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% ($3,672.9 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
27Total employees (full-time equivalent)
$262,353Total assets
$5,215Cash and due from depository institutions
$1,244Interest-bearing balances
$17,087Securities
$13,650Federal funds sold & reverse repurchase agreements
$215,803Net loans & leases
$3,259Loan loss allowance
$0Trading account assets
$75Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$262,353Life insurance assets
$10,523All other assets
$231,671Total liabilities and capital
$208,576Total liabilities
$163,343Total deposits
$208,576Interest-bearing deposits
$89Deposits held in domestic offices
3106.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$19,000Trading liabilities
$0Other borrowed funds
$989Subordinated debt
$30,682All other liabilities
$30,682Total equity capital
$30,682Total bank equity capital
$0Perpetual preferred stock
$743Common stock
$17,532Surplus
$12,407Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$563Income earned, not collected on loans
$0Earning assets
$969Long-term assets (5+ years)
$247,784Average Assets, year-to-date
$16,007Average Assets, quarterly
$266,676Volatile liabilities
$264,627Insider loans
$233,439FHLB advances
$266,971Loans and leases held for sale
$3,022Unused loan commitments
$3,022Tier 1 (core) risk-based capital
$30,436Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$40,387Restructured Loans and leases
$8,319Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$11,349Total interest income
$2,680Total interest expense
$8,669Net interest income
$432Provision for loan and lease losses
$573Total noninterest income
$0Fiduciary activities
$363Service charges on deposit accounts
$0Trading account gains & fees
$210Additional noninterest income
$5,548Total noninterest expense
$3,379Salaries and employee benefits
$467Premises and equipment expense
$1,702Additional noninterest expense
$3,262Pre-tax net operating income
$0Securities gains (losses)
$946Applicable income taxes
$2,316Income before extraordinary items
$0Extraordinary gains - net
$2,316Net income attributable to bank
$0Net charge-offs
$2,316Cash dividends
$23Sale, conversion, retirement of capital stock, net
$375Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.46%Yield on earning assets
1.05%Cost of funding earning assets
3.41%Net interest margin
0.23%Noninterest income to earning assets
2.18%Noninterest expense to earning assets
0.87%Net operating income to assets
0.87%Return on assets (ROA)
1.22%Pretax return on assets
7.97%Return on equity (ROE)
6.68%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
1878.26%Credit loss provision to net charge-offs
160.61%Efficiency ratio
60,030Assets per employee
9.72%Cash dividends to net income (YTD only)
Condition Ratios (%)
16.19%Loss allowance to loans
1.49%Loss allowance to noncurrent loans
578.86%Noncurrent assets plus other real estate owned to assets
0.21%Noncurrent loans to loans
0.26%Net loans and leases to deposits
103.46%Net loans and leases to core deposits
156.30%Equity capital to assets
11.69%Core capital (leverage) ratio
11.40%Tier 1 risk-based capital ratio
13.04%Total risk-based capital ratio
Memoranda
$14Average assets
$266,676Average earning assets
$29,051Average equity
$254,577Average loans
List of branches
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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