First State Bank in Holly Springs, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches


First State Bank - Overview

  • General
  • FDIC Certificate #: 10588
    Status: Active
    Federal Reserve ID: 773546
    Bank Holding Company (Regulatory Top Holder): First State Capital Corporation (RSSDID: 1100028, Location: Holly Springs, MS)
    Date Established: July 01, 1916
    WWW: http://www.firststatenet.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 6786
    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: January 01, 1934
    Last Structure Change Effective Date: August 10, 2006
    Last Structure Change Process Date: August 10, 2006
    Last Data Update: August 10, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: College Avenue And Alderson Street, Holly Springs, MS 38635
    County: Marshall
    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): Memphis, TN-MS-AR (#32820)
    CBSA Metro Statistical Area: Memphis, TN-MS-AR (#32820)
  • Financial Summary
  • Total assets: $91.4 mil
    Equity capital: $10.7 mil
    Deposits held in domestic offices: $80.5 mil
    Return on assets (ROA): -2.25% (-$2.0 mil)
    Quarterly return on assets: -1.13% (-$1.0 mil)
    Return on Equity (ROE): -19.10% (-$2.1 mil)
    Quarterly return on equity: -9.75% (-$1.1 mil)
    Net income: -$2.2 mil
    Quarterly Net income: -$0.3 mil
    Pretax return on assets: -2.22% (-$2,028.0 mil)
    Quarterly Pretax return on assets: -1.10% (-$1,004.9 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
  • 35Total employees (full-time equivalent)
  • $91,352Total assets
  • $7,700Cash and due from depository institutions
  • $4,525Interest-bearing balances
  • $20,553Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $56,547Net loans & leases
  • $1,014Loan loss allowance
  • $0Trading account assets
  • $1,403Bank premises and fixed assets
  • $3,266Other real estate owned
  • $0Goodwill and other intangibles
  • $91,352Life insurance assets
  • $1,883All other assets
  • $80,667Total liabilities and capital
  • $80,471Total liabilities
  • $68,656Total deposits
  • $80,471Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $196Subordinated debt
  • $10,685All other liabilities
  • $10,685Total equity capital
  • $10,685Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $14,310Surplus
  • $-3,825Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,296Income earned, not collected on loans
  • $0Earning assets
  • $475Long-term assets (5+ years)
  • $81,625Average Assets, year-to-date
  • $11,899Average Assets, quarterly
  • $96,744Volatile liabilities
  • $92,639Insider loans
  • $71,678FHLB advances
  • $90,157Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,691Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,727Restructured Loans and leases
  • $4,533Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,317Total interest income
  • $831Total interest expense
  • $3,486Net interest income
  • $716Provision for loan and lease losses
  • $272Total noninterest income
  • $0Fiduciary activities
  • $576Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$304Additional noninterest income
  • $4,005Total noninterest expense
  • $2,091Salaries and employee benefits
  • $653Premises and equipment expense
  • $1,261Additional noninterest expense
  • -$963Pre-tax net operating income
  • -$1,184Securities gains (losses)
  • $32Applicable income taxes
  • -$2,179Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,179Net income attributable to bank
  • $0Net charge-offs
  • -$2,179Cash dividends
  • $1,016Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.97%Yield on earning assets
  • 0.96%Cost of funding earning assets
  • 4.01%Net interest margin
  • 0.31%Noninterest income to earning assets
  • 4.61%Noninterest expense to earning assets
  • -1.03%Net operating income to assets
  • -2.25%Return on assets (ROA)
  • -2.22%Pretax return on assets
  • -19.10%Return on equity (ROE)
  • -19.10%Retained earnings to average equity (YTD only)
  • 1.67%Net charge-offs to loans
  • 70.47%Credit loss provision to net charge-offs
  • -0.24%Efficiency ratio
  • 106,573Assets per employee
  • 2.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.76%Loss allowance to noncurrent loans
  • 78.24%Noncurrent assets plus other real estate owned to assets
  • 6.70%Noncurrent loans to loans
  • 2.25%Net loans and leases to deposits
  • 70.27%Net loans and leases to core deposits
  • 79.30%Equity capital to assets
  • 11.70%Core capital (leverage) ratio
  • 11.86%Tier 1 risk-based capital ratio
  • 14.92%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $96,744Average earning assets
  • $11,407Average equity
  • $86,941Average loans

List of branches

  • 3 Mississippi Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06786First State BankCollege Avenue And Alderson Street, Holly Springs, MS 38635July 01, 1916Full Service Brick and Mortar
    3222769Mount Pleasant Branch53 Taska Road, Mount Pleasant, MS 38649August 29, 1973Full Service Brick and Mortar
    4222770Craft Street Branch615 Highway 7 South, Holly Springs, MS 38635October 14, 1997Full Service Brick and Mortar

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