FIRST COMMERCIAL BANK in Jackson, Mississippi (MS)
| FIRST COMMERCIAL BANK | |
|---|---|
| General | FDIC Certificate #: 57069 Status: Active Federal Reserve ID: 2948058 Bank Holding Company (Regulatory Top Holder): First Commercial Bancshares, Inc. (RSSDID: 3374935, Location: Jackson, MS) Date Established: October 12, 2000 WWW: http://www.firstcommercialbk.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 356788 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: October 12, 2000 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: 1300 Meadowbrook Road, Jackson, MS 39211 County: Hinds 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): Jackson, MS (#3560) Combined Statistical Area (CSA): Jackson-Yazoo City, MS (#298) Core Based Statistical Area (CBSA): Jackson, MS (#27140) CBSA Metro Statistical Area: Jackson, MS (#27140) |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $262.4 mil Equity capital: $30.7 mil Deposits held in domestic offices: $208.6 mil Return on assets (ROA): 0.87% ($2.3 mil) Quarterly return on assets: 0.99% ($2.6 mil) Return on Equity (ROE): 7.97% ($2.5 mil) Quarterly return on equity: 8.70% ($2.7 mil) Net income: $2.3 mil Quarterly Net income: $0.7 mil Pretax return on assets: 1.22% ($3,200.7 mil) Quarterly Pretax return on assets: 1.40% ($3,672.9 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 27 |
| Total assets | $262,353 |
| Cash and due from depository institutions | $5,215 |
| Interest-bearing balances | $1,244 |
| Securities | $17,087 |
| Federal funds sold & reverse repurchase agreements | $13,650 |
| Net loans & leases | $215,803 |
| Loan loss allowance | $3,259 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $75 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $10,523 |
| Life insurance assets | $262,353 |
| Total liabilities and capital | $231,671 |
| Total liabilities | $208,576 |
| Total deposits | $163,343 |
| Interest-bearing deposits | $208,576 |
| Deposits held in domestic offices | $89 |
| % insured (estimated) | 3106.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $19,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $989 |
| All other liabilities | $30,682 |
| Total equity capital | $30,682 |
| Total bank equity capital | $30,682 |
| Perpetual preferred stock | $0 |
| Common stock | $743 |
| Surplus | $17,532 |
| Undivided profits | $12,407 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $563 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $969 |
| Average Assets, year-to-date | $247,784 |
| Average Assets, quarterly | $16,007 |
| Volatile liabilities | $266,676 |
| Insider loans | $264,627 |
| FHLB advances | $233,439 |
| Loans and leases held for sale | $266,971 |
| Unused loan commitments | $3,022 |
| Tier 1 (core) risk-based capital | $3,022 |
| Tier 2 risk-based capital | $30,436 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $40,387 |
| Derivatives | $8,319 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $11,349 |
| Total interest expense | $2,680 |
| Net interest income | $8,669 |
| Provision for loan and lease losses | $432 |
| Total noninterest income | $573 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $363 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $210 |
| Total noninterest expense | $5,548 |
| Salaries and employee benefits | $3,379 |
| Premises and equipment expense | $467 |
| Additional noninterest expense | $1,702 |
| Pre-tax net operating income | $3,262 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $946 |
| Income before extraordinary items | $2,316 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,316 |
| Net charge-offs | $0 |
| Cash dividends | $2,316 |
| Sale, conversion, retirement of capital stock, net | $23 |
| Net operating income | $375 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.46% |
| Cost of funding earning assets | 1.05% |
| Net interest margin | 3.41% |
| Noninterest income to earning assets | 0.23% |
| Noninterest expense to earning assets | 2.18% |
| Net operating income to assets | 0.87% |
| Return on assets (ROA) | 0.87% |
| Pretax return on assets | 1.22% |
| Return on equity (ROE) | 7.97% |
| Retained earnings to average equity (YTD only) | 6.68% |
| Net charge-offs to loans | 0.01% |
| Credit loss provision to net charge-offs | 1878.26% |
| Efficiency ratio | 160.61% |
| Assets per employee | $60,030 |
| Cash dividends to net income (YTD only) | 9.72% |
| Condition Ratios (%) | |
| Loss allowance to loans | 16.19% |
| Loss allowance to noncurrent loans | 1.49% |
| Noncurrent assets plus other real estate owned to assets | 578.86% |
| Noncurrent loans to loans | 0.21% |
| Net loans and leases to deposits | 0.26% |
| Net loans and leases to core deposits | 103.46% |
| Equity capital to assets | 156.30% |
| Core capital (leverage) ratio | 11.69% |
| Tier 1 risk-based capital ratio | 11.40% |
| Total risk-based capital ratio | 13.04% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $266,676 |
| Average equity | $29,051 |
| Average loans | $254,577 |
| 1 Mississippi Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 356788 | First Commercial Bank | 1300 Meadowbrook Road, Jackson, MS 39211 | October 12, 2000 | Full Service Brick and Mortar |  |
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