First State Bank in city_name, state_name - Detailed Financial Reports, Location

First State Bank in Waynesboro, Mississippi (MS)
Show street view No street view available for this location

First State Bank routing number info

First State Bank - Overview

General
FDIC Certificate #: 15663
Status: Active
Federal Reserve ID: 924236
Bank Holding Company (Regulatory Top Holder): First State Corporation (RSSDID: 1083587, Location: Waynesboro, MS)
Date Established: May 01, 1934
WWW: http://www.firststatebnk.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 12 (Domestic: 12, Interstate: No)
FDIC's unique #: 9939
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: May 01, 1939
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: 708 Azalea Drive, Waynesboro, MS 39367
County: Wayne
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
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $464.9 mil
Equity capital: $49.7 mil
Deposits held in domestic offices: $377.6 mil
Return on assets (ROA): 1.01% ($4.7 mil)
Quarterly return on assets: 0.98% ($4.6 mil)
Return on Equity (ROE): 9.47% ($4.7 mil)
Quarterly return on equity: 8.96% ($4.5 mil)
Net income: $4.6 mil
Quarterly Net income: $1.1 mil
Pretax return on assets: 1.24% ($5,764.9 mil)
Quarterly Pretax return on assets: 1.21% ($5,625.4 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
138Total employees (full-time equivalent)
$464,910Total assets
$14,064Cash and due from depository institutions
$0Interest-bearing balances
$170,068Securities
$6,889Federal funds sold & reverse repurchase agreements
$242,986Net loans & leases
$3,397Loan loss allowance
$0Trading account assets
$8,532Bank premises and fixed assets
$2,163Other real estate owned
$0Goodwill and other intangibles
$464,910Life insurance assets
$20,208All other assets
$415,197Total liabilities and capital
$377,613Total liabilities
$325,674Total deposits
$377,613Interest-bearing deposits
$67Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$35,479Trading liabilities
$0Other borrowed funds
$2,105Subordinated debt
$49,713All other liabilities
$49,713Total equity capital
$49,713Total bank equity capital
$0Perpetual preferred stock
$740Common stock
$39,142Surplus
$9,831Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,536Income earned, not collected on loans
$0Earning assets
$2,554Long-term assets (5+ years)
$419,943Average Assets, year-to-date
$217,217Average Assets, quarterly
$458,573Volatile liabilities
$461,976Insider loans
$280,055FHLB advances
$460,450Loans and leases held for sale
$12,396Unused loan commitments
$12,396Tier 1 (core) risk-based capital
$46,554Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$17,055Restructured Loans and leases
$14,130Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$21,237Total interest income
$4,526Total interest expense
$16,711Net interest income
$1,224Provision for loan and lease losses
$2,461Total noninterest income
$6Fiduciary activities
$1,663Service charges on deposit accounts
$0Trading account gains & fees
$792Additional noninterest income
$12,243Total noninterest expense
$7,504Salaries and employee benefits
$1,944Premises and equipment expense
$2,795Additional noninterest expense
$5,705Pre-tax net operating income
-$3Securities gains (losses)
$1,092Applicable income taxes
$4,610Income before extraordinary items
$0Extraordinary gains - net
$4,610Net income attributable to bank
$0Net charge-offs
$4,610Cash dividends
$1,319Sale, conversion, retirement of capital stock, net
$2,808Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.12%Yield on earning assets
1.09%Cost of funding earning assets
4.03%Net interest margin
0.59%Noninterest income to earning assets
2.95%Noninterest expense to earning assets
1.01%Net operating income to assets
1.01%Return on assets (ROA)
1.24%Pretax return on assets
9.47%Return on equity (ROE)
3.70%Retained earnings to average equity (YTD only)
0.53%Net charge-offs to loans
92.80%Credit loss provision to net charge-offs
5.25%Efficiency ratio
63,859Assets per employee
3.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
60.91%Loss allowance to loans
1.38%Loss allowance to noncurrent loans
96.07%Noncurrent assets plus other real estate owned to assets
1.23%Noncurrent loans to loans
1.44%Net loans and leases to deposits
64.35%Net loans and leases to core deposits
73.11%Equity capital to assets
10.69%Core capital (leverage) ratio
10.11%Tier 1 risk-based capital ratio
16.62%Total risk-based capital ratio
Memoranda
$18Average assets
$458,573Average earning assets
$48,698Average equity
$414,452Average 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
$979Managed Assets
1Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
23Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$979Other retirement accounts
$978Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

List of branches

12 Mississippi Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	9939	First State Bank	708 Azalea Drive, Waynesboro, MS 39367	May 01, 1934	Full Service Brick and Mortar
1	234911	Drive-In Branch	Main Street, Buckatunna, MS 39322	March 24, 1966	Limited Service Facility
3	234913	Clara Branch	35 Buckatunna Chicora Clara Road, Clara, MS 39324	May 06, 1969	Limited Service Facility
4	234914	Northside Mini-Bank Branch	902 Robinson Street, Waynesboro, MS 39367	October 10, 1977	Limited Service Facility
5	7556	Leakesville Branch	313 Lafayette Street, Leakesville, MS 39451	January 01, 1903	Full Service Brick and Mortar
6	225662	State Line Branch	St. Peter Street, State Line, MS 39362	April 16, 1947	Full Service Brick and Mortar
8	234915	Mortgage Loan Center Branch	717 Wayne Street, Waynesboro, MS 39367	June 21, 1993	Full Service Brick and Mortar
9	234916	Quitman Branch	310 South Archusa Avenue, Quitman, MS 39355	May 03, 1995	Full Service Brick and Mortar
11	234918	Gateway Branch	12139 Highway 63 South, Lucedale, MS 39452	May 01, 1998	Full Service Brick and Mortar
12	363703	Walmart Branch	1350 Azalea Drive, Waynesboro, MS 39367	April 10, 2002	Full Service Retail
13	420287	Northeast Motor Bank Branch	1401 Azalea Drive, Waynesboro, MS 39367	August 19, 2003	Full Service Brick and Mortar
18	469436	Meridian Clock Tower Branch	801 22nd Avenue, Meridian, MS 39301	December 03, 2007	Full Service Brick and Mortar

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

First State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

First State Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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