The First National Bank of the Pine Belt in Laurel, Mississippi (MS)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 23, 2004

The First National Bank of the Pine Belt in Laurel, Mississippi (MS)
Show street view No street view available for this location

The First National Bank of the Pine Belt - Overview

General
FDIC Certificate #: 34961
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The First, A National Banking Association (#34217)
Federal Reserve ID: 2747952
Date Established: January 19, 1999
WWW: http://www.gofnb.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)
FDIC's unique #: 62135
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 19, 1999
Last Structure Change Effective Date: January 23, 2004
Last Structure Change Process Date: Febuary 12, 2004
Last Data Update: Febuary 12, 2004
Data Source Date: April 05, 2012
Location
Address: 1945 Highway 15 North, Laurel, MS 39441
County: Jones
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
Core Based Statistical Area (CBSA): Laurel, MS (#29860)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $52.8 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, 2003)

Dollar figures in thousands
17Total employees (full-time equivalent)
$52,804Total assets
$2,499Cash and due from depository institutions
$354Interest-bearing balances
$13,702Securities
$0Federal funds sold & reverse repurchase agreements
$32,460Net loans & leases
$354Loan loss allowance
$0Trading account assets
$2,215Bank premises and fixed assets
$77Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,851All other assets
$52,804Total liabilities and capital
$47,625Total liabilities
$42,315Total deposits
$36,829Interest-bearing deposits
$42,315Deposits held in domestic offices
0.00%% insured (estimated)
$1,000Federal funds purchased & repurchase agreements
$0Trading liabilities
$4,156Other borrowed funds
$0Subordinated debt
$154All other liabilities
$5,179Total equity capital
$5,179Total bank equity capital
$5,179Perpetual preferred stock
$0Common stock
$2,500Surplus
$2,500Undivided profits
Memoranda
$179Noncurrent loans and leases
$3,384Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$74Earning assets
$0Long-term assets (5+ years)
$238Average Assets, year-to-date
$46,516Average Assets, quarterly
$3,952Volatile liabilities
$50,294Insider loans
$52,742FHLB advances
$8,035Loans and leases held for sale
$3,564Unused loan commitments
$4,156Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,384Total unused commitments
$0Restructured Loans and leases
$354Derivatives

Income and Expense (December 31, 2003)

Dollar figures in thousands
$2,717Total interest income
$851Total interest expense
$1,866Net interest income
$123Provision for loan and lease losses
$434Total noninterest income
$0Fiduciary activities
$335Service charges on deposit accounts
$0Trading account gains & fees
$99Additional noninterest income
$1,788Total noninterest expense
$734Salaries and employee benefits
$267Premises and equipment expense
$787Additional noninterest expense
$389Pre-tax net operating income
$0Securities gains (losses)
$132Applicable income taxes
$257Income before extraordinary items
$0Extraordinary gains - net
$257Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$181Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2003)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.25%Yield on earning assets
1.96%Cost of funding earning assets
4.29%Net interest margin
1.00%Noninterest income to earning assets
4.12%Noninterest expense to earning assets
0.51%Net operating income to assets
0.51%Return on assets (ROA)
0.77%Pretax return on assets
5.08%Return on equity (ROE)
5.08%Retained earnings to average equity (YTD only)
0.57%Net charge-offs to loans
67.96%Credit loss provision to net charge-offs
2.83%Efficiency ratio
77,739Assets per employee
3.11%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.08%Loss allowance to noncurrent loans
478.38%Noncurrent assets plus other real estate owned to assets
0.29%Noncurrent loans to loans
0.23%Net loans and leases to deposits
76.71%Net loans and leases to core deposits
92.01%Equity capital to assets
9.81%Core capital (leverage) ratio
9.58%Tier 1 risk-based capital ratio
12.74%Total risk-based capital ratio
Memoranda
$14Average assets
$50,294Average earning assets
$5,061Average equity
$43,449Average loans

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The First National Bank of the Pine Belt.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.