The First, A National Banking Association (FBMS) 2016年年度报告「NASDAQ」.pdf

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1、CONNECTING YOU TO YOUR WORLD2016 Annual ReportTABLE OF CONTENTSCEO Letter to Shareholders.2 Selected Financial Data.5 Managements Discussion and Analysis.6 Report of Independent Auditor.36 Consolidated Financial Statements.39 Notes to Consolidated Financial Statements.48 Corporate Information.91 Dir

2、ectors and Corporate Officers.92Advisory Board.93Dear Fellow Shareholders:2016 was an outstanding year for your Company,one which we believe will prove to be transformational for the Companys future growth and for the value of your investment.Some highlights for 2016 include:The Company celebrated i

3、ts 20 year anniversary 14.3%increase in net income available to common shareholders 11.5%increase in total assets 12.2%increase in total loans 13.4%increase in total deposits Negotiated and executed agreement to acquire Iberville Bank in Baton Rouge,LA Negotiated and executed an agreement to acquire

4、 Gulf Coast Community Bank in Pensacola,FL Raised$63 million in new capital Redeemed our preferred stock issued to the US Treasury at a 7%discount Achieved a 50%increase in the price of the Companys common stockOverviewOur Company celebrated its 20th year in business with an outstanding performance

5、in growth,profitability and a substantial improvement in shareholder value.Based on the collective vision of a group of local business people on a back porch in Seminary,MS 20 years ago,your Company has grown into a regional banking franchise.In our relatively short 20 year history,your Company is n

6、ow the 6th largest bank headquartered in the state of Mississippi with total assets of approximately$1.7 billion.Through a combination of organic and acquisitive growth,your Company now operates 48 locations in four states(MS,AL,LA and FL)with over 400 employees.Financial Performance 2016The First a