FIRST COMMERCIAL BANK (MS)

FIRST COMMERCIAL BANK (MS) Locations
1300 Meadowbrook Road
Jackson, MS 39211
www.firstcommercialbk.com

FIRST COMMERCIAL BANK (MS) is headquartered in Jackson and is the 35th largest bank in the state of Mississippi. It is also the 2,490th largest bank in the nation. It was established in 2000 and as of March of 2012, it had grown to 27 employees at 1 location. FIRST COMMERCIAL BANK (MS) has a 5-star health rating.

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Data for Q1 2012


Institution Statistics


FIRST COMMERCIAL BANK
FDIC Certificate #57069
BankRate ReportView
Year Established2000
Employees27
Primary RegulatorFDIC

Assets and Liabilities

Assets$259.33 million
Loans$219.59 million
Deposits$200.71 million
Equity Capital$30.46 million
Loan Loss Allowance$3.32 million
Unbacked Noncurrent Loans$534,000

Historic Data - March 2011

Assets$266.04 million
Equity Capital$28.36 million
Loan Loss Allowance$2.87 million
Unbacked Noncurrent Loans$1.97 million

Profit Margin - Quarterly

Net Interest Margin3.64%
Return on Assets1.01%
Return on Equity8.64%
Interest Income$2.79 million

Institution Health


Overall Score:
5 out of 5
5
Texas Ratio5
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 FIRST COMMERCIAL BANK (MS) had $534,000 in non-current loans and owned real-estate with $33.78 million in equity and loan loss allowances on hand to cover it. This gives FIRST COMMERCIAL BANK (MS) a Texas Ratio of 1.58% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend5
The Texas Ratio for FIRST COMMERCIAL BANK (MS) decreased significantly from 6.32% as of March 31, 2011 to 1.58% as of March 31, 2012, resulting in a positive change of 74.97%.This indicates that the balance sheet and financial strength for FIRST COMMERCIAL BANK (MS) has improved significantly in recent periods.
Deposit Growth2
In the past year, FIRST COMMERCIAL BANK (MS) has decreased its total deposits by -$8.36 million, resulting in -4% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth FIRST COMMERCIAL BANK (MS) has shown is below average.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. FIRST COMMERCIAL BANK (MS) has $259.33 million in assets with $33.78 million in equity, resulting in a capitalization level of 13.03%, which is excellent.
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