First National Bank of Clarksdale

Headquarters

402 East Second Street
Clarksdale, MS 38614
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.10% 1.05% →
1-Year CD 0.60% 1.05% →
2-Year CD 0.60% 1.11% →
5-Year CD 0.90% 1.56% →
30-Year Mortgage N.A. 2.88% →
15-Year Mortgage N.A. 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

First National Bank of Clarksdale is an FDIC insured institution located in Clarksdale, MS. It was founded in 1964 and has approximately $0.37 billion in assets. Customers can open an account at one of its 5 branches.

FDIC Insured Yes
FDIC Certificate # 19070
Date Established 1964
Assets $ 369.59 million
Loans $ 188.55 million
Deposits $ 319.78 million
Capital $ 47.70 million
 

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.

Deposit Rates - August 14, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.10% $10,000 $14,999 Learn More
Money Market
0.10% $25,000 $29,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.50% $10,000 $14,999 Learn More
3 Mo CD
0.50% $100,000 $199,999 Learn More
6 Mo CD
0.60% $10,000 $14,999 Learn More
6 Mo CD
0.60% $100,000 $199,999 Learn More
12 Mo CD
0.60% $10,000 $14,999 Learn More
12 Mo CD
0.60% $100,000 $199,999 Learn More
18 Mo CD
0.60% $10,000 $14,999 Learn More
18 Mo CD
0.60% $100,000 $199,999 Learn More
24 Mo CD
0.60% $10,000 $14,999 Learn More
24 Mo CD
0.60% $100,000 $199,999 Learn More
30 Mo CD
0.65% $10,000 $14,999 Learn More
30 Mo CD
0.65% $100,000 $199,999 Learn More
36 Mo CD
0.65% $10,000 $14,999 Learn More
36 Mo CD
0.65% $100,000 $199,999 Learn More
48 Mo CD
0.80% $10,000 $14,999 Learn More
48 Mo CD
0.80% $100,000 $199,999 Learn More
60 Mo CD
0.90% $10,000 $14,999 Learn More
60 Mo CD
0.90% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.10% $2,500 $3,499 Learn MoreShow Less

Loan Rates - August 14, 2020

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 2020

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
1Rate, Inc
NMLS ID: 1948084
License#: MC-7051
2.812% 2.750% 0.75 $2,038 $1,021 Learn More
Rocket Mortgage
NMLS ID: 3030
3.494% 3.375% 1.00 $3,750 $1,106 Learn More
AimLoan.com
NMLS ID: 2890
License#: MC-3098
2.914% 2.875% 0.50 $1,250 $1,038 Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
3.746% 3.625% 1.00 $3,750 $1,141 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2020

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
3.500 %
$25,000 Learn More
More Info
Third Federal Savings and Loans
Third Federal Savings and Loans
2.990 %
$0 Learn More
More Info

Note to First National Bank of Clarksdale
To upload and update your bank's rates please register. It is free to register and add rates.

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
1.57% 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 National Bank of Clarksdale had $623,000 in non-current loans and $175,000 in owned real estate. To cover these potential losses it had $47,699,000 in equity and $3,006,000 in loans loss reserves. That gives it a Texas Ratio of 1.57%.

Return on Equity
First National Bank of Clarksdale U.S. Bank Average
8.21% 7.80%

First National Bank of Clarksdale has a Return on Equity of 8.21% 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 National Bank of Clarksdale U.S. Bank Average
12.91% 12.68%

First National Bank of Clarksdale has a Capitalization of 12.91% 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 National Bank of Clarksdale Balance Sheet Analysis

As of March 31, 2020, First National Bank of Clarksdale had assets of $369,590,000, loans of $188,546,000, and deposits of $319,775,000. 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 $ 42.39 million
Interest-bearing balances $ 34.09 million
Total securities $ 113.36 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 188.55 million
Loan loss allowance $ 3.01 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.18 million
Goodwill and other intangibles N.A.
All other assets $ 21.05 million
     Total Assets $ 321.89 million
LIABILITIES
Total deposits $ 319.78 million
      Interest-bearing deposits $ 239.77 million
      Deposits held in domestic offices $ 319.78 million
      % insured (estimated) 65.16%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 2.12 million
      Total Liabilities $ 321.89 million
      Shareholders’ Equity $ 47.70 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 3.37 million
Total Interest Expense $ 0.62 million
Net interest income $ 2.75 million
Provision for loan and lease losses $ 0.01 million
Total non interest income $ 0.72 million
Total non interest expense $ 2.08 million
Pre-tax Net Operating Income $ 1.38 million

Bank Loan Profile?

The top three loan types in First National Bank of Clarksdale’s loan portfolio are Farm Loans, Commercial Real Estate, and Construction and Development Loans.

Compared to other banks in Mississippi, First National Bank of Clarksdale has a significantly higher percent of 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 15.12
Multifamily
Mortgages
2.56
Credit Card Loans 0.00
Consumer Auto Loans 1.64
Small Business Loans 0.00
Construction and Development Loans 16.95
Commercial Real Estate 17.80
Commercial and Industrial Loans 10.22
Farm Loans 21.88

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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