The First, A National Banking Association in Hattiesburg, Mississippi (MS), LA
Overview, Financial Summary, Detailed Financial Reports, Branches

  • The First, A National Banking Association in Hattiesburg, Mississippi (MS), LA
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The First, A National Banking Association - Overview

  • General
  • FDIC Certificate #: 34217
    Status: Active
    Federal Reserve ID: 2385514
    Bank Holding Company (Regulatory Top Holder): First Bancshares, Inc., The (RSSDID: 2385493, Location: Hattiesburg, MS)
    Date Established: August 05, 1996
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 20 (Domestic: 20, Interstate: Yes)
    FDIC's unique #: 56975
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: August 05, 1996
    Last Structure Change Effective Date: September 16, 2011
    Last Structure Change Process Date: October 07, 2011
    Last Data Update: October 07, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 6480 Ushwy 98 West, Hattiesburg, MS 39402
    County: Lamar
    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
    Metropolitan Statistical Area (MSA): Hattiesburg, MS (#3285)
    Core Based Statistical Area (CBSA): Hattiesburg, MS (#25620)
    CBSA Metro Statistical Area: Hattiesburg, MS (#25620)
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $679.9 mil
    Equity capital: $69.3 mil
    Deposits held in domestic offices: $567.3 mil
    Return on assets (ROA): 0.59% ($4.0 mil)
    Quarterly return on assets: 0.62% ($4.2 mil)
    Return on Equity (ROE): 5.54% ($3.8 mil)
    Quarterly return on equity: 6.26% ($4.3 mil)
    Net income: $3.5 mil
    Quarterly Net income: $1.1 mil
    Pretax return on assets: 0.78% ($5,303.2 mil)
    Quarterly Pretax return on assets: 0.64% ($4,351.3 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
  • 204Total employees (full-time equivalent)
  • $679,893Total assets
  • $22,919Cash and due from depository institutions
  • $12,788Interest-bearing balances
  • $218,531Securities
  • $241Federal funds sold & reverse repurchase agreements
  • $383,417Net loans & leases
  • $4,511Loan loss allowance
  • $0Trading account assets
  • $22,622Bank premises and fixed assets
  • $4,353Other real estate owned
  • $12,023Goodwill and other intangibles
  • $679,893Life insurance assets
  • $15,787All other assets
  • $610,629Total liabilities and capital
  • $567,319Total liabilities
  • $493,486Total deposits
  • $567,319Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 15000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $13,572Trading liabilities
  • $0Other borrowed funds
  • $14,738Subordinated debt
  • $69,264All other liabilities
  • $69,264Total equity capital
  • $69,264Total bank equity capital
  • $0Perpetual preferred stock
  • $5,149Common stock
  • $40,279Surplus
  • $23,836Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,906Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,621Income earned, not collected on loans
  • $0Earning assets
  • $2,772Long-term assets (5+ years)
  • $614,977Average Assets, year-to-date
  • $119,762Average Assets, quarterly
  • $593,958Volatile liabilities
  • $694,164Insider loans
  • $456,590FHLB advances
  • $677,574Loans and leases held for sale
  • $6,270Unused loan commitments
  • $3,544Tier 1 (core) risk-based capital
  • $56,399Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,726Total unused commitments
  • $59,035Restructured Loans and leases
  • $12,955Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $24,470Total interest income
  • $5,196Total interest expense
  • $19,274Net interest income
  • $1,468Provision for loan and lease losses
  • $4,099Total noninterest income
  • $0Fiduciary activities
  • $2,704Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,395Additional noninterest income
  • $17,246Total noninterest expense
  • $9,548Salaries and employee benefits
  • $2,179Premises and equipment expense
  • $5,519Additional noninterest expense
  • $4,659Pre-tax net operating income
  • -$4Securities gains (losses)
  • $1,159Applicable income taxes
  • $3,496Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,496Net income attributable to bank
  • $0Net charge-offs
  • $3,496Cash dividends
  • $1,574Sale, conversion, retirement of capital stock, net
  • $530Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.52%Yield on earning assets
  • 0.96%Cost of funding earning assets
  • 3.56%Net interest margin
  • 0.76%Noninterest income to earning assets
  • 3.19%Noninterest expense to earning assets
  • 0.59%Net operating income to assets
  • 0.59%Return on assets (ROA)
  • 0.78%Pretax return on assets
  • 5.54%Return on equity (ROE)
  • 4.70%Retained earnings to average equity (YTD only)
  • 0.44%Net charge-offs to loans
  • 93.27%Credit loss provision to net charge-offs
  • 3.89%Efficiency ratio
  • 73,191Assets per employee
  • 3.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 15.16%Loss allowance to loans
  • 1.16%Loss allowance to noncurrent loans
  • 80.25%Noncurrent assets plus other real estate owned to assets
  • 1.75%Noncurrent loans to loans
  • 1.45%Net loans and leases to deposits
  • 67.58%Net loans and leases to core deposits
  • 73.90%Equity capital to assets
  • 10.19%Core capital (leverage) ratio
  • 8.32%Tier 1 risk-based capital ratio
  • 12.35%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $593,958Average earning assets
  • $63,146Average equity
  • $541,164Average loans

List of branches

  • 2 Louisiana Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    12525931Columbia Street Branch600 Columbia Street, Bogalusa, LA 70429September 12, 2011Full Service Brick and Mortar
    2113577Parish Branch600 Columbia Street, Bogalusa, LA 70429January 25, 1968Full Service Brick and Mortar
  • 18 Mississippi Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    056975The First, A National Banking Association6480 Ushwy 98 West, Hattiesburg, MS 39402August 05, 1996Full Service Brick and Mortar
    1290477Purvis Branch631 Highway 589, Purvis, MS 39475November 18, 1996Full Service Brick and Mortar
    2290478Lincoln Road Branch2702 Lincoln Road, Hattiesburg, MS 39401December 17, 1998Full Service Brick and Mortar
    329047940th Avenue Branch110 South 40th Avenue, Hattiesburg, MS 39402March 01, 2000Full Service Brick and Mortar
    4419294Picayune Branch1506-B Highway 43 South, Picayune, MS 39466June 06, 2003Full Service Brick and Mortar
    662135Laurel Branch1945 Highway 15 North, Laurel, MS 39441January 19, 1999Full Service Brick and Mortar
    7431706Pascagoula Branch1126 Jackson Ave, Suite 101, Pascagoula, MS 39567August 20, 2004Full Service Brick and Mortar
    914731Wiggins Branch124 Border Street, Wiggins, MS 39577October 30, 1973Full Service Brick and Mortar
    10469297Bay St. Louis Branch2118 Highway 90, Bay Saint Louis, MS 39520July 02, 2007Full Service Brick and Mortar
    11478991Gulfport Branch15513 O'neal Rd, Gulfport, MS 39503December 17, 2007Full Service Brick and Mortar
    136007Gulfport Branch1300 25th Avenue, Gulfport, MS 39501August 15, 1903Full Service Brick and Mortar
    14219945Bay St. Louis - Hwy 90 Branch800 Highway 90, Bay St. Louis, MS 39521July 28, 1967Full Service Brick and Mortar
    15219946Hardy Court Branch573 Courthouse Road, Gulfport, MS 39507Febuary 09, 1970Full Service Brick and Mortar
    16219947Gulfport Drive-In Facility1822 25th Avenue, Gulfport, MS 39501August 23, 1971Limited Service Facility
    17219950Harrison Central Branch11281 U.S. Highway 49, Gulfport, MS 39503June 18, 1979Full Service Brick and Mortar
    18219951Courthouse Road Drive-In Branch573 Courthouse Road, Gulfport, MS 39507September 28, 1984Limited Service Facility
    19219953Biloxi Branch2605 Pass Road, Biloxi, MS 39531October 02, 1987Full Service Brick and Mortar
    20219955Diamondhead Branch4402 Kalani Drive, Diamondhead, MS 39525April 27, 1992Full Service Brick and Mortar

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