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

  • First American National Bank in Iuka, Mississippi (MS)
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First American National Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
    Office Purchased
  • Financial Summary
  • Total 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
  • 81Total employees (full-time equivalent)
  • $233,957Total assets
  • $14,766Cash and due from depository institutions
  • $6,713Interest-bearing balances
  • $77,675Securities
  • $14,650Federal funds sold & reverse repurchase agreements
  • $109,749Net loans & leases
  • $1,691Loan loss allowance
  • $0Trading account assets
  • $4,838Bank premises and fixed assets
  • $601Other real estate owned
  • $2,573Goodwill and other intangibles
  • $233,957Life insurance assets
  • $9,105All other assets
  • $207,636Total liabilities and capital
  • $203,371Total liabilities
  • $178,609Total deposits
  • $203,371Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,969Trading liabilities
  • $0Other borrowed funds
  • $1,296Subordinated debt
  • $26,321All other liabilities
  • $26,321Total equity capital
  • $26,321Total bank equity capital
  • $0Perpetual preferred stock
  • $715Common stock
  • $19,806Surplus
  • $5,800Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $360Income earned, not collected on loans
  • $0Earning assets
  • $1,070Long-term assets (5+ years)
  • $208,787Average Assets, year-to-date
  • $47,311Average Assets, quarterly
  • $228,876Volatile liabilities
  • $232,144Insider loans
  • $167,833FHLB advances
  • $227,145Loans and leases held for sale
  • $2,751Unused loan commitments
  • $2,751Tier 1 (core) risk-based capital
  • $23,811Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,035Restructured Loans and leases
  • $308Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,706Total interest income
  • $1,872Total interest expense
  • $7,834Net interest income
  • $428Provision for loan and lease losses
  • $2,615Total noninterest income
  • $0Fiduciary activities
  • $1,796Service charges on deposit accounts
  • $0Trading account gains & fees
  • $819Additional noninterest income
  • $7,871Total noninterest expense
  • $4,350Salaries and employee benefits
  • $1,315Premises and equipment expense
  • $2,206Additional noninterest expense
  • $2,150Pre-tax net operating income
  • -$138Securities gains (losses)
  • $0Applicable income taxes
  • $2,012Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,012Net income attributable to bank
  • $0Net charge-offs
  • $2,012Cash dividends
  • $376Sale, conversion, retirement of capital stock, net
  • $1,189Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.78%Yield on earning assets
  • 0.92%Cost of funding earning assets
  • 3.86%Net interest margin
  • 1.29%Noninterest income to earning assets
  • 3.88%Noninterest expense to earning assets
  • 0.94%Net operating income to assets
  • 0.88%Return on assets (ROA)
  • 0.88%Pretax return on assets
  • 7.87%Return on equity (ROE)
  • 3.22%Retained earnings to average equity (YTD only)
  • 0.35%Net charge-offs to loans
  • 113.83%Credit loss provision to net charge-offs
  • 6.86%Efficiency ratio
  • 72,667Assets per employee
  • 2.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 59.10%Loss allowance to loans
  • 1.52%Loss allowance to noncurrent loans
  • 469.72%Noncurrent assets plus other real estate owned to assets
  • 0.82%Noncurrent loans to loans
  • 0.32%Net loans and leases to deposits
  • 53.96%Net loans and leases to core deposits
  • 54.93%Equity capital to assets
  • 11.25%Core capital (leverage) ratio
  • 10.48%Tier 1 risk-based capital ratio
  • 14.19%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $228,876Average earning assets
  • $25,552Average equity
  • $202,915Average loans

List of branches

  • 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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