FIRST COMMERCIAL BANK

1300 Meadowbrook Road
Jackson, MS 39211

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57069
Date Established 2000
Assets $0.39 billion
Loans $0.32 billion
Deposits $0.31 billion
Capital $0.05 billion

FIRST COMMERCIAL BANK is an FDIC insured institution located in Jackson, MS. It was founded in 2000 and has approximately $0.39 billion in assets. Customers can open an account at one of its 4 branches.

For a more detailed analysis of FIRST COMMERCIAL BANK's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in FIRST COMMERCIAL BANK’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and 1-4 Family Residential Loans.

Compared to other banks in Mississippi, FIRST COMMERCIAL BANK has a significantly higher percent of Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 15.39
Multifamily
Mortgages
2.89
Credit Card Loans 0.00
Consumer Auto Loans 0.16
Small Business Loans 11.81
Construction and Development Loans 12.73
Commercial Real Estate 36.49
Commercial and Industrial Loans 26.60
Farm Loans 0.01

Deposit Rates - October 17, 2018

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $2,500 $49,999 Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
1.41% $1,000 - Learn MoreShow Less
6 Mo CD
1.56% $1,000 - Learn MoreShow Less

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $24,999 Learn MoreShow Less

Loan Rates - October 17, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for FIRST COMMERCIAL BANK

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2018

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
J.G. Wentworth Home Lending, LLC
NMLS ID: 2925
License#: MC-1875
4.750% 4.750% 0.00 $0 $1,305 Learn More
Triangle Lending Group, Inc.
NMLS ID: 64446
License#: MC-5531
4.625% 4.625% 0.00 $0 $1,286 Learn More
Ally Bank
NMLS ID: 181005
4.935% 4.875% 0.25 $1,826 $1,324 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Third Federal Savings & Loan Assoc. of Cleveland 4.240% $245.68 Learn More
Flagstar Bank 5.490% $283.58 Learn More

Note to FIRST COMMERCIAL BANK
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Branches

FIRST COMMERCIAL BANK branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


FIRST COMMERCIAL BANK Locations

Financial Details

FIRST COMMERCIAL BANK Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of FIRST COMMERCIAL BANK. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
FIRST COMMERCIAL BANK U.S. Bank Average
0.93% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2018, FIRST COMMERCIAL BANK had $333,000 in non-current loans and $169,000 in owned real estate. To cover these potential losses it had $49,960,000 in equity and $4,011,000 in loans loss reserves. That gives it a Texas Ratio of 0.93%.

Return on Equity
FIRST COMMERCIAL BANK U.S. Bank Average
8.51% 9.77%

FIRST COMMERCIAL BANK has a Return on Equity of 8.51% versus the BestCashCow average of 9.77%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
FIRST COMMERCIAL BANK U.S. Bank Average
12.88% 12.31%

FIRST COMMERCIAL BANK has a Capitalization of 12.88% versus the BestCashCow average of 12.31. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

FIRST COMMERCIAL BANK Balance Sheet Analysis

As of June 30, 2018, FIRST COMMERCIAL BANK had assets of $387,868,000, loans of $321,374,000, and deposits of $313,630,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2018
ASSETS
Cash & Balances due from depository institutions $0.02 billion
Interest-bearing balances $0.02 billion
Total securities $0.02 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.32 billion
Loan loss allowance $0.00 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.00 billion
All other assets $0.02 billion
     Total Assets $0.34 billion
LIABILITIES
Total deposits $0.31 billion
      Interest-bearing deposits $0.23 billion
      Deposits held in domestic offices $0.31 billion
      % insured (estimated) 76.94%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.02 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.34 billion
      Shareholders’ Equity $0.05 billion

Summary Income Statement

June 30, 2018
INCOME AND EXPENSES
Total Interest Income $0.01 billion
Total Interest Expense $0.00 billion
Net interest income $0.01 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.00 billion
Total non interest expense $0.01 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About First Commercial Bank

Branches and Savings

Is First Commercial Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57069.

Why does First Commercial Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are First Commercial Bank CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is First Commercial Bank a commercial bank?

Yes

Where are First Commercial Bank locations?

See branch locations nearby.

Is First Commercial Bank open on Saturdays?

Is First Commercial Bank open on Sundays?

What time does First Commercial Bank open?

What time does First Commercial Bank close?

Are First Commercial Bank ATMs Open 24/7?

Do First Commercial Bank ATMs accept cash deposits?

Can First Commercial Bank customers use other ATMs?

Do First Commercial Bank branches have notaries?

Will First Commercial Bank notarize my document?

What address for First Commercial Bank should I put for incoming ACH transfers?

Will the First Commercial Bank branch print checks?

Do First Commercial Bank checks expire?

Does First Commercial Bank require US citizenship to open account?

Can First Commercial Bank close my account?

Does First Commercial Bank Report to credit bureaus?

Does First Commercial Bank Use Equifax?

What is First Commercial Bank's ACH Routing Number?

What is First Commercial Bank's SWIFT code?

Products

Does First Commercial Bank offer mortgages?

Compare mortgage rates here.

Does First Commercial Bank offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First Commercial Bank offer personal loans?

Compare personal loan rates here.

Does First Commercial Bank offer student loans?

Will First Commercial Bank cash a check?

Will First Commercial Bank redeem a savings bond?

Does First Commercial Bank cash savings bonds?

Will First Commercial Bank cash money orders?

Can First Commercial Bank issue a money order?

Does First Commercial Bank do currency exchange?

Background on The Bank

Who owns First Commercial Bank?

How long has First Commercial Bank been around?

Can First Commercial Bank transfer to other banks?

Does First Commercial Bank have quick pay?

Does First Commercial Bank accept rolled coins?

Will First Commercial Bank accept loose change?

Where is First Commercial Bank headquarters?

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