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

First Bank in Mccomb, Mississippi (MS)
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First Bank - Overview

General
FDIC Certificate #: 5907
Status: Active
Federal Reserve ID: 875936
Bank Holding Company (Regulatory Top Holder): First Southwest Corporation (RSSDID: 1082692, Location: Mccomb, MS)
Date Established: June 25, 1895
WWW: http://www.firstbankms.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 10 (Domestic: 10, Interstate: No)
FDIC's unique #: 4026
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: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
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: Third Avenue And South Broadway, Mccomb, MS 39648
County: Pike
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
Core Based Statistical Area (CBSA): McComb, MS (#32620)
CBSA Micro Statistical Area: Yes
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $341.7 mil
Equity capital: $34.4 mil
Deposits held in domestic offices: $299.4 mil
Return on assets (ROA): 0.85% ($2.9 mil)
Quarterly return on assets: 0.98% ($3.4 mil)
Return on Equity (ROE): 8.49% ($2.9 mil)
Quarterly return on equity: 9.81% ($3.3 mil)
Net income: $2.9 mil
Quarterly Net income: $0.8 mil
Pretax return on assets: 0.85% ($2,904.7 mil)
Quarterly Pretax return on assets: 0.98% ($3,348.9 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
90Total employees (full-time equivalent)
$341,726Total assets
$41,510Cash and due from depository institutions
$0Interest-bearing balances
$131,216Securities
$50Federal funds sold & reverse repurchase agreements
$155,533Net loans & leases
$3,814Loan loss allowance
$0Trading account assets
$2,061Bank premises and fixed assets
$1,558Other real estate owned
$0Goodwill and other intangibles
$341,726Life insurance assets
$9,798All other assets
$307,358Total liabilities and capital
$299,386Total liabilities
$194,639Total deposits
$299,386Interest-bearing deposits
$71Deposits held in domestic offices
5840.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$2,132Subordinated debt
$34,368All other liabilities
$34,368Total equity capital
$34,368Total bank equity capital
$0Perpetual preferred stock
$1,087Common stock
$18,302Surplus
$14,979Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$7,079Income earned, not collected on loans
$0Earning assets
$1,321Long-term assets (5+ years)
$286,799Average Assets, year-to-date
$138,595Average Assets, quarterly
$343,925Volatile liabilities
$342,262Insider loans
$184,194FHLB advances
$334,104Loans and leases held for sale
$7,618Unused loan commitments
$7,618Tier 1 (core) risk-based capital
$32,943Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$22,735Restructured Loans and leases
$6,503Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$13,867Total interest income
$3,462Total interest expense
$10,405Net interest income
$2,569Provision for loan and lease losses
$2,728Total noninterest income
$0Fiduciary activities
$1,335Service charges on deposit accounts
$0Trading account gains & fees
$1,393Additional noninterest income
$7,651Total noninterest expense
$4,626Salaries and employee benefits
$918Premises and equipment expense
$2,107Additional noninterest expense
$2,913Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$2,913Income before extraordinary items
$0Extraordinary gains - net
$2,913Net income attributable to bank
$0Net charge-offs
$2,913Cash dividends
$1,820Sale, conversion, retirement of capital stock, net
$2,936Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.66%Yield on earning assets
1.16%Cost of funding earning assets
3.50%Net interest margin
0.92%Noninterest income to earning assets
2.57%Noninterest expense to earning assets
0.85%Net operating income to assets
0.85%Return on assets (ROA)
0.85%Pretax return on assets
8.49%Return on equity (ROE)
-0.07%Retained earnings to average equity (YTD only)
1.09%Net charge-offs to loans
141.15%Credit loss provision to net charge-offs
3.01%Efficiency ratio
58,258Assets per employee
3.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
100.79%Loss allowance to loans
2.39%Loss allowance to noncurrent loans
53.88%Noncurrent assets plus other real estate owned to assets
2.53%Noncurrent loans to loans
4.44%Net loans and leases to deposits
51.95%Net loans and leases to core deposits
55.17%Equity capital to assets
10.06%Core capital (leverage) ratio
9.86%Tier 1 risk-based capital ratio
17.88%Total risk-based capital ratio
Memoranda
$19Average assets
$343,925Average earning assets
$34,318Average equity
$297,472Average loans

Total Fiduciary and Related Assets (December 31, 2011)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$11,769Managed Assets
1Number of Accounts
$11,769Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$11,769Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
2Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

10 Mississippi Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	4026	First Bank	Third Avenue And South Broadway, Mccomb, MS 39648	June 25, 1895	Full Service Brick and Mortar
1	208388	Osyka Branch	Liberty And Railroad Avenues, Osyka, MS 39657	August 02, 1937	Full Service Brick and Mortar
4	208390	Magnolia Branch	284 East Bay Street, Magnolia, MS 39652	May 01, 1981	Full Service Brick and Mortar
6	218170	Summit Branch	Robb Street, Summit, MS 39666	May 01, 1968	Full Service Brick and Mortar
7	218171	Southwest Mall Branch	Delaware Avenue And Price Street, Mccomb, MS 39648	July 21, 1972	Full Service Brick and Mortar
8	218172	Third Street Branch	315 Third Street, Mccomb, MS 39648	December 04, 1980	Full Service Brick and Mortar
10	218715	Highway 84 Branch	Broad And Green Streets, Monticello, MS 39654	May 28, 1969	Full Service Brick and Mortar
13	208391	Liberty Branch	832 East Main Street, Liberty, MS 39645	September 21, 1983	Full Service Brick and Mortar
14	208392	Brookway Boulevard Branch	750 Brookway Boulevard, Brookhaven, MS 39601	April 09, 1984	Full Service Brick and Mortar
16	433286	First Bank - Edgewood Drive Branch	103 Edgewood Drive, Mccomb, MS 39648	December 06, 2004	Full Service Brick and Mortar

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

First Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

First Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

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