First Jackson Bank, Inc. in Stevenson, Alabama (AL), TN
Overview, Financial Summary, Detailed Financial Reports, Branches

First Jackson Bank, Inc. - Overview

  • General
  • FDIC Certificate #: 23376
    Status: Active
    Federal Reserve ID: 248633
    Bank Holding Company (Regulatory Top Holder): 1st Jackson Bancshares, Inc. (RSSDID: 2306993, Location: Stevenson, AL)
    Date Established: April 10, 1981
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: Yes)
    OTS Docket #: 13698
    FDIC's unique #: 16391
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: April 10, 1981
    Last Structure Change Effective Date: Febuary 24, 2011
    Last Structure Change Process Date: Febuary 24, 2011
    Last Data Update: Febuary 24, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 43243 Us Highway 72, Stevenson, AL 35772
    County: Jackson
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Shelby
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Core Based Statistical Area (CBSA): Scottsboro, AL (#42460)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $223.9 mil
    Equity capital: $18.0 mil
    Deposits held in domestic offices: $188.7 mil
    Return on assets (ROA): 0.70% ($1.6 mil)
    Quarterly return on assets: 0.28% ($0.6 mil)
    Return on Equity (ROE): 8.73% ($1.6 mil)
    Quarterly return on equity: 3.42% ($0.6 mil)
    Net income: $1.5 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.82% ($1,836.3 mil)
    Quarterly Pretax return on assets: 0.75% ($1,679.5 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
  • 46Total employees (full-time equivalent)
  • $223,937Total assets
  • $17,039Cash and due from depository institutions
  • $6,274Interest-bearing balances
  • $66,623Securities
  • $7,200Federal funds sold & reverse repurchase agreements
  • $117,490Net loans & leases
  • $1,599Loan loss allowance
  • $0Trading account assets
  • $7,869Bank premises and fixed assets
  • $3,060Other real estate owned
  • $0Goodwill and other intangibles
  • $223,937Life insurance assets
  • $4,656All other assets
  • $205,965Total liabilities and capital
  • $188,677Total liabilities
  • $173,700Total deposits
  • $188,677Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $16,500Trading liabilities
  • $0Other borrowed funds
  • $788Subordinated debt
  • $17,972All other liabilities
  • $17,972Total equity capital
  • $17,972Total bank equity capital
  • $0Perpetual preferred stock
  • $112Common stock
  • $1,469Surplus
  • $16,391Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,337Income earned, not collected on loans
  • $232Earning assets
  • $1,437Long-term assets (5+ years)
  • $197,587Average Assets, year-to-date
  • $71,302Average Assets, quarterly
  • $211,775Volatile liabilities
  • $219,928Insider loans
  • $154,194FHLB advances
  • $216,810Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $18,734Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,313Restructured Loans and leases
  • $1,933Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,565Total interest income
  • $4,067Total interest expense
  • $6,498Net interest income
  • $860Provision for loan and lease losses
  • $457Total noninterest income
  • $0Fiduciary activities
  • $738Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$281Additional noninterest income
  • $4,562Total noninterest expense
  • $2,174Salaries and employee benefits
  • $658Premises and equipment expense
  • $1,730Additional noninterest expense
  • $1,533Pre-tax net operating income
  • $207Securities gains (losses)
  • $249Applicable income taxes
  • $1,491Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,491Net income attributable to bank
  • $0Net charge-offs
  • $1,491Cash dividends
  • $917Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.59%Yield on earning assets
  • 2.15%Cost of funding earning assets
  • 3.44%Net interest margin
  • 0.24%Noninterest income to earning assets
  • 2.42%Noninterest expense to earning assets
  • 0.62%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 0.82%Pretax return on assets
  • 8.73%Return on equity (ROE)
  • 8.73%Retained earnings to average equity (YTD only)
  • 0.77%Net charge-offs to loans
  • 93.78%Credit loss provision to net charge-offs
  • 2.61%Efficiency ratio
  • 65,593Assets per employee
  • 4.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 36.87%Noncurrent assets plus other real estate owned to assets
  • 3.30%Noncurrent loans to loans
  • 3.64%Net loans and leases to deposits
  • 62.27%Net loans and leases to core deposits
  • 76.77%Equity capital to assets
  • 8.03%Core capital (leverage) ratio
  • 8.64%Tier 1 risk-based capital ratio
  • 12.15%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $211,775Average earning assets
  • $17,080Average equity
  • $188,835Average loans

List of branches

  • 5 Alabama Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016391First Jackson Bank, Inc.43243 Us Highway 72, Stevenson, AL 35772April 10, 1981Full Service Brick and Mortar
    2256295Bridgeport Branch50550 Us Hwy 277, Bridgeport, AL 35740June 13, 1988Full Service Brick and Mortar
    3256296Scottsboro Branch408 East Laurel Street, Scottsboro, AL 35768December 16, 1996Full Service Brick and Mortar
    4294956Scottsboro Wal-Mart Branch24807 John T. Reid Parkway, Scottsboro, AL 35768Febuary 24, 2000Full Service Retail
    5469746Wal-Mart Shopping Center Branch308 Sutton Road, Owens Cross Roads, AL 35763November 16, 2007Full Service Brick and Mortar
  • 1 Tennessee Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    6485224South Pittsburg Branch201 Battlecreek Road, South Pittsburg, TN 37380November 17, 2008Full Service Brick and Mortar

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