First National Bank of Clarksdale in Clarksdale, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First National Bank of Clarksdale in Clarksdale, Mississippi (MS)
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First National Bank of Clarksdale - Overview

  • General
  • FDIC Certificate #: 19070
    Status: Active
    Federal Reserve ID: 11640
    Bank Holding Company (Regulatory Top Holder): First Valley National Corp. (RSSDID: 1097100, Location: Clarksdale, MS)
    Date Established: April 01, 1964
    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: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 11550
    FDIC's unique #: 12904
    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: April 01, 1964
    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: 402 East Second Street, Clarksdale, MS 38614
    County: Coahoma
    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: West
    Core Based Statistical Area (CBSA): Clarksdale, MS (#17260)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $320.7 mil
    Equity capital: $33.2 mil
    Deposits held in domestic offices: $265.9 mil
    Return on assets (ROA): 1.24% ($4.0 mil)
    Quarterly return on assets: 1.30% ($4.2 mil)
    Return on Equity (ROE): 12.66% ($4.2 mil)
    Quarterly return on equity: 12.88% ($4.3 mil)
    Net income: $4.0 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 1.52% ($4,873.9 mil)
    Quarterly Pretax return on assets: 1.28% ($4,104.4 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
  • 55Total employees (full-time equivalent)
  • $320,654Total assets
  • $20,935Cash and due from depository institutions
  • $11,179Interest-bearing balances
  • $101,681Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $178,929Net loans & leases
  • $2,849Loan loss allowance
  • $0Trading account assets
  • $5,348Bank premises and fixed assets
  • $396Other real estate owned
  • $0Goodwill and other intangibles
  • $320,654Life insurance assets
  • $13,365All other assets
  • $287,501Total liabilities and capital
  • $265,868Total liabilities
  • $207,911Total deposits
  • $265,868Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $20,000Trading liabilities
  • $0Other borrowed funds
  • $1,633Subordinated debt
  • $33,153All other liabilities
  • $33,153Total equity capital
  • $33,153Total bank equity capital
  • $0Perpetual preferred stock
  • $650Common stock
  • $25,720Surplus
  • $6,783Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $112Income earned, not collected on loans
  • $0Earning assets
  • $2,661Long-term assets (5+ years)
  • $291,789Average Assets, year-to-date
  • $96,657Average Assets, quarterly
  • $325,924Volatile liabilities
  • $333,788Insider loans
  • $213,164FHLB advances
  • $319,340Loans and leases held for sale
  • $7,010Unused loan commitments
  • $7,010Tier 1 (core) risk-based capital
  • $31,072Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $28,700Restructured Loans and leases
  • $7,077Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,589Total interest income
  • $2,918Total interest expense
  • $11,671Net interest income
  • $75Provision for loan and lease losses
  • $2,044Total noninterest income
  • $351Fiduciary activities
  • $1,185Service charges on deposit accounts
  • $0Trading account gains & fees
  • $508Additional noninterest income
  • $8,864Total noninterest expense
  • $5,553Salaries and employee benefits
  • $1,124Premises and equipment expense
  • $2,187Additional noninterest expense
  • $4,776Pre-tax net operating income
  • $169Securities gains (losses)
  • $910Applicable income taxes
  • $4,035Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,035Net income attributable to bank
  • $0Net charge-offs
  • $4,035Cash dividends
  • $45Sale, conversion, retirement of capital stock, net
  • $1,755Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.98%Yield on earning assets
  • 1.00%Cost of funding earning assets
  • 3.98%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 3.02%Noninterest expense to earning assets
  • 1.20%Net operating income to assets
  • 1.24%Return on assets (ROA)
  • 1.52%Pretax return on assets
  • 12.66%Return on equity (ROE)
  • 7.15%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 166.67%Credit loss provision to net charge-offs
  • 107.80%Efficiency ratio
  • 64,630Assets per employee
  • 5.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.49%Loss allowance to loans
  • 1.57%Loss allowance to noncurrent loans
  • 2543.75%Noncurrent assets plus other real estate owned to assets
  • 0.16%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 67.30%Net loans and leases to core deposits
  • 74.08%Equity capital to assets
  • 10.34%Core capital (leverage) ratio
  • 9.73%Tier 1 risk-based capital ratio
  • 14.58%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $325,924Average earning assets
  • $31,869Average equity
  • $293,238Average 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
  • $28,606Managed Assets
  • 1Number of Accounts
  • $12,600Personal trust and agency accounts
  • $4,071Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $1,464Corporate trust and agency accounts
  • $7,065Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 81Number of Accounts
  • $0Personal trust and agency accounts
  • $1,464Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $16,006Other retirement accounts
  • $5,569Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $3,405Fiduciary accounts held in foreign offices

List of branches

  • 5 Mississippi Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    012904First National Bank Of Clarksdale402 East Second Street, Clarksdale, MS 38614April 01, 1964Full Service Brick and Mortar
    4247250Westgate Branch1009 Lee Drive, Clarksdale, MS 38614Febuary 22, 1995Full Service Brick and Mortar
    5360724Nortside Branch112 East Lee Drive, Clarksdale, MS 38614March 19, 2001Full Service Brick and Mortar
    6450696University Avenue Branch3043 University Avenue, Oxford, MS 38655March 01, 2006Full Service Brick and Mortar
    7467071Bank Of Oxford- Jackson Avenue Branc2531 Jackson Avenue, Oxford, MS 38655June 04, 2007Full Service Brick and Mortar

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