First National Bank of Picayune in Picayune, Mississippi (MS)
| First National Bank of Picayune | |
|---|---|
| General | FDIC Certificate #: 16612 Status: Active Federal Reserve ID: 568939 Bank Holding Company (Regulatory Top Holder): First National Corporation Of Picayune (RSSDID: 1083318, Location: Picayune, MS) Date Established: July 31, 1947 WWW: http://www.fnbop.com 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: 6 (Domestic: 6, Interstate: No) OTS Docket #: 11995 FDIC's unique #: 10754 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: Yes Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: July 31, 1947 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: 121 East Canal Street, Picayune, MS 39466 County: Pearl River 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): Picayune, MS (#38100) CBSA Micro Statistical Area: Yes |
| History of Changes | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $208.1 mil Equity capital: $23.8 mil Deposits held in domestic offices: $183.9 mil Return on assets (ROA): 1.97% ($4.1 mil) Quarterly return on assets: 1.13% ($2.4 mil) Return on Equity (ROE): 17.93% ($4.3 mil) Quarterly return on equity: 10.07% ($2.4 mil) Net income: $4.1 mil Quarterly Net income: $0.6 mil Pretax return on assets: 1.97% ($4,099.5 mil) Quarterly Pretax return on assets: 1.13% ($2,351.5 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 62 |
| Total assets | $208,098 |
| Cash and due from depository institutions | $11,759 |
| Interest-bearing balances | $8,991 |
| Securities | $24,540 |
| Federal funds sold & reverse repurchase agreements | $6,300 |
| Net loans & leases | $156,740 |
| Loan loss allowance | $2,163 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,287 |
| Other real estate owned | $3,229 |
| Goodwill and other intangibles | $26 |
| All other assets | $2,217 |
| Life insurance assets | $208,098 |
| Total liabilities and capital | $184,281 |
| Total liabilities | $183,887 |
| Total deposits | $147,218 |
| Interest-bearing deposits | $183,887 |
| Deposits held in domestic offices | $97 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $394 |
| All other liabilities | $23,817 |
| Total equity capital | $23,817 |
| Total bank equity capital | $23,817 |
| Perpetual preferred stock | $0 |
| Common stock | $366 |
| Surplus | $5,332 |
| Undivided profits | $18,119 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $230 |
| Income earned, not collected on loans | $3,228 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $915 |
| Average Assets, year-to-date | $196,571 |
| Average Assets, quarterly | $39,191 |
| Volatile liabilities | $209,367 |
| Insider loans | $209,466 |
| FHLB advances | $143,866 |
| Loans and leases held for sale | $209,193 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $23,111 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $4,489 |
| Derivatives | $8,941 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $11,586 |
| Total interest expense | $2,458 |
| Net interest income | $9,128 |
| Provision for loan and lease losses | $837 |
| Total noninterest income | $1,855 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $1,452 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $403 |
| Total noninterest expense | $6,015 |
| Salaries and employee benefits | $3,346 |
| Premises and equipment expense | $590 |
| Additional noninterest expense | $2,079 |
| Pre-tax net operating income | $4,131 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $4,131 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $4,131 |
| Net charge-offs | $0 |
| Cash dividends | $4,131 |
| Sale, conversion, retirement of capital stock, net | $714 |
| Net operating income | $3,360 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.86% |
| Cost of funding earning assets | 1.24% |
| Net interest margin | 4.61% |
| Noninterest income to earning assets | 0.94% |
| Noninterest expense to earning assets | 3.04% |
| Net operating income to assets | 1.97% |
| Return on assets (ROA) | 1.97% |
| Pretax return on assets | 1.97% |
| Return on equity (ROE) | 17.93% |
| Retained earnings to average equity (YTD only) | 3.35% |
| Net charge-offs to loans | 0.44% |
| Credit loss provision to net charge-offs | 117.23% |
| Efficiency ratio | 6.96% |
| Assets per employee | $54,484 |
| Cash dividends to net income (YTD only) | 3.36% |
| Condition Ratios (%) | |
| Loss allowance to loans | 81.34% |
| Loss allowance to noncurrent loans | 1.36% |
| Noncurrent assets plus other real estate owned to assets | 67.01% |
| Noncurrent loans to loans | 3.10% |
| Net loans and leases to deposits | 2.03% |
| Net loans and leases to core deposits | 85.24% |
| Equity capital to assets | 89.30% |
| Core capital (leverage) ratio | 11.45% |
| Tier 1 risk-based capital ratio | 11.05% |
| Total risk-based capital ratio | 16.06% |
| Memoranda | |
| Average assets | $17 |
| Average earning assets | $209,367 |
| Average equity | $23,033 |
| Average loans | $197,825 |
| 6 Mississippi Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 10754 | First National Bank Of Picayune | 121 East Canal Street, Picayune, MS 39466 | July 31, 1947 | Full Service Brick and Mortar |  |
| 1 | 238481 | West Canal Street Branch | 208 West Canal Street, Picayune, MS 39466 | April 27, 1963 | Full Service Brick and Mortar |  |
| 2 | 238482 | North Branch | 721 Cooper Road, Picayune, MS 39466 | May 28, 1976 | Full Service Brick and Mortar | |
| 3 | 238483 | Picayune-South Branch | 801 Memorial Blvd, Picayune, MS 39466 | October 15, 1981 | Full Service Brick and Mortar | |
| 4 | 272386 | Wiggins Branch | 1025 Hall Street, Wiggins, MS 39577 | July 01, 1934 | Full Service Brick and Mortar | |
| 6 | 238485 | Poplarville Branch | 1720 South Main Street, Poplarville, MS 39470 | January 14, 2000 | Full Service Brick and Mortar | |
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