First National Bank in Paragould, Arkansas (AR)
Overview, Financial Summary, Detailed Financial Reports, Branches

First National Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 146Total employees (full-time equivalent)
  • $676,265Total assets
  • $40,321Cash and due from depository institutions
  • $36,042Interest-bearing balances
  • $112,922Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $496,114Net loans & leases
  • $9,497Loan loss allowance
  • $0Trading account assets
  • $11,411Bank premises and fixed assets
  • $165Other real estate owned
  • $0Goodwill and other intangibles
  • $676,265Life insurance assets
  • $15,332All other assets
  • $596,699Total liabilities and capital
  • $536,726Total liabilities
  • $496,985Total deposits
  • $536,726Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $57,500Trading liabilities
  • $0Other borrowed funds
  • $2,473Subordinated debt
  • $79,566All other liabilities
  • $79,566Total equity capital
  • $79,566Total bank equity capital
  • $0Perpetual preferred stock
  • $1,200Common stock
  • $3,501Surplus
  • $74,865Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $951Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,930Income earned, not collected on loans
  • $0Earning assets
  • $7,689Long-term assets (5+ years)
  • $645,078Average Assets, year-to-date
  • $147,239Average Assets, quarterly
  • $667,096Volatile liabilities
  • $680,406Insider loans
  • $491,019FHLB advances
  • $678,756Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $76,672Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $71,849Restructured Loans and leases
  • $2,519Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $35,317Total interest income
  • $9,674Total interest expense
  • $25,643Net interest income
  • $1,696Provision for loan and lease losses
  • $6,561Total noninterest income
  • $0Fiduciary activities
  • $3,690Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,871Additional noninterest income
  • $15,593Total noninterest expense
  • $8,952Salaries and employee benefits
  • $1,833Premises and equipment expense
  • $4,808Additional noninterest expense
  • $14,915Pre-tax net operating income
  • $6Securities gains (losses)
  • $4,671Applicable income taxes
  • $10,250Income before extraordinary items
  • $0Extraordinary gains - net
  • $10,250Net income attributable to bank
  • $0Net charge-offs
  • $10,250Cash dividends
  • $1,266Sale, conversion, retirement of capital stock, net
  • $4,566Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.57%Yield on earning assets
  • 1.53%Cost of funding earning assets
  • 4.04%Net interest margin
  • 1.03%Noninterest income to earning assets
  • 2.46%Noninterest expense to earning assets
  • 1.54%Net operating income to assets
  • 1.54%Return on assets (ROA)
  • 2.24%Pretax return on assets
  • 13.33%Return on equity (ROE)
  • 7.39%Retained earnings to average equity (YTD only)
  • 0.25%Net charge-offs to loans
  • 133.97%Credit loss provision to net charge-offs
  • 13.12%Efficiency ratio
  • 48,419Assets per employee
  • 4.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 44.55%Loss allowance to loans
  • 1.88%Loss allowance to noncurrent loans
  • 492.07%Noncurrent assets plus other real estate owned to assets
  • 0.31%Noncurrent loans to loans
  • 0.38%Net loans and leases to deposits
  • 92.43%Net loans and leases to core deposits
  • 96.82%Equity capital to assets
  • 11.77%Core capital (leverage) ratio
  • 11.30%Tier 1 risk-based capital ratio
  • 15.61%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $667,096Average earning assets
  • $76,881Average equity
  • $634,303Average loans

List of branches

  • 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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