First National Bank of Clarksdale

402 East Second Street
Clarksdale, MS 38614

 

2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 19070
Date Established 1964
Assets $0.38 billion
Loans $0.22 billion
Deposits $0.33 billion
Capital $0.04 billion

First National Bank of Clarksdale is an FDIC insured institution located in Clarksdale, MS. It was founded in 1964 and has approximately $0.38 billion in assets. Customers can open an account at one of its 5 branches.

For a more detailed analysis of First National Bank of Clarksdale'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 National Bank of Clarksdale’s loan portfolio are Farm Loans, Construction and Development Loans, and Commercial Real Estate.

Compared to other banks in Mississippi, First National Bank of Clarksdale has a significantly higher percent of Multifamily Mortgages, Construction and Development Loans, Farm 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 13.52
Multifamily
Mortgages
4.23
Credit Card Loans 0.00
Consumer Auto Loans 1.57
Small Business Loans 5.86
Construction and Development Loans 18.56
Commercial Real Estate 14.11
Commercial and Industrial Loans 12.26
Farm Loans 20.19

Deposit Rates - October 15, 2018

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Money Market
0.10% $1,000 - Learn MoreShow Less
CD Rates APY MIN MAX
3 Mo CD
0.50% $1,000 - Learn MoreShow Less
6 Mo CD
0.65% $1,000 - Learn MoreShow Less

Fixed IRA Rates APY MIN MAX
Fixed IRA
0.80% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
2.23% $1,000 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.10% $1,000 - Learn MoreShow Less

Loan Rates - October 15, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for First National Bank of Clarksdale

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
Rocket Mortgage
NMLS ID: 3030
5.125% 5.125% 0.00 $0 $1,362 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
First Internet Bank
NMLS ID: 424182
4.659% 4.625% 0.38 $988 $1,286 Learn More
AimLoan.com NMLS#2890
NMLS ID: 2890
License#: MC-3098
4.565% 4.500% 0.38 $2,007 $1,267 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

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

Note to First National Bank of Clarksdale
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Branches

First National Bank of Clarksdale 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 National Bank of Clarksdale Locations

Financial Details

First National Bank of Clarksdale Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of First National Bank of Clarksdale. 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 National Bank of Clarksdale U.S. Bank Average
0.36% 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 National Bank of Clarksdale had $171,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $44,335,000 in equity and $3,612,000 in loans loss reserves. That gives it a Texas Ratio of 0.36%.

Return on Equity
First National Bank of Clarksdale U.S. Bank Average
10.47% 9.77%

First National Bank of Clarksdale has a Return on Equity of 10.47% 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 National Bank of Clarksdale U.S. Bank Average
11.7% 12.31%

First National Bank of Clarksdale has a Capitalization of 11.7% 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 National Bank of Clarksdale Balance Sheet Analysis

As of June 30, 2018, First National Bank of Clarksdale had assets of $378,949,000, loans of $222,792,000, and deposits of $332,150,000. 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 $0.03 billion
Interest-bearing balances $0.02 billion
Total securities $0.10 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $0.22 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 $0.33 billion
LIABILITIES
Total deposits $0.33 billion
      Interest-bearing deposits $0.22 billion
      Deposits held in domestic offices $0.33 billion
      % insured (estimated) 60.92%
Federal funds purchased and repurchase agreements $0.00 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.00 billion
Subordinated debt $0.00 billion
All other liabilities $0.00 billion
      Total Liabilities $0.33 billion
      Shareholders’ Equity $0.04 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 $0.00 billion
Pre-tax Net Operating Income $0.00 billion

Frequently Asked Questions About First National Bank Of Clarksdale

Branches and Savings

Is First National Bank Of Clarksdale FDIC insured?

Yes. It is covered under FDIC Certificate #19070.

Why does First National Bank Of Clarksdale pay such low interest on savings accounts?

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

Why are First National Bank Of Clarksdale CD rates not competitive?

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

Is First National Bank Of Clarksdale a commercial bank?

Yes

Where are First National Bank Of Clarksdale locations?

See branch locations nearby.

Is First National Bank Of Clarksdale open on Saturdays?

Is First National Bank Of Clarksdale open on Sundays?

What time does First National Bank Of Clarksdale open?

What time does First National Bank Of Clarksdale close?

Are First National Bank Of Clarksdale ATMs Open 24/7?

Do First National Bank Of Clarksdale ATMs accept cash deposits?

Can First National Bank Of Clarksdale customers use other ATMs?

Do First National Bank Of Clarksdale branches have notaries?

Will First National Bank Of Clarksdale notarize my document?

What address for First National Bank Of Clarksdale should I put for incoming ACH transfers?

Will the First National Bank Of Clarksdale branch print checks?

Do First National Bank Of Clarksdale checks expire?

Does First National Bank Of Clarksdale require US citizenship to open account?

Can First National Bank Of Clarksdale close my account?

Does First National Bank Of Clarksdale Report to credit bureaus?

Does First National Bank Of Clarksdale Use Equifax?

What is First National Bank Of Clarksdale's ACH Routing Number?

What is First National Bank Of Clarksdale's SWIFT code?

Products

Does First National Bank Of Clarksdale offer mortgages?

Compare mortgage rates here.

Does First National Bank Of Clarksdale offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does First National Bank Of Clarksdale offer personal loans?

Compare personal loan rates here.

Does First National Bank Of Clarksdale offer student loans?

Will First National Bank Of Clarksdale cash a check?

Will First National Bank Of Clarksdale redeem a savings bond?

Does First National Bank Of Clarksdale cash savings bonds?

Will First National Bank Of Clarksdale cash money orders?

Can First National Bank Of Clarksdale issue a money order?

Does First National Bank Of Clarksdale do currency exchange?

Background on The Bank

Who owns First National Bank Of Clarksdale?

How long has First National Bank Of Clarksdale been around?

Can First National Bank Of Clarksdale transfer to other banks?

Does First National Bank Of Clarksdale have quick pay?

Does First National Bank Of Clarksdale accept rolled coins?

Will First National Bank Of Clarksdale accept loose change?

Where is First National Bank Of Clarksdale headquarters?

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