Overview / Commentary
The First is headquartered in Hattiesburg and is the 6th largest bank in the state of Mississippi. It is also the 235th largest bank in the nation. It was established in 1996 and as of June of 2022, it had grown to 807 employees at 88 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 Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| FDIC Certificate # | 34217 |
| Year Established | 1996 |
| Employees | 807 |
| Primary Regulator | FED |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.17% |
| Return on Equity - YTD | 9.76% |
| Annual Interest Income | $88.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $6.03B$5.50B |
| Loans | Q2 2022vs Q2 2021 | $3.10B$3.01B |
| Deposits | Q2 2022vs Q2 2021 | $5.31B$4.72B |
| Equity Capital | Q2 2022vs Q2 2021 | $692.4MM$749.8MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $32.4MM$32.5MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $24.2MM$33.5MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $2.0MM$3.5MM |
