FIRST COMMERCIAL BANK in Jackson, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • FIRST COMMERCIAL BANK in Jackson, Mississippi (MS)
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  • General
  • FDIC Certificate #: 57069
    Status: Active
    Federal Reserve ID: 2948058
    Bank Holding Company (Regulatory Top Holder): First Commercial Bancshares, Inc. (RSSDID: 3374935, Location: Jackson, MS)
    Date Established: October 12, 2000
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 356788
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 12, 2000
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1300 Meadowbrook Road, Jackson, MS 39211
    County: Hinds
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Jackson Ms
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Metropolitan Statistical Area (MSA): Jackson, MS (#3560)
    Combined Statistical Area (CSA): Jackson-Yazoo City, MS (#298)
    Core Based Statistical Area (CBSA): Jackson, MS (#27140)
    CBSA Metro Statistical Area: Jackson, MS (#27140)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $262.4 mil
    Equity capital: $30.7 mil
    Deposits held in domestic offices: $208.6 mil
    Return on assets (ROA): 0.87% ($2.3 mil)
    Quarterly return on assets: 0.99% ($2.6 mil)
    Return on Equity (ROE): 7.97% ($2.5 mil)
    Quarterly return on equity: 8.70% ($2.7 mil)
    Net income: $2.3 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 1.22% ($3,200.7 mil)
    Quarterly Pretax return on assets: 1.40% ($3,672.9 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 27Total employees (full-time equivalent)
  • $262,353Total assets
  • $5,215Cash and due from depository institutions
  • $1,244Interest-bearing balances
  • $17,087Securities
  • $13,650Federal funds sold & reverse repurchase agreements
  • $215,803Net loans & leases
  • $3,259Loan loss allowance
  • $0Trading account assets
  • $75Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $262,353Life insurance assets
  • $10,523All other assets
  • $231,671Total liabilities and capital
  • $208,576Total liabilities
  • $163,343Total deposits
  • $208,576Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 3106.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $19,000Trading liabilities
  • $0Other borrowed funds
  • $989Subordinated debt
  • $30,682All other liabilities
  • $30,682Total equity capital
  • $30,682Total bank equity capital
  • $0Perpetual preferred stock
  • $743Common stock
  • $17,532Surplus
  • $12,407Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $563Income earned, not collected on loans
  • $0Earning assets
  • $969Long-term assets (5+ years)
  • $247,784Average Assets, year-to-date
  • $16,007Average Assets, quarterly
  • $266,676Volatile liabilities
  • $264,627Insider loans
  • $233,439FHLB advances
  • $266,971Loans and leases held for sale
  • $3,022Unused loan commitments
  • $3,022Tier 1 (core) risk-based capital
  • $30,436Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $40,387Restructured Loans and leases
  • $8,319Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,349Total interest income
  • $2,680Total interest expense
  • $8,669Net interest income
  • $432Provision for loan and lease losses
  • $573Total noninterest income
  • $0Fiduciary activities
  • $363Service charges on deposit accounts
  • $0Trading account gains & fees
  • $210Additional noninterest income
  • $5,548Total noninterest expense
  • $3,379Salaries and employee benefits
  • $467Premises and equipment expense
  • $1,702Additional noninterest expense
  • $3,262Pre-tax net operating income
  • $0Securities gains (losses)
  • $946Applicable income taxes
  • $2,316Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,316Net income attributable to bank
  • $0Net charge-offs
  • $2,316Cash dividends
  • $23Sale, conversion, retirement of capital stock, net
  • $375Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.46%Yield on earning assets
  • 1.05%Cost of funding earning assets
  • 3.41%Net interest margin
  • 0.23%Noninterest income to earning assets
  • 2.18%Noninterest expense to earning assets
  • 0.87%Net operating income to assets
  • 0.87%Return on assets (ROA)
  • 1.22%Pretax return on assets
  • 7.97%Return on equity (ROE)
  • 6.68%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 1878.26%Credit loss provision to net charge-offs
  • 160.61%Efficiency ratio
  • 60,030Assets per employee
  • 9.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 16.19%Loss allowance to loans
  • 1.49%Loss allowance to noncurrent loans
  • 578.86%Noncurrent assets plus other real estate owned to assets
  • 0.21%Noncurrent loans to loans
  • 0.26%Net loans and leases to deposits
  • 103.46%Net loans and leases to core deposits
  • 156.30%Equity capital to assets
  • 11.69%Core capital (leverage) ratio
  • 11.40%Tier 1 risk-based capital ratio
  • 13.04%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $266,676Average earning assets
  • $29,051Average equity
  • $254,577Average loans

List of branches

  • 1 Mississippi Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0356788First Commercial Bank1300 Meadowbrook Road, Jackson, MS 39211October 12, 2000Full Service Brick and Mortar

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