainwater, Wm. I, Rainwater, Jr., W. T. Rainwater, M.D., J. A. Tomlinson, Gerald G. Watkins
.. Designates Chief Executive Officer

State of Arkansas:

68

Bank Department

CITIZENS BANK OF JONESBORO
City: Jonesboro
Charter Number: 488
Telephone: 932-6603

Main at Washington
P.O. Box 1090
Craighead County
Zip Code: 72403
Population: 31,530
Charter Date: July 25, 1919
Branches: 6

Bank Holding Company Affiliate: Citizens Bancshares
CEO: *HERBERT H. McADAMS, II
PRESIDENT: WALTER DE ROE CK
EX. V.P.: DONALD TIMMS
VICE PRESIDENT: ROBERT CONNOR
VICE PRESIDENT: BESSIE HODGES

V. CH., ASST. SEC.: H. HALL McADAMS, Ill
SR. V.P.: JIM McALISTER
ADMIN. V.P.: DAN TREVATHAN
SR. V.P.: BILL MAY
SR. V.P.: MICHAEL O'BRIEN

Total Assets ....................... 178,344
Loans, Net ......................... 107,430
Securities .........•................. 51,362
Interest Bearing Balances ......... , ... .400
Total Deposits ..................... 156,810
No. Shares Authorized .............. 217,000
No. Shares Outstanding ............ 217,000

Preferred Stock ......................... -0Common Stock ...................... 2,170
Surplus .............................. 2,330
Undivided Profits ..................... 6,978
Reserve for Loan Losses .............. 1,754
Total Equity Capital ................. 11,478
Subordinated Debt ................... 1,680

DIRECTORS: Herbert H. McAdams, II, H. Hall McAdams, Ill, Robert C. Connor, John C. Deacon,
Walter A. DeRoeck, Dr. Glenn E. Dickson, W. 0. Doak, Charlotte Eddington, W. M. Freeze, Jr., Dr.
James F. Gramling, Dr. Ray H. Hall, Jr., Al M. Heringer, 111, Bill Hurt, Jr., Minor M. Markle, Oscar J.
Melton, Oscar J. Melton, Jr., Dr. Carl R. Reng, W. D. Roberts, Jr., W.R. Roberts, Frank E. Walden,
Dr. Durwood Wisdom
*Designates Chief Executive Officer

SIMMONS FIRST BANK OF JONESBORO
City: Jonesboro
Charter Number: 734
Telephone: 933-8000

1720 South Caraway Road
P.O. Box 1720
Craighead County
Zip Code: 72403
Population: 31,530
Charter Date: December 22, 1976
Branches: 2

Bank Holding Company Affiliate: Simmons First National Corporation
CHAIRMAN: DONALD W. STONE
PRESIDENT: *J.C. VAUGHN, JR.
EX. V.P.: RONALD B. JACKSON

SR. V.P.: EVERETT BANDY
VICE PRESIDENT: JERRY BROADAWAY

Total Assets ........................ 53,152
Loans, Net .......................... 35,886
Securities ........................... 11,545
Interest Bearing Balances ............. .400
Total Deposits .................. , ... 45,372
No. Shares Authorized .............. 500,000
No. Shares Outstanding ............ 175,000

Preferred Stock ......................... -0Common Stock ...................... 1,750
Surplus .............................. 1,750
Undivided Profits ...................... 531
Reserve for Loan Losses ................ 402
Total Equity Capital .................. 4,031
Subordinated Debt ..................... 400

DIRECTORS: Gene Thomason, Donald W. Stone, J. C. Vaughn, Jr., Franz U. Hayes, Sam
Hummelstein, Frances Kemp, Charles B. Smith, Jr., Niel Crowson
11

Designates Chief Executive Officer

Seventy-Second Report

69

MERCANTILE BANK
City: Jonesboro
Charter Number: 648
Telephone: 935-5521

P.O. Box 6018
Craighead County
Zip Code: 72403
Population: 31,530
Charter Date: January 7, 1932
Branches: 8

Bank Holding Company Affiliate: Mercantile Bancshares, Inc.
CEO & COB: *WALLACE FOWLER
SR. V.P.: LLOYD McCRACKEN, JR.
EX. V.P.-OPER.: NAOMI CRAFT
EX. V.P.: EDWARD H. CHERRY
SR. V.P.: RICHARD GRAY

PRESIDENT: GEORGE F. DELANEY, JR.
SR. V.P.-INV.: J. STEVEN McFERRON
EX. V.P.-INSTALL.: NORMAN LEONARD
SR. V.P.: EARL GAIRHAN
SR. V.P.: CAREY SMITH

Total Assets ....................... 183,320
Loans, Net ......................... 109,796
Securities ........................... 52,049
Interest Bearing Balances ............. 4,701
Total Deposits ..................... 165,478
No. Shares Authorized .............. 100,000
No. Shares Outstanding ............ 100,000

Preferred Stock ......................... -0Common Stock .............•........ 1,000
Surplus .............................. 3,000
Undivided Profits ....................• 8,936
Reserve for Loan Losses ................ 952
Total Equity Capital ................. 12,936
Subordinated Debt. ..................... -0-

DIRECTORS: Marystel Appleton, Wayne Baker. Roy Cooper, George Delaney, Jr., Wallace
Fowler, Lynn Greene, Raymond Heern, Ben Lamberth, Glenn Lane, H. T. Loberg, B. E. McKee,
M.D., J.C. Mahon, M. 0. Peeler, M.D., M. G. {Mabe) Spurlock
*Designates Chief Executive Officer

FARMERS AND MERCHANTS BANK
P.O. Box 550
White County
Zip Code: 72081
Population: 2,025
Charter Date: May 29, 1913
Branches: 0

City: Judsonia
Charter Number: 415
Telephone: 729-3148

Bank Holding Company Affiliate: None
CHAIRMAN: E. 0. YANCEY
PRESIDENT: E. D. YANCEY

SEC.-TREAS.: REYNIE RUTLEDGE
EX. V.P.: •JIM EMFINGER

Total Assets ...................... , ... 8,581
Loans, Net ....................... ,. .. 2,547
Securities ........................... .4,232
Interest Bearing Balances ............... -0Total Deposits ....................... 7,271
No. Shares Authorized ................ 2,800
No. Shares Outstanding .............. 2,800

Preferred Stock ......................... -0Common Stock ......................... 70
Surplus ................................ 280
Undivided Profits ...................... 800
Reserve for Loan Losses ................. 48
Total Equity Capital .................. 1,150
Subordinated Debt. ..................... -0-

DIRECTORS: E. 0. Yancey, E. D. Yancey, Reynie Rutledge
.. Designates Chief Executive Officer

State of Arkansas:

70

Bank Department

UNION STATE BANK
P.O. Box F
Union County
Zip Code: 71749
Population: 1,400
Charter Date: August 8, 1933
Branches: 0

City: Junction City
Charter Number: 415
Telephone: 924-4552

Bank Holding Company Affiliate: Junction Cily Holding Company

PRES. CEO: *JOHN F. MARSH
V.P. CASHIER: BARBARA DANIELS

VICE PRESIDENT: JEROME VASCOCU
ASST. CASHIER: MARY JONES

Total Assets ........................ 19,585
Loans, Net .......................... 12,068
Securities ............................ 2,918
Interest Bearing Balances ............. 2,497
Total Deposits ...................... 17, 771
No. Shares Authorized ............... 30,000
No. Shares Outstanding ............. 30,000

Preferred Stock ......•......•........... -0Common Stock ........................ 300
Surplus ........•...................... .400
Undivided Profits ...................... 992
Reserve for Loan Losses ................ 112
Total Equity Capital .................. 1,692
Subordinated Debt. ..................... -0-

DIRECTORS: Bobby Conville, Jr., Randy Ewing, Alvin Green, Sr., Bill Hogg, Dan Horton, F. B.
James, Jr., John Marsh, Virgil Orr, C. A. Reed, Jr., John Shealy, N. J. Vascocu

•Designates Chief Executive Officer

BANK OF KENSETT
City: Kensett
Charter Number: 528
Telephone: 742-3211

P.O. Box 356
White County
Zip Code: 72082
Population: 1,785
Charter Date: February 17, 1922
Branches: 0
Bank Holding Company Affiliate: None

PRESIDENT: *ROGER Q. MILLS
VICE PRESIDENT: JNO. H. JOHNSTON, JR.

CASHIER: PATSY SCOTT

Total Assets .......................... 4,753
Loans, Net. .....•...........•...•..•.•• 282
Securities ............................ 2,038
Interest Bearing Balances ............. .414
Total Deposits ...•..•................ 3,437
No. Shares Authorized ................. 500
No. Shares Outstanding ................ 500

Preferred Stock ......................... -0Common Stock •........................ 50
Surplus .....•..............•.....•...... 50
Undivided Profits .....•............... 1,154
Reserve for Loan Losses .•.............. -0Total Equity Capital .................. 1,254
Subordinated Debt. ....•................ -0-

DIRECTORS: Jno. H. Johnston, Jr., Roger Q. Mills, William P. Mills

*Designates Chief Executive Officer

Seventy-Second Report

71

PINE STATE BANK
City: Kingsland
Charter Number: 165
Telephone: 348-5657

First Street
Cleveland County
P.O. Box 85
Population: 420
Zip Code: 71652
Charter Date: August 22, 1904
Branches: 1
Bank Holding Company Affiliate: None

PRESIDENT: •WILLIAM CAIN LVON

SECRETARY: PEGGY LYON

Total Assets .......................... 4,045
Loans, Net ........................... 2,365
Securities ............................ .700
Interest Bearing Balances ........•.... .485
Total Deposits ....................... 3,685
No. Shares Authorized ................ 1,830
No. Shares Outstanding .............. 1,733

Preferred Stock ......................... -0Common Stock .......•................. 43
Surplus ................................ 120
Undivided Profits ...................... 165
Reserve for Loan Losses ................. 22
Total Equity Capital .................... 328
Subordinated Debt. .•................... -0-

DIRECTORS: William Cain Lyon, Peggy Lyon, Gene Jines, Jimmy Clark
"Designates Chief Executive Officer

MADISON BANK AND TRUST
City: Kingston
Charter Number: 467
Telephone: 665-2825

101 Public Square
Madison County
P.O. Box 39
Population: 300
Zip Code: 72742
Charter Date: April 7, 1911
Branches: O
Bank Holding Company Affiliate: None

PRESIDENT: *GARY W. BUNCH
VICE PRESIDENT: CARLA HATHORN

VICE PRESIDENT: BLENDA HOWARD
CASHIER: JEANINE VILLINES

Total Assets .......................... 5,793
Loans, Net ........................... 2,961
Securities ..................... , ....... 180
Interest Bearing Balances ............. 2,195
Total Deposits ....................... 5, 190
No. Shares Authorized ................. 800
No. Shares Outstanding ...........•.... 634

Preferred Stock ........•...•..........•. -0Common Stock ......................... 64
Surplus .................•.............. 242
Undivided Profits ...................... 251
Reserve for Loan Losses ................. 72
Total Equity Capital .................... 557
Subordinated Debt. ......•.......•.....• -0-

DIRECTORS: Gary W. Bunch, John Latham, Sumner Brashears, Howard Cain, Jr., James 8.
McDougal, David Henley, Joe Shrum, Gary Easterling, Dana Samples
.. Designates Chie1 Executive Officer

State of Arkansas:

72

Bank Department

BANK OF LAKE VILLAGE
City: Lake Village
Charter Number: 675
Telephone: 265-2241

Chicot County
P.O. Box 727
Population: 3,088
Zip Code: 71653
Charter Date: October 14, 1937
Branches: 1

Bank Holding Company Affiliate: Southeast Arkansas Bank Corp.
CHM. OF BOARO: DOUGLAS C. WYNN
PRES. & CEO: •HERMON CARL TON
EX. V.P.: TERENCE J. ALPE

V.P. & AUDITOR: JOYCE BELL
VICE PRES.: DESSIE LEE GIBBS

Total Assets ........................ 32,639
Loans, Net .......................... 17, 132
Securities ............................ 9,903
Interest Bearing Balances ............. 2,744
Total Deposits ...................... 27,902
No. Shares Authorized ............... 60,000
No. Shares Outstanding ............. 60,000

Preferred Stock ......................... -0Common Stock ........................ 600
Surplus .............................. 2,500
Undivided Profits ..................... 1,188
Reserve for Loan Losses ................ 169
Total Equity Capital .................. 4,288
Subordinated Debt. ..................... -0-

DIRECTORS: Terence J. Alpe. Sam E. Angel, William W. Bunker, Dr. J.P. Burge, Hermon Carlton,
David F. Gillison, Sr., David F. Gillison, Jr., Marvin D. Loyd, DDS, Ned Mazzanti, Joe Pieroni,
George Pine, Charles H. Weissinger, Jr., Douglas C. Wynn
*Designates Chief Executive Officer

SIMMONS FIRST BANK OF LAKE VILLAGE
City: Lake Village
Charter Number: 716
Telephone: 265-5366

333 Main Street
Chicot County
P.O. Box 271
Population: 3,088
Zip Code: 71653
Charter Date: June 12, 1962
Branches: O

Bank Holding Company Affiliate: Simmons First National Corporation
CHAIRMAN: FRED P. MICHAEL
PRES. & CEO: •BEN V. FLORIAN!
EX. V.P.: FREDDIE BLACK

V.P. & CASHIER: MIKE S. CASHION
ASST. V.P.: LINDA S. PEARSON

Total Assets ........................ 24, 170
Loans, Net .......................... 15,735
Securities ...................•........ 6,041
Interest Bearing Balances ............... -0Total Deposits ...................... 21,230
No. Shares Authorized ............... 12,500
No. Shares Outstanding ............. 12,500

Preferred Stock ......................... -0Common Stock ........................ 250
Surplus ................................ 250
Undivided Profits ..................... 1,207
Reserve for Loan Losses ................ 197
Total Equity Capital .................. 1,707
Subordinated Debt ...................... -0-

DIRECTORS: Sam E. Adkisson, W. E. Ayers, Herman Berkemeyer, Freddie Black, James R.
Burchfield, Ohmer C. Burnside, Mike S. Cashion, William H. Drew, Ben V. Floriani, Craig Hunt,
Cullen Livingston, Doyne W. Loyd, Geno Mazzanti, Fred P. Michael, Carl 0. Powell, Richard L.
Pratt, Ted Thornton, Joe Dan Yee
*Designates Chief Executive Officer

Seventy-Second Report

73

CITIZENS BANK OF LAVACA
City: Lavaca
Charter Number: 308
Telephone: 674-5631

108 Main
Sebastian County
P.O. Box 108
Population: 1,096
Zip Code: 72941
Charter Date: May 1, 1914
Branches: 1

Bank Holding Company Affiliate: None
PRESIDENT: *JAMES N. PATTERSON
SR. V.P. & CASHIER: LARRY D. HURST
VICE PRESIDENT: GARY W. CARMACK
VICE PRESIDENT: PAULETTE
CHRONISTER
ASST. V.P.: SANDRA HANEY

ASST. V.P.: LARRY DALE OWEN
ASST. CASHIER: JAN CHILDERS
ASST. CASHIER: CLIDE LEE HOWELL
ASST. CASHIER: BEVERLY DePRIEST
ASST. CASHIER: DONNA WOODS

Total Assets ........................ 26,679
Loans, Net .......................... 18,922
Securities ............................ 4,786
Interest Bearing Balances .............. 670
Total Deposits ...................... 23,575
No. Shares Authorized ............... 22,680
No. Shares Outstanding ............. 20,538

Preferred Stock ......................... -0Common Stock ........................ 257
Surplus .............................. 1,500
Undivided Profits ..................... 1,214
Reserve for Loan Losses ................ 278
Total Equity Capital .................. 2,971
Subordinated Debt. ..................... -0-

DIRECTORS: Ronald Udouj, James N. Patterson, Larry D. Hurst, Gene Bruick, Rayburn Green,
Jewel Morris
~Designates Chief Executive Officer

LEACHVILLE STATE BANK
City: Leachville
Charter Number: 703
Telephone: 539-6354

Main Street
Mississippi County
P.O. Box 140
Population: 1,800
Zip Code: 72438
Charter Date: January 23, 1951
Branches: 0

Bank Holding Company Affiliate: None
PRESIDENT: *J. LEE BEARDEN
EX. V.P.: EDNA L. KENNETT

CASHIER: ROBERT LYNN BEARDEN
ASST. CASHIER: EARNESTINE ROBINETT

Total Assets ........................ 13,066
Loans, Net ........................... 2,883
Securities ............................ 5,815
Interest Bearing Balances .............. 700
Total Deposits ...................... 10,633
No. Shares Authorized ............... 10,000
No. Shares Outstanding ............. 10,000

Preferred Stock ......................... -0Common Stock ........................ 100
Surplus .............................. 1,150
Undivided Profits ..................... 1,051
Reserve for Loan Losses ................. 37
Total Equity Capital .................. 2,301
Subordinated Debt. ..................... -0-

DIRECTORS: J. Lee Bearden, Nelson Henry, Edna Kennett, T. N. Rodman, M.D., J. L. Swihart
*Designates Chief Executive Officer

State of Arkansas:

74

Bank Department

LITTLE RIVER BANK
City: Lepanto
Charter Number: 498
Telephone: 475-2306

202 Greenwood Ave.
Poinsett County
P.O. Box 340
Zip Code: 72354
Population: 1,964
Charter Date: November 21, 1919
Branches: O
Bank Holding Company Affiliate: None

CHAIR. OF BOARD: *D. F. PORTIS
PRESIDENT: GRADY WATKINS, JR.
VICE PRESIDENT: T. G. THOMPSON, JR.

VICE PRESIDENT: J.C. PORTIS
CASHIER: BLANCHE NASH

Total Assets ........................ 21,491
Loans, Net ........................... 3,895
Securities ........................... 11,091
Interest Bearing Balances ...•......... .400
Total Deposits ...................... 17,592
No. Shares Authorized ................ 4,000
No. Shares Outstanding .............. 4,000

Preferred Stock ......................... -0Common Stock ....................... .400
Surplus .............................. 1,100
Undivided Profits ..................... 2,238
Reserve for Loan Losses ................. 96
Total Equity Capital .................. 3,738
Subordinated Debt. ..................... -0-

DIRECTORS: D. F. Portis, Grady Watkins, Jr., T. G. Thompson, Jr., J.C. Portis, W. H. Cross, Sr.,
Ernest Portis, Danette Watkins, Julanne Ingram, Junaway Payne, H. G. Watkins, Ill
*Designates Chief Executive Officer

PEOPLES BANK AND LOAN COMPANY
City: Lewisville
Charter Number: 347
Telephone: 921-4244

305Spruce
P.O. Box 280
Lafayette County
Zip Code: 71845
Population: 1,450
Charter Date: August 25, 1911
Branches: D
Bank Holding Company Affiliate: None

PRES. & CEO: *CHARLES H. MOORE
CHAIRMAN: W. H. TRIPLETT, JR.
EX. V.P.: WILMA WILLBANKS

VICE PRESIDENT: PAUL MAHAR
ASST. V.P.: DONNA H. ADKISON
CASHIER: VENORA HOOPER

Total Assets ........................ 25,678
Loans, Net .......................... 11,505
Securities,, ........ , ........ , ........ 8,105
Interest Bearing Balances ............. 2,595
Total Deposits ...................... 22,957
No. Shares Authorized ................ 4,000
No. Shares Outstanding .............. 4,000

Preferred Stock ......................... -0Common Stock ........................ 100
Surplus ................................ 750
Undivided Profits ..................... 1,555
Reserve for Loan Losses ................ 169
Total Equity Capital .................. 2,405
Subordinated Debt ...................... -0-

DIRECTORS: W. H. Triplett, Jr., Charles H. Moore, Wilma Willbanks, Paul Mahar, Jack English,
Henry Moore Ill, O. M. Covington, Phil Alford, Jr., Elmer L. Harris, P. D. Burton, Jr.
*Designates Chief Executive Officer

Seventy-Second Report

75

BANK OF LINCOLN
City: Lincoln
Charter Number: 119
Telephone: 824-3232

West Side of Square
Washington County
P.O. Box 98
Population: 1,494
Zip Code: 72744
Charter Date: March 17, 1903
Branches: 0

Bank Holding Company Affiliate: Lincoln Bankshares, Inc.
PRESIDENT: *LOYD R. SWOPE
EXEC. V.P.: KENNETH D. (BUD) COX
VICE PRESIDENT: LARRY KARNES

VICE PRESIDENT: PAT DAVENPORT
CASHIER: RONNIE RINEHART
ASST. V.P.: DARLENE CHEATHAM

Total Assets ........................ 35, 191
Loans, Net .......................... 18,246
Securities ........................... 11,333
Interest Bearing Balances ............. 1.200
Total Deposits ...................... 31,390
No. Shares Authorized ................ 8,000
No. Shares Outstanding .............. 8,000

Preferred Stock ......................... -0Common Stock ........................ 200
Surplus ................................ 200
Undivided Profits ..................... 2,571
Reserve for Loan Losses ................ 236
Total Equity Capital .................. 2,971
Subordinated Debt ...•................. 300

DIRECTORS: Loyd R. Swope, Kenneth D. Cox, John Lewis, John Everett, Forrest Rodgers
*Designates Chief Executive Officer

PULASKI BANK AND TRUST COMPANY
City: Little Rock
Charter Number: 71 O
Telephone: 661-7700

5800 "R" Street
Pulaski County
P.O. Box 7299
Population: 175,000
Zip Code: 72217
Charter Date: August 29, 1955
Branches: 2

Bank Holding Company Affiliate: Pulaski Investment Corporation
CEO: *JAMES C. EAST
PRESIDENT: EUGENE L. MARIS
EX. V.P.: ROBERT C. MAGEE

EX. V.P.: WAYNE HARNESS
EX. V.P.: STANLEY A. CLARK, JR.

Total Assets ....................... 125,633
Loans, Net .......................... 94,560
Securities ........................... 15,430
Interest Bearing Balances .............. 273
Total Deposits ..•..........•....... 110,837
No. Shares Authorized .............. 226,000
No. Shares Outstanding ............ 212,230

Preferred Stock ......................... -0Common Stock ...................... 2,122
Surplus .............................. 2,526
Undivided Profits ..................... 2,374
Reserve for Loan Losses ................ 845
Total Equity Capital .................. 7,866
Subordinated Debt ................... 1,930

DIRECTORS: James C. East, Robert C. Magee, Eugene L. Maris, Mark V. Williamson, Thomas
Hodges
•oesignates Chief Executive Officer

State of Arkansas:

76

Bank Department

BANK OF LOCKESBURG
City: Lockesburg
Charter Number: 746
Telephone: 289-4071

P.O. Box 118
Sevier County
Zip Code: 71846
Population: 616
Charter Date: May 31, 1985
Branches: 0

Bank Holding Company Affiliate: DeWitt First Bankshares Corporation
PRESIDENT: *JOE C. ROBERTS
EX. V.P.: RAY HAMBRICK
VICE PRESIDENT: PHYLLIS BETTELL

V.P. & CASHIER: BOBBIE J. SIMMONS
OPER. OFFICER: BETTY CURRENCE

Total Assets ........................ 18,356
Loans, Net ........................... 6,923
Securities ........................... .4,722
Interest Bearing Balances ............. 4,799
Total Deposits ...................... 16,479
No. Shares Authorized ................ 2,500
No. Shares Outstanding .............. 2,500

Preferred Stock •.....................•.. -0Common Stock ......................... 62
Surplus ................................ 938
Undivided Profits ...................... 625
Reserve for Loan Losses ................. 48
Total Equity Capital ................•. 1,625
Subordinated Debt. ..................... -0-

DIRECTORS: Mrs. Georgea McKinley, Ray Hambrick, Warren Jennings, Lester McKinley
*Designates Chief Executive Officer

FIRST STATE BANK
City: Lonoke
Charter Number: 670
Telephone: 676-3106

101 E. Front Street
P.O. Box 320
Lonoke County
Zip Code: 72086
Population: 4,128
Charter Date: March 9, 1935
Branches: 0
Bank Holding Company Affiliate: None

CHAIR. OF BOARD: *J. 0. BENNETT
EX. V.P.: CHARLES E. FORD

VICE PRESIDENT: NEIL BENNETT, SR.
VICE PRESIDENT: JOHN R. OWEN

Total Assets .....................•.. 53,664
Loans, Net ....•.•................•.. 23,283
Securities ............................ 6,804
Interest Bearing Balances .........•.. 11,393
Total Deposits ...............•..... .47,789
No. Shares Authorized ............... 16,000
No. Shares Outstanding ......••..•.. 16,000

Preferred Stock ......•.................. -0Common Stock ..................•.... .400
Surplus .............................. 1,600
Undivided Profits ..................... 3,639
Reserve for Loan Losses ............•.•. 206
Total Equity Capital .................. 5,639
Subordinated Debt. ..................... -0-

DIRECTORS: J. 0. Bennett, Neil Bennett, Sr., Neil Bennett Jr., Wayne Bennett, Sr., Wayne
Bennett, Jr., H. Austin Grimes, M.D.
"'Designates Chief Executive Officer

Seventy-Second Report

77

FARMERS BANK & TRUST COMPANY
City: Magnolia
Charter Number: 217
Telephone: 234-2211

100 N. Court Square
P.O. Box 250
Columbia County
Zip Code: 71753
Population: 11,909
Charter Date: September 26, 1906
Branches: 3

Bank Holding Company Affiliate: Magnolia Banking Corporation

PRES. & CEO: *BOB L. BURNS
EX. V.P.: MACK L. TAYLOR
SR. V.P.: DEAN REAGAN

VICE PRESIDENT: M. E. FITZPATRICK
V.P. & T.O.: BRUCE D. MALOCH
V.P. & CASHIER: EARL BOOTH

Total Assets ........................ 93,824
Loans, Net .......................... 35,065
Securities .......................... .48,308
Interest Bearing Balances ............. 1,503
Total Deposits ...................... 83,927
No. Shares Authorized .............. 100,000
No. Shares Outstanding ............ 100,000

Preferred Stock ......................... -0Common Stock ...................... 2,500
Surplus .............................. 1,250
Undivided Profits •.................... 4,666
Reserve for Loan Losses ................ 564
Total Equity Capital .................. 8,416
Subordinated Debt. ..................... -0-

DIRECTORS: T. H. Bradley, Jr., Bob L. Burns, Paul Crumpler, W. E. Fullenwider, John W. Harsh,
C. S. Kincaid, Ill, Bob Neill, Dean Reagan, Mack L. Taylor
"Designates Chief Executive Officer

BANK OF MALVERN
City: Malvern
Charter Number: 10
Telephone: 332-6966

327 Ash Street
Hot Spring County
P.O. Box 897
Zip Code: 72104
Population: 10,163
Charter Date: June 24, 1889
Branches: 1

Bank Holding Company Affiliate: Central AR Bancshares, Inc.
PRES. & CHAIRMAN: *PAULL. OFFUTT
SR. V.P.: DONALD J. TACKETT
SR. V.P.: M. DALE BEAIRD

VICE PRESIDENT: MARSHA B. TANNER
VICE PRESIDENT: JAMES D. FERGUSON

Total Assets ........................ 61,578
Loans, Net .......................... 33,835
Securities ........................... 21,437
Interest Bearing Balances .............. 600
Total Deposits ...................... 53,563
No. Shares Authorized ............... 12,000
No. Shares Outstanding ............. 12,000

Preferred Stock ......................... -0Common Stock ........................ 300
Surplus .............................. 2,200
Undivided Profits ..................... 4,069
Reserve for Loan Losses ................ 602
Total Equity Capital .................. 6,569
Subordinated Debt. ..................... -0-

DIRECTORS: Paul L. Offutt, Ray Boyle, Sam Clark, Dorsey D. Glover, W. H. Glover, Joe C. Keith,
Ross M. Whipple, Carrington E. Young, Tom Ross Young, Jr.
*Designates Chief Executive Officer

State of Arkansas:

78

Bank Department

PEOPLES BANK
City: Mammoth Spring
Charter Number: 519
Telephone: 625-3235

250 Main Street
Fulton County
P.O. Box 310
Population: 1,195
Zip Code: 72554
Charter Date: February 21, 1921
Branches: O

Bank Holding Company Affiliate: Mammoth Investments & Credit Corp. Inc.

PRESIDENT: CHARLES MASNER
VICE PRESIDENT: *WILLIAM 0. PACE

CASHIER: NORMA G. PACE

Total Assets ........................ 20,794
Loans, Net ........................... 6,069
Securities ............................ 5,479
Interest Bearing Balances ............. 3,444
Total Deposits ...................... 19,152
No. Shares Authorized .......•....... .4,000
No. Shares Outstanding .............. 4,000

Preferred Stock ......................... -0Common Stock ...............•........ 100
Surplus ................................ 900
Undivided Profits ...................... 382
Reserve for Loan Losses ....•..•.•....... 61
Total Equity Capital .................. 1,382
Subordinated Debt. ..................... -0-

DIRECTORS: Charles Masner, Clotene Masner, Lorene Pickens, William 0. Pace, Wendell
Ragsdale
*Designates Chief Executive Officer

MERCHANTS & PLANTERS BANK
City: Manila
Charter Number: 698
Telephone: 561-4427

319 N. Baltimore
Mississippi County
P.O. Box 440
Population: 2,500
Zip Code: 72442.
Charter Date: March 16, 1948
Branches: 0
Bank Holding Company Affiliate: None

CHAIRMAN: PEGGY F. CHEADLE
PRES. BETTY F. SCHRADER
S/T: HULEN FAULKNER
V.P.: DANNY ROBBINS

CASHIER: NORMA JACKSON
A/C: KAY BARKER
EX. V.P.: *MAX H. SCHRADER

Total Assets .......................... 8,664
Loans, Net .......................... .4,520
Securities ............................ 2,014
Interest Bearing Balances .............. 400
Total Deposits ....................... 7,350
No. Shares Authorized ............... 10,000
No. Shares Outstanding ............. 10,000

Preferred Stock ......................... -0Common Stock ........................ 100
Surplus ............................... .400
Undivided Profits ...................... 739
Reserve for Loan Losses ..........•...... 69
Total Equity Capital .................. 1,239
Subordinated Debt. ..................... -0-

DIRECTORS: Peggy F. Cheadle, Betty F. Schrader, James B. Cheadle, Danny Robbins, Lora M.
Fleeman, L. W. Townsend, Hulen Faulkner, Max H. Schrader
*Designates Chief Executive Officer

Seventy-Second Report

79

BANK OF MANSFIELD
City: Mansfield
Charter Number: 678
Telephone: 928-4418

Howard & Sebascott
P.O. Box 387
Sebastian County
Zip Code: 72944
Population: 1,000
Charter Date: February 16, 1939
Branches: O

Bank Holding Company Afllllate: Mansfield Bankstock, Inc.
CHAIR. OF BOARD: BRUCE H. SHAW
PRESIDENT: *RICHARD D. FOSTER
VICE PRESIDENT: RICHARD B. SHAW
VICE PRESIDENT: GILMER K. DIXON

EXEC. V.P.: DANNYE. FITZPATRICK
V.P. & CASHIER: MELBA CONAWAY
ASST. V.P.: PAULA COWARD
ASST. V.P.: ELIZABETH HOOPENGARNER

Total Assets ........................ 20,753
Loans, Net .......................... 12,084
Securities ............................ 4,196
Interest Bearing Balances ............. 2,600
Total Deposits ...................... 18,872
No. Shares Authorized ................ 9,600
No. Shares Outstanding .............. 9,600

Preferred Stock ......................... -0Common Stock ........................ 240
Surplus ................................ 260
Undivided Profits ..................... 1,227
Reserve for loan Losses ................ 117
Total Equity Capital .................. 1,727
Subordinated Debt. ..................... -0-

DIRECTORS: Bruce H. Shaw, Richard D. Foster, Richard B. Shaw, Gilmer K. Dixon, Joe McCain,
Danny Fitzpatrick. S. D. Barnes, B. R. Holbrook, S. M. Taylor, Melba Conaway
*Designates Chief Executive Officer

FARMERS AND MERCHANTS BANK
48 South Poplar
Lee County
P.O. Box 479
Zip Code: 72360
Population: 6,220
Charter Date: January 9, 1942
Branches: O

City: Marianna
Charter Number: 682
Telephone: 295-2535

Bank Holding Company Affiliate: None
PRESIDENT: *WILLIAM J. McCLAIN
VICE PRESIDENT: LETHA SMITH
V.P. & CASHIER: PEGGY FISHER

ASST. V.P.: MARIE VICKERS
ASST. V.P.: MARY C. YANCEY

Total Assets ........................ 15,100
Loans, Net ........................... 2,252
Securities ............................ 3,428
Interest Bearing Balances ................ 90
Total Deposits ...................... 13,057
No. Shares Authorized ................ 3,000
No. Shares Outstanding .............. 3,000

Preferred Stock ......................... -0Common Stock ......................... 75
Surplus ................................ 925
Undivided Profits ...................... 881
Reserve for Loan Losses ................. 70
Total Equity Capital .................. 1,881
Subordinated Debt ...................... -0-

DIRECTORS: Dan H. Felton, Ill, Jack Gentry, Thomas H. Gist, Jr., Robert F. Mahan, John F. Miller,
William J. McClain, J. B. Smith, Ruth Smith, D. E. Webb, Jr.
"Designates Chief Executive Officer

State of Arkansas:

80

Bank Department

CITIZENS BANK
City: Marion
Charter Number: 677
Telephone: 739-4421

115 Block Street
P.O. Box 300
Crittenden County
Zip Code: 72364
Population: 3,000
Charter Date: March 15, 1938
Branches: 1

Bank Holding Company Affiliate: First Citizens Bancshares
CHAIR. OF BOARD: FORREST N. JENKINS
PRESIDENT: •JOE TAYLOR Ill
ASST. V.P.: CHARLES HORTON

LOAN OFFICER: L. SCOTT BOND
ASST. CASHIER: LUCILLE BRACKIN
ASST. CASHIER: GLORIA SPENCER

Total Assets ........................ 26,874
Loans, Net .......................... 11,942
Securities ............................ 8,431
Interest Bearing Balances .............. 100
Total Deposits ...................... 23,798
No. Shares Authorized ................ 1,500
No. Shares Outstanding .............. 1,500

Preferred Stock ......................... -0Com m on Stock ........................ 150
Surplus .............................. 1,200
Undivided Profits ..................... 1,553
Reserve for Loan Losses ................. 80
Total Equity Capital ............•..... 2,903
Subordinated Debt. ..................... -0-

DIRECTORS: Forrest N. Jenkins. Joe Taylor Ill, Richard Williford, William Bart Turner, C. H .
Bond, Jr., Sanders Carter, Franklin G. Fogleman, Julian Hardin, J. F. Rieves, Jr., James R.
Stockley
"Designates Chief Executive Officer

MARKED TREE BANK
City: Marked Tree
Charter Number: 651
Telephone: 358-2600

210 Frisco
P.O. Box 160
Poinsett County
Zip Code: 72365
Populatior.: 3,200
Charter Date: March 3, 1932
Branches: 0

Bank Holding Company Affiliate: Marked Tree Bancshares, Inc.
PRESIDENT: •JOHN A. BRUNNER, JR.

CASHIER: J.P. HUTCHINS

Total Assets ........................ 20,306
Loans, Net ........................... 2,805
Securities ........................... 13,723
Interest Bearing Balances .............. 700
Total Deposits ...................... 17,299
No. Shares Authorized ................ 2,500
No. Shares Outstanding .............. 2,500

Preferred Stock ......................... -0Common Stock ........................ 250
Surplus ................................ 300
Undivided Profits ..................... 1,538
Reserve for Loan Losses ................. 59
Total Equity Capital .................. 2,088
Subordinated Debt. ..................... -0-

DIRECTORS: John Brunner, Jr., Frank Brunner, Jr., J. Robert Brunner, Louis Goad, Gloria
Eddington, Mary Ann Arnold, Ritter Arnold, Dan Hatzenbuehler
*Designates Chief Executive Officer

Seventy-Second Report

81

SEARCY COUNTY BANK
City: Marshall
Charter Number: 679
Telephone: 448-3341

P.O. Box 250
Searcy County
Zip Code: 72650
Population: 1,500
Charter Date: February 26, 1940
Branches: 1

Bank Holding Company Affiliate: Marshall Bancshares, Inc.
CHAIR. & PRES.: *NEIL A. WILKINS
V.P. & CASHIER: BRENDA HARNESS
ASST. CASHIER: PATSY MASSEY
ASST. CASHIER: DEBBIE WATTS
ASST. CASHIER: ELIZABETH COTTON

EX. V.P.: DANNY G. HORTON
VICE PRESIDENT: MARY J. HORTON
ASST. CASHIER: CARLA HARNESS
ASST. CASHIER: PEGGY MASSEY

Total Assets ........................ 28,461
Loans, Net .......................... 14,606
Securities ............................ 5,844
Interest Bearing Balances ............. 5,452
Total Deposits ...................... 25,959
No. Shares Authorized ................ 5,300
No. Shares Outstanding .............. 5,300

Preferred Stock ......................... -0Common Stock ........................ 530
Surplus .............................. 1,225
Undivided Profits ...................... 551
Reserve for Loan Losses ................ 249
Total Equity Capital .................. 2,306
Subordinated Debt ...................... -0-

DIRECTORS: J.C. Baker, Jr., J. Virgil Blair, George E. Daniel, Bob Derickson, Ancil Mays, Hayes
L. McKinnie, Neil A. Wilkins
*Designates Chief Executive Officer

BANK OF MARVELL
City: Marvell
Charter Number: 109
Telephone: 829-2596

U.S. Hwy 49 West
P.O. Box 67
Phillips County
Zip Code: 72366
Population: 1,724
Charter Date: January 8, 1903
Branches: 0

Bank Holding Company Afflllate: Marvell Implement Company
CHAIR. & PRES.: *GIBSON TURLEY
EX. V.P.: TOMMIE E. SHACKELFORD, JR.
V.P.: GIBSON TURLEY, JR.

V.P.: BEN B. DAVIDSON
CASHIER: PATTY SUE RUSSELL

Total Assets ........................ 18,004
Loans, Net ........................... 1,738
Securities ........................... 14,751
Interest Bearing Balances ............... -0Total Deposits ...................... 15,273
No. Shares Authorized ................ 6,000
No. Shares Outstanding ....•......... 6,000

Preferred Stock ......................... -0Common Stock ........................ 150
Surplus ................................ 500
Undivided Profits ..................... 1,706
Reserve for Loan Losses ................. 33
Total Equity Capital .................. 2,356
Subordinated Debt. ..................... -0-

DIRECTORS: Gibson Turley, J. A. Hill, James H. Hill, Tommie E. Shackelford, Jr., Virginia Turley,
Gibson Turley, Jr.
~Designates Chief Executive Officer

State of Arkansas:

82

Bank Department

BANK OF McCRORY
City: McCrory
Charter Number: 128
Telephone: 731-2521

124 Edmonds Avenue
P.O. Box 367
Woodruff County
Zip Code: 72101
Population: 2,000
Charter Date: June 18, 1903
Branches: O
Bank Holding Company Affiliate: None

CHAIR. OF BOARD: *I. N. ARNOF
VICE CHAIRMAN: JOHN G. THOMPSON
SR. V.P.: H. RIPLEY THOMPSON
SR. V.P.: JOHN D. ELDRIDGE

PRESIDENT: HULON CAIN
VICE PRESIDENT: MARGARET COLLIER
CASHIER: JAMES TAYLOR
ASST. V.P.: BOBBY TROTTER

Total Assets ........................ 48,039
Loans, Net .......................... 11,606
Securities ........................... 21,882
Interest Bearing Balances ............... -0Total Deposits ...................... 41,736
No. Shares Authorized ............... 20,000
No. Shares Outstanding ............. 20,000

Preferred Stock ......................... -0Common Stock ........................ 500
Surplus .............................. 2,000
Undivided Profits ..................... 2,981
Reserve for Loan Losses ............•... 197
Total Equity Capital .................. 5,481
Subordinated Debt ...................... -0-

DIRECTORS: I. N. Arnof, John G. Thompson, H. Ripley Thompson, John D. Eldridge, Ian Arn of,
Hulon Cain, G. L. Morris, Jr., Edwin B. Conner, Jr., John D. Eldridge, 111, Donald Cain, Fletcher C.
Lewis
*Designates Chief Executive Officer

McGEHEE BANK
City: McGehee
Charter Number: 661
Telephone: 222-3151

301 North Second
P.O. Box 787
Desha County
Zip Code: 71654
Population: 5,612
Charter Date: December 6, 1933
Branches: 4

Bank Holding Company Afflllate: Southeast Financial Bankstock Corp.
PRES., DIR.: *BILL BOWMAN
CHAIR. OF BOARD: SAM BOWMAN
V. CHAIR. OF BOARD: JOHN H. POTTER
EX. V.P.: RICK GILLIAM
VICE PRESIDENT: CHARLES LLOYD
VICE PRESIDENT: TOMMY G. ROBERTSON

V.P. & T.O.: JAMES MICHAEL SMITH
CASHIER: STEPHEN A. WILSON
AC: PATRICIA CALHOUN
AC: PEGGY SMITH
BRANCH SUPERVISOR: NANCY SHOOK

Total Assets ........................ 70,608
Loans, Net .......................... 27,396
Securities ........................... 28,241
Interest Bearing Balances ............. 9,469
Total Deposits ...................... 64,017
No. Shares Authorized ............... 80,000
No. Shares Outstanding ............. 80,000

Preferred Stock ......................... -0Common Stock ...................... 1,000
Surplus .............................. 1,700
Undivided Profits ..................... 3,399
Reserve for Loan Losses ................ 506
Total Equity Capital .................. 6,099
Subordinated Debt. ..................... -0-

DIRECTORS: Sam Bowman, Robert H. Adcock, Fred Blanks, Jimmy L. Buford, Bill Elliott, J. L.
Maier, Jr., Buren Sharpe, Cecil Simpson, James N. Smith, David Leech, John Potter, Bill Bowman,
Mark Sherland, Jr.
*Designates Chief Executive Officer

83

Seventy-Second Report

THE BANK OF NORTH ARKANSAS
Main & Spring Streets
Izard County
P.O. Box C
Zip Code: 72556

City: Melbourne
Charter Number: 42
Telephone: 368-4205

Population: 1,680
Charter Date: July 29, 1896
Branches: 3

Bank Holding Company Affiliate: North Central Financial Corporation
PRES. & CEO: *COLE MARTIN
CASHIER: ERNESTINE MARLIN
VICE PRESIDENT: MARY F. TATE

ASST. V.P.: CANDACE LOGGAINS
ASST. CASHIER: MADALYN GOODWIN

Total Assets ........................ 33,349
Loans, Net .......................... 20,758
Securities ............................ 3,978
Interest Bearing Balances ............. 4, 191
Total Deposits ...................... 30,847
No. Shares Authorized ............... 80,000
No. Shares Outstanding ............. 80,000

Preferred Stock ......................... -0Common Stock ...................... 2,000
Surplus ................................ 425
Undivided Profits ..................... (164)
Reserve for Loan Losses ................ 349
Total Equity Capital .................. 2,261
Subordinated Debt. ..................... -0-

DIRECTORS: Cole Martin, W. Neil Maynard, Harry Erwin, Tommy Hillman, Vernon Giss, Harlin
Hames, James E. Miller
*Designates Chief Executive Officer

THE UNION BANK OF MENA
City: Mena
Charter Number: 667
Telephone: 394-2211

515 Janssen Avenue
Polk County
P.O. Box 898
Zip Code: 71953

Population: 5,200
Charter Date: July 25, 1934
Branches: 3

Bank Holding Company Affiliate: Union Bankshares, Inc.
CHAIRMAN: C. S. "SHORTY" WILLIAMS
PRES. & CEO: *BILL L. WOOD
VICE PRESIDENT: R. A. CARVER
VICE PRESIDENT: EDWARD W.
STEVENSON
VICE PRESIDENT: EVA CAPEHART
CASHIER: RUBY LUNSFORD
ASST. CASHIER: MILDRED BROWN

A. V.P. & LOAN DEPT. MGR.: SARAH CURRY
ASST. V.P. & COMP. OFF.: BARBARA SHAW
CUSTOM SER. OFF.: CLARICE TISHER
ASST CASHIER: KATHY SHRADER
ASST. CASHIER: PAT PERKINS
ASST. V.P. & MGR. DATA PRO.: JIM
NEUGENT
LOAN OFFICER: JIMMY KNIGHTEN

Total Assets ........................ 59,223
Loans, Net .......................... 33,719
Securities ........................... 14,567
Interest Bearing Balances ............. 3,784
Total Deposits ...................... 50,465
No. Shares Authorized ............... 12,000
No. Shares Outstanding ............. 12,000

Preferred Stock ......................... -0Common Stock ...................... 1,200
Surplus .............................. 1,800
Undivided Profits ..................... 4,913
Reserve for Loan Losses ............... .405
Total Equity Capital .................. 7,913
Subordinated Debt. ..................... -0-

DIRECTORS: R. A. Carver, John A Crawford, R. L. Hamilton, David Maddox, Pauline Morrow,
Edward W. Stevenson, C. S. Williams, Bill Lauck Wood
"'Designates Chief Executive Officer

84

State of Arkansas:

Bank Department

MONETTE STATE BANK
City: Monette
Charter Number: 673
Telephone: 486-5493

P.O. Box P
Craighead County
Zip Code: 72447
Population: 1,189
Charter Date: December 29, 1936
Branches: 1
Bank Holding Company Affiliate: None

PRESIDENT: *REVIS G. STEWART
SR. VICE PRES.: SHIRLEY BRONAUGH
V.P. & CASHIER: VERLENE FULLEN

VICE PRES.: BILL CLARK
ASST. V.P.: JAMES R. THOMPSON
AUDITOR: TERRY FRIERSON

Total Assets ........................ 26,428
Loans, Net .......................... 12,405
Securities ............................ 8,269
Interest Bearing Balances ........•.... 1,900
Total Deposits ...................... 24,570
No. Shares Authorized ................ 4,000
No. Shares Outstanding .............. 4,000

Preferred Stock ......................... -0Common Stock ........................ 200
Surplus .............................. 1,150
Undivided Profits ...................... 322
Reserve for Loan Losses ................ 313
Total Equity Capital .................. 1,672
Subordinated Debt. ..................... -0-

DIRECTORS: Carolyn Frierson, Revis G. Stewart, B. R. Harper, J. E. Story, Ruth P. Latta, Verlene
Fullen, Shirley Bronaugh
*Designates Chief Executive Officer

COMMERCIAL BANK & TRUST COMPANY
City: Monticello
Charter Number: 391
Telephone: 367-6221

212 West Gaines
P.O. Box 150
Drew County
Zip Code: 71655
Population: 8,998
Charter Date: November 29, 1912
Branches: 2

Bank Holding Company Affiliate: Drew Bancshares, Inc.
CHAIRMAN CEO: *BENNIE F. RYBURN, SR.
PRESIDENT: REGINALD GLOVER

EX. V.P.: GEORGE T. HARRIS
SR. V.P.: RUSTY SMITH

Total Assets ........................ 52,584
Loans, Net .......................... 25,789
Securities ............................ 9,920
Interest Bearing Balances ............ 11, 187
Total Deposits ...................... 47,793
No. Shares Authorized ................ 8,000
No. Shares Outstanding .............. 8,000

Preferred Stock ......................... -0Common Stock ........................ 200
Surplus .............................. 2,300
Undivided Profits ..................... 1,898
Reserve for Loan Losses ................ 581
Total Equity Capital .................. 4,398
Subordinated Debt. ..................... -0-

DIRECTORS: Joe Brannen, James Burks, Reginald Glover, R. D. Jones, Jr., L. D. Long, Bennie
Ryburn, Sr., Bennie Ryburn, Jr., James W. Searcy, Kim Ward, Frank Wolfe
*Designates Chief Executive Officer

Seventy-Second Report

85

UNION BANK & TRUST COMPANY
City: Monticello
Charter Number: 448
Telephone: 367-3453

102 West McCJoy
P.O. Box 270
Drew County
Zip Code: 71655
Population: 8,998
Charter Date: September 15, 1915
Branches: 2

Bank Holding Company Affiliate: First Union Financial Corporation
PRESIDENT: *JOHN A. McCLELLAND
SR. VICE PRESIDENT: JAMES THOMAS

VICE PRESIDENT: BEYERL Y HUDSON
VICE PRESIDENT: KEN WISCAVER

Total Assets ........................ 69,583
Loans, Net ................•......... 24,853
Securities ........................... 22,031
Interest Bearing Balances ............. 5,999
Total Deposits ...................... 64,211
No. Shares Authorized ............... 80,000
No. Shares Outstanding ............. 80,000

Preferred Stock ......................... -0Common Stock ...................... 1,000
Surplus •............................. 2,000
Undivided Profits ..................... 1,615
Reserve for Loan Losses ............... , 959
Total Equity Capital .................. 4,615
Subordinated Debt. ..................... -0-

DIRECTORS: William K. Ball, Brown Calhoun, Frank Carson Jr., Charles Jackson, Henry Mariani,
John McClelland, Zach Mcclendon, Jr., Wells Moffatt, Dr. J.P. Price, John Porter Price, Richard
Reinhart, A. C. Thompson, Alan G. Williams
*Designates Chief Executive Officer

PEOPLES BANK AND TRUST COMPANY
City: Mountain Home
Charter Number: 147
Telephone: 425-2166

9th & Baker Streets
P.O. Drawer B
Baxter County
Zip Code: 72653
Population: 10,000
Charter Date: August 10, 1906
Branches: 1

Bank Holding Company Affiliate: Peoples Bank Corporation
PRESIDENT & CEO: •LARRY G. NELSON
SR. V.P.: CHARLES A. MORTON
SR. V.P.: CLYDE R. THORN

SR. V.P.: RUDELL PANNELL
SR. V.P.: R. E. BAKER

Total Assets ....................... 123,921
Loans, Net .......................... 48,098
Securities ........................... 56,591
Interest Bearing Balances ............. 2,884
Total Deposits ..................... 110,660
No. Shares Authorized .............. 110,000
No. Shares Outstanding ............ 110,000

Preferred Stock ......................... -0Common Stock ...................... 2,750
Surplus .............................. 2,750
Undivided Profits ..................... 6,093
Reserve for Loan Losses ................ 511
Total Equity Capital ................. 11,593
Subordinated Debt. ..................... -0-

DIRECTORS: Power L. Fowler, Neil Nelson, Larry G. Nelson, R. E. Baker, Guy King, W. T. Morgan,
B. R. Wiseman, W. M. Thompson, Lon Jones, Ida Marie Lewis, Jeannine Wolf
..,Designates Chief Executive Officer

State of Arkansas:

86

Bank Department

BANK OF MOUNTAIN VIEW
City: Mountain View
Charter Number: 446
Telephone: 269-3815

289 East Main Street
Stone County
P.O. Box C
Zip Code: 72560

Population: 2,147
Charter Date: July 21, 1915
Branches: O

Bank Holding Company Affiliate: None
CHAIR. OF BOARD: GLEN HINKLE
PRESIDENT: JAMES G. HINKLE
EX. V.P.: *CHARLES A. LOWE

SEC. V.P.: KENNETH SUTTON
CASHIER: WELDON DUNCAN

Total Assets ........................ 43,220
Loans, Net .......................... 17,108
Securities ........................... 13,934
Interest Bearing Balances .............. 100
Total Deposits ...................... 36,476
No. Shares Authorized ................ 4,000
No. Shares Outstanding .............. 4,000

Preferred Stock ......................... -0Common Stock ........................ 100
Surplus .............................. 2,600
Undivided Profits ..................... 3,683
Reserve for Loan Losses ................. 95
Total Equity Capital ................•. 6,383
Subordinated Debt. ..................... -0-

DIRECTORS: Glen Hinkle, James G. Hinkle, Charles A. Lowe, Kenneth Sutton
*Designates Chief Executive Officer

THE BANK OF MONTGOMERY COUNTY
City: Mount Ida
Charter Number: 617
Telephone: 867-3148

George Street
Montgomery County
P.O. Box 435
Population: 1,127
Zip Code: 71957
Charter Date: November 26, 1930
Branches: 1

Bank Holding Company Afflllate: Montgomery County Bancshares, Inc
COB & PRES.: *DANIEL C. HORTON
SR. V.P.: ROBERT CAMPBELL
SR. V.P.: MELVIN L. SIMPSON

CASHIER: MARCIA SUMMITT
ASST. CASHIER: HETTIE ABERNATHY

Total Assets ....................... .41,919
Loans, Net .......................... 16,377
Securities ........................... 20,310
Interest Bearing Balances ............. 1,900
Total Deposits ...................... 37,520
No. Shares Authorized ................ 4,000
No. Shares Outstanding .............. 4,000

Preferred Stock ......................... -0Common Stock ........................ 100
Surplus .............................. 1,400
Undivided Profits ..................... 2,190
Reserve for Loan Losses ................ 159
Total Equity Capital .................. 3,690
Subordinated Debt. ..................... -0-

DIRECTORS: Daniel C. Horton, Robert Campbell, Melvin L. Simpson, A. L. Banta, John Selig, Bill
Barnes, Joe Brakefield, Jr., Bob Gore, Bob Lybrand, Doyel O'Neal, Ode Maddox, Bill Lawrence,
Denver Jones
*Designates Chief Executive Officer

Seventy-Second Report

87

BANK OF MULBERRY
City: Mulberry
Charter Number: 81
Telephone: 997-1154

311 Main Street
P.O. Drawer A
Crawford County
Zip Code: 72947
Population: 1,500
Charter Date: January 15, 1902
Branches: O

Bank Holding Company Affiliate: First American Bancshares, Inc.
PRESIDENT: BETTY FELLER
CASHIER: DIANNA MILLSAP

ASST. CASHIER: PHYLLIS DOUGLAS
ASST. CASHIER: MARY BURKHART

Total Assets ........................ 19,176
Loans, Net ........................... 8,508
Securities ............................ 5,701
Interest Bearing Balances ............. 1,580
Total Deposits ...................... 17,142
No. Shares Authorized ................ 4,000
No. Shares Outstanding ............. .4,000

Preferred Stock ......................... -0Common Stock ........................ 100
Surplus ............................... .400
Undivided Profits ..................... 1,312
Reserve for Loan Losses ................ 180
Total Equity Capital .................. 1,812
Subordinated Debt. ..................... -0-

DIRECTORS: Harrell Ballentine, W. Joe Medlock, Dane Riggs, Betty Feller, Lex Golden, Charles
Martin
"Designates Chief Executive Officer

PIKE COUNTY BANK
City: Murfreesboro
Charter Number: 175
Telephone: 285-2172

319 East Main
P.O. Box 279
Pike County
Zip Code: 71958
Population: 1,884
Charter Date: December 19, 1904
Branches: 1
Bank Holding Company Affiliate: None

PRESIDENT: *CHARLES W. SHARP
CHAIR. OF BOARD: IRVIN C. BAINUM
SR. V.P. & MGR. MSB BR.: HAROLD SMITH
VICE PRESIDENT: BRENDA SMITH

CASHIER: BRENDA ROBERTS
LOAN OFFICER: BRUCE BEAN
ASST. CASHIER: BOBBY JO McALLISTER
ASST. CASHIER: HELEN HENDERSON

Total Assets ........................ 30,148
Loans, Net .......................... 18,372
Securities ............................ 3,635
Interest Bearing Balances ............ .4, 736
Total Deposits ...................... 26,709
No. Shares Authorized ............... 16,000
No. Shares Outstanding ............. 16,000

Preferred Stock ......................... -0Common Stock ....... , ................ 400
Surplus ................................ 500
Undivided Prolits ..................... 1,057
Reserve for Loan Losses ................ 435
Total Equity Capital .................. 1,957
Subordinated Debt ...................... -0-

DIREC1'0RS: Irvin C. Bainum, Charles W. Sharp, Thomas Bridgeman, Vance Evans, Cooper
Kizzia, Elbert Ray, George E. Steel, Sr., Ray Womack
"Designates Chief Executive Officer

State of Arkansas:

88

Bank Department

BANK OF NEWARK
Front Street
Independence County
P.O. Box 320
Population: 1,109
Zip Code: 72562
City: Newark
Charter Date: October 10, 1944
Charter Number: 686
Branches: 1
Telephone: 799-3205

Bank Holding Company Afflllate: Worthen Banking Corporation
PRESIDENT & CEO: *PAT LEA
VICE PRESIDENT: JERRY BRIGHTWELL

CASHIER: MARY STEELE
ASST. CASHIER: LINDA HOLCOMBE

Total Assets .......................... 8,012
Loans, Net ........................... 1,469
Securities ............................ 2,679
Interest Bearing Balances ............. 2,400
Total Deposits ...................... .7,301
No. Shares Authorized ............... 11,665
No. Shares Outstanding ............. 11,665

Preferred Stock ......................... -0Common Stock ........................ 117
Surplus ................................ 192
Undivided Profits ...................... 340
Reserve for Loan Losses ................ 109
Total Equity Capital .................... 649
Subordinated Debt. ..................... -0-

DIRECTORS: R. M. Twyford, Pat Lea, Enos Nicholas
*Designates Chief Executive Officer

THE FIRST STATE BANK OF NEWPORT
City: Newport
Charter Number: 738
Telephone: 523-2744

200 Hazel
Jackson County
P.O. Box 340
Population: 8,339
Zip Code: 72112
Charter Date: July 6, 1978
Branches: 2

Bank Holding Company Affiliate: First Newport Bancshares, Inc.
PRESIDENT & CEO: *HAROLD PERRIN
V.P. & CASHIER: ALFRED COUCH
V.P. & AUDITOR: JIMMY McCARTNEY
VICE PRESIDENT: JOE MILES

VICE PRESIDENT: DALE BENNETT
AVP: MIKE TINSLEY
AVP: BOB EVINS
AVP: ETTA REID

Total Assets ........................ 39,863
Loans, Net .......................... 18,598
Securities ............................ 8,856
Interest Bearing Balances ............ .4,500
Total Deposits ...................... 37,964
No. Shares Authorized ............... 29,336
No. Shares Outstanding ............. 29,336

Preferred Stock ......................... -0Common Stock ....................... .733
Surplus .............................. 1,264
Undivided Profits ..................... (311)
Reserve for Loan Losses ................ 943
Total Equity Capital .................. 1,686
Subordinated Debt. ..................... -0-

DIRECTORS: Stephen Graham, David Johnston, George Kell, Harold Perrin, Robert Vanhook,
Forrest Wise
*Designates Chief Executive Officer

Seventy-Second Report

89

MERCHANTS & PLANTERS BANK
City: Newport
Charter Number: 694
Telephone: 523-3601

2nd & Hazel Street
Jackson County
P.O. Box 550
Zip Code: 72112
Population: 8,339
Charter Date: March 30, 1946
Branches: 1
Bank Holding Company Affiliate: None

PRESIDENT & CEO: *JIM S. GOWEN
VICE PRES.: TERRY L. DILLON
VICE PRES.: FRED C. POWERS

CASHIER: PATRICIA H. DAVIS
ASST. V.P.: CARLA P. STIGER
ASST. V.P.: MARK A. SKELTON

Total Assets ........................ 44,296
loans, Net .......................... 22.444
Securities ............................ 6,619
Interest Bearing Balances ............. 5,150
Total Deposits ................. , ... .40.465
No. Shares Authorized ............... 12,000
No. Shares Outstanding .............. 9,000

Preferred Stock ......................... -0Common Stock ........................ 225
Surplus .............................. 2,700
Undivided Profits ...................... 223
Reserve for loan Losses ................ 885
Total Equity Capital .................. 3,148
Subordinated Debt ..................... 350

DIRECTORS: Morris, L. Bowman, R. Owen Burton, John L. Conner, Sr., Thomas R. Curtner, Jim
S. Gowen, Sr., Dr. Troy A. Gray, Robert Harvey, Ernest D. McDonald, Ralph McDonald, Jr., Fred
M. Pickens, Jr., J. Edward Scoggins, Gerald A. Saracini
*Designates Chief Executive Officer

THE TWIN CITY BANK
P.O. Box 5581
Pulaski County
Zip Code; 72114
Population: 64,419
Charter Date: March 21, 1935
Branches: 10
Bank Holding Company Affiliate: TC Bankshares, Inc.

City: North Little Rock
Charter Number: 671
Telephone: 372-4700

COB & CEO: T. E. RENAUD
PRESIDENT: EDWARD M. PENICK, JR.
EX. V.P.: KENNETH J. PENNEBAKER
EX. V.P.: ROBERT F. BIRCH, JR,
SR. V.P. & CASH.: MARGARET DAVENPORT
V.P. & COMPT.: RONALD G. GILLERT
VICE PRES.: KENNETH D, HAMMONDS
VICE PRES.: STEVE BLAIR

VICE PRES.: SUSAN BLAIR
VICE PRES.: JOHNNY PLOSZAY
VICE PRES.: SANDRA ROGERS
VICE PRES.: PHYLLIS SADLER
VICE PRES.: BEN SCROGGIN
VICE PRES.: SUSAN SISK
VICE PRES.: WILLIAM "BILL" WILLSON
V,P. & AUDITOR: SUSAN WINKLEY

Total Assets ....................... 359,565
loans, Net ......................... 225,748
Securities ........................... 78,401
Interest Bearing Balances ............ .4,089
Total Deposits ..................... 319,710
No. Preferred Shares Authorized ..... 10,000
No. Preferred Shares outstanding ..... 9,500
No. Common Shares Authorized ... 1,000,000
No. Common Shares Outstanding ... 270,000

Preferred Stock ...................... 9,500
Common Stock .. , ................... 2,700
Surplus .............................. 4,000
Undivided Profits ..................... 8,079
Reserve for Loan Losses .............. 3,503
Total Equity Capital ................. 24,279
Subordinated Debt ..................... 670

DIRECTORS: Dr. Joseph Bates, Martin Borchert, Ralph Cotham, Jr., David J. Jones, Frank Lyon.
Jr., Mike Mehaffy, Henry Mariani, Kenneth J. Pennebaker, Edward M. Penick, Jr., Michael 0.
Moore, George Pitts, Jr., Terence E. Renaud, Eugene M. Pfeifer, 111, George M. Rozzell, Jr., Father
George W. Tribou, Larry Wallace, Ray Wilson
"Designates Chief Executive Officer

State of Arkansas:

90

Bank Department

THE PLANTERS BANK
City: Osceola
Charter Number: 684
Telephone: 563-2666

200 East Hale
Mississippi County
P.O. Box 407
Zip Code: 72370
Population: 8,881
Charter Date: April 13, 1944
Branches: 2
Bank Holding Company Affiliate: None

CHAIRMAN: SLOAN RAINWATER, JR.
VICE CHM.: Wm. I RAINWATER
PRESIDENT: *JIM HINKLE

V.P. & CASHIER: BETTY H. RUE
VICE PRES.: JUNE WELBORN

Total Assets ......................•. 33,003
Loans, Net ...•...................... 13,498
Securities ........................... 12,636
Interest Bearing Balances ...........•. 1,800
Total Deposits ...................... 29,740
No. Shares Authorized ............... 20,000
No. Shares Outstanding ............. 20,000

Preferred Stock .......•................. -0Common Stock ........................ 500
Surplus ..........•............•...... 1.000
Undivided Profits .....•............•.. 1,422
Reserve for Loan Losses ................ 154
Total Equity Capital .................. 2,922
Subordinated Debt. ..................... -0-

DIRECTORS: Sloan Rainwater. Jr., E. H. Riley, Henry J. Swift, W. I. Rainwater, Dewey P. Neely,
Lowell 0. Winston, Jr., Wm. I. Rainwater, Jr., J. A. Crostwait, Paul 8. Billings, Steve Cox, Nathan
Weinberg, Jim Hinkle, Virginia Cox
*Designates Chief Executive Officer

BANK OF OZARK
City: Ozark
Charter Number: 674
Telephone: 667-2181

600 West Commercial
P.O. Box 196
Franklin County
Zip Code: 72949
Population: 3,621
Charter Date: June 9, 1937
Branches:: 1

Bank Holding Company Affiliate: Bankstock One, Inc.
CEO: *GEORGE G. GLEASON II
CHAIRMAN: CARL HOLT
V. CHM/DEPUTY CEO: MICHAEL C.
CARTER
PRES.-BANK SER.:MARK D. ROSS

PRES.-MORT. SER.: L. STEVEN ROSS
SRVP/CASHIER: HAROLD D. BECK
SRVP-LENDING: LARRY DICKS

Total Assets ......•................. 81, 167
Loans, Net .......................... 56,023
Securities .........•........•........ 11 ,820
Interest Bearing Balances •............. 100
Total Deposits .....•................ 72,200
No. Shares Authorized ............•.. 27,399
No. Shares Outstanding ........•.... 27,399

Preferred Stock ......................... -0Common Stock ..................•..... 685
Surplus .............................. 5,565
Undivided Profits ................•.... 1,590
Reserve for Loan Losses ................ 721
Total Equity Capital ................•. 7,840
Subordinated Debt. ..................... -0-

DIRECTORS: Carl G. Holt, George G. Gleason, 11, Michael C. Carter, Larry M. Dicks, M. Diane
Gleason, Mildred B. Gleason, W. D. Gober, 0. Porter Hillard, Rebecca P. Johnson, Coy
Kirkpatrick. Marcia Lawrence, Lynne G. Murphy, L. Steven Ross, Mark D. Ross, Gus Shaffer,
Kennith Smith
*Designates Chief Executive Officer

Seventy-Second Report

91

SECURITY BANK
City: Paragould
Charter Number: 640
Telephone: 239-9571

Pruett & Court
Greene County
P.O. Box 670
Population: 15,214
Zip Code: 72450
Charter Date: February 5, 1931
Branches: 3

Bank Holding Company Affiliate: Mid South Bancshares, Inc.
CHAIRMAN: FRANK OLDHAM, JR.
PRESIDENT: *WILLIAM B. FISHER
VICE PRES.: CHARLES 0. CAMPBELL

VICE PRES.: SANDRA KASSERMAN
V.P./CASHIER: STEVE GRAMLING

Total Assets •....................... 84 ,376
Loans, Net .......................... 46,440
Securities ..........................• 21,535
Interest Bearing Balances ............. 7,322
Total Deposits ...................... 75,156
No. Shares Authorized .............. 132,000
No. Shares Outstanding ............ 120,000

Preferred Stock .........................-0Co mmon Stock ...................... 1,200
Surplus ...................•.......... 1,700
Undivided Profits ..•.................. 2,907
Reserve for Loan Losses ................ 388
Total Equity Capital .................. 5,807
Subordinated Debt ................... 1,140

DIRECTORS: Francis Bland, Charles D. Campbell, Nan Dickey, Ray Distretti, William B. Fisher,
Frank Guinn, Steve Gramling, G. I. Higgins, R. D. Jackson, Richard Nutt, Frank Oldham, Jr., Dr. D.
I. Purcell, Everett Rogers, Vern Ann Shotts, Terry Wilkins
*Designates Chief Executive Officer

BANK OF PARKDALE
City: Parkdale
Charter Number: 141
Telephone: 473-2217

US Hwy. 165
Ashley County
P.O. Box 37
Population: 473
Zip Code: 71661
Charter Date: February 1, 1910
Branches: O
Bank Holding Company Afflllate: None

CHM. OF BOARD: THOMAS R. PUGH
EX. V.P.: *J. A. GIBSON
CASHIER: NITA 0. WILLIAMSON

PRESIDENT: GEORGE L. PUGH
ASST. V.P.: BRUCH M. TIMMONS
ASST. V.P.: GERALDINE G. ZATWARSKY

Total Assets ........................ 17,384
Loans, Net .......................... 10,499
Securities ............................ 3,031
Interest Bearing Balances ............. 1,000
Total Deposits ...................... 15,830
No. Shares Authorized ................ 1,600
No. Shares Outstanding .............. 1,600

Preferred Stock ......................... -0Common Stock ......................... 40
Surplus ................................ 860
Undivided Profits ...................... 331
Reserve for Loan Losses ................ 188
Total Equity Capital ................•. 1,231
Subordinated Debt ..•.................. 100

DIRECTORS: Thomas R. Pugh, Dewayne Haynes, George L. Pugh, Neill M. Sloan, Augustus H.
Pugh, Carl Wells, J. C. Larrison, Harrison Ralph, Ernest G. O'Neal, Frank A. Pugh, Garrard
Mountjoy, J. A. Gibson
*Designates Chief Executive Officer

92

State of Arkansas:

Bank Department

FIRST STATE BANK
City: Parkin
Charter Number: 568
Telephone: 755-5401

P.O. Box 526
Cross County
Zip Code: 72373

Population: 2,055
Charter Date: June 5, 1925
Branches:0

Bank Holding Company Affiliate: None
VICE PRES.: *FRED E. BRENNER, JR.

EX. V.P. & CASHIER: BRENDA F. WILLIAMS

Total Assets ........................ 11,431
Loans, Net .....................•..... 3.167
Securities ............................ 4.462
Interest Bearing Balances •.............. -0Total Deposits ....................•.. 9,509
No. Shares Authorized ................ 4,000
No. Shares Outstanding ...........•. .4,000

Preferred Stock ....•.................... -0Common Stock ........................ 100
Surplus ................................ 400
Undivided Profits ..................... 1,061
Reserve for Loan Losses ................. 50
Total Equity Capital .................. 1,561
Subordinated Debt ..................... 200

DIRECTORS: Fred E. Brenner, Jr., John A. Brenner, J.E. McNeil, Jr., C. W. Martin, 11/, Frankie C.
Martin, Charles Ruston, Jr., Charles D. Thomas
*Designates Chief Executive Officer

BANK OF PEA RIDGE
City: Pea Ridge
Charter Number: 339
Telephone: 451-8155

106 S. Curtis
P.O. Box 5
Benton County
Zip Code: 72751
Population: 1.488
Charter Date: February 11, 1911
Branches: 0
Bank Holding Company Affiliate: None

PRESIDENT: *GREG REED
CHM. OF BOARD: JIM C. WALTON
VICE PRESIDENT: ALICE WALTON
VICE PRESIDENT: BARBARA OWEN

CASHIER: VALERIE ASH
PER. DIR.: ROBERT M. HOLLINGSHEAD
CONTROLLER: J. ROBERT KELLY

Total Assets ........................ 24,702
Loans, Net .......................... 16,450
Securities ............................ 6,771
Interest Bearing Balances ............ 20,838
Total Deposits ...................... 22,650
No. Shares Authorized ........•....... 7,500
No. Shares Outstanding .............. 5,500

Preferred Stock ......................... -0Common Stock ......................... 82
Surplus .............................. 1,042
Undivided Profits ...................... 700
Reserve for Loan Losses ................ 296
Total Equity Capital .................. 1,824
Subordinated Debt. ..................... -0-

DIRECTORS: R. E. "Ed" Buck, Rick Buck, Dayne Galyen, Robert Harp, Franklin D. Miller, Alice
Walton, Jim C. Walton, C. M. Webb, Greg Reed
•oesignates Chief Executive Officer

Seventy-Second Report

93

THE PERRY COUNTY BANK
City: Perryville
Charter Number: 690
Telephone: 889-2318

201 West Main Street
Perry County
P.O. Box 189
Population: 1,200
Zip Code: 72126
Charter Date: December 8, 1945
Branches: 1

Bank Holding Company Afllllate: Perry County Bancshares
PRESIDENT & CEO: *TOM MATHIAS
VICE PRES.: NAOMI CHAMBLISS
ASST. V.P.: HELEN BRANDON

SR. V.P.: JOE CARTER
CASHIER: MARTY SATTERFIELD
ASST. CASHIER: CAROLYN BROOKS

Total Assets ........................ 37,548
Loans, Net .......................... 10, 153
Securities ........................... 19,615
Interest Bearing Balances ............. 5.247
Total Deposits ...................... 33,580
No. Shares Authorized .............•. 16,000
No. Shares Outstanding ............. 16.000

Preferred Stock ......................... -0Common Stock ....................... .400
Surplus ................................ 800
Undivided Profits ..................... 2,505
Reserve for Loan Losses ................ 100
Total Equity Capital .................. 3,705
Subordinated Debt. ..................... -0-

DIRECTORS: Tom Mathias. Rob Hill, Herby Branscum, Jr.
*Designates Chief Executive Officer

PIGGOTT STATE BANK
City: Piggott
Charter Number: 613
Telephone: 598-3802

212 West Cherry Street
Clay County
P.O. Box 307
Population: 4,000
Zip Code: 72454
Charter Date: March 19, 1930
Branches: 0

Bank Holding Company Affiliate: Piggott Bankstock, Inc.
CHM. OF BOARD: GAYLON M. LAWRENCE
PRESIDENT: *JAMES L. MAGEE

EX. V.P.: PAULA 0. BLACKWELL
V.P. & CASHIER: JAMES C. POOLE

Total Assets ........................ 29,017
Loans, Net ........................... 8,321
Securities ........................... 14,025
Interest Bearing Balances ............. 2,800
Total Deposits ...................... 22.543
No. Shares Authorized ............... .4,000
No. Shares Outstanding ............. .4,000

Preferred Stock ......................... -0Common Stock ........................ 100
Surplus ................................ 975
Undivided Profits ..................... 1,228
Reserve for Loan Losses ................ 123
Total Equity Capital •..•..........•... 2,303
Subordinated Debt. ..................... -0-

DIRECTORS: Gaylon M. Lawrence, James L. Magee, Paula 0. Blackwell, H. C. Robbins, Jr., John
0. Staples
"Designates Chief Executive Officer

State of Arkansas:

94

Bank Department

FIRST STATE BANK
Main & Broadway
P.O. Box 277
Yell County
Zip Code: 72857
Population: 750
Charter Date: January 12, 1934
Branches: 1

City: Plainview
Charter Number: 663
Telephone: 272-4221

Bank Holding Company Affiliate: Clement Bancshares, Inc.
PRESIDENT: *JOHN CLEMENT
EX. V.P.: RALPH WILSON
V.P. & CASHIER: W. E. WATSON

VICE PRES.: VERNA DANIEL
VICE PRES.: JAMES BATA

Total Assets ........................ 22,126
Loans, Net .......................... 12,844
Securities ............................ 6,688
Interest Bearing Balances .............. 700
Total Deposits ...................... 17,931
No. Shares Authorized ............... 20,000
No. Shares Outstanding ............. 20,000

Preferred Stock ........................ 200
Common Stock ........................ 200
Surplus ................................ 800
Undivided Profits ...................... 353
Reserve for Loan Losses ................ 299
Total Equity Capital .................. 1,553
Subordinated Debt ..................... 100

DIRECTORS: Edw. H. Smoot, John Clement, Ralph Wilson, George Tippin, Thelma Clement,
Helen Harris
*Designates Chief Executive Officer

BANK OF POCAHONTAS
City: Pocahontas
Charter Number: 145
Telephone: 892-5286

101 E. Broadway
P.O. Box 467
Randolph County
Zip Code: 72455
Population: 5,995
Charter Date: October 31, 1903
Branches: 1
Bank Holding Company Afllllate: None

CHM. & CEO: *HARRY A. BELFORD
PRESIDENT. JOHN R. JACKSON, JR.
VICE PRES.: J. R. JACKSON
V.P. & CASHIER: G. B. JOHNSON
VICE PRES.: W. H. HOLOBAUGH

VICE PRES.: MAX LONG
SECRETARY: MARY D. MILLER
ASST. CASHIER: MARY CULLISON
ASST. SECT.: HATTIE ROBINSON

Total Assets ........................ 39,182
Loans, Net ........................... 8,488
Securities ............•........ , ..... 21,565
Interest Bearing Balances .............. 100
Total Deposits ...................... 34,341
No. Shares Authorized . . . . . . . • . . . . . . 5,000
No. Shares Outstanding .............. 5,000

Preferred Stock ..............•.......... -0Common Stock ........•............... 125
Surplus .............................. 2,000
Undivided Profits ..................... 2,235
Reserve for Loan Losses .........•...... 192
Total Equity Capital ................. .4,360
Subordinated Debt. ..................... -0-

DIRECTORS: Harry A. Belford, Don R. Cox, J. M. Futrell, J. R. Jackson, John R. Jackson, Jr., H.
Gardner McNabb, M. C. McNabb, Carol Belford-Lewallen
"Designates Chief Executive Officer

Seventy-Second Report

95

PLANTERSANDSTOCKMENBANK
City: Pocahontas
Charter Number: 715
Telephone: 892-5252

205 Rice
Randolph County
P.O. Box 587
Population: 5,995
Zip Code: 72455
Charter Date: June 12, 1962
Branches: 0

Bank Holding Company Affiliate: Baker Financial Corporation
PRESIDENT & CEO: *JERIEL A. SUMMITT
EX. V.P.: ROBERT E. SORG

VICE. PRES.: TED GRIFFITH

Total Assets ........................ 23,136
Loans, Net .......................... 10,820
Securi1ies .........•..................6,978
Interest Bearing Balances .............. 100
Total Deposits ..................•... 21,073
No. Shares Authorized .........•.•... 10,000
No. Shares Outstanding .........•... 10,000

Preferred Stock ......................... -0Common Stock ........................ 200
Surplus .............................. 1,300
Undivided Profits ...................... 197
Reserve for Loan Losses ...........•.... 345
Total Equity Capital .................. 1,697
Subordinated Debt. ..................... -0-

DIRECTORS: A. J. Baltz, Sr., A. J. Baltz, Jr., W. J. Barthel, Robert T. Baker, Jerrell Broadway, Dr.
Thomas B. Declerk, Frank Bigger, Jerry Sallee, Frances Jones, Jeriel Summitt, Dick Trammel
*Designates Chief Executive Officer

THE LAWRENCE COUNTY BANK
City: Portia
Charter Number: 71
Telephone: 886-2461

Lawrence County
P.O. Box 160
Population: 480
Zip Code: 72457
Charter Date: March 23, 1901
Branches: 2
Bank Holding Company Affiliate: None

CHM. OF BOARD: *SLOAN RAINWATER, JR.
PRESIDENT: WILLIAM I. RAINWATER
VICE PRES.: BOYCE DURHAM

VICE PRES.: A. M. STARR
V.P./CASHIER: MARILYN K. DAVIS

Total Assets ........................ 14,357
Loans, Net ........................... 5,126
Securities ............................ 4, 779
Interest Bearing Balances ............. 1,900
Total Deposits ...................... 13,220
No. Shares Authorized ................ 5,000
No. Shares Outstanding .............. 5,000

Pre1erred Stock ......................... -0Common Stock ........................ 125
Surplus ................................ 375
Undivided Profits ...................... 545
Reserve for Loan Losses ................. 83
Total Equity Capital .................. 1,045
Subordinated Debt ...................... -0-

DIRECTORS: Boyce Durham, Earl D. Perkins, Sloan Rainwater, Jr., William I. Rainwater, A. M.
Starr, Maurice Starr, William I. Rainwater, Jr., Virginia R. Cox, Steve Cox
•Designates Chief Executive Officer

96

State of Arkansas:

Bank Department

THE PEOPLES BANK
City: Portland
Charter Number: 251
Telephone: 737-2236

Main Street
P.O. Box 178
Ashley County
Zip Code: 71663
Population: 701
Charter Date: January 22, 1908
Branches: 0

Bank Holding Company Affiliate: Mainline Bankshares of Portland, Inc.
CHAIRMAN: HAMPTON PUGH
PRES./CASHIER: *TIPTON PUGH
VICE PRES.: MARY DEAN PUGH

SEC. & ASST. CASHIER: JACK D. EDWARDS
ASST. CASHIER: JULIA A. SADLER
ASST. CASHIER: JEAN C. TARVIN

Total Assets .......................... 7,396
Loans, Net ........................... 1.572
Securities ............................ 2,749
Interest Bearing Balances ............. 2,097
Total Deposits ....................... 6,382
No. Shares Authorized ................ 4,000
No. Shares Outstanding .............. 4,000

Preferred Stock ......................... -0Common Stock ........................ 100
Surplus ................................ 525
Undivided Profits ...................... 329
Reserve for Loan Losses ................. 16
Total Equity Capital .................... 954
Subordinated Debt. ..................... -0-

DIRECTORS: Hampton Pugh, Mary Dean Pugh, Tipton Pugh, Jack D. Edwards
*Designates Chief Executive Officer

PORTLAND BANK
City: Portland
Charter Number: 57
Telephone: 737-2226

Main Street
P.O. Box 68
Ashley County
Zip Code: 71663
Population: 720
Charter Date: April 23, 1900
Branches: 1
Bank Holding Company Affiliate: None

CHAIRMAN: ROBERT D. PUGH
PRESIDENT: *MACK BORGOGNONI
V.P. & CASHIER: VANITA GRANTHAM

VICE PRES.: BILL JONES
ASST. CASHIER: RITA CHANDLER

Total Assets ........................ 14,667
Loans, Net ........................... 9,933
Securities ............................ 2,595
Interest Bearing Balances .............. 848
Total Deposits ...................... 12,389
No. Shares Authorized ............... 20,000
No. Shares Outstanding ............. 20,000

Preferred Stock ......................... -0Common Stock ........................ 200
Surplus ................................ 900
Undivided Profits ..................... .785
Reserve for Loan Losses ................. 82
Total Equity Capital .................. 1,885
Subordinated Debt. ..................... -0-

DIRECTORS: Mack Borgognoni, C. E. Bridewell, Bill Jones, Charles Fred LaGrone, Joel
Newcome, Benton Newcome, Don Pylate, Robert D. Pugh, Kenneth Reed, R. H. Tuggle
*Designates Chief Executive Officer

Seventy-Second Report

97

THE FARMERS & MERCHANTS BANK
City: Prairie Grove
Charter Number: 166
Telephone: 846-2115

102 E. Buchanan
P.O. Box 207
Washington County
Zip Code: 72753
Population: 1,708
Charter Date: August 29, 1904
Branches: 1
Bank Holding Company Affiliate: None

PRESIDENT: *JAMES C. RIEFF
EX. V.P.: W. H. THOMPSON

CASHIER: TED DOKE

Total Assets ........................ 46,406
Loans, Net .......................... 18,723
Securities ........................... 21,957
Interest Bearing Balances ............... -0Total Deposits ..................... .41,080
No. Shares Authorized ............... 12,000
No. Shares Outstanding ............. 12,000

Preferred Stock ......................... -0Common Stock ........................ 300
Surplus ................................ 300
Undivided Profits ..................... 3,935
Reserve for Loan Losses ................ 636
Total Equity Capital .................. 4,535
Subordinated Debt ..................... 300

DIRECTORS: Argil Bartholomew, B. J_ Bartholomew, Barry Parks, D. E. Rieff, James C. Rieff, W.
H. Thompson
.. Designates Chief Executive Officer

BANK OF PRESCOTT
City: Prescott
Charter Number: 162
Telephone: 887-2688

P.O. Box 492
Nevada County
Zip Code: 71857
Population: 5,000
Charter Date: August 10, 1904
Branches: 1

Bank Holding Company Affiliate: First State Holding Company of Prescott
SR. CHM.: JOHN WARREN BRANNAN
PRES.: *JOHN WARREN BRANNAN, JR.
SR. V.P. & CASHIER: JAMES A. PULLEN

VICE PRES.: JEAN K. BOLTON
VICE PRES.: JAMES E. FRANKS
VICE PRES.: ELIZABETH CRAIN

Total Assets ........................ 39,222
Loans, Net .......................... 15,953
Securities ........................... 19, 121
Interest Bearing Balances ............... -0Total Deposits ...................... 35, 131
No. Shares Authorized ............... 24,000
No. Shares Outstanding ............. 24,000

Preferred Stock ......................... -0Common Stock ........................ 600
Surplus .............................. 1,400
Undivided Profits ..................... 1,761
Reserve for Loan Losses ................ 262
Total Equity Capital ...............•.. 3,761
Subordinated Debt. ..................... -0-

DIRECTORS: John Warren Brannan, Sr., Jean K. Bolton, Carl Dalrymple, Jr., Joe M. Fore, Gerald
Hendrix, Abb Morman, James A. Pullen, John Vansickle, John Warren Brannan, Jr., Duncan
Culpepper, B. A. Delamar, Robert L. Godwin, R. K. Mccasland, R. W. Murry, Milburn Tippit
*Designates Chief Executive Officer

98

State of Arkansas:

Bank Department

THE BANK OF RECTOR
400 Main Street
P.O. Box 7
Clay County
Zip Code: 72461
Population: 2,395
Charter Date: November 15, 1930
Branches: O

City: Rector
Charter Number: 616
Telephone: 595-3591

Bank Holding Company Affiliate: None

PRESIDENT: *MARY H. SINGSBY

EXEC. V.P.: R. D. CRANFORD

Total Assets ........................ 22,881
Loans, Net ........................... 6,277
Securities ........................... 13,548
Interest Bearing Balances .............. 800
Total Deposits ...................... 20, 116
No. Shares Authorized ...•.........•. .4,000
No. Shares Outstanding ...... , ...... .4,000

Preferred Stock ......................... -0Common Stock ........................ 100
Surplus .............................. 1,400
Undivided Profits ..................... 1,103
Reserve for Loan Losses ................ 292
Total Equity Capital .................. 2,603
Subordinated Debt. ..................... -0-

DIRECTORS: R. D. Cranford, J. A. Marlar, Bert E. Sigsby, Mary H. Sigsby
*Designates Chief Executive Officer

FARMERS AND MERCHANTS BANK
City: Reyno
Charter Number: 360
Telephone: 769-2300

108 Main
P.O. Box 108
Randolph County
Zip Code: 72462
Population: 521
Charter Date: November 3, 1911
Branches: 1

Bank Holding Company Affiliate: Far-Mer Bankshares, Inc.

COB & PRES.: *WILLIAM A. SANDLIN
CASHIER: PHYLLIS BURROW

VICE PRES.: DORA GRAHAM
SEC./TREAS.: WILLIAM A. SANDLIN

Total Assets ........................ 14,085
Loans, Net ........................... 5,800
Securities ............................ 4,875
Interest Bearing Balances .............. 300
Total Deposits ...................... 12,649
No. Shares Authorized ............... 30,000
No. Shares Outstanding ............. 29,534

Preferred Stock ......................... -0Common Stock ........................ 295
Surplus ................................ 675
Undivided Profits .................•.... 342
Reserve for Loan Losses ................. 62
Total Equity Capital .................. 1,312
Subordinated Debt. ..................... -0-

DIRECTORS: William A. Sandlin, William A. Sandlin, II, James E. Leonard, Delano Edington, R. C.
Luter, J. A. Rapert
*Designates Chief Executive Officer

Seventy-Second Report

99

THE BANK OF RISON
City: Rison
Charter Number: 650
Telephone: 325-6251

200 Main Street
P.O. Box 345
Cleveland County
Zip Code: 71665
Population: 1,398
Charter Date: March 7, 1932
Branches: o
Bank Holding Company Affiliate: None

CHAIRMAN: JAMES L. MOORE
PRES. & CEO: *JAMES R. HOPSON
VICE PRES.: JOHN W. ELROD
VICE PRES.: RAY B. MARTIN

ASST. CASHIER: SHIRLEY STEWART
ASST. CASHIER: MAY DELL MORRISON
ASST. CASHIER: JUDY THOMPSON

Total Assets ........................ 15,278
Loans, Net ........................... 1,678
Securities ..........•................. 9,920
Interest Bearing Balances ............. 1,737
Total Deposits ...................... 13,173
No. Shares Authorized ................ 4,000
No. Shares Outstanding ............. .4,000

Preferred Stock ......................... -0Common Stock ........................ 100
Surplus ................................ 300
Undivided Profits .......•............. 1,597
Reserve for Loan Losses ................ -0Total Equity Capital .................. 1,997
Subordinated Debt. ..................... -0-

DIRECTORS: John W. Elrod, Ray B. Martin, James L. Moore, James R. Hopson, James L. Moore,
Ill
~Designates Chief Executive Officer

FARMERS AND MERCHANTS BANK
City: Rogers
Charter Number: 712
Telephone: 636-4233

Fourth & Chestnut
P.O. Box 250
Benton County
Zip Code: 72757
Population: 18,040
Charter Date: October 13, 1956
Branches: 2

Bank Holding Company Affiliate: Lynxx Banking Corporation
PRESIDENT & CEO: *DICK McLELLAND
VICE PRES.: CHARLES H. BRANNAN
V.P. & CASHIER: SHIRLENE CABLE

V.P. & T.0.: J. E. COLLIER
AUDITOR: BRENDA HOPKINS

Total Assets ........................ 83,104
Loans, Net .......................... 57.451
Securities ........................... 10,336
Interest Bearing Balances ............. 2,089
Total Deposits ...................... 75,096
No. Shares Authorized ............... 92,150
No. Shares Outstanding ............. 92,150

Preferred Stock ......................... -0Common Stock ........................ 922
Su~~ .............................. ~7ro
Undivided Profits ..................... 2,167
Reserve for Loan Losses ................ 692
Total Equity Capital .................. 5,868
Subordinated Debt ........•............ 800

DIRECTORS: John R. Bland, DDS, James L. Pickens, M.D. Lewis B. Norman, Robert S. Malone,
Ill, Evelyn S. Rife, Don Shores, Phillip Lynn Lloyd, William W. Thomas, Lemuel H. Tull, Dick
Mclelland
*Designates Chief Executive Officer

State of Arkansas:

100

Bank Department

PEOPLES BANK & TRUST COMPANY
City: Russellville
Charter Number: 18
Telephone: 968-2112

Second & Boulder
Pope County
P.O. Box 220
Population: 18,000
Zip Code: 72801
Charter Date: March 24, 1890
Branches; 5

Bank Holding Company Affiliate: Worthen Banking Corporation
PRES. & CEO: *JACK I. FLEISCHAUER, JR.
V.P.-OPER.: JAMES BIGGERS
VICE PRES.: CHARLES PENICK

VICE PRES.: E. WILSON MOORE
VICE PRES.: HAROLD HAYES
V.P. & CONTROLLER: JUDY R. LAWTON

Total Assets ....................... 108,963
Loans, Net .......................... 75,446
Securities ........................... 11,692
Interest Bearing Balances ............. 5,601
Total Deposits ..................... 101,998
No. Shares Authorized ............... 28,000
No. Shares Outstanding ............. 24,000

Preferred Stock ......................... -0Common Stock ........................ 600
Surplus .............................. 4,892
Undivided Profits ...................... 709
Reserve for Loan Losses .............. 2,721
Total Equity Capital .................. 6,201
Subordinated Debt. ..................... -0-

DIRECTORS: James Bibler, Cleo Cheek, Keith Cogswell, John E. Cunningham, M. L. Dickerson,
Jack I. Fleischauer, Jr., Van A. R. Moores, David B. Oates, FlaveW. Peters, Jack D. Price, Sr., David
Purtle, Dr. Robert Thurlby, Luther Hardin
*Designates Chief Executive Officer

BANK OF SALEM
City: Salem
Charter Number: 266
Telephone: 895-2591

Fulton County
P.O. Box 338
Population: 1,427
Zip Code: 72576
Charter Date: December 9, 1908
Branches: 1

Bank Holding Company Affiliate: Smith Associated Banking Corporation
CHM. OF BOARD: RICHARDT. SMITH
PRES. & CEO: *FRANK B. BURGE
SR. V.P./CASHIER: BESS NORTHCUTT
SR. V.P.: GEORGE HUMPHRIES
VICE PRES.: COOPER 0. COLLINS
VICE PRES.: JANIECE BUTLER

VICE PRES.: FRANCES ATKINS
VICE PRES.: BRENDA BARNES
ASST. V.P.: MARSHA LEWIS
ASST. V.P.: MARK MONTGOMERY
ASST. CASHIER: SHIRLEY WALLING
DATA PRO. MGR.: TONYA BASSHAM

Total Assets ........................ 44,552
Loans, Net .......................... 30,247
Securities ............................ 6,832
Interest Bearing Balances ............. 3,400
Total Deposits ...................... 40,794
No. Shares Authorized ............... 20,000
No. Shares Outstanding ............. 20,000

Preferred Stock ......................... -0Common Stock ........................ 200
Surplus .............................. 1,300
Undivided Profits ..................... 1,838
Reserve for Loan Losses ............... .429
Total Equity Capital .................. 3,338
Subordinated Debt. ..................... -0-

DIRECTORS: Richard T. Smith, Frank B. Burge, George Humphries, C. Dwayne Plumlee, L. R.
Jack Cochran
·-oesignates Chief Executive Officer

Seventy-Second Report

101

LOGAN COUNTY BANK
City: Scranton
Charter Number: 578
Telephone: 938-2511

600 Main Street
P.O. Box 85
Logan County
Zip Code: 72863

Population: 244
Charter Date: April 7, 1926
Branches: O

Bank Holding Company Affiliate: None
PRESIDENT: *JOE FRITSCHE
SR. V.P.: J.B. LAVES
VICE PRES.: JERRY L. DAVIS
VICE PRES.: GARY FRITSCHE

CASHIER & SEC. MILDRED FRITSCHE
ASST. CASHIER: EMMA M. RAPER
ASST. CASHIER: REGINA M. LAVES

Total Assets ........................ 18,766
Loans, Net ........................... 7,156
Securities ............................ 9,979
Interest Bearing Balances .............. 200
Total Deposits ...................... 16,650
No. Shares Authorized ................ 4,000
No. Shares Outstanding .............. 4,000

Preferred Stock ......................... -0Common Stock ........................ 100
Surplus ................................ 500
Undivided Profits ..................... 1,327
Reserve for Loan Losses ................. 78
Total Equity Capital .................. 1,927
Subordinated Debt ...................... -0-

DIRECTORS: Margaret Ahne, Mildred Fritsche, Joe Fritsche, J. B. Layes
*Designates Chief Executive Officer

FIRST SECURITY BANK
City: Searcy
Charter Number: 649
Telephone: 268-9871

314 North Spring
P.O. Box 1009
White County
Zip Code: 72143
Population: 14,081
Charter Date: February 6, 1932
Branches:5

Bank Holding Company Affiliate: First of Searcy Inc.
PRESIDENT & CHM.: *REYNIE RUTLEDGE
EX. V.P.: JAMES G. WILSON
SR. V.P.: B. ART RAND
VICE PRES.: JAMES STAKE
VICE PRES.: KATHRYN SIMS

A.V.P. & AUDITOR: ANN TURLEY
A.C.: ELLEN WILSON
A.C.: JOHNNY JOHNSON
V.P. & T.O.: WILLIAM L. NEWTON
A.V.P.: DANIEL HUCKABAY

Total Assets ....................... 104,660
Loans, Net .......................... 66,578
Securities ........................... 26,068
Interest Bearing Balances ............... -0Total Deposits ...................... 92,009
No. Shares Authorized ............... 24,000
No. Shares Outstanding ............. 24,000

Preferred Stock ......................... -0Common Stock ........................ 600
Surplus .............................. 4,400
Undivided Profits ..................... 5,388
Reserve for Loan Losses ................ 614
Total Equity Capital ................. 10,388
Subordinated Debt ...................... -0-

DIRECTORS: Reynie Rutledge, N. T. Rutledge, Alvin Van Hook, Jim Tarkington, Clifton L. Ganus,
Dr. Porter R. Rodgers, Jr., John McKnight, Bill Roussel, V. W. Duncan
"Designates Chief Executive Officer

102

State of Arkansas:

Bank Department

GRANT COUNTY BANK
101 North Oak Street
P.O. Box 67
Grant County
Zip Code: 72150

City: Sheridan
Charter Number: 136
Telephone: 942-3145

Population: 3,042
Charter Date: July 29, 1903
Branches: 2

Bank Holding Company Affiliate: GCB Bancshares, Inc.
CHM. OF BOARD: D. E. McCOY SR.
PRES. & T.O.: *D. E. McCOY, JR.
V.P. & CASHIER: JOHN D. MANATT

VICE PRES.: RAYMOND STOKER
ADM. ASST.: SUE REYNOLDS

Total Assets ........................ 34,934
Loans, Net .......................... 18,790
Securities ............................ 8,493
Interest Bearing Balances ............. 3,379
Total Deposits ...................... 31,348
No. Shares Authorized .............. .45,000
No. Shares Outstanding ............ .45,000

Preferred Stock ......................... -0Common Stock ....................... .450
Surplus ................................ 550
Undivided Profits ..................... 2,363
Reserve for Loan Losses ................ 197
Total Equity Capital .................. 3,363
Subordinated Debt. ..................... -0-

DIRECTORS: W.W. Allen, Byron D. Brown, Jr., Jim Lancaster, D. E. McCoy, Sr., D. E. McCoy, Jr.,
John D. Manatt, Robert L. Reeves, W. Lee Tucker
*Designates Chief Executive Officer

FIRST STATE BANK OF SHERWOOD
City: Sherwood
Charter Number: 720
Telephone: 835-4122

North Hills Shopping Center
P.O. Box 6009
Pulaski County
Zip Code: 72116
Population: 10,923
Charter Date: December 23, 1966
Branches: 3

Bank Holding Company Affiliate: State Holding Company
PRESIDENT: *AL HARKINS
SEC.-TREAS.: CATHERINE OWENS
SR. V.P.: ANNETTE VANPELT

VICE. PRES.: BRYAN SCOGGINS
INTERNAL AUDITOR: PAUL CASTLEBERRY

Total Assets ........................ 40,323
Loans, Net .......................... 24,559
Securities ............................ 6,981
Interest Bearing Balances ............. 2,835
Total Deposits ...................... 37,238
No. Shares Authorized ................ 8,000
No. Shares Outstanding .............. 8,000

Preferred Stock ......................... -0Common Stock ........................ 100
Surplus .............................. 1,000
Undivided Profits ..................... 1,573
Reserve for Loan Losses ................ 243
Total Equity Capital .................. 2,673
Subordinated Debt. ..................... -0-

DIRECTORS: Harry Hastings, Jr., Al Harkins, Horace Jewell, J.C. Nichols, Catherine Owens
*Designates Chief Executive Officer

Seventy-Second Report

103

ARKANSAS STATE BANK
City: Siloam Springs
Charter Number: 713
Telephone: 524-8101

318 E. Main
P.O. Box 400
Benton County
Zip Code: 72761
Population: 8,500
Charter Date: January 12, 1960
Branches: 1
Bank Holding Company Affiliate: None

CHM. OF BOARD: DELBERT E. ALLEN, SR.
PRESIDENT: *ROSS STOUT
V.P. & CASHIER: HENRY BROSELL, JR.

VICE PRES.: ARTHUR MORRIS
VICE PRES.: THOMAS H. FREE, Ill

Total Assets ........................ 65,264
Loans, Net .......................... 12,326
Securities .......•..........•.......• 37,599
Interest Bearing Balances .............. 409
Total Deposits ...................... 59,819
No. Shares Authorized ............... 38,400
No. Shares Outstanding ............. 38,400

Preferred Stock ......................... -0Common Stock ...................... 1,920
Surplus ....•........................... 400
Undivided Profits ..................... 2,481
Reserve for Loan Losses ................ 208
Total Equity Capital .................. 4,801
Subordinated Debt ...................... -0-

DIRECTORS: D. E. Allen, Sr., D. E. Allen, Jr., Roderick L. Allen, H. E. Harrison, Jr., Charles C.
Jones, Mark Simmons, Ross Stout
*Designates Chief Executive Officer

SMACKOVER STATE BANK
City: Smackover
Charter Number: 600
Telephone: 725-3051

708 N. Broadway
P.O. Drawer 107
Union County
Zip Code: 71762
Population: 2,456
Charter Date: April 18, 1928
Branches: 1

Bank Holding Company Affiliate: Smackover Bancshares, Inc.
CHM OF BD. & CEO: *MAX O. TAYLOR
PRESIDENT: BOB WILLETT
SR. V.P. & CASHIER: PAULETTE BUSSELL

VICE PRES.: CATHRYN M. WEAVER
ASST. V.P.: KATHY AYCOCK

Total Assets ........................ 50,629
Loans, Net .......................... 31,365
Securities ........................... 16,119
Interest Bearing Balances ............... -OT otal Deposits ...................... 43,846
No. Shares Authorized ................. 100
No. Shares Outstanding ...•......•..... 100

Preferred Stock ......................... -0Common Stock ...................... 1,000
Surplus ........................•..... 2,500
Undivided Profits ..................... 2,446
Reserve for Loan Losses ................ 200
Total Equity Capital .................. 5,946
Subordinated Debt. ...... , . , ............ -0-

DIRECTORS: Max 0. Taylor, James M. Tennyson, John D. Trimble V, Richard H. Vickers, Bob
Willett
•Designates Chief Executive Officer

104

State of Arkansas:

Bank Department

MERCHANTS & PLANTERS BANK
City: Sparkman
Charter Number: 457
Telephone: 678-2251

P.O. Box 127
Dallas County
Zip Code: 71763
Population: 622
Charter Date: September 19, 1916
Branches: 0
Bank Holding Company Affiliate: None

CHM. OF BOARD: B. J. FORD
PRESIDENT: *TYROL Q. CARSON
CASHIER: DORIS MANN

ASST. CASHIER: PATRICIA SHADDOCK
ASST. CASHIER: KATHRYN DANIELL

Total Assets .......................... 6,509
Loans, Net ........................... 3,541
Securities ............................ 1,657
Interest Bearing Balances .............. 200
Total Deposits ....................... 5,848
No. Shares Authorized ................ 3,000
No. Shares Outstanding .............. 3,000

Preferred Stock ......................... -0Common Stock ......................... 75
Surplus ................................ 125
Undivided Profits ...................... 301
Reserve for Loan Losses ................. 29
Total Equity Capital .................... 501
Subordinated Debt ..................... 100

DIRECTORS: B. J. Ford, Tyrol Q. Carson, Joseph B. Ford, G. W. De Laughter, Tommy Gaston,
Ray White
"Designates Chief Executive Officer

FIRST STATE BANK
City: Springdale
Charter Number: 535
Telephone: 751-1500

203 E. Emma
P.O. Box 189
Washington County
Zip Code: 72764
Population: 26,000
Charter Date: February 12, 1923
Branches: 4

Bank Holding Company Affiliate: Worthen Banking Corporation
CHM. OF BD./CEO: *WALTER TURNBOW
PRES./COE: RICK L. PARSONS
EX. V.P.: DON L. GIBSON
SR. V.P. LEND. DIV.: DAN HENDRICKS
SR. V.P. TRUST DIV.: ROBERT A. PHILLIPS
V.P. & COMM. LEND. MGR.: BUDDY
PHILPOT
V.P. COMM. LEND.: GARY HEAD

V.P. COMM. LEND.: WAYNE BELL
V.P. & CON. LEND. MGR.: ANDREW J.
SHRADER
V.P./RETL. BK., BRAN. & MAIN BK. TEL.:
MARILYN K. GUINN
V.P. OPERATIONS: TOMMYE. NEIL

Total Assets ....................... 158,027
Loans, Net. ........................ 108, 169
Securities ........................... 17,943
Interest Bearing Balances ............. 8,499
Total Deposits ..................... 133,104
No. Shares Authorized ................ 9,664
No. Shares Outstanding .............. 9,664

Preferred Stock ......................... -0Common Stock ........................ 966
Surplus .............................. 5,938
Undivided Profits ..................... 3,634
Reserve for Loan Losses .............. 1,916
Total Equity Capital ................. 10,538
Subordinated Debt ..................... 700

DIRECTORS: Joe S. Boone, Charles C. Farmer. Don L. Gibson, Gerald L. Harp, Harold D. Hewitt,
J.E. Hinshaw, Mace D. Howell, Gerald Johnston, Rick L. Parsons, Phil Phillips, Jr., Dr. Charles P.
Sisco, Phillip Steele, Walter Turnbow
"Designates Chief Executive Officer

Seventy-Second Report

105

BODCAW BANK
City: Stamps
Charter Number: 106
Telephone: 533-4486

401 Thomas Street
P.O. Box 8
Lafayette County
Zip Code: 71860
Population: 2,859
Charter Date: April 1, 1903
Branches: 0
Bank Holding Company Affiliate: None

PRESIDENT: *JAMES NIPPER
CHAIRMAN: B. STAN COOK
VICE PRES.: C. C. RUSSELL
VICE PRES.: A. O. SMITH

VICE PRES.: H. L. WILKINSON
VICE PRES.: J. PAUL NIPPER
CASHIER: BONNIE MORELAND
ASST. CASHIER: LENORA DOWNS

Total Assets ........................ 31,524
Loans, Net ........................... 7,245
Securities ........................... 20,014
Interest Bearing Balances ............. 1,500
Total Deposits ...................... 28,318
No. Shares Authorized ............... 10,000
No. Shares Outstanding ............. 10,000

Preferred Stock ......................... -0Common Stock ........................ 250
Surplus .............................. 1,000
Undivided Profits ..................... 1,566
Reserve for Loan Losses ................ 101
Total Equity Capital .................. 2,816
Subordinated Debt ...................... -0-

DIRECTORS: B. Stan Cook, Roy Kimbell, James Nipper, C. C. Russell, A O. Smith, J. Woodrow
Smith, H. L. Wilkinson
*Designates Chief Executive Officer

BANK OF STAR CITY
City: Star City
Charter Number: 567
Telephone: 628-4286

Jefferson Street
P.O. Box 69
Lincoln County
Zip Code: 71667

Population: 2,101
Charter Date: April 7, 1925
Branches: O

Bank Holding Company Affiliate: Star City Bancshares
CHM. OF BOARD: *BENNIE RYBURN, JR.
PRESIDENT: M. DON SMITH

EX. V.P.: JOE V. MASON
SR. V.P.: ANNETA MOORE

Total Assets ........................ 29,192
Loans, Net ........................... 9, 121
Securities ............................ 6,005
Interest Bearing Balances ............ 11,330
Total Deposits ...................... 26,747
No. Shares Authorized ............... 15,000
No. Shares Outstanding ............. 15,000

Preferred Stock ......................... -0Common Stock ........................ 150
Surplus ................................ 600
Undivided Profits ..................... 1,428
Reserve for Loan Losses ................ 138
Total Equity Capital .................. 2,178
Subordinated Debt ...................... -0-

DIRECTORS: William H. Frizzell, Pat Riley, Bennie Ryburn, Jr. Fred Thornton, M. Don Smith, Jim
Searcy
*Designates Chief Executive Officer

106

State of Arkansas:

Bank Department

STEPHENS SECURITY BANK
City: Stephens
Charter Number: 692
Telephone: 786-5416

108 Ruby Street
P.O. Box 7
Ouachita County
Zip Code: 71764
Population: 1,366
Charter Date: April 1, 1946
Branches: O
Bank Holding Company Affiliate: None

CHM. OF BOARD: RICHARD SMITH
PRES. & CEO: •JAMES M. MORGAN

VICE PRES.: JUANITA POINDEXTER
V.P. & CASHIER: CAROL REAVES

Total Assets ...•...................• 24,773
Loans, Net •.••.•.................... 14,311
Securities ............................ 3,922
Interest Bearing Balances .........•... 1,599
Total Deposits .........•............ 22,409
No. Shares Authorized ............... 11,000
No. Shares Outstanding ............. 11,000

Preferred Stock ......................... -0Common Stock ........................ 272
Surplus ................................ 558
Undivided Profits ..................... 1,173
Reserve for Loan Losses ................ 166
Total Equity Capital .................. 2,003
Subordinated Debt. ...................•. -0-

DIRECTORS: Richard T. Smith, James M. Morgan, Herbert Henderson, Roger Smith, Colon
Watson, Guy R. Smith, Duncan Grayson, Eugene Bramblett, Grady Arrington
*Designates Chief Executive Officer

CITIZENS BANK
City: Strong
Charter Number: 634
Telephone: 797-7361

2nd & Pine Street
P.O. Box 724
Union County
Zip Code: 71765
Population: 839
Charter Date: January 19, 1931
Branches: O

Bank Holding Company Affiliate: Exchange Bancshares, Inc.
CHAIRMAN: J. THOMAS MAY
PRESIDENT: *JAMES H. LUDWIG

CASHIER: JEANELL COGBURN

Total Assets .......................... 8,486
Loans, Net ............•...•.......... 1,904
Securities ...........•................ 4,414
Interest Bearing Balances ...•.......... 600
Total Deposits ....................... 6,656
No. Shares Authorized ................ 8,000
No. Shares Outstanding .............. 8,000

Preferred Stock ......................... -0Common Stock ........................ 200
Surplus ................................ 300
Undivided Profits ..................... 1, 141
Reserve for Loan Losses ................. 31
Total Equity Capital .................. 1,641
Subordinated Debt. ..................... -0-

DIRECTORS: J. Thomas May, James H. Ludwig, D.R. James, Jr., Noland H. Hagood, Earl Herring,
C. G. Johnson, 0. B. Clark
"Designates Chief Executive Officer

Seventy-Second Report

107

THE FARMERS & MERCHANTS BANK
City: Stuttgart
Charter Number: 687
Telephone: 673-6911

P.O. Drawer 947
Arkansas County
Zip Code: 72160
Population: 10,983
Charter Date: January 2, 1945
Branches: 3

Bank Holding Company Affiliate: Farmers & Merchants Bankshares, Inc.
PRESIDENT: *DON PATTILLO
SR. V.P.: CARL A. GUNTER
SR. V.P.: LLOYD RATCLIFF
SR. V.P.: WILLIAM R. TRICE

SR.
SR.
SR.
SR.

Total Assets ........................ 88,830
Loans, Net .......................... 60,811
Securities ........................... 14,642
Interest Bearing Balances ............. 1,800
Total Deposits ...................... 77,742
No. Shares Authorized .............. 100,000
No. Shares Outstanding ............ 100,000

Preferred Stock ......................... -0Common Stock .............•........ 1,000
Surplus .............................. 3, 100
Undivided Profits ............•........ 4,645
Reserve for Loan Losses ................ 489
Total Equi1y Capital .................. 8.745
Subordinated Debt. ..................... -0-

V.P.: GLEN BAUMAN
V.P.: LARRY GUNNELL
V.P.: C. J. "JODY" FOWLER
V.P. & T.O.: GARY HUDSON

DIRECTORS: B. J. St. John, Roy 0. McCollum, 111, Don Pattillo, James E. Pond, Lloyd Ratcliff,
Horace "Pete" Sickel, Curtis Siems, Billy E. Simpson, Patricia M. Townsend, Ralph Wilson
*Designattes Chief Executive Officer

BANK OF TRUMANN
City: Trumann
Charter Number: 354
Telephone: 483-6333

P.O. Box 48
Poinsett County
Zip Code: 72472
Population: 6,044
Charter Date: October 2, 1911
Branches: O
Bank Holding Company Afflllate: None

PRES. & COB: *CL YOE ROBERTSON, JR.
VICE PRES.: CARROLL D. ANDERSON
VICE PRES.: WILBURN J. COLE

VICE PRES.: RICK GILLETTE
ASST. V.P.: SHIRLEY BENSON
CASHIER: CHERYL McMASTERS

Total Assets ........................ 38,395
Loans, Net .......................... 11,565
Securities ........................... 22,080
Interest Bearing Balances ............... -0T otal Deposits ...................... 33,613
No. Shares Authorized ................ 4,000
No. Shares Outstanding .............. 4,000

Preferred Stock ......................... -0Common Stock ........................ 100
Surplus ..•........................... 3, 100
Undivided Profits ...................... 627
Reserve for Loan Losses ................ 222
Total Equity Capital .................. 3,827
Subordinated Debt. ..................... -0-

DIRECTORS: Clyde Robertson, Jr., Eugene Pounds. Natalie T. Stuckey, J. F. Lady, Terry
Clogston, Wilburn J. Cole
*Designates Chief Executive Officer

State of Arkansas:

108

Bank Department

BANK OF TUCKERMAN
City: Tuckerman
Charter Number: 164
Telephone: 349-5155

Main Street
Jackson County
P.O. Box 700
Zip Code: 72473
Population: 2,078
Charter Date: November 8, 1902
Branches: 2
Bank Holding Company Affiliate: None

CHAIRMAN: VAN SMITH
PRES. & CEO: *LINDLEY V. SMITH

CASHIER: CORNELIUS ADCOX
AUDITOR: ANN WATSON

Total Assets ........................ 23,195
Loans (Net) ......................... 10,410
Securities ............................ 5,557
Interest Bearing Balances ............. 2,591
Total Deposits ...................... 19,502
No. Shares Authorized ................ 4,000
No. Shares Outstanding .............. 4,000

Preferred Stock ......................... -0Common Stock ........................ 100
Surplus .............................. 1,400
Undivided Profits ..................... 1,667
Reserve for Loan Losses ................ 288
Total Equity Capital .................. 3, 167
Subordinated Debt ...................... -0-

DIRECTORS: Bob Penix, Van Smith, Scotty Armstrong
"Designates Chief Executive Officer

TYRONZA BANK
City: Tyronza
Charter Number: 704
Telephone: 487-2161

Main & Oak
P.O. Box 395
Poinsett County
Zip Code: 72386
Population: 777
Charter Date: October 1, 1951
Branches: O

Bank Holding Company Affiliate: Tyronza Bancshares, Inc.
PRESIDENT: *CHARLES F. LUTER
V.P. & CASHIER: MAXYNE URSERY

SECRETARY:G.E.BELEY

Total Assets ........................ 19,490
Loans (Net) .......................... 8,461
Securities ............................ 4,772
Interest Bearing Balances ............ .4,584
Total Deposits ...................... 16,421
No. Shares Authorized ................ 2,000
No. Shares Outstanding .............. 2,000

Preferred Stock ......................... -0Common Stock ......................... 50
Surplus .............................. 1,000
Undivided Profits ..................... 1,834
Reserve tor Loan Losses ................. 93
Total Equity Capital .................. 2,884
Subordinated Debt ...................... -0-

DIRECTORS: Charles F. Luter, G. E. Beley, H.F. Norcross Jr., Eugene Vaughn, A A Banks, Lewis
Wood
"DesignatE!s Chief Executive Officer

Seventy-Second Report

109

CITIZENS BANK & TRUST COMPANY
City: Van Buren
Charter Number: 328
Telephone: 474-1201

3110 Alma Hwy
P.O. Box 469
Crawford County
Zip Code: 72956
Population: 12,020
Charter Date: May 20, 1910
Branches: 3

Bank Holding Company Afflllate: Citizens Financial Service Corp.
PRES., *ROBERT A. HAMMERSCHMIDT
EX. V.P.: MELVIN M. WAMOCK
SR. V.P.: MARION H. RIGGS
VICE PRES.: MICHAEL R. MORROW

VICE PRES.: J. MICHAEL ENYART
VICE PRES.: R. H. TERRY
VICE PRES.: EUGENE P. HOBBS

Total Assets ........................ 69,618
Loans (Net) ......................... 44, 120
Securities ........................... 16,608
Interest Bearing Balances ............. 1,000
Total Deposits ...................... 61,466
No. Shares Authorized ............... 16,000
No. Shares Outstanding ............. 16,000

Preferred Stock ......................... -0Common Stock ....................... .400
Surplus .............................. 2,100
Undivided Profits ..................... 3,130
Reserve for Loan Losses ................ 511
Total Equity Capital ...•.............. 5,630
Subordinated Debt. ..................... -0-

DIRECTORS: Jack Alexander, Robert D. Fisher, Marion H. Riggs, John R. Ballentine, Jimmy D.
Gooch, Paul Shirley, Tommy Beard, R. A. Hammerschmidt, Jr., Melvin M. Warnock, Carl
Creekmore, Morril Harriman
*Designates Chief Executive Officer

BANK OF WALDO
City: Waldo
Charter Number: 53
Telephone: 693-5858

200 East Main
P.O. Box 366
Columbia County
Zip Code: 71770
Population: 1,685
Charter Date: September 2, 1899
Branches: 0
Bank Holding Company Affiliate: None

PRESIDENT: *CHARLES W. JOYCE
CHAIRMAN: CARL ROBERTS

V.P. & CASHIER: ELLEN F. SMITH
ASST. CASHIER: ALICE S. WILSON

Total Assets .......................... 9,610
Loans (Net) .......................... 8,085
Securities .................•........... 530
Interest Bearing Balances ............... -0Total Deposits ....................... 8,877
No. Shares Authorized ..........•..... 6,000
No. Shares Outstanding .............. 6,000

Preferred Stock ......................... -0Common Stock ........................ 150
Surplus ................................ 250
Undivided Profits ...................... 244
Reserve for Loan Losses ................ . 44
Total Equity Capital .................... 644
Subordinated Debt. ..•.................. -0-

DIRECTORS: Robert Genestet, Charles Joyce, John L. Perritt, Carl Roberts
.. Designates Chief Executive Officer

State of Arkansas:

110

Bank Department

THE PEOPLES BANK
City: Waldo
Charter Number: 313
Telephone: 693-5551

101 Main
P.O. Box 426
Columbia County
Zip Code: 71770
Population: 1,685
Charter Date: June 22, 1910
Branches: 3

Bank Holding Company Affiliate: Golden Oaks Bancshares Inc.
PRESIDENT: *HAROLD FINCHER
EX. V.P.: RICHARD P. CLARK
V.P. & CASHIER: JOYCE CRANE

V.P.: DOROTHY J. FINCHER
ASST. V.P.: JILL JACKSON

Total Assets ........................ 22.313
Loans (Net) .......................... 9,021
Securities ...........•................ 5,030
Interest Bearing Balances ............. 7,165
Total Deposits ...................... 19,843
No. Shares Authorized ............... 10,000
No. Shares Outstanding ............. 10,000

Preferred Stock ......................... -0Common Stock ...................•.... 250
Surplus .......•.........••............. 250
Undivided Profits ....•................ 1,778
Reserve for Loan Losses ........•...•... 116
Total Equity Capital .................. 2.278
Subordinated Debt. ..................... -0-

DIRECTORS: Harold Fincher, Richard Clark, Imogene Clark, D. J. Fincher, G. F. Scott, Betty Lou
Scott, Mary Baird, Betty Harris, Clark Fincher, Pam Davis
"Designates Chief Executive Officer

BANK OF WALDRON
City: Waldron
Charter Number: 72
Telephone: 637-2161

110 W. 4 Street
P.O. Box 278
Scott County
Zip Code: 72958

Population: 2,642
Charter Date: Apri I 3, 1901
Branches: 1

Bank Holding Company Affiliate: None
CHM. OF BOARD: DALE RODGERS
PRESIDENT: *BILL R. PHILPOT
EX. V.P.: KNOX DOZIER

VICE PRES.: ROBERT AKERS
CASHIER: LINDA TANNER

Total Assets ........................ 53,316
Loans (Net) ...................•..... 34,409
Securities ........................... 11,767
Interest Bearing Balances ............ .4,200
Total Deposits ................•..... 46,734
No. Shares Authorized ............... 24,000
No. Shares Outstanding ............. 24,000

Preferred Stock ......................... -0Common Stock ........................ 600
Surplus .............................. 1,900
Undivided Profits ..................... 3,218
Reserve for Loan Losses ................ 277
Total Equity Capital .................. 5,718
Subordinated Debt. ..................... -0-

DIRECTORS: Kelly Ashford, Bill J. Black, Jim H. Currier, W.W. Davis, Knox Dozier, Rena Owens,
Bill R. Philpot, James Richmond, Dale Rodgers, Charlye V. Davidson-Honorary
"Designates Chief Executive Officer

Seventy-Second Report

111

SCOTT COUNTY BANK
City: Waldron
Charter Number: 741
Telephone: 637-3191

5th & Featherston
P.O. Box 838
Scott County
Zip Code: 72958
Population: 2,642
Charter Date: February 20, 1980
Branches: O
Bank Holding Company Affiliate: None

CEO: *JOHN E. CHAMBERS, Ill
PRESIDENT: PATSY HAWKINS
VICE. PRES.: ROBBIE ZIMMER

CASHIER: TRISHA SIKES
ASST.CASHIER:BEKKIHAAS

Total Assets ........................ 29,769
Loans (Net) ......................... 21,020
Securities ............................ 1,904
Interest Bearing Balances ............. 4,275
Total Deposits ...................... 27,205
No. Shares Authorized .............. .40,000
No. Shares Outstanding ............. 40,000

Preferred Stock ......................... -0Common Stock ....................... .400
Surplus .............................. 1,100
Undivided Profits ...................... 859
Reserve for Loan Losses ................ 210
Total Equity Capital .................. 2,359
Subordinated Debt. ..................... -0-

DIRECTORS: John E. Chambers Ill, Patsy Hawkins, W. R. (Bud) Rice, Howard Brown, Roy E.
Hale, J. B. Cox
"Designates Chief Executive Officer

FIRST STATE BANK OF WARREN
City: Warren
Charter Number: 739
Telephone: 226-2601

100 S. Main Street
P.O. Box 29
Bradley County
Zip Code: 71671
Population: 9,971
Charter Date: December 12, 1978
Branches:2

Bank Holding Company Affiliate: Bradley Bancshares, Inc.
CHAIRMAN: *BENNIE RYBURN SR.
PRESIDENT: FREDDIE M. MOBLEY

EX. V.P.: HUGH A. QUIMBY

Total Assets ........................ 49,262
Loans (Net) ......................... 19,472
Securities ........................... 16,247
Interest Bearing Balances ............ 10,074
Total Deposits ...................... 44,206
No. Shares Authorized ............... 59,000
No. Shares Outstanding ............. 59,000

Preferred Stock ......................... -0Common Stock ........................ 590
Surplus .............................. 1,910
Undivided Profits .....•............... 1,395
Reserve for Loan Losses ...••...•....... 330
Total Equity Capital .................. 3,895
Subordinated Debt. ..................... -0-

DIRECTORS: Robert E. Garner, Roger George, Freddie M. Mobley, Hugh A. Quimby, Bennie
Ryburn, Jr., Bennie Ryburn, Sr., James Searcy, J. C. Thompson, Sidney Wharton
'""Designates Chief Executive Officer

State of Arkansas:

112

Bank Department

WARRENBANKANDTRUSTCOMPANY
City: Warren
Charter Number: 160
Telephone: 226-2621

Bradley County
P.O. Box 350
Population: 9,971
Zip Code: 71671
Charter Date: December 28, 1901
Branches: 2
Bank Holding Company Affiliate: None

PRESIDENT: *GERARD SANGSTER
SR. V.P.: GERALD BURTON
VICE PRES.: WALTER RUTLEDGE
VICE PRES.: JAMES E. SMITH

VICE PRES.: PAULINE HOLLINGSWORTH
ASST. V.P.: OUITA M. HUITT
ASST. V.P.: BILL WISENER
ASST. V.P.: CAROLYN CURRY

Total Assets ........................ 78,130
Loans (Net) ......................... 26,417
Securities .......................... .43,005
Interest Bearing Balances ......•...... 1,300
Total Deposits ...................... 68,090
No. Shares Authorized ............... 48,000
No. Shares Outstanding ............. 48,000

Preferred Stock ......................... -0Common Stock ...................... 1,200
Surplus .............................. 1,200
Undivided Profits ..................... 5,248
Reserve for Loan Losses ................ 435
Total Equity Capital .................. 7,648
Subordinated Debt. ..................... -0-

DIRECTORS: L. H. Derby, Jr., L. W. Ederington, John 8. Frazer, Jr., F. Martin Hankins, W. Sykes
Haris, J. E. Hurley, Jr., C. A. Milton, Gerard Sangster, G. F. Wynne
*Designates Chief Executive Officer

BANK OF WEINER
City: Weiner
Charter Number: 276
Telephone: 684-2221

Hwy. 49
Poinsett County
P.O. Box 307
Population: 750
Zip Code: 72479
Charter Date: April 1, 1909
Branches: 1
Bank Holding Company Affiliate: None

CHM. & PRES.: *JOHN HOGUE
EXEC. V.P.: NILES BISE
SR. V.P.: MICHAEL D. GILLIS

VICE PRES.: PHIL HESSE
VICE PRES.: PAULETTE FAHR

Total Assets ........................ 30,555
Loans (Net) ......................... 17,507
Securities ............................ 7,892
Interest Bearing Balances .............. 500
Total Deposits ...................... 26,219
No. Shares Authorized ................ 8,000
No. Shares Outstanding .............. 8,000

Preferred Stock ......................... -0Common Stock ........................ 200
Surplus .............................. t ,300
Undivided Profits ..................... 2,218
Reserve for Loan Losses ................ 265
Total Equity Capital .................. 3,718
Subordinated Debt. ..................... -0-

DIRECTORS: John Hogue, Niles Bise, Dr. E. L. Hogue, Malcolm Hogue, Herbert Ziegenhorn
.. Designates Chief Executive Officer

Seventy-Second Report

113

MERCHANTSANDFARMERSBANK
City: West Helena
Charter Number: 700
Telephone: 572-3481

425 E. Plaza
Phillips County
P.O. Box 2507
Zip Code: 72390
Population: 11,005
Charter Date: October 4, 1948
Branches:2

Bank Holding Company Affiliate: Southern Bancshares, Inc.
PRESIDENT: *DOUGLAS SIMMONS
SR. V.P.: ROY B. WARREN
V.P. & CASHIER: JAMES A. BOGLE

VICE PRES.: GORDON WHITE
VICE PRES.: E. F. KALB, JR.
VICE PRES.: BILL SIMMONS

Total Assets ........................ 69,746
Loans (Net) ......................... 34,985
Securities ........................... 26,106
Interest Bearing Balances ............. 2, 109
Total Deposits ...................... 62,345
No. Shares Authorized ............... 20,000
No. Shares Outstanding ............. 20,000

Preferred Stock ......................... -0Common Stock ........................ 500
Surplus .............................. 1,000
Undivided Profits ..................... 3,152
Reserve for Loan Losses ................ 453
Total Equity Capital ................. .4,652
Subordinated Debt ...................... -0-

DIRECTORS: James E. Boyd, Brooks Griffin, Jerry Kelley, Walter L. Morris, Ralph C. Murray, Bill
Simmons, Douglas Simmons, Herman H. Storey, Jr.
*Designates Chief Executive Officers

BANK OF WEST MEMPHIS
City: West Memphis
Charter Number: 601
Telephone: 735-2922

626 E. Broadway
P.O. Box 128
Crittenden County
Zip Code: 72301
Population: 28,138
Charter Date: April 21, 1928
Branches: 2

Bank Holding Company Affiliate: Bancshares of West Memphis, Inc.
CHAIRMAN: GEORGE DUNKLIN
PRESIDENT: *JACK K. HOGAN
EX. V.P.: ROBERT L. WRIGHT
VICE PRES.: PAUL NEAL
V.P. & AUDITOR: ROBERT L. NAYLOR
V.PRES.: MARY GOE

VICE PRES.: ARLEY KNIGHT
V.P. & CASHIER: JO DUNCAN
VICE PRES.: DORIS SWINDLER
VICE PRES.: JAN WILLIS
VICE PRES.: ADONNA PARKER

Total Assets ........................ 58,979
Loans (Net) ......................... 16,067
Securities ........................... 29,230
Interest Bearing Balances ..•............ -0Total Deposits ...................... 51,926
No. Shares Authorized .............. 100,000
No. Shares Outstanding ............ 100,000

Preferred Stock ......................... -0Common Stock ...................... 1,000
Surplus .............................. 1,500
Undivided Profits .................... .4,284
Reserve for Loan Losses ................ 248
Total Equity Capital .......•.......... 6,784
Subordinated Debt ...................... -0-

DIRECTORS: Davis Biggs, George H. Dunklin, M. E. Black Dunklin, James A. Heath, Jack K.
Hogan, Keith Ingram, W. Kent Ingram, Jr., Pat K. Magruder, Lloyd C. McCuiston, Jr., Bob G.
Morgan, Paul O'Neal, J. C. Tennison, J. Frank Waggener
*Designates Chief Executive Officer

114

State of Arkansas:

Bank Department

WILMOT STATE BANK
418 East Main
Ashley County
P.O. Box 95
Population: 1,227
Zip Code: 71676
Charter Date: October 25, 1937
Branches: O

City: Wilmot
Charter Number: 676
Telephone: 473-2211

Bank Holding Company Affiliate: None
PRESIDENT: W. B. DEYAMPERT

E. V.P. & CASH.: •KENNETH M. ALLBRITTON

Total Assets ...........•.............. 8,091
Loans (Net) .......................... 4,989
Securities ............................... 97
Interest Bearing Balances .............. 999
Total Deposits ....................... 6,767
No. Shares Authorized ............... 12,000
No. Shares 0•1tstanding ............. 12,000

Preferred Stock ......................... -0Common Stock ........................ 120
Surplus ................................ 755
Undivided Profits ...................... 374
Reserve for Loan Losses .................. 7
Total Equity Capital .................. 1,249
Subordinated Debt. ..................... -0-

DIRECTORS: William B. deYampert, John B. Currie, John B. Currie, Jr., William J. Currie, Thomas
F. Scannell, 111, I. A. Janes
'"Designates Chief Executive Officer

BANK OF WILSON
City: Wilson
Charter Number: 262
Telephone: 655-8374

55 Park
Mississippi County
P.O. Box 236
Population: 1,115
Zip Code: 72395
Charter Date: October 3, 1908
Branches: 1
Bank Holding Company Affiliate: None

CHAIRMAN: R. E. L. WILSON
PRES.: R. E. L. WILSON, V
EX. V.P.: *BILL PAYNE

CASHIER: FLORABEL BISHOP
ASST. CASHIER: ALICE GRIFFIN

Total Assets ........................ 19,158
Loans (Net) .......................... 8,232
Securities ............................ 8,612
Interest Bearing Balances ..........••. .499
Total Deposits ...................... 16,259
No. Shares Authorized ............... .4,000
No. Shares Outstanding ..........•.. .4,000

Preferred Stock ......................... -0Common Stock ........................ 100
Surplus .........................•.... 1,000
Undivided Profits ..................... 1,668
Reserve for Loan Losses ..............•.. 30
Total Equity Capital .................. 2,768
Subordinated Debt. ..................... -0-

DIRECTORS: S. R. Cullom, C. L. Denton, Jr., Phillip Forrester, J. 8. Hilliard, C. D. Lowrance, Bill
Payne, R. E. L. Wilson, R. E. L. Wilson, V
"Designates Chief Executive Officer

Seventy-Second Report

115

CROSS COUNTY BANK
1 Cross County Plaza
P.O. Box 9
Cross County
Zip Code: 72396

City: Wynne
Charter Number: 25
Telephone: 238-8171

Population: 8,500
Charter Date: June 5, 1891
Branches: 3

Bank Holding Company Affiliate: Cross County Bancshares, Inc.
PRES. & CEO: *KEN MCCLANAHAN
ADM. VIP & CASHIER: WINIFRED G.
SIGMAN
VICE PRES.: BOBBIE N. BROWN
VICE PRES.: MAZIE BALLARD

V.P. & ASST. TIO: LARRY LAWSON
VICE PRES.: ANN JONES
VICE PRES.: MAC McCLANAHAN

Total Assets ........................ 61,738
Loans (Net) ......................... 26,394
Securities ........................... 30,252
Interest Bearing Balances ....•.......... -0Total Deposits ...................... 54,415
No. Shares Authorized •............... 4,000
No. Shares Outstanding .............. 4,000

Preferred Stock ......................... -0Common Stock ........................ 100
Surplus .............................. 2,400
Undivided Profits ..................... 3,139
Reserve for Loan Losses ................ 296
Total Equity Capital .................. 5,639
Subordinated Debt. ..................... -0-

DIRECTORS: Rafe Andrews, John H. Johnston, Jr., Eugene Goodart, Albert Hess, James
Richardson, Gerald L. Blackburn, Willard G. Burks, M.D., Pete Imboden, 111, Marvin Hagaman
*Designates Chief Executive Officer

THE BANK OF YELLVILLE
City: Yellville
Charter Number: 691
Telephone: 449-4231

P.O. Box 325
Marion County
Zip Code: 72687
Population: 1,044
Charter Date: December 13, 1945
Branches: 1

Bank Holding Company Affiliate: Mountain Bancshares, Inc.
CHIEF EX. OFF.: *J. FARRELL HALL
PRESIDENT: JAMES N. THOMASON
VICE PRES.: JANIE PURDOM

ASST. VICE PRES.: SHERYLL. GRAHAM
ASST. VICE PRES.: DEBBIE HOWARD

Total Assets ........................ 45,467
Loans (Net) ......................... 27,862
Securities ............................ 9,295
Interest Bearing Balances ............. 3,496
Total Deposits ...................... 40,997
No. Shares Authorized ............... 23,500
No. Shares Outstanding ............. 20,781

Preferred Stock ......................... -0Common Stock ........................ 208
Surplus .............................. 1,590
Undivided Profits ..................... 1, 119
Reserve for Loan Losses ................ 596
Total Equity Capital .................. 2,997
Subordinated Debt. ..................... -0-

DIRECTORS: J. Farrell Hall, James N. Thomason, Oran Carter, Owen Kompelien, John James,
Karl King, Dan Duren
"Designates Chief Executive Officer

116

State of Arkansas:

Bank Department

SEVENTY-SECOND REPORT
showing

THE CONDITION OF THE
2 ARKANSAS STATE-CHARTERED
TRUST COMPANIES
(Nol engaged in commercial banking)

ASSETS AND LIABILITIES ARE AS SHOWN BY THE CALL OF
JUNE 30, 1986

Seventy-Second Report

117

JONES INVESTMENT AND TRUST COMPANY
504 First Federal Plaza
Pulaski County
Zip Code: 72201
Population: 175,000
Charter Date: February 9, 1910
Telephone: 374-5225
Branches: 0
City: Little Rock

Bank Holding Company Affiliate: None
COB, PRES. & CEO: *BERNICE JONES
VICE PRES.: H. G. FROST, JR.

SEC.-TREAS.: MARY SELLERS

Total Assets ........................ 13.357
Loans (Net) .......................... 1, 132
Securities .........•.................. 8,219
Interest Bearing Balances ............. 3,300
Total Deposits .......................... -0No. Shares Authorized ................ 1,000
No. Shares Outstanding .............. 1,000

Preferred Stock ......................... -0Common Stock ........................ 100
Surplus .....................•.....•. 10,000
Undivided Profits ..................... 3, 144
Reserve for Loan Losses ................. 16
Total Equity Capital ................. 13,244
Subordinated Debt. ..................... -0-

DIRECTORS: Bernice Jones, H. G. Frost, Jr., Mary Sellers
*Designates Chief Executive Officer

METROPOLITAN TRUST COMPANY
City: Sherwood

7500 Hwy. 107
P.O. Box 6500
Pulaski County
Zip Code: 72116
Charter Date June 5, 1925

Telephone: 835-7500

Population: 10,923
Branches: 0

Bank Holding Company Affiliate: None
CHM. OF BO.: *JUSTIN MATTHEWS, Ill
PRESIDENT: HAL C, MATTHEWS
VICE PRES,: DAVID L. MATTHEWS
VICE PRES.: ANDREW J. COLLINS

TREAS.: EVERETT L. HALL, JR.
ASST. SEC.: JEAN BRUEGEMAN
SECRETARY: PEGGY L. BEASLEY
CASHIER: ROBBIE L. WALPOLE

Total Assets ........................... 659
Loans (Net) ............................ -0Securities ............................... 20
Interest Bearing Balances .............. 292
Total Deposits ..•....................... -0No. Shares Authorized ................ 1,642
No. Shares Outstanding .............. 1,642

Preferred Stock ......................... -0Common Stock ........•............... 164
Surplus ............................•.... 33
Undivided Profits ...................... 232
Reserve for Loan Losses ................ -0T otal Equity Capital ...........•........ 429
Subordinated Debt. ..................... -0-

DIRECTORS: Justin Matthews, Ill, Walter L. Burroughs, Hal C. Matthews, David L. Matthews, Lila
B. Hornor, Lila Somers, Adkisson Collins, Robert K. Beal, J.P. Simpson Jr., Lyndell Lay, Jerry H.
Glenn Jr., Howard Cockrill
*Designates Chief Executive Officer

118

State of Arkansas:

Bank Department

SEVENTY-SECOND REPORT

showing

THE CONDITION OF THE
3 ARKANSAS STATE-CHARTERED ACT 111
INDUSTRIAL LOAN INSTITUTIONS
(Not engaged in commercial banking)

ASSETS AND LIABILITIES ARE AS SHOWN BY THE CALL OF
JUNE 30, 1986

119

Seventy-Second Report

SOUTHERN CREDIT CORPORATION
228 South Olive
P.O. Box 400
Hot Spring County
Zip Code: 72104
Charter Date October 9, 1959

City: Malvern

Population: 10,163
Branches:0

Telephone: 332-2462
Bank Holding Company Affiliate: None
PRESIDENT: ·w. H. McCLURE
EX. V.P.: LAYNE SPARKS

TREASURER: GEORGE L. McCLURE SR.

Total Assets .......................... 9,455
Loans (Net) .......................... 3,928
Securities ............................ 3,781
Interest Bearing Balances .............. 897
Total Deposits ....................... 8.147
No. Shares Authorized ............... 30,000
No. Shares Outstanding .....•....... 12, 100

Preferred Stock ......................... -0Common Stock ........................ 242
Surplus ............................... .458
Undivided Profits ...................... 503
Reserve for Loan Losses ................. 93
Total Equity Capital .................. 1,203
Subordinated Debt. ..................... -0-

DIRECTORS: W. H. McClure, Layne Sparks, George L. McClure, Sr., James C. Cole, Dr. A. J.
Wilks, Frank McClure, Nancy York, Vance Jernigan, Director Emeritus
*Designates Chief Executive Officer

HALLMARK LOAN AND INVESTMENT
CORPORATION
City: North Little Rock

305 East Broadway
P.O. Box 5821
Pulaski County
Zip Code: 72119
Charter Date October 21, 1927

Population: 64,419

Telephone: 376-3523

Branches: 0

Bank Holding Company Affiliate: Firstmark, Inc.
PRES./CH. OF BO.: *A. J. GORNATTI
V.P./SEC.: POLLY A. REDMOND

A.V.P./LOAN ACCTG.: KAREN L.
CALDWELL

Total Assets .......................... 9,735
Loans (Net) .......................... 7,545
Securities .............................. -0lnterest Bearing Balances .............. 700
Total Deposits ....................... 8,907
No. Shares Authorized ............ 1,000,000
No. Shares Outstanding ................ 245

Preferred Stock .......................... 3
Common Stock ........................ 245
Surplus ................................ 270
Undivided Profits ...................... 136
Reserve for Loan Losses ................. 21
Total Equity Capital .................... 654
Subordinated Debt. ..................... -0-

DIRECTORS: A. J. Gornatti, William Brandon, John Jacobs, Dorrance A. Williams
*Designates Chief Executive Officer

120

State of Arkansas:

Bank Department

NATIONAL CREDIT CORPORATION
City: Pine Bluff

120 West 5th Ave.
Jefferson County
P.O. Box 5317
Zip Code: 70601
Charter Date April 13, 1941

Telephone: 541-8165

Population: 63,000
Branches:0

Bank Holding Company Affiliate: Worthen Banking Corporation

PRESIDENT: *JAMES F. STOBAUGH

ASST. SEC.: BARBARA HORNER

Total Assets ........................... 326
Loans (Net) ............................. 45
Securities .............................. -01nterest Bearing Balances ............... -0Total Deposits .......................... -0No. Shares Authorized ............... 10,000
No. Shares Outstanding .............. 6,250

Preferred Stock ......................... -0Common Stock ........................ 125
Surplus ....................•......... 1,125
Undivided Profits ..................... (939)
Reserve for Loan Losses ................. 55
Total Equity Capital .................... 311
Subordinated Debt. ..................... -0-

DIRECTORS: Morrell Gathright, Kenneth Glover, Raymond Irwin, Simon Joseph, George Makris,
James T. McFall, George E. Puddephatt, Walter Simpson, William C. Southard, Donald Mark
Vanderpool, James F. Stobaugh

'"Designates Chief Executive Officer