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

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
    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
  • NoIDNameAddressEstablishedService TypeMap
    09939First State Bank708 Azalea Drive, Waynesboro, MS 39367May 01, 1934Full Service Brick and Mortar
    1234911Drive-In BranchMain Street, Buckatunna, MS 39322March 24, 1966Limited Service Facility
    3234913Clara Branch35 Buckatunna Chicora Clara Road, Clara, MS 39324May 06, 1969Limited Service Facility
    4234914Northside Mini-Bank Branch902 Robinson Street, Waynesboro, MS 39367October 10, 1977Limited Service Facility
    57556Leakesville Branch313 Lafayette Street, Leakesville, MS 39451January 01, 1903Full Service Brick and Mortar
    6225662State Line BranchSt. Peter Street, State Line, MS 39362April 16, 1947Full Service Brick and Mortar
    8234915Mortgage Loan Center Branch717 Wayne Street, Waynesboro, MS 39367June 21, 1993Full Service Brick and Mortar
    9234916Quitman Branch310 South Archusa Avenue, Quitman, MS 39355May 03, 1995Full Service Brick and Mortar
    11234918Gateway Branch12139 Highway 63 South, Lucedale, MS 39452May 01, 1998Full Service Brick and Mortar
    12363703Walmart Branch1350 Azalea Drive, Waynesboro, MS 39367April 10, 2002Full Service Retail
    13420287Northeast Motor Bank Branch1401 Azalea Drive, Waynesboro, MS 39367August 19, 2003Full Service Brick and Mortar
    18469436Meridian Clock Tower Branch801 22nd Avenue, Meridian, MS 39301December 03, 2007Full Service Brick and Mortar

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