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

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

  • General
  • FDIC Certificate #: 16612
    Status: Active
    Federal Reserve ID: 568939
    Bank Holding Company (Regulatory Top Holder): First National Corporation Of Picayune (RSSDID: 1083318, Location: Picayune, MS)
    Date Established: July 31, 1947
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 11995
    FDIC's unique #: 10754
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 31, 1947
    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: 121 East Canal Street, Picayune, MS 39466
    County: Pearl River
    Quarterly Banking Profile Region: Dallas
    FDIC Geographic Region: Dallas
    FDIC Supervisory Region: Dallas
    FDIC Field Office: Jackson Ms
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: West
    Core Based Statistical Area (CBSA): Picayune, MS (#38100)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $208.1 mil
    Equity capital: $23.8 mil
    Deposits held in domestic offices: $183.9 mil
    Return on assets (ROA): 1.97% ($4.1 mil)
    Quarterly return on assets: 1.13% ($2.4 mil)
    Return on Equity (ROE): 17.93% ($4.3 mil)
    Quarterly return on equity: 10.07% ($2.4 mil)
    Net income: $4.1 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.97% ($4,099.5 mil)
    Quarterly Pretax return on assets: 1.13% ($2,351.5 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
  • 62Total employees (full-time equivalent)
  • $208,098Total assets
  • $11,759Cash and due from depository institutions
  • $8,991Interest-bearing balances
  • $24,540Securities
  • $6,300Federal funds sold & reverse repurchase agreements
  • $156,740Net loans & leases
  • $2,163Loan loss allowance
  • $0Trading account assets
  • $3,287Bank premises and fixed assets
  • $3,229Other real estate owned
  • $26Goodwill and other intangibles
  • $208,098Life insurance assets
  • $2,217All other assets
  • $184,281Total liabilities and capital
  • $183,887Total liabilities
  • $147,218Total deposits
  • $183,887Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $394Subordinated debt
  • $23,817All other liabilities
  • $23,817Total equity capital
  • $23,817Total bank equity capital
  • $0Perpetual preferred stock
  • $366Common stock
  • $5,332Surplus
  • $18,119Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $230Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,228Income earned, not collected on loans
  • $0Earning assets
  • $915Long-term assets (5+ years)
  • $196,571Average Assets, year-to-date
  • $39,191Average Assets, quarterly
  • $209,367Volatile liabilities
  • $209,466Insider loans
  • $143,866FHLB advances
  • $209,193Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $23,111Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,489Restructured Loans and leases
  • $8,941Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,586Total interest income
  • $2,458Total interest expense
  • $9,128Net interest income
  • $837Provision for loan and lease losses
  • $1,855Total noninterest income
  • $0Fiduciary activities
  • $1,452Service charges on deposit accounts
  • $0Trading account gains & fees
  • $403Additional noninterest income
  • $6,015Total noninterest expense
  • $3,346Salaries and employee benefits
  • $590Premises and equipment expense
  • $2,079Additional noninterest expense
  • $4,131Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $4,131Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,131Net income attributable to bank
  • $0Net charge-offs
  • $4,131Cash dividends
  • $714Sale, conversion, retirement of capital stock, net
  • $3,360Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.86%Yield on earning assets
  • 1.24%Cost of funding earning assets
  • 4.61%Net interest margin
  • 0.94%Noninterest income to earning assets
  • 3.04%Noninterest expense to earning assets
  • 1.97%Net operating income to assets
  • 1.97%Return on assets (ROA)
  • 1.97%Pretax return on assets
  • 17.93%Return on equity (ROE)
  • 3.35%Retained earnings to average equity (YTD only)
  • 0.44%Net charge-offs to loans
  • 117.23%Credit loss provision to net charge-offs
  • 6.96%Efficiency ratio
  • 54,484Assets per employee
  • 3.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 81.34%Loss allowance to loans
  • 1.36%Loss allowance to noncurrent loans
  • 67.01%Noncurrent assets plus other real estate owned to assets
  • 3.10%Noncurrent loans to loans
  • 2.03%Net loans and leases to deposits
  • 85.24%Net loans and leases to core deposits
  • 89.30%Equity capital to assets
  • 11.45%Core capital (leverage) ratio
  • 11.05%Tier 1 risk-based capital ratio
  • 16.06%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $209,367Average earning assets
  • $23,033Average equity
  • $197,825Average loans

List of branches

  • 6 Mississippi Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010754First National Bank Of Picayune121 East Canal Street, Picayune, MS 39466July 31, 1947Full Service Brick and Mortar
    1238481West Canal Street Branch208 West Canal Street, Picayune, MS 39466April 27, 1963Full Service Brick and Mortar
    2238482North Branch721 Cooper Road, Picayune, MS 39466May 28, 1976Full Service Brick and Mortar
    3238483Picayune-South Branch801 Memorial Blvd, Picayune, MS 39466October 15, 1981Full Service Brick and Mortar
    4272386Wiggins Branch1025 Hall Street, Wiggins, MS 39577July 01, 1934Full Service Brick and Mortar
    6238485Poplarville Branch1720 South Main Street, Poplarville, MS 39470January 14, 2000Full Service Brick and Mortar

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