The First National Bank of the Pine Belt in Laurel, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 23, 2004

  • The First National Bank of the Pine Belt in Laurel, Mississippi (MS)
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The First National Bank of the Pine Belt - Overview

  • General
  • FDIC Certificate #: 34961
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The First, A National Banking Association (#34217)
    Federal Reserve ID: 2747952
    Date Established: January 19, 1999
    WWW: http://www.gofnb.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 62135
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 19, 1999
    Last Structure Change Effective Date: January 23, 2004
    Last Structure Change Process Date: Febuary 12, 2004
    Last Data Update: Febuary 12, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 1945 Highway 15 North, Laurel, MS 39441
    County: Jones
    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
    Core Based Statistical Area (CBSA): Laurel, MS (#29860)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $52.8 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, 2003)

  • Dollar figures in thousands
  • 17Total employees (full-time equivalent)
  • $52,804Total assets
  • $2,499Cash and due from depository institutions
  • $354Interest-bearing balances
  • $13,702Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $32,460Net loans & leases
  • $354Loan loss allowance
  • $0Trading account assets
  • $2,215Bank premises and fixed assets
  • $77Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,851All other assets
  • $52,804Total liabilities and capital
  • $47,625Total liabilities
  • $42,315Total deposits
  • $36,829Interest-bearing deposits
  • $42,315Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,156Other borrowed funds
  • $0Subordinated debt
  • $154All other liabilities
  • $5,179Total equity capital
  • $5,179Total bank equity capital
  • $5,179Perpetual preferred stock
  • $0Common stock
  • $2,500Surplus
  • $2,500Undivided profits
  • Memoranda
  • $179Noncurrent loans and leases
  • $3,384Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $74Earning assets
  • $0Long-term assets (5+ years)
  • $238Average Assets, year-to-date
  • $46,516Average Assets, quarterly
  • $3,952Volatile liabilities
  • $50,294Insider loans
  • $52,742FHLB advances
  • $8,035Loans and leases held for sale
  • $3,564Unused loan commitments
  • $4,156Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,384Total unused commitments
  • $0Restructured Loans and leases
  • $354Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $2,717Total interest income
  • $851Total interest expense
  • $1,866Net interest income
  • $123Provision for loan and lease losses
  • $434Total noninterest income
  • $0Fiduciary activities
  • $335Service charges on deposit accounts
  • $0Trading account gains & fees
  • $99Additional noninterest income
  • $1,788Total noninterest expense
  • $734Salaries and employee benefits
  • $267Premises and equipment expense
  • $787Additional noninterest expense
  • $389Pre-tax net operating income
  • $0Securities gains (losses)
  • $132Applicable income taxes
  • $257Income before extraordinary items
  • $0Extraordinary gains - net
  • $257Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $181Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.25%Yield on earning assets
  • 1.96%Cost of funding earning assets
  • 4.29%Net interest margin
  • 1.00%Noninterest income to earning assets
  • 4.12%Noninterest expense to earning assets
  • 0.51%Net operating income to assets
  • 0.51%Return on assets (ROA)
  • 0.77%Pretax return on assets
  • 5.08%Return on equity (ROE)
  • 5.08%Retained earnings to average equity (YTD only)
  • 0.57%Net charge-offs to loans
  • 67.96%Credit loss provision to net charge-offs
  • 2.83%Efficiency ratio
  • 77,739Assets per employee
  • 3.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.08%Loss allowance to noncurrent loans
  • 478.38%Noncurrent assets plus other real estate owned to assets
  • 0.29%Noncurrent loans to loans
  • 0.23%Net loans and leases to deposits
  • 76.71%Net loans and leases to core deposits
  • 92.01%Equity capital to assets
  • 9.81%Core capital (leverage) ratio
  • 9.58%Tier 1 risk-based capital ratio
  • 12.74%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $50,294Average earning assets
  • $5,061Average equity
  • $43,449Average loans

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