Vitals
  • Total Assets
    456.4M 8.5 %
  • Total Deposits
    399.2M 6.1 %
  • Total Net Loans
    342.6M 24.3 %
  • Net Income
    5.0M 5.0 %
  • Book Value
    44.9M 6.6 %
  • Book Value x2
    89.8M 6.6 %
  • Book Value x3
    134.8M 6.6 %
ROAA

1.107

ROAE

11.636

Efficiency Ratio

67.669

Net Interest Margin

3.253

Balance Sheet Highlights
Financial Highlights First Bank All Insured Commercial Banks in Mississippi
Balance Sheet $(000)
Total Assets 456,361 525,484
Total Net Loans 342,572 348,104
Total Deposits 399,219 440,088
Total Equity 44,917 60,485
Profitability
Net Income 5,039 5,177
Return on Average Assets 1.107 .911
Return on Average Equity 11.636 8.357
Net Interest Margin 3.253 3.971
Efficiency Ratio 67.669 70.327
Noninterest Income/Revenue 19.28 22.171
Balance Sheet Ratios
Loan-to-Deposit 85.811 71.665
Securities/Assets .156 .197
Total Equity/Total Assets .098 .115
Tangible Equity/Tangible Assets .098 .102
Capital Adequacy
Tier 1 Common Capital 44,518 52,498
Tier 1 Capital 44,518 52,598
Tier 2 Capital 3,509 3,510
Total Capital 48,027 56,103
Total Risk Weighted Assets 323,729 380,206
Leverage Ratio 9.76 10.71
Common Equity Tier 1 Capital Ratio 13.75 16.284
Tier 1 Capital Ratio 13.75 16.342
Total Capital Ratio 14.84 17.377

Timeline for First Bank

New South Life Insurance Company

New South Life Insurance Company became a new subsidiary organization for First Bank.

View Profile Jan 01 1994

Old Progressive Life Insurance Company

Old Progressive Life Insurance Company became a new subsidiary organization for First Bank.

View Profile Apr 17 1987

South Central Bank

Acquisition: First Bank acquired a new subsidiary, South Central Bank, 41 years

View Profile Jan 03 1983

First Southwest Corporation

First Southwest Corporation became a new parent organization for First Bank.

View Profile Dec 30 1981

Summit Financial Services

Summit Financial Services became a new subsidiary organization for First Bank.

View Profile Dec 30 1981

Want to see more?

Complete timeline for First Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
South Central Bank Seller 33,910 Discontinued 1/3/1983
Bank Of Mccomb Seller 51,608 Discontinued 5/1/1981
Citizens Savings Bank, Magnolia, Mississippi Seller Discontinued 1/3/1972
Relationships Role Relationship Start Relationship End
First Southwest Corporation Parent 8/8/2000
First Southwest Corporation Parent 9/30/1995 8/7/2000
First Southwest Corporation Parent 8/26/1992 9/29/1995
First Southwest Corporation Parent 12/31/1985 8/25/1992
First Southwest Corporation Parent 12/31/1983 12/30/1985
First Southwest Corporation Parent 12/31/1982 12/30/1983
First Southwest Corporation Parent 12/30/1981 12/30/1982
Old Progressive Life Insurance Company Subsidary 6/30/2007
Old Progressive Life Insurance Company Subsidary 4/17/1987 6/29/2007
New South Life Insurance Company Subsidary 1/1/1994 9/30/2003
Summit Financial Services Subsidary 12/30/1981 6/30/1988
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