Federal Reserve examiners last week sounded the all clear on MidSouth Bank about 21 months after ordering its directors and managers to boost capital and improve their operational oversight. Since mid-2010, MidSouth Chairman and CEO Lee Moss and President and COO Dallas Caudle have overseen a 20 percent cut in the $240 million bank's loan portfolio and boosted its total risk-based capital ratio by almost 3 percentage points to more than 17 percent. And even though past-due loan levels remain high, MidSouth in 2011 posted a profit of more than $1 million.

SEE ALSO: Details of the Fed's August 2010 order