First Jackson Bank, Inc. in city_name, state_name - Detailed Financial Reports, Location

First Jackson Bank, Inc. in Stevenson, Alabama (AL), TN
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First Jackson Bank, Inc. routing number info

First Jackson Bank, Inc. - Overview

General
FDIC Certificate #: 23376
Status: Active
Federal Reserve ID: 248633
Bank Holding Company (Regulatory Top Holder): 1st Jackson Bancshares, Inc. (RSSDID: 2306993, Location: Stevenson, AL)
Date Established: April 10, 1981
WWW: http://www.firstjacksonbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Domestic: 6, Interstate: Yes)
OTS Docket #: 13698
FDIC's unique #: 16391
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: April 10, 1981
Last Structure Change Effective Date: Febuary 24, 2011
Last Structure Change Process Date: Febuary 24, 2011
Last Data Update: Febuary 24, 2011
Data Source Date: April 05, 2012
Location
Address: 43243 Us Highway 72, Stevenson, AL 35772
County: Jackson
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Shelby
Office of the Comptroller the Currency (OCC) District: Southwest
Office of Thrift Supervision Region: Southeast
Core Based Statistical Area (CBSA): Scottsboro, AL (#42460)
CBSA Micro Statistical Area: Yes
History of Changes
Change in Geographic Region/Area/Territory/Field Office
Financial Summary
Total assets: $223.9 mil
Equity capital: $18.0 mil
Deposits held in domestic offices: $188.7 mil
Return on assets (ROA): 0.70% ($1.6 mil)
Quarterly return on assets: 0.28% ($0.6 mil)
Return on Equity (ROE): 8.73% ($1.6 mil)
Quarterly return on equity: 3.42% ($0.6 mil)
Net income: $1.5 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.82% ($1,836.3 mil)
Quarterly Pretax return on assets: 0.75% ($1,679.5 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
46Total employees (full-time equivalent)
$223,937Total assets
$17,039Cash and due from depository institutions
$6,274Interest-bearing balances
$66,623Securities
$7,200Federal funds sold & reverse repurchase agreements
$117,490Net loans & leases
$1,599Loan loss allowance
$0Trading account assets
$7,869Bank premises and fixed assets
$3,060Other real estate owned
$0Goodwill and other intangibles
$223,937Life insurance assets
$4,656All other assets
$205,965Total liabilities and capital
$188,677Total liabilities
$173,700Total deposits
$188,677Interest-bearing deposits
$84Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$16,500Trading liabilities
$0Other borrowed funds
$788Subordinated debt
$17,972All other liabilities
$17,972Total equity capital
$17,972Total bank equity capital
$0Perpetual preferred stock
$112Common stock
$1,469Surplus
$16,391Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$4,337Income earned, not collected on loans
$232Earning assets
$1,437Long-term assets (5+ years)
$197,587Average Assets, year-to-date
$71,302Average Assets, quarterly
$211,775Volatile liabilities
$219,928Insider loans
$154,194FHLB advances
$216,810Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$18,734Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$6,313Restructured Loans and leases
$1,933Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$10,565Total interest income
$4,067Total interest expense
$6,498Net interest income
$860Provision for loan and lease losses
$457Total noninterest income
$0Fiduciary activities
$738Service charges on deposit accounts
$0Trading account gains & fees
-$281Additional noninterest income
$4,562Total noninterest expense
$2,174Salaries and employee benefits
$658Premises and equipment expense
$1,730Additional noninterest expense
$1,533Pre-tax net operating income
$207Securities gains (losses)
$249Applicable income taxes
$1,491Income before extraordinary items
$0Extraordinary gains - net
$1,491Net income attributable to bank
$0Net charge-offs
$1,491Cash dividends
$917Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.59%Yield on earning assets
2.15%Cost of funding earning assets
3.44%Net interest margin
0.24%Noninterest income to earning assets
2.42%Noninterest expense to earning assets
0.62%Net operating income to assets
0.70%Return on assets (ROA)
0.82%Pretax return on assets
8.73%Return on equity (ROE)
8.73%Retained earnings to average equity (YTD only)
0.77%Net charge-offs to loans
93.78%Credit loss provision to net charge-offs
2.61%Efficiency ratio
65,593Assets per employee
4.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.34%Loss allowance to noncurrent loans
36.87%Noncurrent assets plus other real estate owned to assets
3.30%Noncurrent loans to loans
3.64%Net loans and leases to deposits
62.27%Net loans and leases to core deposits
76.77%Equity capital to assets
8.03%Core capital (leverage) ratio
8.64%Tier 1 risk-based capital ratio
12.15%Total risk-based capital ratio
Memoranda
$13Average assets
$211,775Average earning assets
$17,080Average equity
$188,835Average loans

List of branches

5 Alabama Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	16391	First Jackson Bank, Inc.	43243 Us Highway 72, Stevenson, AL 35772	April 10, 1981	Full Service Brick and Mortar
2	256295	Bridgeport Branch	50550 Us Hwy 277, Bridgeport, AL 35740	June 13, 1988	Full Service Brick and Mortar
3	256296	Scottsboro Branch	408 East Laurel Street, Scottsboro, AL 35768	December 16, 1996	Full Service Brick and Mortar
4	294956	Scottsboro Wal-Mart Branch	24807 John T. Reid Parkway, Scottsboro, AL 35768	Febuary 24, 2000	Full Service Retail
5	469746	Wal-Mart Shopping Center Branch	308 Sutton Road, Owens Cross Roads, AL 35763	November 16, 2007	Full Service Brick and Mortar

1 Tennessee Branch as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
6	485224	South Pittsburg Branch	201 Battlecreek Road, South Pittsburg, TN 37380	November 17, 2008	Full Service Brick and Mortar

First Jackson Bank, Inc. in Stevenson, Alabama (AL), TN
Overview, Financial Summary, Detailed Financial Reports, Branches

First Jackson Bank, Inc. - 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 Jackson Bank, Inc. in Stevenson, Alabama (AL), TNOverview, Financial Summary, Detailed Financial Reports, Branches

First Jackson Bank, Inc. - 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 Jackson Bank, Inc. in Stevenson, Alabama (AL), TN
Overview, Financial Summary, Detailed Financial Reports, Branches