First American National Bank in Iuka, Mississippi (MS)

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First American National Bank routing number info

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First American National Bank
GeneralFDIC Certificate #: 19226
Status: Active
Federal Reserve ID: 786340
Bank Holding Company (Regulatory Top Holder): First American Bancshares, Inc. (RSSDID: 3179877, Location: Iuka, MS)
Date Established: September 05, 1964
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 8 (Domestic: 8, Interstate: No)
OTS Docket #: 9725
FDIC's unique #: 13043
Numeric code: 3
Regulator: OCC
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: No
Subchapter S Corporations: Yes
Asset Concentration Hierarchy: All Other Specialization < 1 Billion
Date of Deposit Insurance: September 05, 1964
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: June 21, 2010
Last Data Update: June 21, 2010
Data Source Date: April 05, 2012
LocationAddress: 1251 First American Drive, Iuka, MS 38852
County: Tishomingo
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
History of ChangesMerge BIF and SAIF Funds into DIF
Office Purchased
Financial SummaryTotal assets: $234.0 mil
Equity capital: $26.3 mil
Deposits held in domestic offices: $203.4 mil
Return on assets (ROA): 0.88% ($2.1 mil)
Quarterly return on assets: 1.20% ($2.8 mil)
Return on Equity (ROE): 7.87% ($2.0 mil)
Quarterly return on equity: 10.62% ($2.8 mil)
Net income: $2.0 mil
Quarterly Net income: $0.7 mil
Pretax return on assets: 0.88% ($2,058.8 mil)
Quarterly Pretax return on assets: 1.20% ($2,807.5 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)81
Total assets$233,957
Cash and due from depository institutions$14,766
Interest-bearing balances$6,713
Federal funds sold & reverse repurchase agreements$14,650
Net loans & leases$109,749
Loan loss allowance $1,691
Trading account assets$0
Bank premises and fixed assets$4,838
Other real estate owned$601
Goodwill and other intangibles$2,573
All other assets$9,105
Life insurance assets$233,957
Total liabilities and capital$207,636
Total liabilities$203,371
Total deposits$178,609
Interest-bearing deposits$203,371
Deposits held in domestic offices$89
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,969
Other borrowed funds $0
Subordinated debt $1,296
All other liabilities $26,321
Total equity capital$26,321
Total bank equity capital$26,321
Perpetual preferred stock$0
Common stock$715
Undivided profits $5,800
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $360
Earning assets $0
Long-term assets (5+ years) $1,070
Average Assets, year-to-date $208,787
Average Assets, quarterly $47,311
Volatile liabilities $228,876
Insider loans $232,144
FHLB advances $167,833
Loans and leases held for sale $227,145
Unused loan commitments $2,751
Tier 1 (core) risk-based capital $2,751
Tier 2 risk-based capital $23,811
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $10,035
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $9,706
Total interest expense $1,872
Net interest income $7,834
Provision for loan and lease losses $428
Total noninterest income $2,615
Fiduciary activities $0
Service charges on deposit accounts $1,796
Trading account gains & fees $0
Additional noninterest income $819
Total noninterest expense $7,871
Salaries and employee benefits $4,350
Premises and equipment expense $1,315
Additional noninterest expense $2,206
Pre-tax net operating income $2,150
Securities gains (losses) -$138
Applicable income taxes $0
Income before extraordinary items $2,012
Extraordinary gains - net $0
Net income attributable to bank $2,012
Net charge-offs $0
Cash dividends $2,012
Sale, conversion, retirement of capital stock, net $376
Net operating income $1,189
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.78%
Cost of funding earning assets 0.92%
Net interest margin 3.86%
Noninterest income to earning assets 1.29%
Noninterest expense to earning assets 3.88%
Net operating income to assets 0.94%
Return on assets (ROA) 0.88%
Pretax return on assets 0.88%
Return on equity (ROE) 7.87%
Retained earnings to average equity (YTD only) 3.22%
Net charge-offs to loans 0.35%
Credit loss provision to net charge-offs 113.83%
Efficiency ratio6.86%
Assets per employee$72,667
Cash dividends to net income (YTD only)2.89%
Condition Ratios (%)
Loss allowance to loans 59.10%
Loss allowance to noncurrent loans 1.52%
Noncurrent assets plus other real estate owned to assets 469.72%
Noncurrent loans to loans 0.82%
Net loans and leases to deposits0.32%
Net loans and leases to core deposits 53.96%
Equity capital to assets 54.93%
Core capital (leverage) ratio 11.25%
Tier 1 risk-based capital ratio 10.48%
Total risk-based capital ratio 14.19%
Average assets$15
Average earning assets$228,876
Average equity $25,552
Average loans $202,915
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8 Mississippi Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
013043First American National Bank1251 First American Drive, Iuka, MS 38852September 05, 1964Full Service Brick and Mortar
1247677Burnsville BranchU.S. Highway And State Road 365, Burnsville, MS 38833August 31, 1965Full Service Brick and Mortar
2247678Golden Branch207 Front Street, Golden, MS 38847May 31, 1969Full Service Brick and Mortar
7247683Tishomingo BranchHighway 25 And North Street, Tishomingo, MS 38873April 27, 1988Full Service Brick and Mortar
10282697Booneville Branch1102 N Second Street, Booneville, MS 38829January 01, 1956Full Service Brick and Mortar
13247686Saltillo Branch173 Mobile Street, Saltillo, MS 38866November 18, 1996Full Service Brick and Mortar
14447391Fulton Office Branch401 Interchange Drive, Fulton, MS 38843December 12, 2005Full Service Brick and Mortar
16181538Belmont Main Branch362 Second Street, Belmont, MS 38827May 01, 1969Full Service Brick and Mortar
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