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

  • 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
    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
  • NoIDNameAddressEstablishedService TypeMap
    04026First BankThird Avenue And South Broadway, Mccomb, MS 39648June 25, 1895Full Service Brick and Mortar
    1208388Osyka BranchLiberty And Railroad Avenues, Osyka, MS 39657August 02, 1937Full Service Brick and Mortar
    4208390Magnolia Branch284 East Bay Street, Magnolia, MS 39652May 01, 1981Full Service Brick and Mortar
    6218170Summit BranchRobb Street, Summit, MS 39666May 01, 1968Full Service Brick and Mortar
    7218171Southwest Mall BranchDelaware Avenue And Price Street, Mccomb, MS 39648July 21, 1972Full Service Brick and Mortar
    8218172Third Street Branch315 Third Street, Mccomb, MS 39648December 04, 1980Full Service Brick and Mortar
    10218715Highway 84 BranchBroad And Green Streets, Monticello, MS 39654May 28, 1969Full Service Brick and Mortar
    13208391Liberty Branch832 East Main Street, Liberty, MS 39645September 21, 1983Full Service Brick and Mortar
    14208392Brookway Boulevard Branch750 Brookway Boulevard, Brookhaven, MS 39601April 09, 1984Full Service Brick and Mortar
    16433286First Bank - Edgewood Drive Branch103 Edgewood Drive, Mccomb, MS 39648December 06, 2004Full Service Brick and Mortar

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