First American National Bank in city_name, state_name - Detailed Financial Reports, Location

First American National Bank in Iuka, Mississippi (MS)
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First American National Bank routing number info

First American National Bank - Overview

General
FDIC Certificate #: 19226
Status: Active
Federal Reserve ID: 786340
Bank Holding Company (Regulatory Top Holder): First American Bancshares, Inc. (RSSDID: 3179877, Location: Iuka, MS)
Date Established: September 05, 1964
WWW: http://www.fanb.net
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: 8 (Domestic: 8, Interstate: No)
OTS Docket #: 9725
FDIC's unique #: 13043
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: All Other Specialization < 1 Billion
Date of Deposit Insurance: September 05, 1964
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: June 21, 2010
Last Data Update: June 21, 2010
Data Source Date: April 05, 2012
Location
Address: 1251 First American Drive, Iuka, MS 38852
County: Tishomingo
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
History of Changes
Merge BIF and SAIF Funds into DIF
Office Purchased
Financial Summary
Total assets: $234.0 mil
Equity capital: $26.3 mil
Deposits held in domestic offices: $203.4 mil
Return on assets (ROA): 0.88% ($2.1 mil)
Quarterly return on assets: 1.20% ($2.8 mil)
Return on Equity (ROE): 7.87% ($2.0 mil)
Quarterly return on equity: 10.62% ($2.8 mil)
Net income: $2.0 mil
Quarterly Net income: $0.7 mil
Pretax return on assets: 0.88% ($2,058.8 mil)
Quarterly Pretax return on assets: 1.20% ($2,807.5 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
81Total employees (full-time equivalent)
$233,957Total assets
$14,766Cash and due from depository institutions
$6,713Interest-bearing balances
$77,675Securities
$14,650Federal funds sold & reverse repurchase agreements
$109,749Net loans & leases
$1,691Loan loss allowance
$0Trading account assets
$4,838Bank premises and fixed assets
$601Other real estate owned
$2,573Goodwill and other intangibles
$233,957Life insurance assets
$9,105All other assets
$207,636Total liabilities and capital
$203,371Total liabilities
$178,609Total deposits
$203,371Interest-bearing deposits
$89Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$2,969Trading liabilities
$0Other borrowed funds
$1,296Subordinated debt
$26,321All other liabilities
$26,321Total equity capital
$26,321Total bank equity capital
$0Perpetual preferred stock
$715Common stock
$19,806Surplus
$5,800Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$360Income earned, not collected on loans
$0Earning assets
$1,070Long-term assets (5+ years)
$208,787Average Assets, year-to-date
$47,311Average Assets, quarterly
$228,876Volatile liabilities
$232,144Insider loans
$167,833FHLB advances
$227,145Loans and leases held for sale
$2,751Unused loan commitments
$2,751Tier 1 (core) risk-based capital
$23,811Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$10,035Restructured Loans and leases
$308Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$9,706Total interest income
$1,872Total interest expense
$7,834Net interest income
$428Provision for loan and lease losses
$2,615Total noninterest income
$0Fiduciary activities
$1,796Service charges on deposit accounts
$0Trading account gains & fees
$819Additional noninterest income
$7,871Total noninterest expense
$4,350Salaries and employee benefits
$1,315Premises and equipment expense
$2,206Additional noninterest expense
$2,150Pre-tax net operating income
-$138Securities gains (losses)
$0Applicable income taxes
$2,012Income before extraordinary items
$0Extraordinary gains - net
$2,012Net income attributable to bank
$0Net charge-offs
$2,012Cash dividends
$376Sale, conversion, retirement of capital stock, net
$1,189Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.78%Yield on earning assets
0.92%Cost of funding earning assets
3.86%Net interest margin
1.29%Noninterest income to earning assets
3.88%Noninterest expense to earning assets
0.94%Net operating income to assets
0.88%Return on assets (ROA)
0.88%Pretax return on assets
7.87%Return on equity (ROE)
3.22%Retained earnings to average equity (YTD only)
0.35%Net charge-offs to loans
113.83%Credit loss provision to net charge-offs
6.86%Efficiency ratio
72,667Assets per employee
2.89%Cash dividends to net income (YTD only)
Condition Ratios (%)
59.10%Loss allowance to loans
1.52%Loss allowance to noncurrent loans
469.72%Noncurrent assets plus other real estate owned to assets
0.82%Noncurrent loans to loans
0.32%Net loans and leases to deposits
53.96%Net loans and leases to core deposits
54.93%Equity capital to assets
11.25%Core capital (leverage) ratio
10.48%Tier 1 risk-based capital ratio
14.19%Total risk-based capital ratio
Memoranda
$15Average assets
$228,876Average earning assets
$25,552Average equity
$202,915Average loans

List of branches

8 Mississippi Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	13043	First American National Bank	1251 First American Drive, Iuka, MS 38852	September 05, 1964	Full Service Brick and Mortar
1	247677	Burnsville Branch	U.S. Highway And State Road 365, Burnsville, MS 38833	August 31, 1965	Full Service Brick and Mortar
2	247678	Golden Branch	207 Front Street, Golden, MS 38847	May 31, 1969	Full Service Brick and Mortar
7	247683	Tishomingo Branch	Highway 25 And North Street, Tishomingo, MS 38873	April 27, 1988	Full Service Brick and Mortar
10	282697	Booneville Branch	1102 N Second Street, Booneville, MS 38829	January 01, 1956	Full Service Brick and Mortar
13	247686	Saltillo Branch	173 Mobile Street, Saltillo, MS 38866	November 18, 1996	Full Service Brick and Mortar
14	447391	Fulton Office Branch	401 Interchange Drive, Fulton, MS 38843	December 12, 2005	Full Service Brick and Mortar
16	181538	Belmont Main Branch	362 Second Street, Belmont, MS 38827	May 01, 1969	Full Service Brick and Mortar

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Dec 19, 2023 @ 8:08 am

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First American National Bank in Iuka, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

First American National Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First American National Bank in Iuka, Mississippi (MS)Overview, Financial Summary, Detailed Financial Reports, Branches

First American National Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

First American National Bank in Iuka, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches