First National Bank in Paragould, Arkansas (AR)

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First National Bank
GeneralFDIC Certificate #: 3887
Status: Active
Federal Reserve ID: 42448
Bank Holding Company (Regulatory Top Holder): First Paragould Bankshares, Inc. (RSSDID: 1119383, Location: Paragould, AR)
Date Established: March 22, 1889
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 9 (Domestic: 9, Interstate: No)
OTS Docket #: 10322
FDIC's unique #: 2535
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Agricultural 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: Second And Court Streets, Paragould, AR 72450
County: Greene
Quarterly Banking Profile Region: Dallas
FDIC Geographic Region: Dallas
FDIC Supervisory Region: Dallas
FDIC Field Office: Memphis
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Western
Combined Statistical Area (CSA): Jonesboro-Paragould, AR (#308)
Core Based Statistical Area (CBSA): Paragould, AR (#37500)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $676.3 mil
Equity capital: $79.6 mil
Deposits held in domestic offices: $536.7 mil
Return on assets (ROA): 1.54% ($10.4 mil)
Quarterly return on assets: 1.49% ($10.1 mil)
Return on Equity (ROE): 13.33% ($10.7 mil)
Quarterly return on equity: 12.65% ($10.1 mil)
Net income: $10.3 mil
Quarterly Net income: $2.5 mil
Pretax return on assets: 2.24% ($15,148.3 mil)
Quarterly Pretax return on assets: 2.06% ($13,931.1 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)146
Total assets$676,265
Cash and due from depository institutions$40,321
Interest-bearing balances$36,042
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$496,114
Loan loss allowance $9,497
Trading account assets$0
Bank premises and fixed assets$11,411
Other real estate owned$165
Goodwill and other intangibles$0
All other assets$15,332
Life insurance assets$676,265
Total liabilities and capital$596,699
Total liabilities$536,726
Total deposits$496,985
Interest-bearing deposits$536,726
Deposits held in domestic offices$88
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$57,500
Other borrowed funds $0
Subordinated debt $2,473
All other liabilities $79,566
Total equity capital$79,566
Total bank equity capital$79,566
Perpetual preferred stock$0
Common stock$1,200
Undivided profits $74,865
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $951
Income earned, not collected on loans $1,930
Earning assets $0
Long-term assets (5+ years) $7,689
Average Assets, year-to-date $645,078
Average Assets, quarterly $147,239
Volatile liabilities $667,096
Insider loans $680,406
FHLB advances $491,019
Loans and leases held for sale $678,756
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $76,672
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $71,849
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $35,317
Total interest expense $9,674
Net interest income $25,643
Provision for loan and lease losses $1,696
Total noninterest income $6,561
Fiduciary activities $0
Service charges on deposit accounts $3,690
Trading account gains & fees $0
Additional noninterest income $2,871
Total noninterest expense $15,593
Salaries and employee benefits $8,952
Premises and equipment expense $1,833
Additional noninterest expense $4,808
Pre-tax net operating income $14,915
Securities gains (losses) $6
Applicable income taxes $4,671
Income before extraordinary items $10,250
Extraordinary gains - net $0
Net income attributable to bank $10,250
Net charge-offs $0
Cash dividends $10,250
Sale, conversion, retirement of capital stock, net $1,266
Net operating income $4,566
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.57%
Cost of funding earning assets 1.53%
Net interest margin 4.04%
Noninterest income to earning assets 1.03%
Noninterest expense to earning assets 2.46%
Net operating income to assets 1.54%
Return on assets (ROA) 1.54%
Pretax return on assets 2.24%
Return on equity (ROE) 13.33%
Retained earnings to average equity (YTD only) 7.39%
Net charge-offs to loans 0.25%
Credit loss provision to net charge-offs 133.97%
Efficiency ratio13.12%
Assets per employee$48,419
Cash dividends to net income (YTD only)4.63%
Condition Ratios (%)
Loss allowance to loans 44.55%
Loss allowance to noncurrent loans 1.88%
Noncurrent assets plus other real estate owned to assets 492.07%
Noncurrent loans to loans 0.31%
Net loans and leases to deposits0.38%
Net loans and leases to core deposits 92.43%
Equity capital to assets 96.82%
Core capital (leverage) ratio 11.77%
Tier 1 risk-based capital ratio 11.30%
Total risk-based capital ratio 15.61%
Average assets$17
Average earning assets$667,096
Average equity $76,881
Average loans $634,303
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9 Arkansas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
02535First National BankSecond And Court Streets, Paragould, AR 72450March 22, 1889Full Service Brick and Mortar
2202092West Branch201 Linwood Dr, Paragould, AR 72450November 12, 1980Limited Service Facility
3202093Reynold's Road Branch2701 West Kings Highway, Paragould, AR 72450Febuary 01, 1995Full Service Brick and Mortar
4202094Jonesboro/Hilltop Branch3500 East Johnson Avenue, Jonesboro, AR 72401September 14, 1998Full Service Brick and Mortar
5362694Elk Park Branch912 Southwest Drive, Jonesboro, AR 72401October 29, 2001Full Service Brick and Mortar
617446Third Street Branch502 West Third St., Corning, AR 72422June 15, 1984Limited Service Facility
7207918Knobel Branch210 Maple Street, Knobel, AR 72435August 16, 1976Limited Service Facility
8207919Corning Banking Center612 Missouri Avenue, Corning, AR 72422April 21, 1977Full Service Brick and Mortar
9445441Highland Drive Branch2701 East Highland Drive, Jonesboro, AR 72401October 11, 2005Full Service Brick and Mortar
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