FDIC Certificate #: 21290 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The First, A National Banking Association (#34217) Federal Reserve ID: 732730 Date Established: October 30, 1973 WWW:http://www.fnbwiggins.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) OTS Docket #: 12779 FDIC's unique #: 14731 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: October 30, 1973 Last Structure Change Effective Date: October 01, 2006 Last Structure Change Process Date: November 08, 2006 Last Data Update: November 08, 2006 Data Source Date: April 05, 2012
Location
Address: 124 Border Street, Wiggins, MS 39577 County: Stone 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 Combined Statistical Area (CSA): Gulfport-Biloxi-Pascagoula, MS (#274) Core Based Statistical Area (CBSA): Gulfport-Biloxi, MS (#25060) CBSA Metro Statistical Area: Gulfport-Biloxi, MS (#25060)
Financial Summary
Total assets: $47.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
16Total employees (full-time equivalent)
$51,040Total assets
$2,046Cash and due from depository institutions
$8Interest-bearing balances
$17,499Securities
$8,675Federal funds sold & reverse repurchase agreements
$20,545Net loans & leases
$309Loan loss allowance
$0Trading account assets
$658Bank premises and fixed assets
$146Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,471All other assets
$51,040Total liabilities and capital
$47,611Total liabilities
$47,444Total deposits
$34,388Interest-bearing deposits
$47,444Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$17Other borrowed funds
$0Subordinated debt
$150All other liabilities
$3,429Total equity capital
$3,429Total bank equity capital
$3,429Perpetual preferred stock
$0Common stock
$237Surplus
$4,908Undivided profits
Memoranda
$-1,716Noncurrent loans and leases
$1,427Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$315Earning assets
$0Long-term assets (5+ years)
$343Average Assets, year-to-date
$46,727Average Assets, quarterly
$5,237Volatile liabilities
$47,581Insider loans
$49,845FHLB advances
$9,575Loans and leases held for sale
$1,163Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,427Total unused commitments
$0Restructured Loans and leases
$309Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$2,548Total interest income
$1,061Total interest expense
$1,487Net interest income
$118Provision for loan and lease losses
$300Total noninterest income
$0Fiduciary activities
$327Service charges on deposit accounts
$0Trading account gains & fees
-$27Additional noninterest income
$1,912Total noninterest expense
$819Salaries and employee benefits
$281Premises and equipment expense
$812Additional noninterest expense
-$243Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$243Income before extraordinary items
$0Extraordinary gains - net
-$243Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$785Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.96%Yield on earning assets
2.48%Cost of funding earning assets
3.48%Net interest margin
0.70%Noninterest income to earning assets
4.47%Noninterest expense to earning assets
-0.51%Net operating income to assets
-0.51%Return on assets (ROA)
-0.51%Pretax return on assets
-6.84%Return on equity (ROE)
-6.84%Retained earnings to average equity (YTD only)
3.13%Net charge-offs to loans
15.03%Credit loss provision to net charge-offs
-0.16%Efficiency ratio
106,995Assets per employee
3.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.48%Loss allowance to noncurrent loans
98.10%Noncurrent assets plus other real estate owned to assets
0.90%Noncurrent loans to loans
1.51%Net loans and leases to deposits
43.30%Net loans and leases to core deposits
54.25%Equity capital to assets
6.72%Core capital (leverage) ratio
6.45%Tier 1 risk-based capital ratio
12.18%Total risk-based capital ratio
Memoranda
$13Average assets
$47,581Average earning assets
$3,555Average equity
$42,771Average loans
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