First American Bank in city_name, state_name - Detailed Financial Reports, Location

First American Bank in Jackson, Mississippi (MS)
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First American Bank - Overview

General
FDIC Certificate #: 33819
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Liberty Bank and Trust Company (#20856)
Federal Reserve ID: 2060875
Date Established: July 08, 1993
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 48119
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: July 08, 1993
Last Structure Change Effective Date: August 15, 2003
Last Structure Change Process Date: August 27, 2003
Last Data Update: August 27, 2003
Data Source Date: April 05, 2012
Location
Address: 200 South Lamar Street, Suite 420, Jackson, MS 39225
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)
Financial Summary
Total assets: $21.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)

Dollar figures in thousands
14Total employees (full-time equivalent)
$18,591Total assets
$470Cash and due from depository institutions
$100Interest-bearing balances
$7,212Securities
$0Federal funds sold & reverse repurchase agreements
$10,084Net loans & leases
$361Loan loss allowance
$0Trading account assets
$164Bank premises and fixed assets
$15Other real estate owned
$29Goodwill and other intangibles
$0Life insurance assets
$617All other assets
$18,591Total liabilities and capital
$17,053Total liabilities
$16,456Total deposits
$12,997Interest-bearing deposits
$16,456Deposits held in domestic offices
0.00%% insured (estimated)
$500Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$97All other liabilities
$1,538Total equity capital
$1,538Total bank equity capital
$1,538Perpetual preferred stock
$432Common stock
$2,207Surplus
$1,141Undivided profits
Memoranda
$-2,242Noncurrent loans and leases
$1,339Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$593Earning assets
$0Long-term assets (5+ years)
$136Average Assets, year-to-date
$17,396Average Assets, quarterly
$7,443Volatile liabilities
$19,360Insider loans
$18,378FHLB advances
$4,229Loans and leases held for sale
$71Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,844Total risk weighted assets
$1,339Total unused commitments
$0Restructured Loans and leases
$310Derivatives

Income and Expense (December 31, 2002)

Dollar figures in thousands
$1,752Total interest income
$312Total interest expense
$1,440Net interest income
$76Provision for loan and lease losses
$109Total noninterest income
$0Fiduciary activities
$81Service charges on deposit accounts
$0Trading account gains & fees
$28Additional noninterest income
$1,452Total noninterest expense
$772Salaries and employee benefits
$176Premises and equipment expense
$504Additional noninterest expense
$21Pre-tax net operating income
$17Securities gains (losses)
$0Applicable income taxes
$38Income before extraordinary items
$0Extraordinary gains - net
$38Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$45Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2002)

Dollar figures in thousands
Performance Ratios (%, annualized)
9.87%Yield on earning assets
1.76%Cost of funding earning assets
8.12%Net interest margin
0.61%Noninterest income to earning assets
8.18%Noninterest expense to earning assets
0.11%Net operating income to assets
0.20%Return on assets (ROA)
0.20%Pretax return on assets
2.46%Return on equity (ROE)
2.46%Retained earnings to average equity (YTD only)
0.42%Net charge-offs to loans
168.89%Credit loss provision to net charge-offs
2.16%Efficiency ratio
91,672Assets per employee
1.33%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.46%Loss allowance to noncurrent loans
60.88%Noncurrent assets plus other real estate owned to assets
3.27%Noncurrent loans to loans
5.68%Net loans and leases to deposits
61.28%Net loans and leases to core deposits
79.23%Equity capital to assets
8.27%Core capital (leverage) ratio
5.35%Tier 1 risk-based capital ratio
11.38%Total risk-based capital ratio
Memoranda
$15Average assets
$19,360Average earning assets
$1,542Average equity
$17,743Average loans

First American Bank in Jackson, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

First American Bank - Overview

Assets and Liabilities (December 31, 2002)

Income and Expense (December 31, 2002)

Performance and Condition Ratios (December 31, 2002)

Comment about this bank, ask questions, or add new information about it:

First American Bank in Jackson, Mississippi (MS)Overview, Financial Summary, Detailed Financial Reports, Branches

First American Bank - Overview

Assets and Liabilities (December 31, 2002)

Income and Expense (December 31, 2002)

Performance and Condition Ratios (December 31, 2002)

Comment about this bank, ask questions, or add new information about it:

First American Bank in Jackson, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches