FIRST COMMERCIAL BANK

Headquarters

1300 Meadowbrook Road
Jackson, MS 39211
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.95% →
1-Year CD 0.70% 1.01% →
2-Year CD 0.80% 0.95% →
5-Year CD 0.95% 1.30% →
30-Year Mortgage N.A. 2.80% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

FIRST COMMERCIAL BANK is an FDIC insured institution located in Jackson, MS. It was founded in 2000 and has approximately $0.41 billion in assets. Customers can open an account at one of its 4 branches.

FDIC Insured Yes
FDIC Certificate # 57069
Date Established 2000
Assets $ 410.49 million
Loans $ 335.05 million
Deposits $ 350.59 million
Capital $ 54.20 million
 

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.

Deposit Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828

Savings and Money Market Rates APY MIN MAX
Money Market
0.05% $2,500 $2,999 Learn More
Money Market
0.05% $10,000 $14,999 Learn More
Money Market
0.05% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.60% $10,000 $14,999 Learn More
3 Mo CD
0.60% $100,000 $199,999 Learn More
6 Mo CD
0.65% $10,000 $14,999 Learn More
6 Mo CD
0.65% $100,000 $199,999 Learn More
12 Mo CD
0.70% $10,000 $14,999 Learn More
12 Mo CD
0.70% $100,000 $199,999 Learn More
18 Mo CD
0.75% $10,000 $14,999 Learn More
18 Mo CD
0.75% $100,000 $199,999 Learn More
24 Mo CD
0.80% $10,000 $14,999 Learn More
24 Mo CD
0.80% $100,000 $199,999 Learn More
36 Mo CD
0.85% $10,000 $14,999 Learn More
36 Mo CD
0.85% $100,000 $199,999 Learn More
48 Mo CD
0.90% $10,000 $14,999 Learn More
48 Mo CD
0.90% $100,000 $199,999 Learn More
60 Mo CD
0.95% $10,000 $14,999 Learn More
60 Mo CD
0.95% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $99 Learn MoreShow Less
Int Ckg
0.05% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 21, 2020

Your Current Location: Connecticut, CT 06828

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 - Connecticut 30 Year Fixed Mortgage Rates 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
First Internet Bank
NMLS ID: 424182
2.565% 2.500% 0.88 $2,142 $988 Learn More
Rocket Mortgage
NMLS ID: 3030
3.620% 3.500% 1.00 $3,750 $1,123 Learn More
AimLoan.com
NMLS ID: 2890
License#: 13256
2.569% 2.500% 0.88 $2,258 $988 Learn More

Featured - Connecticut Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
See Table
2.240 %
$0 Learn More
More Info
People's United Bank, N.A.
People's United Bank, N.A.
See Table
4.000 %
$0 Learn More
More Info

Note to FIRST COMMERCIAL BANK
To upload and update your bank's rates please register. It is free to register and add rates.

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:
Fairfield,Connecticut


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
0.8% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 March 31, 2020, FIRST COMMERCIAL BANK had $301,000 in non-current loans and $169,000 in owned real estate. To cover these potential losses it had $54,198,000 in equity and $4,200,000 in loans loss reserves. That gives it a Texas Ratio of 0.8%.

Return on Equity
FIRST COMMERCIAL BANK U.S. Bank Average
6.66% 7.80%

FIRST COMMERCIAL BANK has a Return on Equity of 6.66% versus the BestCashCow average of 7.80%. 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
13.2% 12.68%

FIRST COMMERCIAL BANK has a Capitalization of 13.2% versus the BestCashCow average of 12.68. 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 March 31, 2020, FIRST COMMERCIAL BANK had assets of $410,485,000, loans of $335,050,000, and deposits of $350,588,000. 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

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 29.50 million
Interest-bearing balances $ 23.31 million
Total securities $ 20.15 million
Federal funds sold and reverse repurchase $ 0.05 million
Net loans and leases $ 335.05 million
Loan loss allowance $ 4.20 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.17 million
Goodwill and other intangibles $ 1.48 million
All other assets $ 22.66 million
     Total Assets $ 356.29 million
LIABILITIES
Total deposits $ 350.59 million
      Interest-bearing deposits $ 266.76 million
      Deposits held in domestic offices $ 350.59 million
      % insured (estimated) 66.78%
Federal funds purchased and repurchase agreements $ 2.22 million
Trading liabilities N.A.
Other borrowed funds $ 1.00 million
Subordinated debt N.A.
All other liabilities $ 2.48 million
      Total Liabilities $ 356.29 million
      Shareholders’ Equity $ 54.20 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 4.26 million
Total Interest Expense $ 0.96 million
Net interest income $ 3.30 million
Provision for loan and lease losses $ 0.03 million
Total non interest income $ 0.50 million
Total non interest expense $ 2.88 million
Pre-tax Net Operating Income $ 0.89 million

Bank Loan Profile?

The top three loan types in FIRST COMMERCIAL BANK’s loan portfolio are Commercial Real Estate, Commercial and Industrial Loans, and Construction and Development Loans.

Compared to other banks in Mississippi, FIRST COMMERCIAL BANK has a significantly higher percent of Construction and Development Loans, Commercial Real Estate, 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 14.10
Multifamily
Mortgages
2.08
Credit Card Loans 0.00
Consumer Auto Loans 0.16
Small Business Loans 0.00
Construction and Development Loans 15.40
Commercial Real Estate 40.27
Commercial and Industrial Loans 24.44
Farm Loans 0.01

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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