First Bank in Mccomb, Mississippi (MS)



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First Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)90
Total assets$341,726
Cash and due from depository institutions$41,510
Interest-bearing balances$0
Securities$131,216
Federal funds sold & reverse repurchase agreements$50
Net loans & leases$155,533
Loan loss allowance $3,814
Trading account assets$0
Bank premises and fixed assets$2,061
Other real estate owned$1,558
Goodwill and other intangibles$0
All other assets$9,798
Life insurance assets$341,726
Total liabilities and capital$307,358
Total liabilities$299,386
Total deposits$194,639
Interest-bearing deposits$299,386
Deposits held in domestic offices$71
% insured (estimated)5840.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $2,132
All other liabilities $34,368
Total equity capital$34,368
Total bank equity capital$34,368
Perpetual preferred stock$0
Common stock$1,087
Surplus$18,302
Undivided profits $14,979
Memoranda
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 $7,079
Earning assets $0
Long-term assets (5+ years) $1,321
Average Assets, year-to-date $286,799
Average Assets, quarterly $138,595
Volatile liabilities $343,925
Insider loans $342,262
FHLB advances $184,194
Loans and leases held for sale $334,104
Unused loan commitments $7,618
Tier 1 (core) risk-based capital $7,618
Tier 2 risk-based capital $32,943
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $22,735
Derivatives$6,503
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $13,867
Total interest expense $3,462
Net interest income $10,405
Provision for loan and lease losses $2,569
Total noninterest income $2,728
Fiduciary activities $0
Service charges on deposit accounts $1,335
Trading account gains & fees $0
Additional noninterest income $1,393
Total noninterest expense $7,651
Salaries and employee benefits $4,626
Premises and equipment expense $918
Additional noninterest expense $2,107
Pre-tax net operating income $2,913
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $2,913
Extraordinary gains - net $0
Net income attributable to bank $2,913
Net charge-offs $0
Cash dividends $2,913
Sale, conversion, retirement of capital stock, net $1,820
Net operating income $2,936
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.66%
Cost of funding earning assets 1.16%
Net interest margin 3.50%
Noninterest income to earning assets 0.92%
Noninterest expense to earning assets 2.57%
Net operating income to assets 0.85%
Return on assets (ROA) 0.85%
Pretax return on assets 0.85%
Return on equity (ROE) 8.49%
Retained earnings to average equity (YTD only) -0.07%
Net charge-offs to loans 1.09%
Credit loss provision to net charge-offs 141.15%
Efficiency ratio3.01%
Assets per employee$58,258
Cash dividends to net income (YTD only)3.80%
Condition Ratios (%)
Loss allowance to loans 100.79%
Loss allowance to noncurrent loans 2.39%
Noncurrent assets plus other real estate owned to assets 53.88%
Noncurrent loans to loans 2.53%
Net loans and leases to deposits4.44%
Net loans and leases to core deposits 51.95%
Equity capital to assets 55.17%
Core capital (leverage) ratio 10.06%
Tier 1 risk-based capital ratio 9.86%
Total risk-based capital ratio 17.88%
Memoranda
Average assets$19
Average earning assets$343,925
Average equity $34,318
Average loans $297,472
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$11,769
Number of Accounts1
Personal trust and agency accounts$11,769
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$11,769
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts2
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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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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