First Security Bank in Batesville, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Security Bank - Overview

  • General
  • FDIC Certificate #: 17120
    Status: Active
    Federal Reserve ID: 718145
    Bank Holding Company (Regulatory Top Holder): Security Capital Corporation (RSSDID: 1098509, Location: Batesville, MS)
    Date Established: July 01, 1952
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 17 (Domestic: 17, Interstate: No)
    OTS Docket #: 13359
    FDIC's unique #: 11163
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 01, 1952
    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: 295 Highway 6 West, Batesville, MS 38606
    County: Panola
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $498.4 mil
    Equity capital: $58.9 mil
    Deposits held in domestic offices: $410.0 mil
    Return on assets (ROA): 0.46% ($2.3 mil)
    Quarterly return on assets: 0.62% ($3.1 mil)
    Return on Equity (ROE): 4.05% ($2.4 mil)
    Quarterly return on equity: 5.31% ($3.1 mil)
    Net income: $2.4 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 0.48% ($2,392.5 mil)
    Quarterly Pretax return on assets: 0.65% ($3,239.9 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
  • 182Total employees (full-time equivalent)
  • $498,446Total assets
  • $21,716Cash and due from depository institutions
  • $1,008Interest-bearing balances
  • $171,191Securities
  • $23,995Federal funds sold & reverse repurchase agreements
  • $227,407Net loans & leases
  • $3,601Loan loss allowance
  • $0Trading account assets
  • $20,910Bank premises and fixed assets
  • $13,937Other real estate owned
  • $3,874Goodwill and other intangibles
  • $498,446Life insurance assets
  • $15,416All other assets
  • $439,519Total liabilities and capital
  • $410,002Total liabilities
  • $328,924Total deposits
  • $410,002Interest-bearing deposits
  • $79Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $24,309Trading liabilities
  • $0Other borrowed funds
  • $5,208Subordinated debt
  • $58,927All other liabilities
  • $58,927Total equity capital
  • $58,927Total bank equity capital
  • $0Perpetual preferred stock
  • $550Common stock
  • $14,578Surplus
  • $43,799Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,473Income earned, not collected on loans
  • $0Earning assets
  • $2,785Long-term assets (5+ years)
  • $423,601Average Assets, year-to-date
  • $120,321Average Assets, quarterly
  • $511,787Volatile liabilities
  • $506,448Insider loans
  • $292,352FHLB advances
  • $504,867Loans and leases held for sale
  • $6,885Unused loan commitments
  • $5,796Tier 1 (core) risk-based capital
  • $52,644Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,089Total unused commitments
  • $22,687Restructured Loans and leases
  • $4,285Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,574Total interest income
  • $3,073Total interest expense
  • $15,501Net interest income
  • $2,694Provision for loan and lease losses
  • $6,497Total noninterest income
  • $866Fiduciary activities
  • $4,133Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,498Additional noninterest income
  • $17,196Total noninterest expense
  • $10,322Salaries and employee benefits
  • $2,424Premises and equipment expense
  • $4,450Additional noninterest expense
  • $2,108Pre-tax net operating income
  • $348Securities gains (losses)
  • $84Applicable income taxes
  • $2,372Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,372Net income attributable to bank
  • $0Net charge-offs
  • $2,372Cash dividends
  • $3,299Sale, conversion, retirement of capital stock, net
  • $1,452Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.23%Yield on earning assets
  • 0.70%Cost of funding earning assets
  • 3.53%Net interest margin
  • 1.48%Noninterest income to earning assets
  • 3.91%Noninterest expense to earning assets
  • 0.40%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.48%Pretax return on assets
  • 4.05%Return on equity (ROE)
  • 1.57%Retained earnings to average equity (YTD only)
  • 1.37%Net charge-offs to loans
  • 81.66%Credit loss provision to net charge-offs
  • 1.46%Efficiency ratio
  • 78,171Assets per employee
  • 2.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 61.21%Loss allowance to loans
  • 1.56%Loss allowance to noncurrent loans
  • 55.63%Noncurrent assets plus other real estate owned to assets
  • 4.09%Noncurrent loans to loans
  • 2.80%Net loans and leases to deposits
  • 55.46%Net loans and leases to core deposits
  • 59.88%Equity capital to assets
  • 11.82%Core capital (leverage) ratio
  • 10.43%Tier 1 risk-based capital ratio
  • 18.01%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $511,787Average earning assets
  • $58,510Average equity
  • $439,362Average 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
  • $206,713Managed Assets
  • 1Number of Accounts
  • $149,626Personal trust and agency accounts
  • $99,419Employee benefit-defined contribution accounts
  • $10,485Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $18,987Corporate trust and agency accounts
  • $3,791Investment management agency accounts
  • $16,944Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1986Number of Accounts
  • $0Personal trust and agency accounts
  • $18,809Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $57,087Other retirement accounts
  • $257Corporate trust and agency accounts
  • $20,371Other fiduciary accounts
  • $24,986Fiduciary accounts held in foreign offices

List of branches

  • 17 Mississippi Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011163First Security Bank295 Highway 6 West, Batesville, MS 38606July 01, 1952Full Service Brick and Mortar
    3240597Express Branch130 Higheay 51 North, Batesville, MS 38606November 29, 1985Limited Service Facility
    56789Sardis Branch201 South Main Street, Sardis, MS 38666January 01, 1876Full Service Brick and Mortar
    6247249Marks Branch1651 Charley Pride Hwy S, Marks, MS 38646October 15, 1975Full Service Brick and Mortar
    87305Como Branch227 Main Street, Como, MS 38619January 01, 1900Full Service Brick and Mortar
    9267Crenshaw Branch729 Broad Street, Crenshaw, MS 38621August 04, 1903Full Service Brick and Mortar
    10218725Tunica Branch1262 East Edwards, Tunica, MS 38676July 21, 1999Full Service Brick and Mortar
    11240600Power Drive Branch230 Power Drive, Batesville, MS 38606July 12, 1999Full Service Brick and Mortar
    12360858Robinsonville Branch11490 Old Highway 61 North, Robinsonville, MS 38664June 29, 2001Full Service Brick and Mortar
    13362289Olive Branch Branch6659 Highway 305, Olive Branch, MS 38654October 08, 2001Full Service Brick and Mortar
    14364005Hernando Branch985 E. Commerce Street, Hernando, MS 38632July 01, 2002Full Service Brick and Mortar
    16420291Pope Branch7024 Highway 51 N, Pope, MS 38658August 22, 2003Full Service Brick and Mortar
    17439315First Security Bank - Southaven Bran3035 Church Road East, Southaven, MS 38672March 14, 2005Full Service Brick and Mortar
    18441011Trust Office275 Highway 6 West, Batesville, MS 38606June 03, 2005Limited Service Trust
    19455708First Security Bank - Goodman Road B5028 Goodman Road, Olive Branch, MS 38654October 16, 2006Full Service Brick and Mortar
    20456645Sardis Branch610 East Lee Street, Sardis, MS 38666October 23, 2006Full Service Brick and Mortar
    21489971Barton Branch4417 Highway 302, Olive Branch, MS 38654Febuary 19, 2009Full Service Brick and Mortar

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