Overview / Commentary
The First is headquartered in HATTIESBURG and is the 5th largest bank in the state of Mississippi. It is also the 185th largest bank in the nation. It was established in 1996 and as of March of 2023, it had grown to 1,089 employees at 120 locations. The First has an A+ health rating.
Reviews (1)
Down Hill Lack Of Consideration
Posted by: KAD2 | Jan 15, 2021
The First Bank in Tallahassee has gone down in customer service since hiring some new people this year. I am very disappointed in their lack of concern and after 35 years I feel sicken by how they have changed for the worse since the First took over control of Sunshine Savings.
Health
A+
Data as of Q1 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34217 |
| Year Established | 1996 |
| Employees | 1089 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.12% |
| Return on Equity - YTD | 8.98% |
| Annual Interest Income | $80.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2023vs Q1 2022 | $8.01B$6.19B |
| Loans | Q1 2023vs Q1 2022 | $4.92B$2.95B |
| Deposits | Q1 2023vs Q1 2022 | $6.68B$5.45B |
| Equity Capital | Q1 2023vs Q1 2022 | $1.03B$716.5MM |
| Loan Loss Allowance | Q1 2023vs Q1 2022 | $52.5MM$31.6MM |
| Unbacked Noncurrent Loans | Q1 2023vs Q1 2022 | $17.4MM$24.7MM |
| Real Estate Owned | Q1 2023vs Q1 2022 | $5.1MM$2.8MM |
