The First, A National Banking Association in Hattiesburg, Mississippi (MS), LA
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The First, A National Banking Association routing number info
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| The First, A National Banking Association | |
|---|---|
| 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 WWW: http://www.thefirstbank.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: 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 204 |
| Total assets | $679,893 |
| Cash and due from depository institutions | $22,919 |
| Interest-bearing balances | $12,788 |
| Securities | $218,531 |
| Federal funds sold & reverse repurchase agreements | $241 |
| Net loans & leases | $383,417 |
| Loan loss allowance | $4,511 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $22,622 |
| Other real estate owned | $4,353 |
| Goodwill and other intangibles | $12,023 |
| All other assets | $15,787 |
| Life insurance assets | $679,893 |
| Total liabilities and capital | $610,629 |
| Total liabilities | $567,319 |
| Total deposits | $493,486 |
| Interest-bearing deposits | $567,319 |
| Deposits held in domestic offices | $81 |
| % insured (estimated) | 15000.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $13,572 |
| Other borrowed funds | $0 |
| Subordinated debt | $14,738 |
| All other liabilities | $69,264 |
| Total equity capital | $69,264 |
| Total bank equity capital | $69,264 |
| Perpetual preferred stock | $0 |
| Common stock | $5,149 |
| Surplus | $40,279 |
| Undivided profits | $23,836 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $2,906 |
| Income earned, not collected on loans | $5,621 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $2,772 |
| Average Assets, year-to-date | $614,977 |
| Average Assets, quarterly | $119,762 |
| Volatile liabilities | $593,958 |
| Insider loans | $694,164 |
| FHLB advances | $456,590 |
| Loans and leases held for sale | $677,574 |
| Unused loan commitments | $6,270 |
| Tier 1 (core) risk-based capital | $3,544 |
| Tier 2 risk-based capital | $56,399 |
| Total risk weighted assets | $0 |
| Total unused commitments | $2,726 |
| Restructured Loans and leases | $59,035 |
| Derivatives | $12,955 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $24,470 |
| Total interest expense | $5,196 |
| Net interest income | $19,274 |
| Provision for loan and lease losses | $1,468 |
| Total noninterest income | $4,099 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $2,704 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $1,395 |
| Total noninterest expense | $17,246 |
| Salaries and employee benefits | $9,548 |
| Premises and equipment expense | $2,179 |
| Additional noninterest expense | $5,519 |
| Pre-tax net operating income | $4,659 |
| Securities gains (losses) | -$4 |
| Applicable income taxes | $1,159 |
| Income before extraordinary items | $3,496 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $3,496 |
| Net charge-offs | $0 |
| Cash dividends | $3,496 |
| Sale, conversion, retirement of capital stock, net | $1,574 |
| Net operating income | $530 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.52% |
| Cost of funding earning assets | 0.96% |
| Net interest margin | 3.56% |
| Noninterest income to earning assets | 0.76% |
| Noninterest expense to earning assets | 3.19% |
| Net operating income to assets | 0.59% |
| Return on assets (ROA) | 0.59% |
| Pretax return on assets | 0.78% |
| Return on equity (ROE) | 5.54% |
| Retained earnings to average equity (YTD only) | 4.70% |
| Net charge-offs to loans | 0.44% |
| Credit loss provision to net charge-offs | 93.27% |
| Efficiency ratio | 3.89% |
| Assets per employee | $73,191 |
| Cash dividends to net income (YTD only) | 3.33% |
| Condition Ratios (%) | |
| Loss allowance to loans | 15.16% |
| Loss allowance to noncurrent loans | 1.16% |
| Noncurrent assets plus other real estate owned to assets | 80.25% |
| Noncurrent loans to loans | 1.75% |
| Net loans and leases to deposits | 1.45% |
| Net loans and leases to core deposits | 67.58% |
| Equity capital to assets | 73.90% |
| Core capital (leverage) ratio | 10.19% |
| Tier 1 risk-based capital ratio | 8.32% |
| Total risk-based capital ratio | 12.35% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $593,958 |
| Average equity | $63,146 |
| Average loans | $541,164 |
| 2 Louisiana Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 12 | 525931 | Columbia Street Branch | 600 Columbia Street, Bogalusa, LA 70429 | September 12, 2011 | Full Service Brick and Mortar |  |
| 21 | 13577 | Parish Branch | 600 Columbia Street, Bogalusa, LA 70429 | January 25, 1968 | Full Service Brick and Mortar | |
| 18 Mississippi Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 56975 | The First, A National Banking Association | 6480 Ushwy 98 West, Hattiesburg, MS 39402 | August 05, 1996 | Full Service Brick and Mortar |  |
| 1 | 290477 | Purvis Branch | 631 Highway 589, Purvis, MS 39475 | November 18, 1996 | Full Service Brick and Mortar | |
| 2 | 290478 | Lincoln Road Branch | 2702 Lincoln Road, Hattiesburg, MS 39401 | December 17, 1998 | Full Service Brick and Mortar | |
| 3 | 290479 | 40th Avenue Branch | 110 South 40th Avenue, Hattiesburg, MS 39402 | March 01, 2000 | Full Service Brick and Mortar | |
| 4 | 419294 | Picayune Branch | 1506-B Highway 43 South, Picayune, MS 39466 | June 06, 2003 | Full Service Brick and Mortar | |
| 6 | 62135 | Laurel Branch | 1945 Highway 15 North, Laurel, MS 39441 | January 19, 1999 | Full Service Brick and Mortar | |
| 7 | 431706 | Pascagoula Branch | 1126 Jackson Ave, Suite 101, Pascagoula, MS 39567 | August 20, 2004 | Full Service Brick and Mortar | |
| 9 | 14731 | Wiggins Branch | 124 Border Street, Wiggins, MS 39577 | October 30, 1973 | Full Service Brick and Mortar | |
| 10 | 469297 | Bay St. Louis Branch | 2118 Highway 90, Bay Saint Louis, MS 39520 | July 02, 2007 | Full Service Brick and Mortar | |
| 11 | 478991 | Gulfport Branch | 15513 O'neal Rd, Gulfport, MS 39503 | December 17, 2007 | Full Service Brick and Mortar | |
| 13 | 6007 | Gulfport Branch | 1300 25th Avenue, Gulfport, MS 39501 | August 15, 1903 | Full Service Brick and Mortar | |
| 14 | 219945 | Bay St. Louis - Hwy 90 Branch | 800 Highway 90, Bay St. Louis, MS 39521 | July 28, 1967 | Full Service Brick and Mortar | |
| 15 | 219946 | Hardy Court Branch | 573 Courthouse Road, Gulfport, MS 39507 | Febuary 09, 1970 | Full Service Brick and Mortar | |
| 16 | 219947 | Gulfport Drive-In Facility | 1822 25th Avenue, Gulfport, MS 39501 | August 23, 1971 | Limited Service Facility | |
| 17 | 219950 | Harrison Central Branch | 11281 U.S. Highway 49, Gulfport, MS 39503 | June 18, 1979 | Full Service Brick and Mortar | |
| 18 | 219951 | Courthouse Road Drive-In Branch | 573 Courthouse Road, Gulfport, MS 39507 | September 28, 1984 | Limited Service Facility | |
| 19 | 219953 | Biloxi Branch | 2605 Pass Road, Biloxi, MS 39531 | October 02, 1987 | Full Service Brick and Mortar | |
| 20 | 219955 | Diamondhead Branch | 4402 Kalani Drive, Diamondhead, MS 39525 | April 27, 1992 | Full Service Brick and Mortar | |
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