First State Bank in Holly Springs, Mississippi (MS)
| First State Bank | |
|---|---|
| General | FDIC Certificate #: 10588 Status: Active Federal Reserve ID: 773546 Bank Holding Company (Regulatory Top Holder): First State Capital Corporation (RSSDID: 1100028, Location: Holly Springs, MS) Date Established: July 01, 1916 WWW: http://www.firststatenet.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Domestic: 3, Interstate: No) FDIC's unique #: 6786 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: January 01, 1934 Last Structure Change Effective Date: August 10, 2006 Last Structure Change Process Date: August 10, 2006 Last Data Update: August 10, 2006 Data Source Date: April 05, 2012 |
| Location | Address: College Avenue And Alderson Street, Holly Springs, MS 38635 County: Marshall Quarterly Banking Profile Region: Dallas FDIC Geographic Region: Dallas FDIC Supervisory Region: Dallas FDIC Field Office: Memphis Office of the Comptroller the Currency (OCC) District: Southwest Office of Thrift Supervision Region: West Core Based Statistical Area (CBSA): Memphis, TN-MS-AR (#32820) CBSA Metro Statistical Area: Memphis, TN-MS-AR (#32820) |
| Financial Summary | Total assets: $91.4 mil Equity capital: $10.7 mil Deposits held in domestic offices: $80.5 mil Return on assets (ROA): -2.25% (-$2.0 mil) Quarterly return on assets: -1.13% (-$1.0 mil) Return on Equity (ROE): -19.10% (-$2.1 mil) Quarterly return on equity: -9.75% (-$1.1 mil) Net income: -$2.2 mil Quarterly Net income: -$0.3 mil Pretax return on assets: -2.22% (-$2,028.0 mil) Quarterly Pretax return on assets: -1.10% (-$1,004.9 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 35 |
| Total assets | $91,352 |
| Cash and due from depository institutions | $7,700 |
| Interest-bearing balances | $4,525 |
| Securities | $20,553 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $56,547 |
| Loan loss allowance | $1,014 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,403 |
| Other real estate owned | $3,266 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,883 |
| Life insurance assets | $91,352 |
| Total liabilities and capital | $80,667 |
| Total liabilities | $80,471 |
| Total deposits | $68,656 |
| Interest-bearing deposits | $80,471 |
| Deposits held in domestic offices | $83 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $196 |
| All other liabilities | $10,685 |
| Total equity capital | $10,685 |
| Total bank equity capital | $10,685 |
| Perpetual preferred stock | $0 |
| Common stock | $200 |
| Surplus | $14,310 |
| Undivided profits | $-3,825 |
| 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 | $1,296 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $475 |
| Average Assets, year-to-date | $81,625 |
| Average Assets, quarterly | $11,899 |
| Volatile liabilities | $96,744 |
| Insider loans | $92,639 |
| FHLB advances | $71,678 |
| Loans and leases held for sale | $90,157 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $10,691 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $3,727 |
| Derivatives | $4,533 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $4,317 |
| Total interest expense | $831 |
| Net interest income | $3,486 |
| Provision for loan and lease losses | $716 |
| Total noninterest income | $272 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $576 |
| Trading account gains & fees | $0 |
| Additional noninterest income | -$304 |
| Total noninterest expense | $4,005 |
| Salaries and employee benefits | $2,091 |
| Premises and equipment expense | $653 |
| Additional noninterest expense | $1,261 |
| Pre-tax net operating income | -$963 |
| Securities gains (losses) | -$1,184 |
| Applicable income taxes | $32 |
| Income before extraordinary items | -$2,179 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$2,179 |
| Net charge-offs | $0 |
| Cash dividends | -$2,179 |
| Sale, conversion, retirement of capital stock, net | $1,016 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.97% |
| Cost of funding earning assets | 0.96% |
| Net interest margin | 4.01% |
| Noninterest income to earning assets | 0.31% |
| Noninterest expense to earning assets | 4.61% |
| Net operating income to assets | -1.03% |
| Return on assets (ROA) | -2.25% |
| Pretax return on assets | -2.22% |
| Return on equity (ROE) | -19.10% |
| Retained earnings to average equity (YTD only) | -19.10% |
| Net charge-offs to loans | 1.67% |
| Credit loss provision to net charge-offs | 70.47% |
| Efficiency ratio | -0.24% |
| Assets per employee | $106,573 |
| Cash dividends to net income (YTD only) | 2.61% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.76% |
| Noncurrent assets plus other real estate owned to assets | 78.24% |
| Noncurrent loans to loans | 6.70% |
| Net loans and leases to deposits | 2.25% |
| Net loans and leases to core deposits | 70.27% |
| Equity capital to assets | 79.30% |
| Core capital (leverage) ratio | 11.70% |
| Tier 1 risk-based capital ratio | 11.86% |
| Total risk-based capital ratio | 14.92% |
| Memoranda | |
| Average assets | $16 |
| Average earning assets | $96,744 |
| Average equity | $11,407 |
| Average loans | $86,941 |
| 3 Mississippi Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 6786 | First State Bank | College Avenue And Alderson Street, Holly Springs, MS 38635 | July 01, 1916 | Full Service Brick and Mortar |  |
| 3 | 222769 | Mount Pleasant Branch | 53 Taska Road, Mount Pleasant, MS 38649 | August 29, 1973 | Full Service Brick and Mortar |  |
| 4 | 222770 | Craft Street Branch | 615 Highway 7 South, Holly Springs, MS 38635 | October 14, 1997 | Full Service Brick and Mortar | |
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