STATE OF MISSISSIPPI - dbcf.state.ms.us · State of Mississippi ... In 2016 we hosted our second...

STATE OF MISSISSIPPI

ANNUAL REPORT

FISCAL YEAR ENDING

JUNE 30, 2016

Annual Report 2016 | 1

TableofContents

Message from the Commissioner ............................................................................................................ 3

Mission Statement .................................................................................................................................. 4

Guiding Values ......................................................................................................................................... 5

Functional Organizational Chart .............................................................................................................. 6

Executive Division Staff ............................................................................................................................ 7

Roster of Comptrollers / Commissioners ................................................................................................. 8

Administration and Finance Division Staff ............................................................................................... 9

Legislative Update ................................................................................................................................. 10

Banking Statutory Authority .................................................................................................................. 11

State Board of Banking Review .............................................................................................................. 12

Banking Division Staff ............................................................................................................................ 13

Examination Assignments - Banking Division ........................................................................................ 14

Banking Division Department Travel ..................................................................................................... 16

Statement of Funds - Bank Maintenance, Fund 3511 ........................................................................... 18

Banking Facility Statistics ....................................................................................................................... 19

Ranking of Mississippi Bank and Thrift Institutions by Total Assets ...................................................... 20

Ranking of Commercial Assets by State ................................................................................................ 22

Banking Division Financial Institution Charters Issued, Insolvent, or Liquidated .................................. 24

Consumer Finance Statutory Authorities .............................................................................................. 25

Consumer Finance Division Staff ........................................................................................................... 27

Examination Assignments – Consumer Finance Division ...................................................................... 28

Consumer Finance Division Department Travel .................................................................................... 30

Consumer Finance Licensee Statistics ................................................................................................... 31

Consumer Finance Division Penalties and Refunds ............................................................................... 32

Mortgage Statutory Authorities ............................................................................................................ 33

Mortgage Division Staff ......................................................................................................................... 35

Examination Assignments - Mortgage Division ..................................................................................... 36

Mortgage Division Department Travel .................................................................................................. 37

Mortgage Licensee Statistics ................................................................................................................. 38

Mortgage Penalties and Refunds ........................................................................................................... 39

Statement of Funds - Consumer Finance, Fund 3512 ........................................................................... 40

2 | Annual Report 2016


MessagefromtheCommissioner

TotheHonorableSenateandHouseofRepresentativesStateofMississippiAscommissioneroftheMississippiDepartmentofBankingandConsumerFinance(DBCF),Iampleasedtosubmitthe2016AnnualReportpursuanttothereportingrequirementsofSection81-1-113,MississippiCodeof1972.Thisreportcontainsinformationontheagency’sbudgetasofFiscalYearEnd2016(6/30/16)andregulatoryactivitiesasofCalendarYearEnd2016(12/31/16).TheDepartmentischargedwithregulatingallstatecharteredcommercialbanks,statecharteredthriftinstitutions,statecharteredcreditunions,independenttrustcompanies,consumerfinancecompanies,premiumfinancecompanies,motorvehiclesalesfinancecompanies,pawnbrokers,titlepledgelenders,consumerloanbrokers,checkcashers,mortgagelenders,moneytransmitters,creditavailabilitylenders,anddebtmanagementserviceproviders.EightypercentofallbankingassetsinMississippiresideinState-charteredbanks.Asofyear-end2016,DBCF’sBankingDivisionregulated68State-charteredcommercialbankswithassetstotaling$71billiondollars,rankingMississippi17th

largestof55U.S.bankingdepartments.Thisamountstoa6%year-over-yearincreaseinassetsundersupervision.Althoughthenumberofbanksdeclinedthroughmergerswithotherinstitutions,fewerbutlarger,morecomplexinstitutionsaretheresult.In2016,Mississippi’sbanksendedtheyearwithTier1MedianCapitalof9.48%.TheBankingDivisionalsoregulatescreditunionsandonenon-depositorytrustcompany.Mississippi’stwenty-fivestate-charteredcreditunionsendedtheyearup5.7%withregulatedassetsof$830million.LicensedcompaniesintheConsumerFinanceDivisiondecreased1.1%to2,951.ThelargestincreasebylicensetypeoccurredinCreditAvailability.Thisincreasewasaresultlegislationbeingpassedestablishingthenewproduct.ThelargestdecreasewasinMotorVehicleSalesFinancewitha24.7%decreaseforanewtotalof280licensees.CheckCashingandTitlePledgefollowedwithacombined9%decrease.TheMortgageDivisionshowedanincreaseof8%inlicensedmortgagecompaniesendingtheyearwith343,whilelicensedmortgageloanoriginatorsincreased15%to3,767.Onanationallevel,theDBCFhaslongheldmembershipandleadershiprolesintheConferenceofStateBankSupervisors(CSBS),theNationalAssociationofStateCreditUnionSupervisors(NASCUS),theNationalAssociationofConsumerCreditAdministrators(NACCA),andtheAmericanAssociationofResidentialMortgageRegulators(AARMR).DBCF’sinvolvementatthenationallevelprovidesabetterunderstandingofissuesfacingourregulatedentitiesandincreasedinfluencewithourFederalcounterparts.Onalocallevel,theDBCFcontinuestofostereconomicgrowththrougheffectiveoversightandsupervisionofourregulatedentities.In2016wehostedoursecondannualBankCEOSummitwhereparticipantswerebriefedonCongressandFinancialServices,CommunityBankResearchConference,andtheBankCaseStudyCompetition.ParticipantswerealsoprovidedanupdateonCyberSecurityexpectationsandenforcementandtheapplicationandimplementationoftheforthcomingCurrentExpectedCreditLosses(CECL)Methodology.InpreparationfortheCommunityBankResearchConference,weconductedone-on-oneinterviewswithfiveselectbankersinthestate.Questionsrelatedtothenationalandstateeconomy,regulation,smallbusinesslending,managementsuccessionandhumancapital.Thecollectionofstoriesandanecdotesprovidedmeaningfulinsightforresearchers.Additionally,weareactivelyparticipatinginvariouscommunityoutreachesonfinancialliteracy.ThankyouforyoursupportoftheDBCF’sbudgetandourgoalofincreasingexaminerstaffing,lesseningexaminerturnover,andretainingexperiencedsupervisionstafftooverseetheregulatoryprocess.DBCFisfortunatetohaveprofessional,hard-workingemployeeswhoremaindiligentandfocusedonourmissiontoprovideeffectivesupervisionandregulationofMississippi'sState-charteredbanksandotherfinancialserviceindustries.Ihopeyoufindthisreportinformative.Shouldyouhaveanyquestionsregardingthecontentsofthispublication,pleasedonothesitatetocontactme.

CharlotteN.CorleyCommissioner

MissionStatementandVision

MISSIONSTATEMENTTheMississippiDepartmentofBankingandConsumerFinance's(DBCF)primarymissionistoprovideeffectivesupervisionandregulationofMississippi'sState-charteredbanksandotherfinancialserviceindustriestoensurethepublicisprovidedwithaconvenient,safeandcompetitivebankingenvironment,alongwithfairandlawfulconsumerrelatedfinancialtransactions.

VISION

DBCF’scommitmenttoprovidingqualitysupervisiontoBankandNon-Bankindustrieswillbeapparentinourguidingvalues,efficientoperations,andourabilitytorecognizeandrespondtoevolvingindustrytrendsandresultantregulatoryandadministrativeactions.


GuidingValuesINTEGRITY:

• Integrityisacorefoundationinbuildingandretainingthecredibilityinourregulatedindustries.ThequalityofbeinghonestandofconsistentmoralandethicalstandardsisvitaltopublicandindustryconfidenceinourStatebankingsystem.

PROFESSIONALEXCELLENCE:• DBCFcontinuestofosterindustryrelationshipsthrougheffectivelycommunicatingwith

theindustry,developingagencystaff,andbymaintainingintegrityofthesupervisoryprocessandregulatoryenforcement.Theseattributesensuresustainedprofessionalexcellence.

COMMUNICATION:• Communicationisessentialtoasuccessfulregulatoryrelationshipwithourdepositoryand

non-depositoryinstitutions.Effectivelycommunicatingwithourindustriesensuresareliableinformationexchangeandsharedexpectations,whichyieldstrongworkingrelationships.

PROFESSIONALDEVELOPMENT:• Trainingofexaminationandnon-examinationstaffisakeyelementinaccomplishingour

mission.Byincreasingtheknowledgebaseofourstaff,weenhanceusefulcompetenciesvitaltoeffectivesupervisoryoversightandregulatoryenforcement.Aknowledgeablestaffcontributestothecredibilityofourprocesses,examinations,andindustryconfidence.

TEAMORIENTED:• Collaborativeeffortsofexaminationandnon-examinationstaffarecriticaltoeffectively

meetingtheneedsofourregulatedindustries.Thisworkingrelationshipensurescontinuityoftheregulatoryprocess,fromfieldexaminationstodiscussionswithbankandnon-bankexecutivemanagement.

RESPONSIVE:• DBCFiscommittedtoaddressingtheevolvingneedsofourregulatedbankingandnon-

bankingindustries.ADVOCACY:

• Whilenotspecificallydelineatedintheagency’smission,DBCFadvocacyhasbecomeavaluedbyproducttoourregulatedindustries.Bythenatureofourregulatoryinvolvement,theDBCFisactiveinfacilitatingdialoguewithfederalregulators,otherstateagencies,andtradeassociationsinaddressingregulatorychallengesandindustryconcerns.


FunctionalOrganizationalChart

TheMississippiDepartmentofBankingandConsumerFinanceisthestateagencythatregulatesandexaminesMississippistate-chartereddepositoryandnon-depositoryfinancialinstitutions.

Areasofregulatoryoversightincludestatecharteredcommercialbanks,thriftinstitutions,creditunions,independenttrustcompanies,consumerfinance,premiumfinance,motorvehiclesalesfinancecompanies,pawnbrokers,titlepledgelenders,consumerloanbrokers,checkcashers,mortgagelenders,thesaleofcommercialexchange,anddebtmanagementserviceproviders.

Functionally,theDepartmentreportsdirectlytotheGovernor.TheDepartmentisheadedbyaCommissioner who is appointed by the Governor to serve a four-year term. CommissionerCharlotteN.CorleyisassistedbyDeputyCommissionerRhoshundaG.Kelly.Anorganizationalchart has been established delineating the flow of authority, accountability and divisionresponsibility.Agencyresponsibilityisdividedintosixareas:

Banking,ConsumerFinance,Mortgage,AdministrationandFinance,Legal,andTechnology.

FunctionalOrganizationalChart

TheMississippiDepartmentofBankingandConsumerFinanceisthestateagencythatregulatesandexaminesMississippistate-chartereddepositoryandnon-depositoryfinancialinstitutions.

Areasofregulatoryoversightincludestatecharteredcommercialbanks,thriftinstitutions,creditunions,independenttrustcompanies,consumerfinance,premiumfinance,motorvehiclesalesfinancecompanies,pawnbrokers,titlepledgelenders,consumerloanbrokers,checkcashers,mortgagelenders,thesaleofcommercialexchange,anddebtmanagementserviceproviders.

Functionally,theDepartmentreportsdirectlytotheGovernor.TheDepartmentisheadedbyaCommissioner who is appointed by the Governor to serve a four-year term. CommissionerCharlotteN.CorleyisassistedbyDeputyCommissionerRhoshundaG.Kelly.Anorganizationalchart has been established delineating the flow of authority, accountability and divisionresponsibility.Agencyresponsibilityisdividedintosixareas:

Banking,ConsumerFinance,Mortgage,AdministrationandFinance,Legal,andTechnology.


2016ExecutiveStaff

(Picturedlefttoright-Brown,Kelly,Corley,Schelver)

Corley,CharlotteN. Commissioner Kelly,RhoshundaG. DeputyCommissioner Schelver,StephenF. LegalCounsel Brown,MaryElizabeth ExecutiveAssistant


RosterofComptrollers/Commissioners

BANKINGDEPARTMENT

J.S.Love January1,1923-December31,1934

DEPARTMENTOFBANKSUPERVISION MarionD.Brett December31,1934-December31,1936J.C.Fair January1,1937-December31,1941SidneyL.McLaurin January1,1942-May26,1942JoeW.Latham May27,1942-September27,1947C.T.Johnson September27,1947-January31,1955JoeW.Latham January31,1955-February4,1957W.P.McMullan,Jr. February4,1957-January5,1960RobertD.Morrow January5,1960-December30,1960LlewellynBrown December30,1960-January19,1966O.B.Bowen,Jr. March9,1966-February14,1968HoraceSteele February14,1968-January2,1973JamesH.Means January2,1973-March20,1980

DEPARTMENTOFBANKINGANDCONSUMERFINANCEFrankC.Allen March21,1980-July10,1980AlansonV.Turnbough July11,1980-December14,1980(ActingCommissioner)GlennSmith December15,1980-March21,1984JeanS.Porter March22,1984-April30,1988AlansonV.Turnbough May1,1988-July17,1988(ActingCommissioner)ThomasL.Wright July18,1988-March31,1992JosephH.Neely April1,1992-January31,1996JohnS.Allison February1,1996-August10,1997(ActingCommissioner)RonnyG.Parham August11,1997-June30,2000JohnS.Allison July1,2000-September30,2011TheresaL.Brady October1,2011-June30,2012JerryT.Wilson July1,2012-September30,2014CharlotteN.Corley October1,2014-Present


2016AdministrationandFinanceDivisionStaff

(PicturedToplefttoright-Gibson,Parrish;Bottomlefttoright-Smith,Rogers,Frazier)

Rogers,Richard Director,AdministrationandFinanceGibson,Darian Receptionist Frazier,Melissa HumanResourceDirector Parrish,Paul ITSystemsManager Smith,Tina Accountant/Auditor


2016LegislativeUpdate

DepartmentofBankingandConsumerFinanceSB 2520 Senate Bill 2520 amends Mississippi Code § 81-1-81 and grants the DBCF authority toparticipatewiththeFederalReserveinanexaminationofaBankHoldingCompanywithassetsgreaterthan$1Billion.

SB2346SenateBill2346amendstheSmallLoanRegulatoryActatMississippiCode§75-67-109andauthorizes licensees to participate in referral-fee programs and requires notice of the program beprovidedtoDBCF.

SB2349SenateBill2349amendstheSmallLoanRegulatoryActatMississippiCode§75-67-121andauthorizes“involuntaryunemploymentinsurance”tothelistofallowablecreditinsuranceproductsthatmaybeofferedbyalicensee.Itfurtherallowslicenseestooffernoncreditinsuranceproductsattheirlocationsandsetslimitationsandrestrictionsonsame.

HB1511HouseBill1511createsthe“MississippiConsumerAlternativeInstallmentLoanAct”andcreatesanotherproductthatmaybeofferedbycurrentSmallLoanRegulatoryActLicensees.TheBillcreatesanalternativeofferingforLicenseesthatisintendedtobesimplified,requiresan“abilitytorepay”standard,eliminatesfront-endfees,andallowsthelendertochargeinterestratesofupto59%perannumofunpaidprincipalbalance.

SB2409SenateBill2409createsthe“MississippiCreditAvailabilityAct.”TheActcreatesanadditionalshort-term,smalldollarconsumer-lendingproduct.Thisnewproductisaninstallmentloanproductthatauthorizesupto25%interestpermonthontheprincipalamount.TheActessentiallycombinespay-daylending and title-pledge lending that currently exist under separate statutes regulated by theDBCF.InquiriesabouttheproductorlicensingmaybedirectedtotheDBCF’sConsumerFinanceDivision.

SB2504SenateBill2504amendsandreauthorizestheMississippiS.A.F.E.MortgageActatMississippiCode§§81-18-1etseq.TheSAFEAct’ssunsetprovisionisextendeduntil2020bytheBill.TheBillfurtherupdatesMississippi’sSAFEActtobringourlawintolinewithamendmentsmadetocorrespondingfederallawsandtoaddfurtherclarificationregardingqualificationsandrecord-keepingrequirements.

HB470HouseBill470reauthorizes(withoutchange)theMississippiDebtManagementServicesActatMississippiCode§§81-22-1etseq.,byextendingthesunsetprovisionuntil2019.


BankingDivision

StatutoryAuthoritiesMISSISSIPPICODEOF1972(Annotated)

Banks............................................................................................................Section81-1-1,etseq.HoldingCompany.......................................................................................Section81-1-81,et.seq.CreditUnions............................................................................................Section81-13-1,et.seq.SavingsAssociations..................................................................................Section81-12-1,etseq.SavingsBanks............................................................................................Section81-14-1,et.seq.TrustCompanies................................................................................Section81-27-1.001,et.seq.


StateBoardofBankingReview

(Picturedlefttoright-Russ,Clayton,Green)

Mr.ThomasE.Brown,Member(deceased03-17-16) TermExpires:03-24-2015*MagnoliaStateBank,BaySprings,MSMr.JamesH.Clayton,Member TermExpires:03-23-2014*PlantersBank&TrustCompany,Indianola,MSMs.KarenO.Green,Member TermExpires:03-23-2016Grenada,MSMr.ChandlerRuss TermExpires:03-23-2018Natchez,MSTheFirstSupremeCourtDistrictpositionisvacant.Section81-3-12,MississippiCodeof1972(Annotated),isthestatutoryauthoritycreatingtheStateBoardofBankingReview.TheBoardiscomposedoffive(5)members,onememberfromeachoftheSupremeCourtdistricts,whorepresentthedepositorsandthepublicingeneral,andtwomembersfromtheStateatlarge,whoarebankersandrepresentthebankingindustry.MembersareappointedbytheGovernorfortermsoffive(5)years.TheBoard’ssoledutiesareconsiderationofapplicationsforauthoritytoestablishabank(grantordenycharter),tohearbranchapplicationsthatareprotestedordeniedbytheCommissioner,andtoissuegeneralregulationallowingparitybetweenstatecharteredbanksandnationalbanks.*Statuteallowscontinuationofappointmentuntilmemberisreappointedorreplaced.


2016MSDBCFBankingDivisionStaff

Hubbard,Sam Director,BankingDivision Akins,Matt ExaminerIIIMcDaniel,Pam AdministrativeAssistant Donald,Barbara ExaminerIIIWhatley,Terri AdministrativeAssistant Hartup,Lynda ExaminerIII Holmes,Whitney ExaminerIIILion,Paul FieldSupervisor Jones,Reed ExaminerIIISinclair,Roger FieldSupervisor McGee-Sims,Kimberly ExaminerIIIShelton,Nicky FieldSupervisor McGuire,Heather ExaminerIIIThimmes,PerryAnne SupervisorofExaminations Sisco,Michael ExaminerIII Winters,Chase ExaminerIIIMitchell,Matt SupervisoryExaminer Sims,Ashley SupervisoryExaminer Beamer,Meghann ExaminerII Hewett,Andrea ExaminerIIAshley,Bill ExaminerV King,Cody ExaminerIIHudson,Mark ExaminerV Skrmetta,Robert ExaminerIILawrence,Steve ExaminerV Smith,Erik ExaminerV Moore,Ryan ExaminerISullivan,Michael ExaminerV Alexander,Andrew TraineeCayson,Ben ExaminerIV Beck,Daniel TraineeCox,Jeff ExaminerIV Clark,Ashley TraineeHartel,Bailey ExaminerIV Clark,Matthew TraineeHerring,Ann ExaminerIV Ross,Whit ExaminerIV McNichol,Sean ExaminerIV White,Michelle ExaminerIV


StaffExaminationAssignments-2016

BankingDivisionBank,Thrift,andTrustExaminations

Examiner ParticipationAkins, Matt .............................................................................................................................................6Alexander, Andrew .................................................................................................................................8Ashley, Bill ..............................................................................................................................................7Beamer, Meghann ................................................................................................................................14Beck, Daniel ............................................................................................................................................6Bradley, Scott ..........................................................................................................................................9Cayson, Ben ..........................................................................................................................................11Clark, Ashley ...........................................................................................................................................7Clark, Matt ..............................................................................................................................................8Collins, Matt .........................................................................................................................................13Cox, Jeff ................................................................................................................................................11Donald, Barbara ....................................................................................................................................11Hartel, Bailey ........................................................................................................................................16Hartup, Lynda .......................................................................................................................................15Herring, Ann .........................................................................................................................................14Hewett, Andrea ....................................................................................................................................15Holmes, Whitney ....................................................................................................................................8Hudson, Mark .........................................................................................................................................8Jones, Reed ...........................................................................................................................................13King, Cody .............................................................................................................................................18Lawrence, Steve ...................................................................................................................................14Lion, Paul ................................................................................................................................................1McGee-Sims, Kimberly .........................................................................................................................12McGuire, Heather ...................................................................................................................................8McNichol, Sean .....................................................................................................................................13Mitchell, Matt .......................................................................................................................................10Moore, Ryan .........................................................................................................................................14Ross, Whit .............................................................................................................................................18Scarbrough, Marsdon ...........................................................................................................................10Shelton, Nicky .........................................................................................................................................1Sims, Ashley ............................................................................................................................................5Sinclair, Roger .......................................................................................................................................14Sisco, Michael .......................................................................................................................................16Skrmetta, Robert ..................................................................................................................................16Slemaker, Andrew .................................................................................................................................17Smith, Erik ............................................................................................................................................12Sullivan, Michael ....................................................................................................................................6Ronald, Taylor .......................................................................................................................................13Vaughan, Walt ........................................................................................................................................7White, Michelle ....................................................................................................................................19Winters, Chase .......................................................................................................................................5



Donald,Barbara…………………………………………………………………………………………………………………………………1Hartup,Lynda…………………………………………………………………………………………………………………………………….1Hudson,Mark………………….…………………………………………………………………………………………………………………1King,Cody…………………….………………………………………………………………………………………………………..………….1Lawrence,Steve…………………………………………………………………………………………………………………………………1McNichol,Sean…………….…………………………………………………..……………………………………………………………….2Ross,Whit………………………………………………………………………………………………………………………………………….2Sims,Ashley…………………………………………………………………………………………………………………………………….…1Sullivan,Michael………………………………………………………………………………………………………………………………13Winters,Chase…………………………………………………………………………………………………………………………………14

BankingDivisionCreditUnionExaminations

Examiner Participation


FY2016BankingDivisionDepartmentTravel

July1,2015-June30,2016 Employees Out-of-State In-State

Alexander,Chris - 160.36

Ashley,Bill 459.00 32,647.20

Beamer,Meghann 5,212.00 25,375.13

Bradley,Scott 14,325.00 45,447.64

Cayson,Ben 1,376.00 20,633.36

Collins,Matt 4,730.00 23,994.96

Corley,Charlotte 18,748.00 15,674.72

Cox,Jeff 27,264.00 44,546.75

Donald,Barbara 17,771.00 40,622.65

Hartel,Bailey 4,042.00 32,683.60

Hartup,Lynda 2,446.00 31,754.72

Herring,Ann 2,758.00 30,308.81

Hewett,Andrea - 11,063.13

Hubbard,Sam 13,951.00 19,284.51

Hudson,Mark 5,504.00 38,128.14

Jones,Reed 3,454.00 27,264.54

Kelly,Rhoshunda 19,471.00 15,714.95

King,Cody 3,868.00 34,417.55

Lawrence,Steve 7,609.00 32,239.41

Lion,Paul 8,864.00 17,719.51

McGee-Sims,Kimberly 11,007.00 31,075.77

McNichol,Sean 1,307.00 16,027.79

Mitchell,Matt 5,969.00 15,256.89

Moore,Ryan 7,178.00 26,527.31


FY2016BankingDivisionDepartmentTravel

Employees Out-of-State In-State

Ross,Whit 4,821.00 34,618.14

Scarbrough,Marsdon 10,840.00 25,455.96

Shelton,Nicky 1,414.00 21,995.51

Sims,Ashley 8,748.00 14,484.60

Sinclair,Roger 5,071.00 30,689.12

Sisco,Michael 4,577.00 28,475.64

Skrmetta,Robert 7,389.00 30,489.14

Slemaker,Andrew 1,671.00 16,775.78

Smith,Erik 1,417.00 10,425.06

Sullivan,Michael 4,119.00 31,488.04

Taylor,Ronald - 6,913.31

Thimmes,PerryAnne 2,448.00 1,590.54

Upchurch,Kyle 729.00 12,361.86

Vaughan,Walt 2,519.00 22,266.70

Whatley,Terri - 17.82

White,Michelle 2,168.00 24,310.39

Winters,Chase 1,169.00 14,465.25

TOTAL 246,413.00 955,664.96


StatementofFunds

BankMaintenance-Fund3511-FiscalYear2016July1,2015–June30,2016

REVENUE Bank ApplicationFee-Bank 52,298.99 AssessmentFees 3,233,123.12 MiscellaneousFees 52,613.25 Subtotal 3,338,035.36 CreditUnion

AssessmentFees-CreditUnion 5,005.08

MiscellaneousFees 0.00 Subtotal 5,005.08 TotalRevenue 3,343,040.44 EXPENDITURES Salaries 3,508,518.00 Travel 988,723.00 Contractual 457,708.00 Commodities 42,111.00 Equipment 54,770.00 Subtotal 5,051,830.00 TotalExpenditures 5,051,830.00


BankingFacilityStatistics

asofDecember31,2016

State State Federal Federal Banks Thrifts Banks Thrifts Total Domiciles 68 0 7 4 79MississippiBranches 650 0 201 7 858Out-of-StateBranches 444 0 98 0 542

Total 1,162 0 306 11 1,479 HostStateBranches 190 0 72 4 266


RankingofMississippiBankandThriftInstitutionsbyTotalAssets(inthousands)*

1 Gulfport WhitneyBank $23,887,8752 Tupelo BancorpSouthBank $14,723,6043 Tupelo RenasantBank $8,680,5714 Belzoni BankPlus $2,679,5075 CrystalSprings MetropolitanBank $1,156,0626 Greenwood StateBank&TrustCompany $1,051,9287 Indianola PlantersBank&TrustCompany $1,033,7328 Philadelphia TheCitizensBankofPhiladelphia $1,024,8989 Macon BankFirstFinancialServices $927,72510 Waynesboro FirstStateBank $811,09911 Forest CommunityBankofMississippi $797,04812 Biloxi CommunityBank,Coast $777,76013 Belzoni GuarantyBankandTrustCompany $707,68214 Ellisville CommunityBank $692,70315 Biloxi ThePeoplesBank $684,86316 Magee PriorityOneBank $588,21517 Pascagoula Merchants&MarineBank $564,32618 Batesville FirstSecurityBank $534,36719 Amory CommunityBank,NorthMississippi $532,19620 NewAlbany BNABank $465,73821 McComb FirstBank $456,36122 Columbia CitizensBank $405,49623 Ripley ThePeoplesBank $386,47624 Greenwood BankofCommerce $366,91625 Jackson FirstCommercialBank $361,85126 Natchez UnitedMississippiBank $347,80027 PortGibson RiverHillsBank $318,01828 BaySprings MagnoliaStateBank $298,75229 Baldwyn FarmersandMerchantsBank $295,96630 Meridian GreatSouthernBank $294,37731 Oxford FNBOxfordBank $291,40432 Mendenhall PeoplesBank $284,31233 Lucedale CenturyBank $275,61934 Pontotoc FirstChoiceBank $269,17135 YazooCity BankofYazooCity $248,87236 WaterValley MechanicsBank $229,79437 Cleveland TheClevelandStateBank $224,57538 Hazlehurst CopiahBank $213,27239 Senatobia SycamoreBank $212,874


RankingofMississippiBankandThriftInstitutionsbyTotalAssets(inthousands)*

40 HollySprings TheBankofHollySprings $210,81241 Columbia FirstSouthernBank $190,21042 Wiggins BankofWiggins $181,98643 Okolona BankofOkolona $171,84644 Forest TheBankofForest $158,48245 Kilmichael BankofKilmichael $158,14646 Brookhaven BankofBrookhaven $154,59247 DeKalb TheCommercialBank $140,82048 Anguilla BankofAnguilla $138,32749 Marks CitizensBank&TrustCompany $138,30050 Meadville BankofFranklin $134,76251 Biloxi CharterBank $129,00452 Oxford OxfordUniversityBank $127,29553 Winona BankofWinona $115,15954 HollySprings FirstStateBank $114,28355 Lexington HolmesCountyBank&TrustCompany $109,91656 Greenville TheJeffersonBank $108,53057 Corinth CommerceBank $106,85558 HollySprings Merchants&FarmersBank $95,43259 Raymond MerchantsandPlantersBank $85,25760 Collins CovingtonCountyBank $76,63061 Byhalia CitizensBank $72,32462 NorthCarrollton PeoplesBank&TrustCompany $70,38063 Morton BankofMorton $65,51164 Richton RichtonBank&TrustCompany $60,70565 WalnutGrove BankofWalnutGrove $59,03866 Charleston TallahatchieCountyBank $57,73267 BaySprings OmniBank $48,57368 Benoit BankofBenoit $17,522 TotalMississippiBankandThriftInstitutionAssets $71,402,237*RankedbyTotalAssetsasof12/31/2016.


State StateCharter NationalCharter AllBankChartersNewYorK $798,196,313 $151,534,109 $1,041,434,171California $436,126,007 $280,740,891 $717,838,308Massachusetts $376,004,932 $8,584,062 $384,588,994NorthCarolina $302,922,083 $1,679,519,285 $1,982,441,368Georgia $293,225,929 $13,212,240 $306,438,169Illinois $283,377,643 $182,536,780 $467,553,193Utah $279,274,242 $322,845,250 $602,119,492Texas $273,282,131 $203,102,952 $476,385,083Alabama $245,394,798 $12,819,317 $258,214,115Ohio $178,811,587 $2,815,793,781 $2,994,605,368Pennsylvania $153,498,572 $77,406,203 $230,904,775Delware $142,652,839 $878,055,226 $1,020,708,065Missouri $124,217,353 $50,809,218 $175,026,571NewJersey $89,510,514 $49,056,970 $138,567,484Arkansas $81,184,649 $6,947,766 $88,132,415Iowa $72,007,072 $12,240,256 $84,247,328Mississippi $71,402,234 $17,472,901 $88,875,135Virginia $69,758,401 $643,085,015 $712,843,416Louisiana $63,973,542 $9,703,356 $73,676,898Tennessee $63,094,079 $39,767,771 $102,861,850PuertoRico $57,635,538 $0 $57,635,538Indiana $56,728,645 $28,624,186 $85,352,831Wisconsin $54,041,580 $54,881,509 $108,923,089Washington $53,903,674 $16,569,510 $70,473,184Flordia $52,579,078 $131,623,653 $184,202,731Oklahoma $50,910,498 $58,087,749 $108,998,247Colorado $50,908,641 $6,646,221 $57,554,862Kentucky $50,786,003 $7,409,499 $58,195,502Michigan $48,073,652 $23,258,973 $71,332,625Hawaii $44,032,518 $7,089,898 $51,122,416Minnesota $43,448,986 $28,853,134 $72,302,120Nebraska $41,268,113 $34,988,665 $76,256,778Kansas $41,259,215 $27,581,037 $68,840,252Connecticut $35,512,215 $69,386,758 $104,898,973Oregon $34,535,681 $1,330,645 $35,866,326Maryland $32,382,743 $6,143,778 $38,526,521Montana $29,717,793 $646,303 $30,364,096WestVirginia $29,442,859 $5,621,727 $35,064,586SouthDakota $25,139,563 $3,104,734,791 $3,129,874,354SouthCarolina $24,928,843 $3,179,487 $28,108,330NorthDakota $21,051,212 $6,254,280 $27,305,492Arizona $19,837,727 $1,570,228 $21,407,955Maine $17,633,998 $6,096,622 $23,730,620Nevada $10,208,701 $185,968,471 $196,177,172RhodeIsland $9,778,391 $117,298,905 $127,077,296NewMexico $9,770,953 $5,014,562 $14,785,515

CommercialAssetsbyState(inthousands)*


State StateCharter NationalCharter AllBankChartersNewHampshire $7,993,304 $3,847,672 $11,840,976Wyoming $5,982,910 $2,181,081 $8,163,991Idaho $4,963,099 $585,372 $5,548,471Vermont $4,915,493 $1,927,799 $6,843,292Alaska $2,709,086 $3,609,848 $6,318,934Guam $2,294,503 $141,894 $2,436,397DistrictofColumbia $382,675 $674,370 $1,057,045VirginIsland $341,223 $0 $341,223Micronesia $148,025 $0 $148,025*RankedbyTotalAssetsbyStateCharterasof12/31/2016.


BankingDivisionFinancialInstitutions,ChartersIssued,InsolventorLiquidatedBanks

January1,2016–December31,2016

None


ConsumerFinanceDivision


CheckCasher..........................................................................................Section75-67-501,etseq.

CreditAvalibility......................................................................................Section75-67-601,etseq.

ConsumerLoan..........................................................................................Section81-19-1,etseq.

DebtManagement.....................................................................................Section81-22-1,etseq.

InsurancePremiumFinance.......................................................................Section81-21-1,etseq.

MoneyTransmitter....................................................................................Section75-15-1,etseq.

MotorVehicleSalesFinance......................................................................Section63-19-1,etseq.

Pawnbroker............................................................................................Section75-67-301,etseq.

SmallLoan..............................................................................................Section75-67-101,etseq.

SmallLoan..............................................................................................Section75-67-201,etseq.

TitlePledge............................................................................................Section75-67-401,etseq.


2016ConsumerFinanceDivisionStaff

Webb,Taft Director,ConsumerFinanceIngram,Wanda AdministrativeAssistantQuinto,Nicole AdministrativeAssistant Pender,Marty SupervisoryExaminer Blair,Brandon ExaminerVGarrard,Mike ExaminerVGentry,Randy ExaminerV Booker,Kris ExaminerIV Wilson,Beau ExaminerIIColeman,Patrick ExaminerII



ConsumerFinanceDivision

Examiner IndustryExamination Participation Blair,Brandon CheckCasher 51 DebtManagement 3 MotorVehicle 15 Pawnbroker 29 SmallLoan 50 TitlePledge 25 Total 173 Booker,Kris CheckCasher 47 DebtManagement 2 MotorVehicle 16 Pawnbroker 7 SmallLoan 46 TitlePledge 25 Total 143 Christian,Katherine CheckCasher 16 MotorVehicle 2 Pawnbroker 3 SmallLoan 12 TitlePledge 8 Total 41 Coleman,Patrick CheckCasher 119 DebtManagement 3 MoneyTransmitter 36 MotorVehicle 11 Pawnbroker 12 SmallLoan 31 TitlePledge 17 Total 229



Examiner IndustryExamination Participation Garrard,Mike CheckCasher 14 DebtManagement 1 MotorVehicle 1 Pawnbroker 5 SmallLoan 3 TitlePledge 3 Total 27 Gentry,Randy CheckCasher 54 DebtManagement 8 MotorVehicle 9 Pawnbroker 13 PremiumFinance 2 SmallLoan 27 TitlePledge 36 Total 149 Pender,Marty CheckCasher 75 ConsumerLoanBroker 1 DebtManagement 1 MotorVehicle 7 Pawnbroker 7 PremiumFinance 4 SmallLoan 36 TitlePledge 44 Total 175 Wilson,Beau CheckCasher 60 DebtManagement 7 MoneyTransmitter 35 MotorVehicle 3 Pawnbroker 15 SmallLoan 31 TitlePledge 32 Total 183


FY2016ConsumerFinanceDivisionDepartmentTravel

July1,2015-June30,2016 Employees Out-of-State In-State

Blair,Brandon 1,687.00 24,503.25

Booker,Kris 1,085.00 14,611.60

Christian,Katherine 1,722.00 19,472.51

Coleman,Patrick 10,417.00 20,835.83

Garrard,Mike - 4,366.22

Gentry,Randy 2,117.00 17,039.19

Pender,Marty - 16,092.38

Webb,Taft 4,692.00 2,632.78

Wilson,Beau 10,177.00 23,628.41

TOTAL 31,897.00 143,182.17


ConsumerFinanceDivisionLicenseeStatistics

January1,2016-December31,2016 Industry 12/31/2015 12/31/2016

CheckCasher 972 906

ConsumerLoanBroker 4 5

DebtManagement 36 19

InsurancePremiumFinance 47 53

MotorVehicleSalesFinance 372 111

Pawnbroker 293 256

MoneyTransmitter 95 114

SmallLoan 589 574

TitlePledge 576 551 CreditAvailability 0 417


ConsumerFinanceDivisionPenaltiesandRefunds

January1,2016-December31,2016 Industry CivilMoneyPenaltiesAssessed ConsumerRefundsPaid Pawnbroker 5,000.00 0.00 SmallLoan 5,000.00 TitlePledge 3,500.00 0.00


MortgageDivision


Mortgage……………......................................................................................Section81-18-1,etseq.


2016MortgageDivisionStaff

McCain,Traci Director,MortgageDivisionBurger,Nikki AdministrativeAssistantSpires,Mary AdministrativeAssistant Carter,Larry ExaminerV

Bost,Ty ExaminerIFitzhugh,Samantha ExaminerI


2016StaffExaminationAssignments

MortgageDivision

Examiner IndustryExamination Participation Bost,Ty Mortgage 23 Total 23 Carter,Larry Mortgage 46 Total 46 Fitzhugh,Samantha Mortgage 25 Total 25 Holmes,Whitney Mortgage 1 Total 1


FY2016MortgageDivisionDepartmentTravel

July1,2015-June30,2016Employees Out-of-State In-State

Bost,Ty 16,589.00 10,735.83

Carter,Larry 16,269.00 28,808.47

Fitzhugh,Samantha 22,709.00 16,605.78

Holmes,Whitney 15,531.00 21,387.81

McCain,Traci 871.00

TOTAL 71,969.00 77,537.89


MortgageDivisionLicenseeStatistics

January1,2016-December31,2016 Industry 12/31/2015 12/31/2016LoanOriginator 3,258 3,767

MortgageCompany 315 343

MortgageCompanyBranch 473 573


MortgagePenaltiesandRefunds

January1,2016-December31,2016 Industry CivilMoneyPenaltiesAssessed ConsumerRefundsPaidMortgage 14,000.00 0.00


StatementofFunds

ConsumerFinance-Fund3512-FiscalYear2016July1,2015–June30,2016

REVENUE Penalties-CivilMoney CheckCasher 40,000.00 TitlePledge 5,000.00 MortgageCompany 127,425.00 SmallLoan 5,000.00 Subtotal 177,425.00 Penalties-LicenseandReporting CheckCasher 1,625.00 MotorVehicle 1550.00 Pawnbroker 2,175.00 SmallLoan 625.00 TitlePledge 325.00 Subtotal 6,500.00 ConsumerLoanBroker LicenseFees 1,500.00 ExaminationFees 200.00 Subtotal 1,700.00 CheckCasher LicenseFees 523,250.00 MiscellaneousFees 75.00 ExaminationFees 273,500 Subtotal 798,175.00 CreditAvailability LicenseFees 63,000.00 Subtotal 63,000.00 DebtManagement LicenseFees 19,750.00 MiscellaneousFees 75.00 ExaminationFees 10,845.20 Subtotal 30,670.20 Mortgage LicenseFees 1,124,000.00 MiscellaneousFees 32,425.20 ExaminationFees 332,603.12 Subtotal 1,489,028.32


StatementofFunds

MoneyTransmitter LicenseFees 61,300.00 MiscellaneousFees 275.00 ExaminationFees 23,272.20 Subtotal 84,847.20 MotorVehicle LicenseFees 152,575.00 MiscellaneousFees 550.00 ExaminationFees 59,550.00 Subtotal 212,675.00 Pawnbroker LicenseFees 84,300.00 MiscellaneousFees 325.00 Subtotal 84,625.00 InsurancePremiumFinance LicenseFees 24,650.00 ExaminationFees 7,800.00 Subtotal 32,450.00 SmallLoan LicenseFees 243,800 MiscellaneousFees 700.00 ExaminationFees 176,400.00 Subtotal 420,900.00 TitlePledge LicenseFees 281,675.00 MiscellaneousFees 1,525.00 ExaminationFees 152,400.00 Subtotal 435,600.00 TotalRevenue 3,837,595.72 EXPENDITURES Salaries 2,112,451.00 Travel 265,144.00 Contractual 396,454.00 Commodities 59,172.00 Equipment 29,112.00 Subtotal 2,862,297.00 TotalExpenditures 2,862,297.00

MS DBCF Mississippi Department of Banking and Consumer Finance P. O. Box 12129 Jackson, MS 39236 (601) 321-6901 www.dbcf.ms.gov

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