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

  • First National Bank of Crossett in Crossett, Arkansas (AR)
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First National Bank of Crossett - Overview

  • General
  • FDIC Certificate #: 1757
    Status: Active
    Federal Reserve ID: 514440
    Bank Holding Company (Regulatory Top Holder): Ashley Bancstock Company (RSSDID: 1099337, Location: Crossett, AR)
    Date Established: December 05, 1903
    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: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 10449
    FDIC's unique #: 1167
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    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
  • Location
  • Address: 210 Main Street, Crossett, AR 71635
    County: Ashley
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Little Rock
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Western
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $142.8 mil
    Equity capital: $15.7 mil
    Deposits held in domestic offices: $123.2 mil
    Return on assets (ROA): 0.32% ($0.5 mil)
    Quarterly return on assets: 1.57% ($2.2 mil)
    Return on Equity (ROE): 3.01% ($0.5 mil)
    Quarterly return on equity: 14.28% ($2.3 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 0.14% ($199.9 mil)
    Quarterly Pretax return on assets: 1.00% ($1,428.0 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
  • 51Total employees (full-time equivalent)
  • $142,799Total assets
  • $6,939Cash and due from depository institutions
  • $926Interest-bearing balances
  • $33,507Securities
  • $4,475Federal funds sold & reverse repurchase agreements
  • $85,023Net loans & leases
  • $2,460Loan loss allowance
  • $0Trading account assets
  • $1,750Bank premises and fixed assets
  • $3,106Other real estate owned
  • $0Goodwill and other intangibles
  • $142,799Life insurance assets
  • $7,999All other assets
  • $127,067Total liabilities and capital
  • $123,192Total liabilities
  • $90,321Total deposits
  • $123,192Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,499Trading liabilities
  • $0Other borrowed funds
  • $1,376Subordinated debt
  • $15,732All other liabilities
  • $15,732Total equity capital
  • $15,732Total bank equity capital
  • $0Perpetual preferred stock
  • $64Common stock
  • $3,136Surplus
  • $12,532Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,610Income earned, not collected on loans
  • $0Earning assets
  • $662Long-term assets (5+ years)
  • $123,931Average Assets, year-to-date
  • $34,454Average Assets, quarterly
  • $144,633Volatile liabilities
  • $141,200Insider loans
  • $97,784FHLB advances
  • $145,409Loans and leases held for sale
  • $5,393Unused loan commitments
  • $4,158Tier 1 (core) risk-based capital
  • $15,393Tier 2 risk-based capital
  • $1,235Total risk weighted assets
  • $0Total unused commitments
  • $9,034Restructured Loans and leases
  • $5,555Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,740Total interest income
  • $1,027Total interest expense
  • $5,713Net interest income
  • $2,165Provision for loan and lease losses
  • $2,214Total noninterest income
  • $93Fiduciary activities
  • $1,058Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,063Additional noninterest income
  • $5,892Total noninterest expense
  • $2,674Salaries and employee benefits
  • $865Premises and equipment expense
  • $2,353Additional noninterest expense
  • -$130Pre-tax net operating income
  • $328Securities gains (losses)
  • -$259Applicable income taxes
  • $457Income before extraordinary items
  • $0Extraordinary gains - net
  • $457Net income attributable to bank
  • $0Net charge-offs
  • $457Cash dividends
  • $2,765Sale, conversion, retirement of capital stock, net
  • $59Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.30%Yield on earning assets
  • 0.81%Cost of funding earning assets
  • 4.49%Net interest margin
  • 1.74%Noninterest income to earning assets
  • 4.63%Noninterest expense to earning assets
  • 0.09%Net operating income to assets
  • 0.32%Return on assets (ROA)
  • 0.14%Pretax return on assets
  • 3.01%Return on equity (ROE)
  • 2.62%Retained earnings to average equity (YTD only)
  • 3.05%Net charge-offs to loans
  • 78.30%Credit loss provision to net charge-offs
  • 0.74%Efficiency ratio
  • 74,328Assets per employee
  • 2.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 12.91%Loss allowance to loans
  • 2.81%Loss allowance to noncurrent loans
  • 28.57%Noncurrent assets plus other real estate owned to assets
  • 8.20%Noncurrent loans to loans
  • 9.84%Net loans and leases to deposits
  • 69.02%Net loans and leases to core deposits
  • 75.60%Equity capital to assets
  • 11.02%Core capital (leverage) ratio
  • 10.59%Tier 1 risk-based capital ratio
  • 15.74%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $144,633Average earning assets
  • $15,206Average equity
  • $127,168Average 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
  • $17,444Managed Assets
  • 1Number of Accounts
  • $10,008Personal trust and agency accounts
  • $7,483Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $2,525Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 53Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $7,436Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $4,435Fiduciary accounts held in foreign offices

List of branches

  • 4 Arkansas Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01167First National Bank Of Crossett210 Main Street, Crossett, AR 71635December 05, 1903Full Service Brick and Mortar
    1190081North Branch1218 Highway 133, Crossett, AR 71635August 30, 1971Full Service Brick and Mortar
    2190082Fountain Hill Branch105 Highway 160, Fountain Hill, AR 71642Febuary 15, 1974Full Service Brick and Mortar
    3190083Hamburg Branch603 North Main, Hamburg, AR 71646November 17, 1997Full Service Brick and Mortar

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