First State Bank in Russellville, Arkansas (AR)

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First State Bank
GeneralFDIC Certificate #: 13632
Status: Active
Federal Reserve ID: 114840
Bank Holding Company (Regulatory Top Holder): First State Banking Corp (RSSDID: 1096448, Location: Russellville, AR)
Date Established: January 12, 1934
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Domestic: 5, Interstate: No)
OTS Docket #: 10298
FDIC's unique #: 8523
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 12, 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
LocationAddress: 3103 East Main Street, Russellville, AR 72802
County: Pope
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
Core Based Statistical Area (CBSA): Russellville, AR (#40780)
CBSA Micro Statistical Area: Yes
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $174.0 mil
Equity capital: $20.4 mil
Deposits held in domestic offices: $145.9 mil
Return on assets (ROA): 0.69% ($1.2 mil)
Quarterly return on assets: 0.75% ($1.3 mil)
Return on Equity (ROE): 6.24% ($1.2 mil)
Quarterly return on equity: 6.50% ($1.3 mil)
Net income: $1.2 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.10% ($1,913.7 mil)
Quarterly Pretax return on assets: 1.27% ($2,209.4 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)50
Total assets$173,972
Cash and due from depository institutions$4,536
Interest-bearing balances$73
Federal funds sold & reverse repurchase agreements$14,175
Net loans & leases$122,459
Loan loss allowance $2,473
Trading account assets$329
Bank premises and fixed assets$6,122
Other real estate owned$983
Goodwill and other intangibles$0
All other assets$7,181
Life insurance assets$173,972
Total liabilities and capital$153,592
Total liabilities$145,879
Total deposits$105,942
Interest-bearing deposits$145,879
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $329
Trading liabilities$7,045
Other borrowed funds $0
Subordinated debt $339
All other liabilities $20,380
Total equity capital$20,380
Total bank equity capital$20,380
Perpetual preferred stock$0
Common stock$200
Undivided profits $2,950
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $172
Income earned, not collected on loans $4,772
Earning assets $16
Long-term assets (5+ years) $684
Average Assets, year-to-date $155,223
Average Assets, quarterly $25,378
Volatile liabilities $179,795
Insider loans $175,783
FHLB advances $129,952
Loans and leases held for sale $173,461
Unused loan commitments $3,054
Tier 1 (core) risk-based capital $3,054
Tier 2 risk-based capital $19,771
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $18,965
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,973
Total interest expense $1,319
Net interest income $6,654
Provision for loan and lease losses $480
Total noninterest income $901
Fiduciary activities $0
Service charges on deposit accounts $537
Trading account gains & fees $0
Additional noninterest income $364
Total noninterest expense $5,134
Salaries and employee benefits $2,401
Premises and equipment expense $694
Additional noninterest expense $2,039
Pre-tax net operating income $1,941
Securities gains (losses) $40
Applicable income taxes $745
Income before extraordinary items $1,236
Extraordinary gains - net $0
Net income attributable to bank $1,236
Net charge-offs $0
Cash dividends $1,236
Sale, conversion, retirement of capital stock, net $364
Net operating income $620
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.99%
Cost of funding earning assets 0.83%
Net interest margin 4.16%
Noninterest income to earning assets 0.56%
Noninterest expense to earning assets 3.21%
Net operating income to assets 0.67%
Return on assets (ROA) 0.69%
Pretax return on assets 1.10%
Return on equity (ROE) 6.24%
Retained earnings to average equity (YTD only) 3.11%
Net charge-offs to loans 0.29%
Credit loss provision to net charge-offs 131.87%
Efficiency ratio6.65%
Assets per employee$67,955
Cash dividends to net income (YTD only)3.48%
Condition Ratios (%)
Loss allowance to loans 50.16%
Loss allowance to noncurrent loans 1.98%
Noncurrent assets plus other real estate owned to assets 51.82%
Noncurrent loans to loans 3.31%
Net loans and leases to deposits3.82%
Net loans and leases to core deposits 83.95%
Equity capital to assets 87.95%
Core capital (leverage) ratio 11.71%
Tier 1 risk-based capital ratio 11.40%
Total risk-based capital ratio 15.21%
Average assets$16
Average earning assets$179,795
Average equity $19,823
Average loans $159,825
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5 Arkansas Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
08523First State Bank3103 East Main Street, Russellville, AR 72802January 12, 1934Full Service Brick and Mortar
1229738Ola BranchFourche Avenue At Boles Street, Ola, AR 72853March 05, 1942Full Service Brick and Mortar
2229739Russellville Branch501 West Main Street, Russellville, AR 72801March 11, 1999Full Service Brick and Mortar
5433264West Main Branch3005 West Main, Russellville, AR 72801November 08, 2004Full Service Brick and Mortar
6441475University Branch2002 North Arkansas, Russellville, AR 72801July 05, 2005Full Service Brick and Mortar
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