The First Bank
FDIC #34217
📍 Hattiesburg, Mississippi
The First Bank is a commercial bank, state charter and fed member, supervised by the federal reserve (frb). established in August 5, 1996. With assets of $7.88 Billion, it operates 0 domestic branches.
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Community Reinvestment Act (CRA) Rating
Latest Exam: August 28, 2023
What is CRA? The Community Reinvestment Act (CRA) is a federal law that encourages banks to help meet the credit needs of the communities in which they operate, including low- and moderate-income neighborhoods.
Rating History
August 28, 2023
Satisfactory
💰 Financial Strength
Total Assets$7.88 Billion
Total Deposits$6.49 Billion
Equity Capital$1.00 Billion
Net Income$68.73 Million
📈 Performance
ROA1.21%
ROE9.61%
Financial Terms:
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
ROA (Return on Assets): Measures profitability relative to size. 1.0%+ is good.
ROE (Return on Equity): Measures profitability for shareholders. 10%+ is strong.
📋 Corporate Structure
EstablishedAugust 5, 1996
FDIC Cert34217
Holding CoFirst Bancshares Inc The
Parent CertNA - Not listed as a child of a larger bank.
Last ChangeMarch 2, 2023
Foreign Offices0
SAIF InsuredNo
State CharteredYes
🕰️ Lobby Hours
Monday9:00 AM - 4:30 PM
Tuesday9:00 AM - 4:30 PM
Wednesday9:00 AM - 4:30 PM
Thursday9:00 AM - 4:30 PM
Friday9:00 AM - 5:30 PM
SaturdayClosed
SundayClosed
📜 Institutional History
2023
Merger / Acquisition
Acquired: Heritage Southeast Bank
2022
Merger / Acquisition
Acquired: Beach Bank
2022
Name Change
Name became: Changed Institution Name To The First Bank.
2020
Merger / Acquisition
Acquired: Southwest Georgia Bank
2019
Merger / Acquisition
Acquired: First Florida Bank