First Security Bank in Batesville, Mississippi (MS)

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First Security Bank
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)182
Total assets$498,446
Cash and due from depository institutions$21,716
Interest-bearing balances$1,008
Federal funds sold & reverse repurchase agreements$23,995
Net loans & leases$227,407
Loan loss allowance $3,601
Trading account assets$0
Bank premises and fixed assets$20,910
Other real estate owned$13,937
Goodwill and other intangibles$3,874
All other assets$15,416
Life insurance assets$498,446
Total liabilities and capital$439,519
Total liabilities$410,002
Total deposits$328,924
Interest-bearing deposits$410,002
Deposits held in domestic offices$79
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$24,309
Other borrowed funds $0
Subordinated debt $5,208
All other liabilities $58,927
Total equity capital$58,927
Total bank equity capital$58,927
Perpetual preferred stock$0
Common stock$550
Undivided profits $43,799
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $6,473
Earning assets $0
Long-term assets (5+ years) $2,785
Average Assets, year-to-date $423,601
Average Assets, quarterly $120,321
Volatile liabilities $511,787
Insider loans $506,448
FHLB advances $292,352
Loans and leases held for sale $504,867
Unused loan commitments $6,885
Tier 1 (core) risk-based capital $5,796
Tier 2 risk-based capital $52,644
Total risk weighted assets $0
Total unused commitments $1,089
Restructured Loans and leases $22,687
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $18,574
Total interest expense $3,073
Net interest income $15,501
Provision for loan and lease losses $2,694
Total noninterest income $6,497
Fiduciary activities $866
Service charges on deposit accounts $4,133
Trading account gains & fees $0
Additional noninterest income $1,498
Total noninterest expense $17,196
Salaries and employee benefits $10,322
Premises and equipment expense $2,424
Additional noninterest expense $4,450
Pre-tax net operating income $2,108
Securities gains (losses) $348
Applicable income taxes $84
Income before extraordinary items $2,372
Extraordinary gains - net $0
Net income attributable to bank $2,372
Net charge-offs $0
Cash dividends $2,372
Sale, conversion, retirement of capital stock, net $3,299
Net operating income $1,452
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.23%
Cost of funding earning assets 0.70%
Net interest margin 3.53%
Noninterest income to earning assets 1.48%
Noninterest expense to earning assets 3.91%
Net operating income to assets 0.40%
Return on assets (ROA) 0.46%
Pretax return on assets 0.48%
Return on equity (ROE) 4.05%
Retained earnings to average equity (YTD only) 1.57%
Net charge-offs to loans 1.37%
Credit loss provision to net charge-offs 81.66%
Efficiency ratio1.46%
Assets per employee$78,171
Cash dividends to net income (YTD only)2.74%
Condition Ratios (%)
Loss allowance to loans 61.21%
Loss allowance to noncurrent loans 1.56%
Noncurrent assets plus other real estate owned to assets 55.63%
Noncurrent loans to loans 4.09%
Net loans and leases to deposits2.80%
Net loans and leases to core deposits 55.46%
Equity capital to assets 59.88%
Core capital (leverage) ratio 11.82%
Tier 1 risk-based capital ratio 10.43%
Total risk-based capital ratio 18.01%
Average assets$19
Average earning assets$511,787
Average equity $58,510
Average loans $439,362
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$206,713
Number of Accounts1
Personal trust and agency accounts$149,626
Employee benefit-defined contribution accounts$99,419
Employee benefit-defined benefit accounts$10,485
Other retirement accounts$0
Corporate trust and agency accounts$18,987
Investment management agency accounts$3,791
Other fiduciary accounts$16,944
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts1986
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$18,809
Employee benefit-defined benefit accounts$0
Other retirement accounts$57,087
Corporate trust and agency accounts$257
Other fiduciary accounts$20,371
Fiduciary accounts held in foreign offices$24,986
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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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